Growth opportunities in the 5G Chipset Market look promising over the next six years. This is mainly due to the strong demand for high-speed data transfer and the large network coverage for distance learning, multiuser gaming, and videoconferencing.
5G Chipset Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The surging demand for high-speed internet, along with the extensive network coverage for applications such as autonomous driving, video conferencing, distance learning, and multiuser gaming, is regarded as one of the most prominent drivers supplementing the growth of the 5G chipset market. In addition, the massive demand for prompt transfer of data, mobile broadband technology, and data and information processing have further strengthened the 5G chipsets market size. Also, the market has witnessed an augmentation in the cellular internet of things connection. The pace and reliability of 5G are forecasted to influence the machine-to-machine and IoT. Moreover, the expanding acquisition of novel M2M technologies for enhanced connectivity, better communication, and led energy usage has promoted market growth. Thus, the stimulating requirement for broader network capability to manage M2M and human-based communication has raised the 5G chipset market share.
Furthermore, the accelerating demand for mobile data traffic is propelling market growth. The extension in cellular networks has allowed users to experience fastened data rates with low intermission. This mounting demand for mobile data services is mainly attributed to the increasing implementation of applications and services in both consumer electronic devices and business-to-business communication systems. The aggravating emphasis on the establishment of sophisticated chipset modules for telecom base stations to reduce the overall size and power consumption is further driving the market growth. SAMSUNG Electronics Co., Ltd, in 2019, introduced two new 5G chipset components for telecom base stations known as Radio Frequency Integrated Circuits. However, the high cost of these chipsets for mobile devices is hindering market growth. The value of smartphone chipsets that support 5G is quite expensive as compared to the 4G.
Type Segment Drivers
Based on the type, RFIC is expected to witness a higher CAGR during the forecast period. It includes the RF transceiver and RF FE segment. This is owing to the growing number of RF transceiver ICs in smartphones is. The deployment of the mmWave ICs in the 5G infrastructure equipment and the high bandwidth offered by the technology are further bolstering the market growth
5G Chipset Market’s leading Manufacturers:
- NXP Semiconductors
- Marvell
- Huawei Technologies Co., Ltd.
- Skyworks Solutions, Inc.
- Analog Devices, Inc.
- Anokiwave
- MediaTek Inc.
- SAMSUNG
- Qorvo, Inc.
- Qualcomm Technologies, Inc.
5G Chipset Market Segmentation:
Segmentation by Type
- Modem
- RFIC
Segmentation by End Use
- Telecommunication
- Mobile Devices
- Non-Mobile Devices
- Automobile
Segmentation by Frequency
- Sub-6 GHZ
- 24-39 GHZ
- Above 39 GHZ
Segmentation by Process Node
- Less than 10 NM
- 10-28 NM
- Above 28 nm
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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