IMARC Group, a leading market research company, has recently releases report titled “5G Chipset Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global 5G chipset market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the 5G Chipset Market?
The global 5G chipset market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 36.0 Billion by 2028, exhibiting a growth rate (CAGR) of 42.3% during 2023-2028.
What is 5G Chipset?
A 5G chipset is a crucial component found in mobile and wireless communication devices, enabling them to process and transmit data over 5G networks. It consists of multiple integrated circuits (ICs) that manage signal modulation and demodulation, signal amplification, error correction, and data encryption and decryption. It also incorporates radio frequency integrated circuits (RFICs), system-on-chips (SoCs), application-specific integrated circuits (ASICs), cellular ICs, and millimeter-wave (mmWave) ICs. It is designed to work with both standalone and non-standalone (SA/NSA) sub-6-GHz networks, seamlessly bridging the gap between existing 2G to 4G networks. It boasts dynamic power-sharing capabilities and exceptionally high download and upload speeds.
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What are the growth prospects and trends in the 5G chipset industry?
At present, the increasing demand for 5G chipsets, as it offers enhanced connectivity, represents one of the crucial factors impelling the growth of the market. Besides this, the rising adoption of 5G-enabled devices, including smartphones, tablets, and the Internet of Things (IoT) devices, is positively influencing the market.
In addition, the growing demand for seeking faster data speeds, lower latency, and enhanced connectivity among the masses is positively influencing the market.
Apart from this, the increasing adoption of 5G technology to enable faster data transfer, real-time analytics, and seamless connectivity among enterprises is contributing to the growth of the market. Additionally, the rising popularity of connected and autonomous vehicles is bolstering the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Breakup by End User:
- Consumer Electronics
- Industrial Automation
- Automotive and Transportation
- Energy and Utilities
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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