NEW YORK, May 27, 2024 /PRNewswire/ — The global millimeter wave and microwave rf transceiver market size is estimated to grow by USD 4.30 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 10.49% during the forecast period.
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Technavio has announced its latest market research report titled Global millimeter wave and microwave RF transceiver market 2024-2028
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Millimeter Wave and Microwave RF Transceiver Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018 – 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.49% |
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Market growth 2024-2028 |
USD 4300.5 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
9.24 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 56% |
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Key countries |
China, US, Japan, Germany, and South Korea |
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Key companies profiled |
Analog Devices Inc., Broadcom Inc., Cisco Systems Inc., GCT Semiconductor Inc., Lime Microsystems Ltd., MediaTek Inc., Microchip Technology Inc., Millimeter Wave Products Inc., Norden Millimeter Inc., NVIDIA Corp., NXP Semiconductors NV, Phi Microtech Co. Ltd., Qorvo Inc., Qualcomm Inc., Renaissance Electronics and Communication LLC, Renesas Electronics Corp., RF Microtech srl, Silicon Motion Technology Corp., Skyworks Solutions Inc., and STMicroelectronics International N.V. |
Market Driver
Millimeter wave and microwave RF transceivers play a pivotal role in IoT’s technological convergence, enabling high-speed data transmission for LTE, LTE Advanced, and 5G networks. These wireless technologies are essential enablers for low-latency communication in applications such as autonomous vehicles, augmented reality, and high-bandwidth imaging and sensing.
Millimeter wave frequencies, despite atmospheric absorption challenges, offer higher bandwidth for commercial networks, including Verizon Communications and telecom firms. Millimeter wave solutions, including Terragraph (TG) certified infrastructure, are crucial for overcoming obstacles in crowded cities and difficult terrain.
Market Challenges
Millimeter wave and microwave RF transceivers play a pivotal role in enabling advanced technologies such as autonomous vehicles, augmented reality, and low-latency communication. These transceivers are essential enablers for Terragraph (TG) certified telecommunication infrastructure and wireless technologies, enabling lower latency and higher bandwidth in crowded cities and difficult terrain.
Millimeter wave frequencies are crucial for high-speed data transfer, video streaming, and mission-critical applications in consumer electronics, healthcare, defense, and radar systems. Semiconductor technologies, antennas and transceivers, communications and networking, interface, RF and radio, sensor and controls, power and battery, and telecom infrastructure are all integral components of this market. Overcoming obstacles like reliability and efficiency remains a significant challenge for vendors in this dynamic and evolving market.
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Segment Overview
Application
1.1 Mobile phones
1.2 Tablets
1.3 PCs and laptops
1.4 Smart TVs
1.5 Set-top boxes
Geography
2.1 APAC
2.2 North America
2.3 Europe
2.4 South America
2.5 Middle East and Africa
1.1 Mobile phones- The mobile phones and IoT devices market segment is experiencing significant growth due to the increasing use of the Internet and the proliferation of wireless technologies. Autonomous vehicles and augmented reality applications are major drivers, necessitating low-latency communication and higher bandwidth for real-time data processing. Millimeter wave and microwave RF transceivers serve as essential enablers for these advanced technologies, with Terragraph (TG) certified transceivers playing a pivotal role in telecommunication infrastructure development.
The millimeter wave spectrum, with its high-speed communication capabilities, is particularly relevant for obstacle-ridden cities and difficult terrain. Consumer electronics, including Wi-Fi enabled devices and smart home systems, also benefit from these advancements, as do safety applications, medical imaging, military imaging, radar systems, and various mission-critical applications.
Semiconductor technologies, antennas and transceivers, communications and networking interfaces, RF and radio, sensor and control systems, power and battery solutions, and telecom infrastructure are all integral components of this evolving landscape. Millimeter wave frequencies enable high-speed data transmission for video streaming and other bandwidth-intensive applications, making them indispensable for the future of wireless transmission solutions.
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Research Analysis
The Millimeter Wave and Microwave RF Transceiver Market encompasses advanced wireless technologies, including Mobile phones, Tablets, Smart TVs, PCs, Laptops, Set-top boxes, Sensors, and Actuators. These devices leverage radio frequencies in the millimeter wave band and the microwave spectrum to facilitate 5G communication, essential for high-bandwidth applications such as imaging, sensing, and low-latency communication.
The market is witnessing significant growth due to the deployment of 5G networks and the increasing demand for low-latency communication in sectors like autonomous vehicles, augmented reality, and video streaming. Atmospheric absorption poses challenges to millimeter wave communication, but Terragraph (TG) certified transceivers offer solutions by providing reliable and efficient telecommunication infrastructure. Overall, the Millimeter Wave and Microwave RF Transceiver Market plays an essential role in enabling the future of wireless technologies.
Market Research Overview
The Millimeter Wave and Microwave RF Transceiver Market encompasses technologies that enable wireless communication through the transmission and reception of radio frequency signals. These transceivers operate in the microwave and millimeter wave frequency bands, supporting applications such as telecommunications, radar systems, satellite communications, and automotive radar.
The market is driven by factors including the increasing demand for high-speed wireless connectivity, the proliferation of IoT devices, and advancements in semiconductor technology. Transceivers in this market offer features like high data rates, low power consumption, and compact form factors, making them suitable for various applications. The market is expected to grow significantly in the coming years due to the increasing adoption of these technologies in various industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Application
Mobile Phones
Tablets
PCs And Laptops
Smart TVs
Set-top Boxes
Geography
APAC
North America
Europe
South America
Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio