December 5, 2019

5G Chipset Market is expected to demonstrate a CAGR of 43.5% by 2030

The Global 5G Chipset Market size is estimated to be USD 1.25 billion in 2019 and is predicted to reach USD 66.42 billion by 2030 with a CAGR of 43.5% from 2020-2030. 5G Chipset is an integrated circuit which is set of electronic components which allows the flow of information for proper functioning. 5G is the fifth generation of chipset which allows the fastest data transfer and information processing. These chipsets are mostly used in telecommunication for 5G networks and in IT industry for data processing on a large level.

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There have been significant developments taken place in the market in terms of technology and infrastructure over the forecast period. Furthermore, increased demand of wireless infrastructure coupled with rapid developing mobile networks and generations are further expected to accelerate the 5G chipset market in the near future.

The other factors include increased demand of efficient communication and increasing demand of work efficiency coupled with increase in broadband networks is further expected to promote the market growth. Furthermore, increased use of IoT and increased of smart devices, increased automation are further expected to augment the market growth. However, high cost of these chipsets and challenges in technical design are expected to hamper the market growth. Moreover, wide application indifferent industries coupled with satellite communication and increase in strategic partnerships in the market is expected to create numerous opportunities in the 5G chipset market.

Market Segmentations and Scope of the Study:

The global 5G chipset market share is analyzed on the basis of product, IC type, operational frequency, industry vertical, and geography. On the basis of product, the market is segmented into Devices, Customer Premises Equipment, and Network Infrastructure Equipment. On the basis of IC type, the market is divided into ASIC, RFIC, Cellular IC, and mmWave IC. On the basis of Operational frequency, the market is divided into Sub 6GHz, Between 26 & 39 Ghz, and Above 39 Ghz. On the basis of industry vertical, the market is divided into Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Consumer Electronics, Industrial Automation, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to hold the major market share over the forecast period owing to the increased demand of automation coupled with increased demand of developed infrastructure. Furthermore, increase in automation, and increasing network of broadband and telecommunication is further expected to promote the market growth.

Asia Pacific is expected to show rapid growth with gradual increase in market share owing to the increase in smart cities, increase in communication sector with increased use of smart devices and IoT and others are also expected to support the growth of G chipset market in the near future.

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The 5G chipset market, which is highly competitive, consists of various market players. Some of the major market players include Qualcomm Technologies Inc., Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd, Integrated Device Technology Inc., MediaTek Inc., Qorvo Inc., Nokia Corporation, MACOM Technology Solutions Holdings Inc., Xilinx Inc., Advanced Micro Devices, Inc., Broadcom Inc., Anokiwave Inc., Cavium Inc., Infineon Technologies AG, NXP Semiconductors NV, Analog Devices, Inc., Intel Corporation, and Texas Instruments, Inc. among others.

Over the period of time there have been various developments taken place and will further take place in near future. For instance, in February 2019, Broadcom Inc. has announced the completion of its 5G switching portfolio, designed to enable the deployment of end-to-end networks that consolidate all radio and fixed-line traffic onto a standard, Ethernet-based infrastructure. The six devices that make up this portfolio – Monterey, Quartz, Qumran2a, Jericho2, Jericho2c and Ramon – are designed for switches with capacities greater than 100 Tbps and offer the complete feature set needed to meet the stringent performance demands of new Ethernet-based 5G New Radios (NR) and base stations.