With the advent of 5G, cellular user equipment shipments will return to growth, although modest growth by historical standards. Cellular M2M / IoT will experience the most robust growth.
The market for cellular radio components, supported by 5G device shipments, new capabilities and higher ASPs for 5G components, will grow more rapidly, especially the RF transceivers and front-end components.
Updated with 5G UE corrections, 12-12-2019.