5G Chipset Market - Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028, Segmented By IC Type (ASIC, RFIC, Cellular IC and mm Wave IC), By Operational Frequency (Sub 6GHz, Between 26 & 39 GHz, Above 39GHz), By Deployment Type (Device, Customer Premises Equipment, and Network Infrastructure Equipment), By Industry Vertical (Automotive & Transportation, Energy & Utilities, Hea
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization5G Chipset Market - Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028, Segmented By IC Type (ASIC, RFIC, Cellular IC and mm Wave IC), By Operational Frequency (Sub 6GHz, Between 26 & 39 GHz, Above 39GHz), By Deployment Type (Device, Customer Premises Equipment, and Network Infrastructure Equipment), By Industry Vertical (Automotive & Transportation, Energy & Utilities, Hea
Growing Mobile Data Services
In recent times, with the growing digital evolution, 5G offers numerous benefits such as higher data rates to download content quickly, low latency for less lag time and higher bandwidth, which led to the augmented growth of Global 5G Chipset Market in the coming years.
The increasing demand from customers for high internet speeds and mobile data services is expected to further boost the growth of the 5G chipset market in the coming years. Moreover, key market players for 5G are coming up with more advanced 5G networks and introducing new smartphones with 5G features. This results in a huge boost by chipmakers to develop more 5G chips for mobile devices and for superior gaming experiences, along with intensive graphic features. Hence, this makes smartphones' processing and connectivity faster and quicker, along with their efficient power and system performance. Moreover, the involvement of artificial intelligence with the 5G chipsets results in a better user experience on smartphones. Therefore, with all such aforementioned factors the demand for 5G chipset is expected to increase during the forecast period.
Increasing Number of IoT Connections
The growing deployment of 5G provides efficient and quick connectivity for Internet of Things (IoT) devices. The booming IoT technology along with 5G technology is expected to expand the market for 5G chipsets all over the world. Tech industries across the globe are preparing for IoT breakthrough, specifically telecommunication companies are anticipated to boost the capabilities provided by the 5G technology. For instance, in 2021, Qualcomm launched a 5G modem chip optimized for Internet of Things (IoT). The new chipsets offer low power, better thermal efficiency and smaller form factor than existing 5G chipsets. These essential factors enable the deployment of 5G in flexible wireless factories for the future.
Moreover, several industries are experiencing the advantages of cellular IoT, such as the automotive, mining, consumer electronics, railway, and transportation sectors. By 2020, there will be over 1 billion cellular IoT devices and almost every industry is discovering the potential of cellular connectivity for transforming their businesses. Governments of various countries, such as China and India, are promoting the adoption of IoT through direct and indirect incentives to promote sustainability, innovation, and growth. Hence, it increases the demand for 5G chipsets for a better and more effective experience globally.
Increased Demand for M2M Connections
Machine-to-machine connections is the technology that frequently employ sensors to collect data and provide vital commands to various kinds of machines so they can carry out various activities. Real-time shipping, autonomous driving, smart logistics, immersive commerce, and other Products that require M2M connections have grown in number, creating a significant market opportunity for global 5G chipmakers.
Depending on the use cases, a variety of communication technologies have historically been employed for M2M communication. Only specific contexts have seen the usage of cellular systems. The large-scale M2M infrastructure's cellular system has challenges with regard to latency and speed. As more devices are connected to the network, the latency problem becomes more obvious.
As a result, 5G technology, with a diverse range of Products, low latency, higher speed, and large bandwidth, provides a worthy solution to M2M communication requirements.
Market Segments
5G Chipset Market is segmented on the basis of IC type, operational frequency, Deployment Type, industry vertical, and region. Based on IC Type, the market is segmented into ASIC, RFIC, Cellular IC, and mmWave IC. By operational frequency, the market is segmented into Sub 6GHz, Between 26 & 39 GHz, Above 39GHz. By deployment Type device, the market is bifurcated into customer premises equipment and network infrastructure equipment. By industry vertical, the market is segmented into automotive & transportation, energy & utilities, healthcare, consumer electronics, industrial automation, and others.
Market Players
Recent Developments
In order to accelerate the launch of DISH's Open RAN-compliant 5G network, Qualcomm Technologies, Inc. and DISH Network Corporation announced their collaboration in 2020. They will be testing open and virtualized RAN 5G solutions that feature the new Qualcomm 5G RAN Platforms.
In June 2022, Ligado Networks and Sony Semiconductor Israel entered a partnership to provide chipsets for Ligado's 5G mobile satellite network for the Internet of Things (IoT). The expansion of modern connection services across North America is expected to benefit greatly from this breakthrough.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | · By IC Type · By Operational Frequency · By Deployment Type · By Industry Vertical · By Region |
| Regional Scope | North America, Europe, Asia Pacific, South America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, U.K., Germany, France, Sweden, Finland, China, India, Japan, South Korea, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
| Key companies profiled | |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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