The 5G chipset market is projected to grow from USD 12.8 billion in 2020 to USD 67.2 Billion by 2027, at a CAGR of 26.7% from 2020 to 2027. The major factors driving the 5G chipset market growth are the growing demand for high-speed internet and broad network coverage, increasing cellular IoT connections, and an increase in mobile data traffic. The developments in wired and wireless network communications technologies due to an exponential rise in data traffic have resulted in high investments in 5G technology by network infrastructure providers.
5G chipsets are the next-generation dedicated cellular connectivity chips designed to carry out high-speed data transfer with lower latency than the current fourth-generation (4G) and 4.5G/4.9G (LTE Advanced/Advanced Pro/Gigabit LTE) chips. These chipsets are expected to offer 10–100× improvements in terms of speed and reduced latency (1 ms) compared with the current networks. They are expected to play a vital role in end-to-end devices such as network equipment and mobile devices. 5G chipsets considered in the report include modem/baseband processors and RFIC.
Download PDF :
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150390562
Based on type, the RFIC segment to hold the highest growth rate during the forecast period
The 5G chipset market has been segmented based on type into modems and RFIC. RFIC will play an integral role, especially in 5G networks, in the production and commercialization of consumer electronic devices, next-generation base stations, and other radio access products. It is developed to reinforce the overall performance of the 5G base station in terms of high efficiency and compact form factors. Qualcomm (US), Qorvo (US), Broadcom (US), Analog Devices (US), and Samsung Electronics (South Korea) are among the top players developing RFICs for 5G communication.
Based on end use, the mobile devices segment holds the high market share
In mobile devices, 5G connectivity will majorly impact smartphones, tablets, AR and VR devices, and wearable devices, among others. Smartphones and tablets will be the key attraction in the consumer electronics market for 5G network. With the implementation of 5G network, customers can access and download data at high speed. In 5G smartphones, 5G-enabled ASICs are implemented. Increasing use of smartphones drives the demand for 5G chipsets; however, chipset manufacturers are also working on developing 5G chipsets for other mobile devices. One of the major opportunities for 5G in devices beyond smartphones is in the laptop market space.
Regional Insights:
The European region is projected to grow at a higher CAGR during the forecast period
Europe comprises some of the key countries with high adoption of Industry 4.0 and major technologies such as IoT and connected cars. The growth of these technologies is mainly dependent on connectivity, and 5G network is anticipated to play an integral role in this. The emerging application of 5G across the end-use sectors in the region is driving the deployment of 5G networks in Europe. It is expected that 5G connections will reach more than 220 million by 2025 in Europe, accounting for approximately 30% of the world’s 5G connections.
