Global 5G Chipset Market size and share is currently valued at USD 23.82 billion in 2023 and is anticipated to generate an estimated revenue of USD 93.83 billion by 2032 according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 17.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The 5G chipset market is at the forefront of the global transition to fifth-generation (5G) networks, providing the foundational technology for faster, more reliable, and highly efficient connectivity. These chipsets, which are integral to smartphones, IoT devices, automotive systems, and industrial equipment, enable low latency and high-speed data transmission. As the backbone of 5G infrastructure, chipsets facilitate a wide range of applications, from enhanced mobile broadband to mission-critical communications and massive IoT deployments.
Key Trends in the 5G Chipset Market:
- Development of Energy-Efficient Chipsets
With increasing concerns about energy consumption in electronic devices, manufacturers are focusing on designing chipsets that are both powerful and energy-efficient. These advancements help extend battery life in devices and reduce operational costs in larger systems. - Adoption of mmWave Technology
Millimeter-wave (mmWave) technology is gaining traction in the 5G chipset market, enabling ultra-high-speed data transfer and low latency. This trend is particularly significant in applications like augmented reality, virtual reality, and fixed wireless access. - Focus on Multi-Mode Chipsets
Multi-mode chipsets, which support multiple generations of network technology (e.g., 4G and 5G), are becoming increasingly popular. They provide seamless connectivity and are crucial for regions transitioning from 4G to 5G. - Emergence of AI-Integrated Chipsets
The integration of artificial intelligence (AI) capabilities in 5G chipsets is a growing trend. AI-powered chipsets enhance device performance, optimize network usage, and enable advanced features such as predictive maintenance and intelligent decision-making.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/5g-chipset-market/request-for-sample
Some of the major players operating in the global market include:
- Analog Devices Inc.
- Anokiwave Inc
- Broadcom Inc.
- Huawei Technologies Co. Ltd
- IBM Corporation
- Infineon Technologies AG
- Integrated Device Technology
- Intel Corporation
- Marvell Technology
- MediaTek Inc.
- Nokia Corporation
- NXP Semiconductors NV
- Qorvo Inc.
- Qualcomm Incorporated
Recent Developments
- April 2024: Qualcomm and MediaTek introduced their latest advanced 5G chipsets aimed at the mobile phone market. These chipsets will power devices set for launch in August 2024, offering high-performance 5G capabilities within an affordable price range of $10,000–11,000.
- March 2024: MediaTek announced its collaboration with every major Android phone brand, showcasing over 15 designs during the Mobile World Congress 2024. This partnership highlights MediaTek’s pivotal role in driving innovation and expanding 5G adoption in the Android ecosystem.
- July 2023: Ericsson and Intel entered into a strategic partnership to develop a specialized system-on-chip (SoC) tailored for Ericsson’s 5G offerings. This collaboration aims to deliver highly differentiated products, enhancing the performance and capabilities of future 5G infrastructure.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The 5G Chipset Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
5G Chipset Processing Node Type Outlook (Revenue – USD Billion, 2019 – 2032)
- 7 nm
- 10 nm
- Others
5G Chipset Frequency Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Sub 6 GHz
- 24-39 GHz
- Above 39 GHz
5G Chipset IC Type Outlook (Revenue, USD Billion, 2019 – 2027)
- Application-Specific Integrated Circuits (ASIC)
- Radio Frequency Integrated Circuit (RFIC)
- Millimeter Wave Technology Chips (mmWave IC)
- Cellular Integrated Circuit (Cellular IC)
- Others
5G Chipset Deployment Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Telecom Base Station equipment
- Smartphones/Tablets
- Connected Vehicles
- Connected Devices
- Broadband Access Gateway Devices
- Others
5G Chipset Vertical Outlook (Revenue – USD Billion, 2019 – 2032)
- Manufacturing
- Media & Entertainment
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- IT & Telecom
- Others
The 5G chipset market is driving a new era of connectivity, enabling transformative applications across various industries. With continuous advancements in technology and widespread adoption of 5G networks, the market is poised for significant growth. As industries and consumers alike embrace the benefits of 5G, the demand for high-performance, energy-efficient, and AI-powered chipsets will continue to rise, shaping the future of global communication and connectivity.