The global 5G processor market is expected to cross USD 18.5 billion in 2025 growing at a CAGR of 18.3%.
By Spectrum: The global 5G processor market is divided into Gigabit LTE spectrum and the mmWave spectrum. The Gigabit LTE spectrum offers download speeds of up to 1000 Mbps, the highest in the market so far. This spectrum requires heavy investment in its supporting infrastructure for it to be able to perform at its peak efficiency. It is also more expensive than its alternatives. It is used for critical applications where data transfer occurs within a small area. The mmWave spectrum is the largest market in this segment. It cannot match up to the speed provided by Gigabit LTE spectrum, but it is more affordable and ideal for applications where high transfer speeds are not a critical requirement. This spectrum has very short wavelengths in the range of 30–300 GHz which makes it susceptible to moisture and building blockage. However, its short wavelength means it can be picked up by short antennas and then beamed for transmission over long distances. The mmWave spectrum is fast enough to allow HD streaming for videos and for efficient downloads.
By End-User: The largest market by end user is the telecommunications industry due to the growth in the 5G processor mobile market. 5G processors will find extensive use in the mobile and smartphone market due to their speed and efficiency and because they are the natural successor to 4G processors. With manufacturing industries increasingly automating their production facilities, there is a growing demand for communication between the different machines within a plant and its human supervisors. This is driving the 5G processor market for manufacturing. The advent of self-driving cars within the automotive industry necessitates the use of processors which can transmit and receive high amounts of data in a short duration between the vehicle and its remote driving mechanism. It also enhances the connectivity between smart devices due to its fast transmission speeds, enabling a more cohesive interconnection between them. This finds application in the IoT segment and the consumer segment.
5G processors are classified into two major classes based on the spectrum of operation. They are the Gigabit LTE and mmWave LTE enabled 5G processors. The Gigabit LTE enabled processors offer exceptional speed, with a 1000 Mbps peak download speed. These processors make high data exchange over short duration high viable. To illustrate, Gigabit LTE allows quick access to the oldest pictures that is uploaded on cloud. Their execution requires firm infrastructural support and are costly. The mmWave enabled 5G processor operate with the frequency range of 30 to 300 GHz. Hence, are mmWave 5G processors are observed to be ideal for high speed wireless driven communications, such as 4K video streaming, and related wireless applications. The major advantage of mmWave enabled 5G processor over Gigabit 5G processors is that due to their shorter wavelength they can be propagated over long distance by using short distance. The high sales of mmWave enabled 5G processors can catalyse the growth of the global market of 5G processors across the forecast period. The extensive utility of the processor by cash-rich telecommunication and automobile industries can contribute to the emerging market.
5G Processor Market is likely to cross USD 18.5 billion in 2025 growing at a CAGR of 18.3%, Global…
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