USD 10.77 billion
Report ID:
SQMIG45N2061 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
66
|Figures:
77
Global Transceivers Market size was valued at USD 10.77 billion in 2022 and is poised to grow from USD 11.65 billion in 2023 to USD 21.89 billion by 2031, at a CAGR of 8.2% during the forecast period (2024-2031).
The global transceivers market is expected to grow at a significant rate over the forecast period. This growth is being driven by several factors, including the increasing demand for wireless communication and connectivity, the growth of the Internet of Things (IoT), the development of 5G networks, and the adoption of advanced technologies such as software-defined radios (SDRs) and millimeter-wave (mmWave) transceivers.
The purpose of the global transceivers market is to provide a range of high-quality, reliable, and efficient transceiver solutions to meet the growing demand for wireless communication and connectivity across various industries. The market offers a wide range of transceiver types, that are used in various applications such as consumer electronics, telecommunications, automotive, healthcare, and more. The global transceivers market serves the purpose of providing high-quality and reliable wireless communication and networking solutions across various industries. As opposed to the mega cloud server access, which went from 10G-40G to 25/50G-50/100G over time, enterprise server access progressively increased from 1G-10G to 10G-25G. The modules must have the same data rates as the equipment to ensure the performance of the entire network, which is growing more advanced with increasing rates.
Global Market Size
USD 10.77 billion
Largest Segment
Fiber Optic
Fastest Growth
Fiber Optic
Growth Rate
8.2% CAGR
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Global Transceivers Market is segmented on the basis of application, types of transceivers and region. By application, the market is segmented into telecommunications, consumer electronics, automotive, healthcare, aerospace. By types of transceivers, market is segmented into radio frequency, fiber optic, ethernet, wireless. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Transceivers Market Analysis by Type of Transceivers
The CAGR of the transceivers segment is expected to be around 10% during the forecast period. Fiber optic transceivers use optical fibers to transmit data over long distances. They are widely used in telecommunication networks, data centers, and other applications that require high-speed data transmission. The fiber optic transceivers segment is expected to be the fastest-growing segment due to the increasing demand for high-speed internet connectivity and the growing adoption of fiber optic technology in various applications.
The CAGR of the RF transceivers segment is expected to be around 8% during the forecast period. RF (Radio Frequency) transceivers are used to transmit and receive radio signals in various applications, such as in mobile phones, wireless communication systems, and GPS systems. This segment is expected to dominate the market due to the growing demand for wireless communication and the increasing adoption of RF transceivers in IoT devices.
Transceivers Market Analysis by Application
The CAGR of the consumer electronics segment is expected to be around 10% during the forecast period. The consumer electronics segment is the fastest-growing segment in the transceivers market due to the increasing adoption of smart devices, such as smartphones, laptops, and tablets, that use transceivers for wireless communication. The growing demand for wearable devices and the increasing adoption of IoT devices are also driving the growth of this segment.
The CAGR of the automotive segment is expected to be around 8% during the forecast period. The automotive segment is another significant application of transceivers, with the increasing adoption of advanced driver-assistance systems (ADAS) and connected car technology. Transceivers are used in various applications, such as vehicle-to-vehicle communication, infotainment systems, and telematics. The growing demand for autonomous vehicles and the increasing adoption of electric vehicles are driving the growth of this segment.
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The CAGR of the Asia-Pacific is expected to be around 10% during the forecast period. Asia-Pacific region is expected to be the dominant market for transceivers due to the increasing adoption of advanced communication technologies, such as 5G, and the growing demand for connected devices. The dominant segment in this region is expected to be the telecommunications segment, followed by the consumer electronics segment. The dominant segment in Asia-Pacific is expected to be the healthcare segment, driven by the increasing adoption of wireless medical devices.
The CAGR of the North American is expected to be around 8% during the forecast period. North America is expected to be the fastest growing global transceivers market, with the highest market share due to the presence of major market players in the region, along with the growing demand for advanced communication technologies. North America is expected to be the healthcare segment, driven by the increasing adoption of medical devices that use wireless communication technology.
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Transceivers Market Drivers
Growing Adoption of IoT Technology to Bolster market growth
Transceivers Market Restraints
Security concerns to Hinder market growth
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These companies are some of the leading players in the global transceivers market, with a significant presence in the development and manufacturing of transceivers for a wide range of applications and industries.
Transceivers Market Top Player’s Company Profiles
Transceivers Market Recent Developments
In March 2024, Nokia is introducing a new line of optical transport solutions specifically designed for metro edge deployments, catering to Communication Service Providers (CSPs), webscale companies, and Enterprise customers.
In March 2024, Networks Unlimited, a prominent value-added distributor in South Africa, revealed its new distribution partnership with ProLabs, a famous global independent provider of network infrastructure and connectivity products. This collaboration aligns with Networks Unlimited's plan to provide the latest and top-notch solutions in converged technology, data center, networking, and security solutions.
In October 2023, Aker Solutions and Subsea7 reported the completion of their joint venture, officially closing the deal. The newly formed entity is operating under the name OneSubsea, and intends to revolutionize subsea production by fostering innovation and enhancing efficiency. Its primary focus is assisting customers in unlocking reserves and streamlining cycle times in the subsea sector.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, North America is expected to be the fastest growing region in the global transceivers market, owing to the presence of several key players in the region, as well as the high adoption of advanced wireless technologies such as 5G and IoT. However, the Asia-Pacific region is expected to grow at the dominant, due to the increasing demand for wireless communication and connectivity in emerging economies such as China and India. Overall, the global transceivers market is expected to see significant growth over the forecast period, driven by increasing demand for wireless communication and connectivity, as well as the adoption of advanced wireless technologies and the growth of emerging economies.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 10.77 billion |
Market size value in 2031 | USD 21.89 billion |
Growth Rate | 8.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Transceivers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Transceivers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Transceivers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Transceivers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45N2061
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