5G Chipset Market is valued around USD 1.53 Billion in 2019 and expected to reach USD 90.79 Billion by 2030 with the CAGR of 44.95% over the forecast period.
5G chipset is an integrated circuit consists of electrical component to channelize the flow of information or data. It is the 5th generation of chipsets which is mainly used in telecommunication and IT industry for the processing of large amount of data. These chipsets are faster than conventional chipsets allows the faster data transfer & processing. It is also used in the computer functions owing to the advantages offered by it.
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Global 5G Chipset Market report is segmented on the basis of products, IC type, operational frequency, industry vertical and by regional. Based upon product, the 5G chipset market is fragmented into Devices, Customer Premises Equipment, and Network Infrastructure Equipment. On the basis of IC type, the market is categorized into ASIC, RFIC, Cellular IC, and mmWave IC. Based on operational frequency, the market is fragmented into Sub 6GHz, Between 26 & 39 Ghz, and Above 39 Ghz. On the basis of industry vertical, the market is divided into Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Consumer Electronics, Industrial Automation, and Others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The 5G chipsets market is mainly driven by the constant rising demand of wireless connectivity services in telecommunication sectors along with the development of wireless infrastructure. There has been rapid development in technology which is further expected to propel the automation. On the other hand, surge in the adoption of smart devices with rapid industrialization along with the growth of smart cities in the developing economies. In addition, rapid growth in mobile networks with generations as well as amplified use of IoT is also expected to support the market growth. However, challenges in technical design followed by the high cost of 5G chipsets are likely to restrain the market growth.
The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of technological advancement supported by developed infrastructure. Moreover, rising automation along with the surge adoption of smart devices are expected to drive the market growth. Asia Pacific is expected to dominate the 5G chipset market in terms of growth rate owing to the developing telecommunication and IT industry as well as wide applications. In addition, growth in smart cities with growing use of IoT is further expected to propel the market growth.
The major market players profiled in the 5G chipset market includes Qualcomm Technologies Inc., Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd, Integrated Device Technology Inc., MediaTek Inc., Qorvo Inc., Nokia Corporation, MACOM Technology Solutions Holdings Inc., Xilinx Inc., Advanced Micro Devices, Inc., Broadcom Inc., Anokiwave Inc., Cavium Inc., Infineon Technologies AG, NXP Semiconductors NV, Analog Devices, Inc., Intel Corporation, and Texas Instruments, Inc. among others.
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