The global 5G chipset market size is anticipated to reach USD 143.69 billion by 2030, expanding at a CAGR of 20.7% from 2024 to 2030. With the increasing demand for 5G-enabled devices, there is a growing need for more powerful and efficient 5G chipsets that can support these devices. To improve performance and efficiency, many chipsets are being designed with built-in Artificial Intelligence (AI) capabilities, which allow devices to process data more quickly and accurately and make more intelligent decisions.
Additionally, there is an increasing focus on the development of specialized 5G chipsets for specific use cases, such as IoT devices, automotive applications, and virtual and augmented reality applications, which bodes well for the market growth. The rising demand for high-speed internet is a major driving force behind the growth of the market. With the increasing popularity of bandwidth-intensive applications such as high-quality video streaming, virtual and augmented reality, and cloud gaming, there is a need for faster and more reliable internet connectivity.
The 5G network is designed to provide significantly faster download and upload speeds, lower latency, and greater capacity than previous generations of wireless networks. As a result, there is a growing need for 5G chipsets that can enable high-speed internet connectivity for a wide range of devices, including smartphones, laptops, and IoT devices.
With the rollout of 5G networks in many parts of the world, consumers are increasingly looking for devices that can take advantage of the new technology. 5G smartphones offer faster download and upload speeds, lower latency, and greater capacity than previous generations of smartphones, allowing users to enjoy faster and more reliable internet connectivity. As a result, there is a growing need for 5G chipsets that can power these devices, enabling them to provide the high-speed connectivity that users demand.
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Additionally, there is an increasing focus on the development of specialized 5G chipsets for specific use cases, such as IoT devices, automotive applications, and virtual and augmented reality applications, which bodes well for the market growth. The rising demand for high-speed internet is a major driving force behind the growth of the market. With the increasing popularity of bandwidth-intensive applications such as high-quality video streaming, virtual and augmented reality, and cloud gaming, there is a need for faster and more reliable internet connectivity.
The 5G network is designed to provide significantly faster download and upload speeds, lower latency, and greater capacity than previous generations of wireless networks. As a result, there is a growing need for 5G chipsets that can enable high-speed internet connectivity for a wide range of devices, including smartphones, laptops, and IoT devices.
With the rollout of 5G networks in many parts of the world, consumers are increasingly looking for devices that can take advantage of the new technology. 5G smartphones offer faster download and upload speeds, lower latency, and greater capacity than previous generations of smartphones, allowing users to enjoy faster and more reliable internet connectivity. As a result, there is a growing need for 5G chipsets that can power these devices, enabling them to provide the high-speed connectivity that users demand.
5G Chipset Market Report Highlights
- Based on type, the RFICs segment dominated the market in 2023. The rising complexity of smartphones, which necessitates the use of additional RF transceiver ICs to support numerous antennas for features such as 4G/5G connection, Wi-Fi, Bluetooth, GPS, and NFC, is a major factor driving the segment growth.
- Based on operating frequency, the Sub-6 GHz segment dominated the market in 2023. Increasing use of Sub-6 GHz technologies to provide comprehensive coverage in urban and rural regions, since these frequency bands offer more range and penetration than higher mmWave bands, is a primary factor driving the segment growth.
- Based on processing node type, the 7 nm segment dominated the market in 2023. The increasing use of the 7 nm technology node in chip design, which offers lower power consumption, greater switching performance, and higher density, is a primary factor driving the segment growth.
- Based on deployment type, the smartphones segment dominated the market in 2023. The segment's growth is mostly attributed to the rising customer demand for mobile connection that is both quicker and more dependable.
- Based on vertical, the IT & telecommunication segment dominated the market in 2023. Significant factors influencing the segment growth include major manufacturers' extensive efforts in developing 5G chipset modules for telecom base stations, and other communication equipment’s.
- The Asia Pacific region dominated the market in 2023 owing to the rising demand for high-speed connection by consumers and the growing usage of modern technologies such as IoT, AI, and cloud computing.
- In September 2023, Qualcomm Technologies, Inc. announced an agreement with Apple Inc. to provide Snapdragon 5G Modem-RF Systems for upcoming smartphone releases spanning 2024 through 2026. This partnership reinforces Qualcomm Technologies, Inc.’s continued dominance in 5G technologies and product innovation.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. 5G Chipset Market: Methodology and Scope
Chapter 2. 5G Chipset Market: Executive Summary
Chapter 3. 5G Chipset Market: Market Variables, Trends, and Scope
Chapter 4. 5G Chipset Market: Type Estimates & Trend Analysis
Chapter 5. 5G Chipset Market: Operating Frequency Estimates & Trend Analysis
Chapter 6. 5G Chipset Market: Processing Node Type Estimates & Trend Analysis
Chapter 7. 5G Chipset Market: Deployment Type Estimates & Trend Analysis
Chapter 8. 5G Chipset Market: Vertical Estimates & Trend Analysis
Chapter 9. 5G Chipset Market: Regional Estimates & Trend Analysis
Chapter 10. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Huawei Technologies, Inc.
- MediaTek Inc.
- Intel Corporation
- Samsung Electronics Co., Ltd.
- Infineon Technologies AG
- Qualcomm Technologies, Inc.
- Unisoc Communications Inc.
- Qorvo, Inc.
- Murata Manufacturing Co., Ltd.
- MACOM
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 150 |
Published | June 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 39.32 Billion |
Forecasted Market Value ( USD | $ 143.69 Billion |
Compound Annual Growth Rate | 20.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |