Market Research Future (MRFR) estimates that the value of the global Covid-19 Analysis on 5G Chipset Market in 2017 was USD 1.21 billion, which can reach USD 9.22 billion by 2023. The market also seems to possess the potential to attain a CAGR of 41.2% during the forecast period (2018-2023).
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Some of the leading market participants with expertise in 5G chipset include Nokia Oyj (Finland), Infineon Technologies AG (Germany), Xilinx Inc (US), Qualcomm Inc (US), Qorvo Inc (US), Integrated Device Technology Inc (US), Anokiwave (US), Samsung Electronics Co Ltd (South Korea), Intel Corporation (US), IBM Corporation (US), among others.
Some other players that contribute close to 30–35 % in the overall market for 5G chipset are Broadcom Inc (US), MACOM Technology Solutions Holdings Inc (US), Cavium Inc (US), Analog Devices Inc (US), Fujitsu Ltd (Japan), Huawei Technologies Co., Ltd (China), Hewlett Packard Enterprise Co (US), KT Corp (South Korea), Telefonaktiebolaget LM Ericsson Class B (Sweden), ZTE Corporation (China), to mention a few.
The global Covid-19 Analysis on 5G Chipset Market has been segmented with respect to type, operational frequency, product, and verticals.
Considering the type segment, the Covid-19 Analysis on 5G Chipset Market includes application-specific integrated circuit (ASIC), radio frequency integrated circuit (RFIC), millimeter-wave integrated circuit and cellular integrated circuit.
Depending on the operational frequency, the Covid-19 Analysis on 5G Chipset Market includes below 6 gHz, 26–39 gHz, and 39 and above gHz.
Product-based segments covered in the report are network infrastructure equipment and customer premise equipment.
Given the vertical segment, the Covid-19 Analysis on 5G Chipset Market covers IT & telecommunication, automotive & transportation, government, retail, industrial, healthcare, energy & utilities, and others.
Top Drivers and Key Restraints
Mounting use of devices backed by the internet has fueled the demand for a new wireless infrastructure known as 5G. Fifth-generation wireless (5G) refers to the next generation of mobile networks, which is considered superior to the current 4G LTE mobile network. The 5G networks help in expanding the broadband wireless services much beyond the mobile internet to the Internet of Things (IoT) along with important communications segments to give rise to an entirely ubiquitous connected world.
Over the coming years, 5G is touted to offer higher levels of performance and efficiency that can enrich the user experiences, apart from connecting new industries. This type of network or a platform gives way to innovations that not only expands the mobile broadband services but also helps elevate the mobile networks to back a variety of devices as well as services. With the inevitable establishment of 5G infrastructure in the near future, the Covid-19 Analysis on 5G Chipset Market offers a host of opportunities for a broad range of industries that involve connected services. Some of these industries include transportation, entertainment, retail, healthcare, education, and consumer electronics.
The Covid-19 Analysis on 5G Chipset Market also benefits from the rapid advancements in automated devices that are backed by wireless internet, such as drones, self-driving cars, home automation devices, and various other smart devices. For example, self-driving cars need extremely low latency for efficient functioning in real-time. Smart devices like smartphones need low amount of power to use the internet. Hence, the 5G network will allow smart devices to achieve high speed with low power consumption. Also, rising penetration of pervasive computing, including the trend of integrating top-quality microprocessor systems with everyday objects like smart speakers or smart locks, calls for ultrafast network speed, which is bound to induce the growth of the Covid-19 Analysis on 5G Chipset Market in the following years.
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The top regional markets for 5G chipset are North America, Asia Pacific (APAC), Europe, along with the rest of the world (RoW), comprising of Middle East, Latin America, and Africa.
The APAC market for 5G chipset is expected to be the largest in the coming years, given the rising expenditure on Internet of Things and the affordable price of mobile broadband services. In addition, manufacturers in the region are striving to create smart factories and also leverage latest technologies like machine learning, artificial intelligence (AI), automation, and augmented reality in a bid to expand their customer base, which is projected to add to the market demand in the ensuing years.
North America is considered to be a significant market for 5G chipset, with its strong growth being the result of the high adoption rate of advanced technologies. The region also houses Qualcomm, which is a leading company in smartphone communications chips, creating half of all basic baseband radio chips in smartphones. It is one of the renowned technology companies in the United States (U.S), contributing majorly to not just the North American Covid-19 Analysis on 5G Chipset Market but also at a global level. The U.S. makes sizeable investments in developing smart homes, smart industries, and smart cities. Simultaneously, the surging preference for high-graphics online gaming among consumers in the U.S, other than the fact that the country is an early adopter of self-driving cars as well as smart transportation infrastructure expands the market size in the region.
LIST OF TABLES
Table 1 Global Covid-19 Analysis on 5G Chipset Market, By Type, 2018–2023
Table 2 Global Covid-19 Analysis on 5G Chipset Market, By Operational Frequency, 2018–2023
Table 3 Global Covid-19 Analysis on 5G Chipset Market, By Product, 2018–2023
Table 4 Global Covid-19 Analysis on 5G Chipset Market, By Vertical, 2018–2023
Table 5 Global Covid-19 Analysis on 5G Chipset Market, By Region, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Covid-19 Analysis on 5G Chipset Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Covid-19 Analysis on 5G Chipset Market
FIGURE 4 Value Chain Of Global Covid-19 Analysis on 5G Chipset Market
FIGURE 5 Share Of Global Covid-19 Analysis on 5G Chipset Market In 2017, By Country (In %)
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