5G Chipset Market Growth, Industry Share, Size | Report 2023-2028

According to the latest report by IMARC Group, “Global 5G Chipset Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2023-2028“, 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.

The 5G chipset is an integrated circuit (IC) that facilitates 5G transmission on smartphones, notebooks, laptops, portable hotspots, internet of things (IoT) devices, and personal computers (PC) with mobile network capabilities. It uses multiple-in, multiple-out (MIMO) antenna systems and sub-6GHz bands to deliver a vast volume of data while enhancing the speed, latency, dependability, and efficiency of 5G networks. As a result, the 5G chipset finds extensive applications in ships, airplanes, and high-speed rails across the globe.

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Market Trends and Drivers:

The global 5G chipset market is primarily driven by the rising demand for high-speed internet and large network coverage for multiuser gaming, file sharing, and live streaming. Moreover, the increasing videoconferencing, live streaming, telemedicine, and business applications due to the sudden coronavirus disease (COVID-19) outbreak and rising reliance on distance learning are positively influencing the market growth. Additionally, numerous companies are using IoT devices to track machine performance in real-time to reduce overall downtime and boost operational efficacy.

Along with this, the rising use of IoT in developing smart cities, infrastructure, and grid projects has catalyzed market growth. Besides this, the surging adoption of 5G chipsets in vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N) is another major growth-inducing factor. Other factors, including ongoing research and development (R&D) activities, increased demand for mobile broadband operational frequency, and technological advancements, are also anticipated to drive the market further.

Global 5G Chipset Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

5G Chipset Companies:

Infineon Technologies Ag, Intel Corporation, Mediatek Inc, Nokia Corporation, Broadcom Inc, Huawei Technologies Co., Ltd., Qorvo, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd. and Xilinx Inc.

The report has segmented the market on the basis of chipset type, operational frequency, end user and region.

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
• Healthcare
• Retail
• Others
  
  

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 (2017-2022)
• Market Outlook (2023-2028)
• 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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