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 experiencing rapid growth as the demand for high-speed, low-latency wireless communication continues to increase. 5G chipsets serve as the backbone of next-generation wireless networks, enabling ultra-fast data transfer, enhanced connectivity, and improved network efficiency across various applications, including smartphones, autonomous vehicles, IoT devices, smart cities, and industrial automation.
As industries shift towards digital transformation and IoT integration, 5G technology is revolutionizing connectivity by offering higher bandwidth, lower latency, and greater energy efficiency. The expansion of 5G infrastructure, rising adoption of edge computing, and the growing need for real-time communication are key factors driving the adoption of 5G chipsets across multiple sectors.
Market Growth Drivers:
Several factors are fueling the growth of the 5G chipset market:
- Rising Deployment of 5G Networks: Telecom operators worldwide are aggressively rolling out 5G infrastructure, boosting demand for advanced 5G chipsets.
- Increasing Demand for High-Speed Connectivity: With growing reliance on cloud computing, remote work, and video streaming, there is a surge in demand for low-latency and high-bandwidth networks.
- Expansion of IoT and Smart Devices: The proliferation of IoT-enabled devices, smart homes, and industrial automation is accelerating the adoption of 5G chipsets for seamless connectivity.
- Growth in Autonomous Vehicles and Smart Transportation: The development of self-driving cars and connected transportation systems relies heavily on real-time data processing, which 5G chipsets facilitate.
- Advancements in Semiconductor Technology: Innovations in chip design, miniaturization, and energy-efficient processing are enhancing the performance and capabilities of 5G chipsets.
Major Key Players:
- 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
- Renesas Electronics Corporation
- Samsung Electronics Co. Ltd
- Texas Instruments Inc.
- Unisoc Communications, Inc.
- Xilinx Inc.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/5g-chipset-market
Recent Developments in the 5G Chipset Market:
- Qualcomm and MediaTek Introduce Advanced 5G Chipsets for Affordable Smartphones (April 2024)
- Qualcomm and MediaTek unveiled their latest 5G chipsets designed for the mobile phone market.
- The new chipsets will power affordable smartphones, expected to launch in August 2024, within the 10,000-11,000 price range.
- MediaTek Expands Collaboration with Android Phone Brands (March 2024)
- MediaTek announced its collaboration with multiple Android smartphone manufacturers, working on over 15 new designs.
- The announcement was made at the Mobile World Congress 2024, highlighting MediaTek’s commitment to expanding its presence in the 5G smartphone segment.
- Ericsson and Intel Partner for 5G Infrastructure SoC Development (July 2023)
- Ericsson and Intel entered into a strategic partnership to develop a system-on-chip (SoC) solution tailored for 5G infrastructure.
- This collaboration aims to create highly differentiated products that enhance future 5G network performance and efficiency.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
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 at the forefront of the global shift toward high-speed, low-latency communication networks. With the rapid deployment of 5G infrastructure, increasing adoption of IoT and AI-driven applications, and continuous advancements in semiconductor technology, the market is set for significant expansion. As industries embrace real-time data processing, edge computing, and smart automation, 5G chipsets will play a critical role in shaping the future of connectivity, communication, and digital transformation.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
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