The global 5G chipset market size was US$ 1,612 million in 2021. The global 5G chipset market size is forecast to reach US$ 145,288 million by 2030, growing at a compound annual growth rate (CAGR) of 66.3% during the forecast period from 2022 to 2030.
A 5G chipset is an improved component of customer premises equipment and network infrastructure equipment that allows the end-user to establish a wireless network according to 5G network requirements. The growing number of internet-connected devices necessitates the development of a brand-new wireless infrastructure known as 5G. After the current 4G LTE mobile network, fifth-generation wireless (5G) is the next generation of mobile networks. These networks expand broadband wireless Operational Frequency beyond mobile internet to the Internet of Things (IoT) and critical communications segments, allowing for a worldwide perception of being completely connected. Furthermore, the cheapest next-generation 5G chipset solution is expected to bring new levels of efficiency and performance, enabling new user experiences and the connecting of new sectors.
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Factors Influencing Market Growth
Among the factors driving the global market include rising cellular Internet of Things connections, growing demand for high-speed internet, and vast network coverage.
The growing mobile data traffic and increasing need for connected devices and vehicles boost the global market growth.
Problems with data security, information privacy, and the increased initial cost for chipsets may slow down the overall market growth.
The rising use of automation in the workplace and on the production line in the industry and increasing smart city projects are forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global market. As a result of a severe influence on key participants in the supply chain. However, the significant driver driving market expansion during the COVID-19 pandemic was increased demand for three-dimensional printing solutions across key industries. During the COVID-19 pandemic, however, the market was primarily hampered by a lack of trained staff availability and project delays or cancellations due to partial or complete lockdown worldwide. Furthermore, post-COVID-19, the spike in adoption of smart infrastructure solutions across the automotive, retail, healthcare, energy & utilities, and consumer electronics industries is likely to boost the 5G chipset market opportunity.
Regional Analysis
The Asia Pacific region held dominance in the market in 2021 and is forecast to remain dominant during the forecast period. As a result of the substantial rise in investments in the expansion of 5G-enabled devices and base stations that help 5G New Radio frequencies. In addition, rising R&D efforts, investments, and collaborations among companies interested in 5G in countries such as India, China, and South Korea. Additionally, the presence of major regional companies like Samsung Electronics, Ltd. and Huawei Co., Ltd and rising contributions to the expansion of 5G network infrastructure. Thus, these factors boost the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global 5G chipset market are:
Qualcomm Technologies, Inc.
Broadcom
Intel Corporation
Nokia Corporation
Samsung Electronics Co., Ltd.
Mediatek Inc.
Xilinx Inc.
Huawei Technologies Co., Ltd.
Qorvo
Infineon Technologies AG
Other Prominent Players
Scope of the Report
The global 5G chipset market segmentation focuses on Frequency, Type, Process Node, End-User, Industry Vertical, and Region.
Segmentation based on Frequency
Sub-6 GHz
2439 GHz
Above 39 GHz
Segmentation based on Type
Modem
RFIC
o RF transceiver
o RF front end
Segmentation based on Process Node
Less than 10 nm
1028 nm
Above 28 nm
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Segmentation based on End-User
Telecommunications
o Macrocell base station
o Small cell
o CPE
Mobile Devices
o Smartphone
o Laptops & Tablets
o Mobile Hubs
o Robots
o Wearables
o AR/VR
Non-mobile Devices
o IoT Gateways
o Surveillance cameras
Automobile
o Cellular V2X
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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