The Brazil market dominated the LAMEA 5G Chipset Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.13 billion by 2031. The Argentina market is capturing a CAGR of 23.3% during 2024-2031. Additionally, the UAE market would register a CAGR of 21.4% during 2024-2031.
The automotive industry is another area where the 5G chipset market is experiencing growth. The concept of connected vehicles and autonomous driving relies heavily on low-latency, high-speed communication, made possible by 5G technology. Vehicle-to-everything (V2X) communication, which includes vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-network (V2N), requires fast and reliable data transmission to ensure safe and efficient operation. 5G chipsets are essential for enabling these communications, providing the bandwidth and latency levels to support advanced driver assistance systems (ADAS), infotainment, and real-time traffic management.
The market's expansion is not without its obstacles, however. One of the primary obstacles is the high cost associated with developing and manufacturing 5G chipsets. The complexity of 5G technology, which requires support for multiple frequency bands, advanced signal processing capabilities, and high-power efficiency, makes the design and production of 5G chipsets significantly more expensive than their 4G predecessors. This high cost is often passed on to consumers, making 5G-enabled devices more expensive and limiting their adoption, particularly in developing markets with high-cost sensitivity.
In South Africa, the adoption of 5G technology for industrial automation is gaining momentum, largely due to government-backed programs like the Industrial Policy Action Plan (IPAP), which aims to modernize the country's manufacturing sector. Integrating 5G connectivity into industrial processes enables the deployment of smart factories, where machines and equipment can communicate seamlessly, facilitating real-time decision-making and improving operational efficiency. Therefore, as industries increasingly embrace digital transformation, the demand for 5G chipsets that support these automation technologies is on the rise, contributing significantly to the overall market growth in the region.
List of Key Companies Profiled
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Broadcom, Inc.
- Intel Corporation
- Nokia Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Qorvo, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Infineon Technologies AG
- Marvell Technology, Inc.
- NXP Semiconductors N.V.
Market Report Segmentation
By Operational Frequency- Sub 6GHz
- Between 26 & 39 Ghz
- Above 39 Ghz
- ASIC
- RFIC
- Cellular IC
- mmWave IC
- Devices
- Customer Premises Equipment
- Network Infrastructure Equipment
- Consumer Electronics
- Automotive & Transportation
- Industrial Automation
- Energy & Utilities
- Healthcare
- Retail
- Other Industry Vertical
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Companies Mentioned
Some of the key companies profiled in this LAMEA 5G Chipset Market include:- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Broadcom, Inc.
- Intel Corporation
- Nokia Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Qorvo, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Infineon Technologies AG
- Marvell Technology, Inc.
- NXP Semiconductors N.V.
Methodology
LOADING...