5G Chipsets Market

The rising demand for 5G devices is a significant driver in the growth of the 5G Chipsets market. With the global rollout of 5G networks, more people are gaining access to these networks, leading to an increased demand for 5G devices. These devices offer superior data speeds and lower latency compared to 4G LTE devices, making them ideal for bandwidth-intensive and low-latency applications like HD video streaming and gaming. Furthermore, the affordability of 5G devices is improving as their prices decrease, further fueling the demand. Apart from these factors, several other elements are anticipated to contribute to the expansion of the 5G chipset market. These include the surging popularity of online gaming, the growth of the Internet of Things (IoT), and the need for high-speed connectivity in industrial applications. As the availability of 5G networks increases, the performance of 5G devices improves, and their prices continue to drop, the demand for these devices is projected to persistently rise. Consequently, the demand for 5G chipsets is also expected to experience growth.

5G Chipsets Market Size

Report	Details
Market Size Value	USD 21.39 billion in 2022
Market Size Value	USD 127.15 billion by 2030
CAGR	27.9%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020
Segments Covered	Chipset Type, Operational Frequency, Processing Node Type, Application, End-use Vertical and Region
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players 5G Chipsets Market include: Qualcomm Technologies, Inc., MediaTek Inc., Huawei Technologies Co., Ltd., SAMSUNG, Broadcom, Qorvo, Inc, Skyworks Solutions, Inc., Analog Devices, Inc., Marvell, Anokiwave, Inc, NXP Semiconductors, Texas Instruments Incorporated, Murata Manufacturing Co., Ltd. and Others.

Unleashing the Potential: Increased demand for 5G devices

The rising demand for high-speed internet and broad network coverage is one of the key drivers of the 5G chipset market. 5G offers significantly faster data speeds and lower latency than 4G LTE, making it ideal for a variety of applications that require high bandwidth and low latency. Online streaming services have become increasingly popular in recent years, as they offer a wide variety of content that can be accessed on demand. This has led to an increase in the amount of data that is being transferred over the internet, which requires high-speed internet connections. The IoT is the network of physical devices that are connected to the internet. These devices collect and share data, which can be used to improve efficiency and productivity. The IoT requires high-speed internet connections to connect devices and transmit data. Overall, the demand for high-speed internet and broad network coverage is expected to continue to grow in the coming years. This will put a strain on internet networks, and governments and businesses will need to invest in infrastructure to meet the demand.

Due such factors, the 5G chipsets market is expected to witness significant growth. Businesses across industries are recognizing the potential of 5G chipsets in enhancing creativity, improving efficiency, and delivering unique experiences to their customers. By harnessing the power of 5G chipsets, organizations can unlock new possibilities in content creation, design, simulation, and beyond, driving innovation and differentiation in an increasingly competitive landscape.

• Advances in 5G technology

The telecommunications industry has undergone a revolutionary transformation due to the advancements in 5G technology. 5G, the fifth-generation wireless technology, brings significant improvements compared to its predecessors, including faster data speeds, reduced latency, and expanded network capacity. These advancements have opened up a multitude of transformative applications and benefits. Additionally, 5G technology offers improved reliability and coverage by leveraging advanced antenna technologies like massive MIMO, beamforming, and small cells. This ensures a more stable and consistent connection, even in densely populated areas, leading to enhanced user experiences and enabling applications that rely on uninterrupted connectivity, such as remote monitoring and critical communications. As a result, the advancements in 5G technology have ushered in a new era of connectivity and possibilities. With faster data speeds, lower latency, increased network capacity, and enhanced reliability, 5G has the potential to revolutionize various industries, drive innovation, and enable transformative applications in the digital realm.

Country-Wise Insight

North America is expected to witness substantial growth due to various factors. The region has emerged as a leader in the development of 5G infrastructure, with significant investments from major network operators for expanding and deploying networks. This creates a favourable environment for the adoption of 5G chipsets. North America boasts a large consumer base with widespread smartphone usage, which leads to increased demand for 5G-enabled devices, consequently driving the need for 5G chipsets. Furthermore, the region fosters a thriving ecosystem of technology companies and start-ups, promoting innovation and the creation of new applications and services that heavily rely on 5G networks. As a result, the demand for 5G chipsets is further amplified.

Asia-Pacific is expected to be the fastest-growing market for 5G chipsets in the coming years. The significant increase in investment in manufacturing 5G-enabled smartphones and base stations that support 5G Digital Radio (NR) frequencies is the main factor behind this trend. However, the global market for 5G chipsets is expected to have its highest growth rate from 2020 to 2027. Furthermore, the rising demand for smart manufacturing in developing economies like China and India is projected to drive the acceptance of 5G chipset components during the forecast period.

China's dominance in the chipset market is attributed to its state-of-the-art manufacturing facilities for processors and chipsets. The country is consistently prioritizing research and development in advanced 5G technology. Furthermore, China boasts a significant number of prominent key players in the market, which is anticipated to fuel the growth of the market.

The Indian 5G chipset market is expected to grow significantly in the coming years. This is due to the increasing adoption of 5G technology in India and the growing demand for smartphones and other 5G-enabled devices in the country.

The 5G Chipsets Market research report provides an in-depth overview of the industry including market segmentation by Chipset Type, Operational Frequency, Processing Node Type, Application, End-use Vertical and Region. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as new product launch, collaborations, expansions, investment analysis, mergers and acquisitions.

5G Chipsets Market is segmented by region and further by countries, chipset type, operational frequency, processing node type, application, end-use vertical and region. Players, stakeholders, and other participants in the global 5G Chipsets Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

Report further studies the market strategies of key players, recent development status, future plans and 5G Chipsets Market trends across the world. Also, it splits 5G Chipsets Market Segmentation by material, end-user and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

• By Chipset Type:
  • Application-Specific Integrated Circuit (ASIC)
  • Radio Frequency Integrated Circuit (RFIC)
  • Millimetre Wave Integrated Circuit (mm Wave IC)
  • Cellular Integrated Circuit (Cellular IC)
• By Operational Frequency:
  • Sub 6GHz
  • Between 26 & 39 Ghz
  • Above 39 Ghz
• By Processing Node Type:
  • Up to 10 nm
  • 11 nm to 28 nm
  • Above 28 nm
• By Application:
  • Telecom Base Station Equipment
  • Smartphones/Tablets
  • Connected Vehicles
  • Connected Devices
  • Broadband Access Gateway Devices
  • Others
• By End-use Vertical:
  • Automotive
  • Public Transportation
  • Energy & Utility
  • Telecom & IT
  • Industrial Automation
  • Consumer Electronics
  • Retail
  • Public Infrastructure
  • Others
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of World
    • Middle East
      • UAE
      • Saudi Arabia
      • Israel
      • Rest of the Middle East
    • Africa
      • South Africa
      • Rest of Middle East & Africa      

Reason to purchase this 5G Chipsets Market Report:

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• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global 5G Chipsets Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global 5G Chipsets Market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top 5G Chipsets Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.