According to the latest report by IMARC Group, “Global 5G Chipset Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global 5G chipset market reached a value of US$ 2.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 31.71 Billion by 2027, exhibiting a CAGR of 47.10% during 2022-2027.
5G chipset is an integrated circuit (IC) device that enables 5G transmission on smartphones, laptops, notebooks, portable hotspots, Internet of Things (IoT) devices, personal computers (PC), etc. It relies on sub-6GHz bands and multiple-in multiple-out (MIMO) antenna systems to provide large amounts of data and help improve the speed, reliability, latency, and efficiency. As a result, 5G chipsets find widespread applications in airplanes, fast-moving rails, ships, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
|Base Year: 2021|
|Forecast Year: 2022-2027|
5G Chipset Market Trends and Drivers:
The elevating demand for high-speed internet and the extensive network usage for live streaming, file-sharing, multi-user gaming, etc., are primarily driving the 5G chipset market. Besides this, the inflating utilization of IoT devices for monitoring machine performance in real-time to enhance operational efficiency and help in developing smart cities, infrastructures, and grid projects across countries is further augmenting the market growth.
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In addition to this, the impelling need for live streaming, videoconferencing, telemedicine, business applications, distant learning, etc., on account of the sudden outbreak of the COVID-19 pandemic, is also catalyzing the global market. Moreover, the growing usage of 5G chipsets in vehicle-to-network (V2N), vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), etc., is acting as another significant growth-inducing factor.
In line with this, technological advancements in automated driving, digital logistics, artificial intelligence (AI), machine learning (ML), etc., are stimulating the market growth. Furthermore, leading market players are extensively investing in research and development (R&D) activities for developing cost-effective software-defined networks and network function virtualization, which is expected to bolster the 5G chipset market in the coming years.
Global 5G Chipset Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Broadcom Inc, Huawei Technologies Co., Ltd., Infineon Technologies Ag, Intel Corporation, Mediatek Inc, Nokia Corporation, Qorvo, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd. and Xilinx Inc.
The report has segmented the market on the basis of region, chipset type, operational frequency and end user.
Breakup by Chipset Type:
- Application-specific Integrated Circuits (ASIC)
- Radio Frequency Integrated Circuit (RFIC)
- Millimeter Wave Technology Chips
- Field-programmable Gate Array (FPGA)
Breakup by Operational Frequency:
- Sub 6GHz
- Between 26 and 39 Ghz
- Above 39 Ghz
The Breakup by End User:
- Consumer Electronics
- Industrial Automation
- Automotive and Transportation
- Energy and Utilities
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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