Global 5G Modem Chipset Market Size By Component (Antenna, Modem Chip), By Operational Frequency (Sub-6 GHz, Above 39 GHz), By End-user (Consumer Electronics, Energy And Utilities), By Geographic Scope And Forecast

5G Modem Chipset Market Size And Forecast

5G Modem Chipset Market size was valued at USD 31,640.94 Million in 2023 and is projected to grow to USD 1,08,053.16 Million by 2030, with a CAGR of 17.18% from 2024-2030.

Expansion of the internet of things (iot) and industry 4.0 and smart cities are the factors driving market growth. The Global 5G Modem Chipset Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global 5G Modem Chipset Market Executive Summary

A 5G modem chipset is a specialized piece of equipment designed to facilitate wireless communication over the fifth generation of cellular networks, commonly referred to as 5G. This chipset is incorporated into a variety of devices, including tablets, smartphones, laptops, IoT (Internet of Things) devices, and even certain home routers, allowing them to connect to and utilise 5G networks.

The market for 5G modem chipsets is strong and diverse, fueled by the need for more rapid and dependable wireless communication in various applications. The 5G modem chipsets market is expected to stay strong as 5G networks mature and grow internationally, driving innovation and disruptive shifts across sectors and consumer markets. The arrival of 5G is projected to accelerate the adoption of wireless devices in businesses with the advent of the Industry 4.0. Sector 4.0 facilitates cellular connectivity across the sector, and the advent of IoT and machine-to-machine interactions contributes to market momentum.

Numerous innovative city projects and efforts have begun to develop across the world, and it is predicted that there will be roughly 30 worldwide smart cities by 2025, with half of them situated in North America and Europe. According to the OECD, these efforts are backed by worldwide investments estimated to reach USD 1.8 trillion in urban development projects during 2010 and 2030. This is one of the primary causes boosting 5G chipset need because of its use in smart city networking applications.

One of the key advantages of a 5G modem chipset is its fast speed. 5G networks may offer far greater data speeds than previous generations, with peak download rates of up to 20 gigabits per second (Gbps). This incredible speed allows for rapid downloads, faultless video streaming, and nearly lag-free online gaming. It also enables the development of new technologies, such as augmented and virtual reality, which demand a large amount of bandwidth. Another important feature of 5G modem chipsets is their low latency. Latency is the amount of time it takes for data to travel from one place in an internet connection to another. 5G networks will have ultra-low latency, often in the millisecond range. This is a huge step forward for real-time interactions in areas such as autonomous automobiles, remote medical treatments, and industrial automation. Because of 5G, such apps will be able to function with exceptional accuracy and responsiveness, extending more secure and effective systems.

Global 5G Modem Chipset Market Attractiveness Analysis

The Asia Pacific area is a highly attractive marketplace for 5G modem chipsets. The attraction originates from the region’s large population, fast urbanization, and rising usage of digital technology. Governments and corporations are spending substantially on 5G infrastructure to enable smart cities, Industry 4.0, and IoT applications. Furthermore, a growing middle class and rising demand for high-end smartphones and IoT gadgets fuel the industry. As 5G expands and matures in Asia Pacific, it provides significant development prospects for chip manufacturers, making it a very appealing and dynamic market.

Global 5G Modem Chipset Market Outlook

The global 5G Modem Chipset Market is growing on the grounds of proliferation of IoT. The next generation of mobile chipset communication, 5G, is expected to be a driving force in the industrial Internet of Things (IIoT). The anticipated 5G-increased performance across multiple indicators, flexibility to tailor the network to the needs of specific use cases, and inherent security that ensures both performance and data isolation have prompted the emergence of the concept of public network integrated non-public network (PNI-NPN) 5G networks. Industry 4.0 is predicted to significantly boost 5G IoT sales for certain use cases. For the purpose of creating an IoT ecosystem in the nation, it anticipates being internationally competitive during the following four years.

Additionally, the usage of 5G modem chipsets in workflows and production lines to speed up production and support Industrial Revolution 4.0 has greatly raised demand for 5G chipsets, which is likely to fuel the rise of the 5G Modem Chipset Market’s revenue throughout the course of the forecast period. 5G modem chip manufacturers are increasingly requiring smaller package designs that deliver the same capacitance or resistance as older and larger versions. Passive manufacturers are responding to this demand by providing extended value ranges in smaller package designs.

The limitation factor for the 5G Modem Chipset Market is it requires costly infrastructure and is time-consuming. The price increase of 5G devices is being brought on by the high cost of 5G modems and the components that go with them. Although modems cost more up front, they can end up being far more economical in the long run. It can be expensive to invest the additional time in developing the software and hardware needed to make chipsets or modules a part of an item. Another prominent issue with the 5G modem chipset is security challenges for privacy.

 Global 5G Modem Chipset MarketSegmentation Analysis

The Global 5G Modem Chipset Market is segmented on the basis of Component, Operational Frequency, End-User, and Geography.

5G Modem Chipset Market, By Component

• Antenna
• Modem Chip
• RF

To Get a Summarized Market Report By Component-

Based on Component, The market is segmented into Antenna, Modem Chip, and RF. Antenna accounted for the largest market share in 2022. An antenna is a device that emits or receives electromagnetic waves, such as radio frequency (RF) signals used in wireless communication. Antennas are evolving to enable complex MIMO (Multiple Input Multiple Output) arrangements, such as 4×4 or 8×8 MIMO, significantly improving data speeds, signal reliability, and coverage area.

5G Modem Chipset Market, By Operational Frequency

• Sub-6 GHz
• Above 39 GHz
• Between 26 and 39 GHz

Based on Operational Frequency, The market is segmented into Sub-6 GHz, Above 39 GHz, and Between 26 and 39 GHz. Sub-6 GHz accounted for the largest market share in 2022, and is projected to grow at the highest CAGR during the forecast period. Sub-6 GHz is a critical frequency spectrum inside a 5G modem chipset for improving the reach, dependability, and practicality of 5G networks. Sub-6 GHz frequencies provide various benefits that are critical for widespread 5G network implementation. One of the primary advantages is their capacity to travel over greater distances and penetrate through barriers than higher-frequency mmWave bands. This feature improves signal coverage in urban and rural regions, offering a consistent user experience even in difficult situations.

5G Modem Chipset Market, By End-User

• Consumer Electronics
• Energy and Utilities
• Industrial Automation
• Automotive and Transportation
• Retail
• Healthcare
• Others

Based on End-User, The market is segmented into Consumer Electronics, Energy and Utilities, Industrial Automation, Automotive and Transportation, Retail, Healthcare, and Others. Consumer Electronics accounted for the largest market share in 2022, and is projected to grow at the highest CAGR. Technological advancements encourage the development of new and improved products, resulting in greater demand and sales. Because of the growth of internet-connected gadgets, new markets for consumer electronics items such as smart home devices and wearables have emerged.

5G Modem Chipset Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

To Get a Summarized Market Report By Geography-

Based on Geography, The Global 5G Modem Chipset Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America accounted for the largest market share in 2022 and Asia Pacific is projected to grow at the highest CAGR of during the forecast period. The implementation of 5G networks has been spearheaded by South Korea, China, and Japan. One of the primary drivers behind the rollout of 5G services by telecom service providers in the Asia-Pacific area is the Industrial Internet of Things (IIoT). Asia Pacific is on course to overtake North America as the largest 5G market internationally as 5G networks continue to be rolled out in other regional areas.

Key Players

The “Global 5G Modem Chipset Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Qualcomm Incorporated, MediaTek, Huawei Technologies Co., Ltd, Samsung Electronics Co Ltd, Intel Corporation, Infineon Technologies AG, Nokia, Xilinx, Qorvo, Inc., UNISOC, and Others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Company Market Ranking Analysis

The company ranking analysis provides a deeper understanding of the top 5 players operating 5G Modem Chipset Market. takes into consideration several factors before providing a company ranking. The top three players for the 5G Modem Chipset Market are Qualcomm Incorporated, MediaTek, Huawei Technologies Co., Ltd. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product related sales obtained by the company in recent years and its share in the total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various 5G Modem Chipset Markets.

Company Regional Footprint

The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Qualcomm Incorporated, has its presence globally i.e. in North America, Europe, Asia Pacific and RoW. All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall 5G Modem Chipset Market presence on a global and country level.

Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the 5G Modem Chipset Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.