The North America 5G Modems Market is expected to witness market growth of 27.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America 5G Modems Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.41 billion by 2031. The Canada market is experiencing a CAGR of 29.4% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 29.2% during 2024-2031.
The 5G modems market refers to the segment of the telecommunications industry that focuses on developing, producing, and distributing modems and chipsets designed to enable devices to connect to 5G (fifth generation) wireless networks.
Additionally, 5G modems are essential components embedded in various consumer electronics such as smartphones, tablets, laptops, IoT devices, and industrial equipment, enabling them to access high-speed internet, low-latency communication, and advanced wireless services offered by 5G networks.
The rapid evolution of telecommunications technology has brought about significant advancements, particularly in mobile network connectivity. In Canada, the growing availability of 5G networks represents a transformative opportunity for consumers and businesses alike. This transformation is supported by various factors, including high LTE coverage, widespread broadband access, increasing smartphone usage, and a strong governmental push for digital infrastructure improvements. Together, these elements indicate a promising trajectory for the growth of the 5G modems market in Canada.
The US market dominated the North America 5G Modems Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.41 billion by 2031. The Canada market is experiencing a CAGR of 29.4% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 29.2% during 2024-2031.
The 5G modems market refers to the segment of the telecommunications industry that focuses on developing, producing, and distributing modems and chipsets designed to enable devices to connect to 5G (fifth generation) wireless networks.
Additionally, 5G modems are essential components embedded in various consumer electronics such as smartphones, tablets, laptops, IoT devices, and industrial equipment, enabling them to access high-speed internet, low-latency communication, and advanced wireless services offered by 5G networks.
The rapid evolution of telecommunications technology has brought about significant advancements, particularly in mobile network connectivity. In Canada, the growing availability of 5G networks represents a transformative opportunity for consumers and businesses alike. This transformation is supported by various factors, including high LTE coverage, widespread broadband access, increasing smartphone usage, and a strong governmental push for digital infrastructure improvements. Together, these elements indicate a promising trajectory for the growth of the 5G modems market in Canada.
List of Key Companies Profiled
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- MediaTek, Inc.
- Infineon Technologies AG
- Nokia Corporation
- Qorvo, Inc.
- Ericsson AB
- Fujitsu Limited
- ZTE Corporation
Market Report Segmentation
By Mode- Single-Mode
- Multimode
- Internal/Integrated
- 10nm
- 14nm
- 20nm
- 28nm
- Other Internal/Integrated Types
- External
- Mobile & Tablets
- Wearable
- Automotive
- Virtual Reality
- Other Applications
- 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 Modems Market by Mode
Chapter 6. North America 5G Modems Market by Modem Type
Chapter 7. North America 5G Modems Market by Application
Chapter 8. North America 5G Modems Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America 5G Modems Market include:- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- MediaTek, Inc.
- Infineon Technologies AG
- Nokia Corporation
- Qorvo, Inc.
- Ericsson AB
- Fujitsu Limited
- ZTE Corporation
Methodology
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