The base stations category recorded the highest growth in the 5G RF transceiver market during the past few years. This was because of the requirement for an improved and advanced RF front end (RFFE) design for supporting the adoption of the 5G technology in mobile phones. Furthermore, the complex designs of the RFFE of innovative and advanced smartphones, because of the existence of various advanced long-term evolution-unlicensed (LTE-U) functionalities, are fueling the integration of 5G RF transceivers in base stations.
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When vertical is taken into consideration, the market is classified into consumer electronics, telecommunications, cable/broadcasting, military and defense, aerospace, healthcare, construction, manufacturing, water management, research institutes, automotive, and transportation and logistics categories. Amongst these, the consumer electronics category is predicted to demonstrate the fastest growth in the market in the forthcoming years.
This is ascribed to the rapid launch of 5G services by various telecom operating firms all over the world. Geographically, the 5G RF transceiver market is predicted to exhibit huge expansion in Europe in the future. This will be because of the increasing procurement rate of various radar and air defense systems by the governments of the regional countries, on account of the rising political unrest and conflicts in the region.
In addition to this, the increasing installation of the 5G infrastructure and the expansion of the telecom sector are propelling the advancement of the market in this region. Hence, it can be said with surety that the market will grow substantially across the world in the upcoming years, mainly because of the rising adoption of 5G services and the increasing usage of smartphones all over the world.