The North America 5G Chipset Market is expected to witness market growth of 18.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $31.97 billion by 2031. The Canada market is exhibiting a CAGR of 21.3% during 2024-2031. Additionally, the Mexico market would experience a CAGR of 20.3% during 2024-2031.
A 5G chipset is an integrated circuit that supports 5G wireless communication technology, enabling devices to connect to and utilize 5G networks. These chipsets are the key hardware components that allow devices like smartphones, tablets, IoT devices, laptops, and even vehicles to access 5G's advanced features, such as higher data transfer speeds, lower latency, and enhanced connectivity compared to previous generations like 4G.
The market is an evolving and rapidly growing segment within the telecommunications and semiconductor industries, representing a crucial element in deploying and expanding 5G networks globally. The introduction of 5G technology is perceived as a revolutionary advancement in communication technology due to the increasing demand for faster data transfers, enhanced connectivity, and the proliferation of smart devices. 5G chipsets are essential components that facilitate the seamless transmission of data across the fifth-generation mobile network, supporting a wide range of applications, including enhanced mobile broadband (eMBB), massive machine-type communication (mMTC), and ultra-reliable low-latency communication (URLLC).
In Canada, the growing adoption of 5G chipsets is primarily driven by the expansion of Industrial IoT (IIoT) applications, especially in industries such as oil and gas, mining, and manufacturing. As noted in a report by the Canadian government, updated in 2020, the telecommunications industry is transitioning from fourth-generation (4G) to fifth-generation (5G) technology, which is expected to drive economic growth.
By 2026, it is anticipated that Canadian telecommunications service providers will invest approximately $26 billion in Canadian networks, and 5G technology is expected to contribute up to $40 billion annually to the Canadian economy. Furthermore, the "Pan-Canadian Health Data Strategy" aims to develop an integrated health data system relying on 5G-connected medical devices and sensors, thus increasing the demand for 5G chipsets. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
The US market dominated the North America 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 $31.97 billion by 2031. The Canada market is exhibiting a CAGR of 21.3% during 2024-2031. Additionally, the Mexico market would experience a CAGR of 20.3% during 2024-2031.
A 5G chipset is an integrated circuit that supports 5G wireless communication technology, enabling devices to connect to and utilize 5G networks. These chipsets are the key hardware components that allow devices like smartphones, tablets, IoT devices, laptops, and even vehicles to access 5G's advanced features, such as higher data transfer speeds, lower latency, and enhanced connectivity compared to previous generations like 4G.
The market is an evolving and rapidly growing segment within the telecommunications and semiconductor industries, representing a crucial element in deploying and expanding 5G networks globally. The introduction of 5G technology is perceived as a revolutionary advancement in communication technology due to the increasing demand for faster data transfers, enhanced connectivity, and the proliferation of smart devices. 5G chipsets are essential components that facilitate the seamless transmission of data across the fifth-generation mobile network, supporting a wide range of applications, including enhanced mobile broadband (eMBB), massive machine-type communication (mMTC), and ultra-reliable low-latency communication (URLLC).
In Canada, the growing adoption of 5G chipsets is primarily driven by the expansion of Industrial IoT (IIoT) applications, especially in industries such as oil and gas, mining, and manufacturing. As noted in a report by the Canadian government, updated in 2020, the telecommunications industry is transitioning from fourth-generation (4G) to fifth-generation (5G) technology, which is expected to drive economic growth.
By 2026, it is anticipated that Canadian telecommunications service providers will invest approximately $26 billion in Canadian networks, and 5G technology is expected to contribute up to $40 billion annually to the Canadian economy. Furthermore, the "Pan-Canadian Health Data Strategy" aims to develop an integrated health data system relying on 5G-connected medical devices and sensors, thus increasing the demand for 5G chipsets. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America 5G Chipset Market by Operational Frequency
Chapter 6. North America 5G Chipset Market by IC Type
Chapter 7. North America 5G Chipset Market by Product
Chapter 8. North America 5G Chipset Market by Industry Vertical
Chapter 9. North America 5G Chipset Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America 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
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