Transparency Market Research delivers key insights on the global transceiver market. In terms of revenue, the global market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global transceiver market.
A transceiver is a combination of a receiver and a transmitter, and is used to carry out data transmission and reception by using a sole device. Furthermore, transceivers allow a microprocessor system to transmit and receive data with the help of various interface standards over different protocols such as CAN and Ethernet. Additionally, transceivers are used in multiple industry verticals in order to achieve the efficient and quick transfer and reception of data. In the automotive industry, vertical transceivers, especially CAN, LIN, and FlexRay types of vertical transceivers are significantly used for in-vehicle networking or for data communication between a large numbers of installed ECUs (electronic control units). With the growth of industries, especially automotive, healthcare, and IT & telecommunications, the global transceiver market is projected to expand in the next few years.
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Global Transceiver Market: Dynamics
Increased network bandwidth is projected to boost the demand for transceivers across the world during the forecast period. Increase in the need for high network bandwidth has been observed across the globe over the last few years, owing to the emergence of 4G and 5G mobile network services and IoT (Internet of Things) across multiple industry verticals such as retail and manufacturing. IoT enables multiple devices to get connected over the Internet, and, due to this, it generates more traffic than usual as well as higher demand for network bandwidth. The rising need for larger storage size, higher processor speed, and larger HDTV screen size is expected to drive the demand for network bandwidth during the forecast period. Transceivers provide the ability to transfer high-speed data without reducing transmission efficiency, and easily support the increased network bandwidth. Continuous increase in the need for network bandwidth has a high positive impact on the demand for transceivers, worldwide. This, in turn, is expected to boost the global transceiver market during the forecast period.