5G Chipset Global Market Report 2024

A 5G chipset, also referred to as a data flow management system, is an integrated circuit comprising electronic components. It plays a pivotal role in enhancing 5G devices by facilitating connectivity to the next-generation network, enabling the transmission of 5G packets, and effectively managing information flow.

The key categories of integrated circuits found within the 5G chipset encompass Radio Frequency Integrated Circuits (RFIC), Application-Specific Integrated Circuits (ASIC), Cellular Integrated Circuits (Cellular IC), and Millimeter-Wave Integrated Circuits (MMWAVE IC). Radio Frequency Integrated Circuits (RFIC) are specifically utilized in mobile phones and wireless devices. These circuits, functioning as analog circuits, typically operate within the frequency range of 3 kHz to 2.4 GHz (3,000 hertz to 2.4 billion hertz). Diverse operational frequencies, including sub-6 GHz, between 26 and 39 GHz, and above 39 GHz, are employed across various sectors such as manufacturing, energy and utilities, media and entertainment, IT and telecom, transportation and logistics, healthcare, and others.

The 5G chipset market research report is one of a series of new reports that provides 5G chipset market statistics, including 5G chipset industry global market size, regional shares, competitors with a 5G chipset market share, detailed 5G chipset market segments, market trends and opportunities, and any further data you may need to thrive in the 5G chipset industry. This 5G chipset market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The 5g chipset market size has grown exponentially in recent years. It will grow from $12.87 billion in 2023 to $17.2 billion in 2024 at a compound annual growth rate (CAGR) of 33.7%. The expansion observed during the historical period can be attributed to several factors. These include the evolution of mobile communication standards, a rising need for higher data transfer rates, the widespread adoption of Internet of Things (IoT) devices, the surge in demand for mobile broadband services, and advancements in the development of smart cities and connected infrastructure.

The 5g chipset market size is expected to see exponential growth in the next few years. It will grow to $51.95 billion in 2028 at a compound annual growth rate (CAGR) of 31.8%. The anticipated growth in the forecast period can be ascribed to several factors, including the widespread adoption of 5G in industrial automation and IoT, the expansion of 5G networks to enhance mobile connectivity, an increasing demand for low-latency and high-bandwidth applications, the integration of 5G into autonomous vehicles and smart transportation systems, and the growing deployment of 5G in rural and remote areas. Noteworthy trends in the forecast period encompass the emergence of mmWave technology in 5G chipsets, the development of energy-efficient and compact 5G chipsets, the integration of artificial intelligence (AI) into 5G chipset design, a focus on open RAN (Radio Access Network) architectures, and the implementation of 5G chipsets for fixed wireless access (FWA).

The substantial increase in mobile data traffic is a key driver for the growth of the 5G chipset market. Mobile data traffic represents the volume of data transmitted across a network throughout the entire internet at a specific moment. The expanding mobile data usage necessitates enhanced mobile network performance and data connectivity. These requirements are anticipated to persist in future 5G network iterations, thereby fostering the advancement of 5G chipsets. As an illustration, the Ericsson Mobility Report, a telecommunications company based in Sweden, projects global mobile data traffic to reach 288EB per month by 2027, marking a growth of approximately 4.4 times. Consequently, the escalating mobile data traffic is expected to drive the ongoing growth of the 5G chipset market.

The increasing reliance on the internet is poised to propel the expansion of the 5G chipset market. The internet, denoting interconnected computer networks and devices utilizing standardized protocols for data and information exchange, serves as the foundation for 5G networks. 5G chipsets, as the backbone of this technology, facilitate faster and more reliable wireless communication, crucial for applications ranging from mobile devices to IoT and smart cities. The transition to 5G connectivity is generating heightened demand for 5G chipsets. For instance, data from Meltwater, a Netherlands-based software company, reveals a surge of 224 thousand (+0.3 percent) internet users in the UK between 2022 and 2023, totaling 66.11 million users overall. Thus, the escalating internet usage is steering the growth of the 5G chipset market.

The predominant trend gaining traction in the 5G chipset market is product innovation. Major players in the market are actively developing inventive products to foster market expansion. As an example, in June 2021, Samsung Electronics, a South Korea-based electronics company, introduced 3GPP Rel. 16 compliant chipsets - a suite of next-generation 5G chipsets featuring cutting-edge 5G technologies. This innovative lineup includes a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These components are designed to enhance power efficiency, elevate performance, and reduce the overall size of 5G solutions.

Prominent companies within the 5G chipset market are directing their efforts towards pioneering advancements to deliver dependable services to their customers. These innovations in 5G chipsets revolve around the creation of highly efficient, compact, and high-performance semiconductor solutions that drive the evolution of wireless communication networks for the next generation. These developments enable faster data speeds, reduced latency, and support a diverse array of devices and applications. An example of such innovation is seen in MediaTek Inc., a Taiwan-based semiconductor company, which, in May 2023, unveiled the Dimensity 9200+ 5G chipset. This chipset is specifically tailored for smartphones and features an integrated sixth-generation artificial intelligence (AI) processing unit (APU 690) for effective noise reduction. It introduces the first 64-bit Armv9 (Arm version 9) performance cores for smartphones, optimizing flagship experiences through ultimate performance.

In a significant move in February 2022, Advanced Micro Devices, Inc., a US-based semiconductor company, successfully acquired Xilinx Inc., a US-based semiconductor company known for providing 5G chipsets, for an undisclosed amount. This strategic acquisition aligns with Advanced Micro Devices, Inc. 's objective of broadening its portfolio, encompassing central processing units (CPUs), graphics processing units (GPUs), field programmable gate arrays (FPGAs), and Adaptive System-on-Chips (SoCs). The aim is to offer high-performance and adaptive computing solutions, consolidating the company's position in the dynamic landscape of advanced semiconductor technologies.

Major companies operating in the in the 5g chipset market report are Qorvo Inc., Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., UNISOC Communications Inc., Intel Corporation, MediaTek Inc., Infineon Technologies AG, Xilinx Inc., NOKIA CORPORATION, Skyworks Solutions Inc., NXP Semiconductors, Advanced Micro Devices Inc., International Business Machines Corporation, Broadcom Inc., Marvell Technology Group Ltd., Analog Devices Inc., Renesas Electronics Corporation, Fujitsu Limited, Integrated Device Technology Inc., Texas Instruments Incorporated, STMicroelectronics N. V., Murata Manufacturing Co. Ltd., Cavium Inc., MACOM Technology Solutions Holdings Inc., Anokiwave Inc., Sequans Communications S. A., MaxLinear Inc., Inseego Corp., Sierra Wireless Inc., Telit Communications PLC, Quectel Wireless Solutions Co. Ltd., Fibocom Wireless Inc.

Asia-Pacific was the largest region in the 5G chipset market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5g chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the 5g chipset market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The 5G chipset market consists of revenues earned by entities by providing devices and solutions to 5G wireless communication with enhanced network coverage and higher data speed. The market value includes the value of related goods sold by the service provider or included within the service offering. The 5G chipset market also includes sales of radio frequency ICs (RFICs), system-on-chips (SoCs), application-specific integrated circuits (ASICs), cellular ICs, and millimeter-wave (mmWave) ICs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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