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 coolest things about a 5G modem chipset? Seriously fast speeds! We're talking way faster than older networks, potentially hitting 20 gigabits per second (Gbps) for downloads. Imagine lightning-fast downloads, flawless video streaming, and online gaming without the lag. Plus, it opens the door for exciting stuff like augmented and virtual reality, which need tons of bandwidth. And get this5G modem chipsets also boast incredibly low latency. Latency, remember, is how long it takes for data to zip around. 5G promises super-low latency, sometimes just milliseconds. This is a game-changer for things that need real-time action, like self-driving cars, remote medical procedures, and even how factories work. Thanks to 5G, these apps can be super precise and responsive, leading to systems that are safer and work better.

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 5G Modem Chipset Market is really taking off, mainly because of the growing number of IoT devices out there. Think of 5G as the engine powering the next generation of mobile communication, especially for the industrial Internet of Things (IIoT). Everyone's excited about 5G's potentialfaster speeds, the ability to customize networks for different needs, and built-in security that keeps data safe. This has led to the idea of "PNI-NPN" 5G networks – basically, blending public and private networks. With Industry 4.0 on the rise, we're expecting a big jump in 5G IoT sales for specific uses. And get thisthe goal is to build a nationwide IoT ecosystem that can compete globally over the next 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

When we talk about how often 5G signals buzz around (that's "Operational Frequency," officially!), we're really talking about three main groupssignals under 6 GHz, those blazing above 39 GHz, and the ones in between 26 and 39 GHz. Turns out, the Sub-6 GHz band was the big cheese in 2022, grabbing the largest slice of the market. And guess what? Experts predict it's going to keep growing like crazy! Why? Because Sub-6 GHz is super important for making 5G networks work well – think better reach, reliability, and just plain usefulness. It's got some serious perks that are key to getting 5G everywhere. For starters, these lower frequencies can travel farther and push through walls and stuff better than those super-high mmWave signals. This means stronger signal coverage whether you're in a bustling city or out in the countryside, so you get a smooth online experience even when things get tricky.

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-

When we look at the 5G modem chipset market around the world, we can break it down by geographyNorth America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America held the biggest piece of the pie. But get thisAsia-Pacific is expected to explode with growth during the forecast period! Countries like South Korea, China, and Japan are really leading the charge in getting 5G networks up and running. A big reason for this push in Asia-Pacific is the IIoT. As 5G spreads to more regions, Asia-Pacific is actually on track to become the largest 5G market globally, even surpassing North America.

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

Want to know who's leading the pack in the 5G Modem Chipset Market? Our company ranking analysis dives deep into the top 5 players. We don't just pick names out of a hat, though! We look at everything from a company's brand value to their product portfolio (think variations, specs, features, and even price). We also consider how well-established they are in major regions, their recent product sales, and their overall revenue share. Right now, it looks like Qualcomm Incorporated, MediaTek, and Huawei Technologies Co., Ltd. are the top three. We also study their product strategies – what new tech are they using, and what are they doing to grow, both globally and locally? Finally, we check out their distribution network (both online and good old offline) because that tells us a lot about their reach and strength in different 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.