Technavio market research analysts forecast the global millimeter wave and microwave RF transceiver market to grow at a CAGR of close to 12% during the forecast period, according to their latest report.
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Technavio has published a new market research report on the global millimeter wave and microwave RF transceiver market 2017-2021 under their hardware and semiconductor library. (Photo: Business Wire)
The report further segments the global millimeter wave and microwave RF transceiver market by application (mobile phones, tablets, smart TVs, PCs and laptops, and set-top boxes) and by geography (the Americas, APAC, and EMEA).
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Technavio analysts highlight the following three market drivers that are contributing to the growth of the global millimeter wave and microwave RF transceiver market:
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Proliferation of smartphones
Advanced wireless technology has made the use of transceiver chips necessary in smartphones and tablets. Transceivers define the performance of mobile devices. This is because they detect even the weakest of signals at the set frequency and then transmit signals at that set frequency. Additionally, they must be backward compatible with the existing network infrastructure. For instance, a mobile phone that is long-term evolution (LTE) capable needs to work in the LTE mode on corresponding LTE frequency bands.
Deployment of next-generation LTE wireless networks
The increase in data consumption has led to the adoption of next-generation LTE networks such as LTE and LTE advanced. The growing consumption of mobile data has resulted in the growth of the commercial networks. This has made LTE the fastest-developing mobile technology. Specific bands have been designated for LTE. However, they vary from one carrier to another. For instance, iPhone 6s from Verizon Communications uses different bands compared with iPhone 6s from AT&T.
According to Jujhar Singh, a lead analyst at Technavio for embedded systems research, “LTE-based computing devicesallow consumers to upload and download music and photographs. The consumers can also play games online with minimum signal interference and watch online TV shows uninterrupted. This has created an opportunity for transceiver chip manufacturers to provide solutions that address the consumer need for faster and smoother access to mobile data.”
Development of smart cities
Public Wi-Fi networks allow individuals to access the Internet using their smartphones and tablets. They also provide location-based services to city planners to gain insights into how smart city functions and how its citizens live. This assists them in providing better services to the people living in smart cities. This is expected to create a huge demand for Wi-Fi routers to be installed in public places. This will further drive the demand for high-powered transceiver chips for transmitting and receiving signals from various connected smart devices.
“The development of a smart city includes identifying an urban area and facilitating economic growth and an improved quality of life using Wi-Fi connectivity. In smart cities, databases and network systems are connected to cameras, sensors, and control systems. At this point, technology is used to allocate services, managing traffic and inventory, and managing and transferring information,” says Jujhar.
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 10,000 reports and counting, covering 800 technologies, spanning 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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