5G Chipset Market Size, Share, Growth, And Industry Analysis by Type (RFIC, ASIC, Cellular IC, mmWave IC, By Operation Frequency, Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz) by Application (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics, Public Safety & Surveillance) Regional Forecast From 2025 To 2033

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5G CHIPSET MARKET REPORT OVERVIEW

The global 5G Chipset Market size is USD 2.27 billion in 2024 and is expected to reach USD 90.33 billion by 2033, growing at a compound annual growth rate (CAGR) of about 50.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with 5G chipset market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A device may connect to a 5G wireless network with the help of a 5G chipset, which is a collection of integrated circuits. These chipsets are utilised in a variety of devices, including smartphones, tablets, laptops, and other internet of things (IoT) devices, and are created to function with the 5G new radio (NR) standard. A digital signal processor (DSP), an RF front-end, and a baseband processor are frequently found in 5G chipsets. Digital signal processing functions like modulation and demodulation are handled by the DSP. The radio frequency signal is handled by the RF front-end and transformed into a format that the DSP can understand. Low-level communication protocol functions, such data compression and error correction, are handled by the baseband processor.

The 5G chipset market is a rapidly growing industry as the demand for faster and more reliable wireless connections continues to increase. 5G, or fifth generation, technology promises to bring faster download and upload speeds, lower latency, and improved capacity compared to previous generations of wireless technology. Users can now experience faster data speeds with reduced latency thanks to the ongoing improvement of cellular networks. Consumer demand for video as well as company and consumer decisions to employ cloud services have been major factors in the sudden increase in data volume. The increased use of services and applications in consumer electronics and business-to-business (B2B) communication systems, which are currently using or testing data-intensive applications like AR and VR, as well as 3D and ultra-HD video content, is the main factor driving 5G chipset market size.

COVID-19 IMPACT

"The Market Had A Mixed Response As Pandemic Has Increased Demand For 5G Devices And Chipsets, It Has Also Contributed To Supply Delays"

The industrial and process sectors have been severely impacted by the COVID-19 outbreak. Unexpectedly quickly and forcefully, the economy is being frozen by nationwide lockdowns. Although COVID-19 has slowed down the adoption of 5G technology in some areas, its impact on 5G chipsets is minimal because 5G is still in its infancy in many areas. In contrast to other areas where many markets have yet to launch 5G, the bulk of the COVID-19 effect on 5G can only be observed in the Asia-Pacific region. This is because the region has already installed some of the first 5G networks. As a result, the market for 5G chipsets will see a short-term dip before quickly rebounding throughout the course of the projection period.

Additionally, COVID-19 has emphasized how critical a strong digital economy is to reducing the industrial and economic shock caused by regulatory measures. It has caused a number of companies to move all of their activities to remote servers, which calls for a fast data connection and minimal latency. Due to these reasons, the implementation of 5G services will grow, which will support the market growth of 5G chipsets during the forecast period.

LATEST TRENDS

"New Private 5G Networks Are Expected To Establish Trends In The Market's Expansion For IIOT"

To satisfy the wireless communication requirements in industrial IoT, private 5G networks are emerging. The scalability, flexibility, and coverage required to build a smart digital manufacturing facility may be provided by a private wireless solution. With the use of mobile robots, cutting-edge technologies like machine learning, AI, and cognitive analytics, IOT enables facilities to link an unprecedented amount of machines, IoT sensors, and data. Industrial networking complexity may be consolidated using a single network architecture thanks to 5G. There is a set of spectrum alternatives that will hasten the deployment of private networks. In several areas, regulators are looking into or have already given businesses the opportunity to use specialised spectrum for their own private networks; these allocations frequently focus on industrial sectors. Unlicensed spectrum is particularly appealing since new radio technologies are being developed to improve dependability in shared bands. Time synchronized sharing in an unlicensed spectrum can produce extremely predictable performance when combined with other sophisticated 5G radio capabilities.

5G CHIPSET MARKET SEGMENTATION

By Type

Depending on 5G chipset given are types: RFIC, ASIC, Cellular IC, mmWave IC, By Operation Frequency, Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz. The RFIC type will capture the maximum market share through 2033.

By Application

The market is divided in Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics, Public Safety & Surveillance based on application. The global 5G chipset market players in cover segment like Automotive & Transportation will dominate the market share during 2024-2033.

DRIVING FACTORS

"Boosting Cellular IOT Connectivity Will Drive Market Growth"

Machine-to-machine (M2M) and the Internet of Things (IoT) are predicted to be significantly impacted by 5G's speed and dependability. Greater acceptance of new M2M technologies is largely due to their improved connection for efficient communication and their low power requirements. To accomplish successful M2M communication, the current capability of mobile networks must be able to support the billions of nodes that are anticipated to proliferate over the next few of years. M2M and human-based communications, as well as their various communication patterns such lag time, cannot yet be handled by the network due to its capacity. This calls for the development of a next-generation cellular network for mobile communication that offers hyper-connectivity and increased capacity (e.g., 5G network). To improve the effectiveness of various processes and decrease human interaction with machines, M2M communication technology will be widely employed in heavy manufacturing and process sectors (such as the food industries). Thus, it is anticipated that M2M communication would boost the 5G chipset market growth.

"Broad Network Coverage And Increasing Demand For High-Speed Internet Will Drive Market Growth"

The development of 5G cellular technology is being fueled by rising demand for mobile broadband technology, high-speed data transport, and data and information processing. Additionally, it is anticipated to improve the performance of mobile networks and close the gap between low to minimum network coverage and data connectivity that is still present in current network generations (3G and 4G). Reduced latency and low power consumption are also anticipated to be the most important factors propelling the development of the 5G chipset market growth. Self-driving cars and other mission-critical applications require the decreased latency (-1 ms at high speeds) provided by 5G technology as opposed to the present 4G networks (-50 ms). Low latency is one of the most important network requirements in IoT applications including industrial automation, intelligent transportation systems, and real-time professional audio. In contrast, 5G promises to provide a variety of performance benefits, including high-speed connection (10 Gbps throughput) and 1 ms latency, to fulfil the growing demand for these applications.

RESTRAINING FACTORS

"A Barrier To Market Expansion Will Be The High Cost Of 5G Chipset For Mobile Devices"

There will undoubtedly be more 5G-capable smartphone chipsets available than there are 4G ones right now. In 2019, only high-end smartphones were equipped with first-generation 5G chipsets. 2020–2021 are anticipated to witness the mass deployment of 5G devices based on second- and third-generation chipsets. Only a small number of high-end smartphones employ Qualcomm's flagship Snapdragon 8-series SoC, which only supports 5G. By making its 7-sefies and 6-series lineups available for 5G, the business intends to greatly expand its current lineup. For mid-range smartphones, Snapdragon 765 and Snapdragon 690 are currently available. However, the business hasn't disclosed any intentions for using 4-series chipsets in less expensive phones. A far wider audience for the network technology would be provided by the addition of 5G to more cheap phones. It is anticipated that Qualcomm and MediaTek would reduce the cost of 5G chipsets for mid-range smartphones.

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5G CHIPSET MARKET REGIONAL INSIGHTS

"Increased 5G Adoption Will Broaden The Market's Appeal In North America"

North America has demonstrated a quick adoption of next-generation technology over time. The same pattern may be anticipated with 5G as well. The 5G chipset market share in the area is driven by customers' high propensity to adopt new technologies. The US has the highest active mobile user base in North America, and this number is expected to rise with the addition of new members. North America's full adoption of 5G is anticipated to increase on-demand video services. The market for these services is steadily expanding as of right now. The existence of significant market participants is the main cause of the region's 5G network growth. The US excels in R&D, funding technological innovation, and digitizing industries and businesses, which makes it easier to identify new revenue prospects in the 5G chipset market.

It is anticipated that the 5G chipset market share in APAC would expand significantly. The market in APAC is expanding primarily as a result of rising 5G-related developments (such as R&D activities, investments, and corporate alliances) in nations like Japan, China, and South Korea. In Asia Pacific, 5G has already been introduced in nine nations, and 12 more have plans to follow soon. One of the primary nations developing the 5G network infrastructure is China. Quick to organize and encourage 5G research in China, the Chinese government has done so.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List f Top 5G Chipset Companies

• Qualcomm Technologies (U.S)
• Huawei (China)
• Intel (U.S)
• Nokia (Finland)
• Samsung Electronics (South Korea)
• Xilinx (U.S)
• IBM (U.S)
• Qorvo (U.S)
• Infineon Technologies (Germany)
• Renesas Electronics Corporation (Japan)
• Anokiwave (U.S)
• Analog Devices (U.S)
• Broadcom (U.S)
• Macom Technology Solutions (U.S)
• Marvell (U.S)
• Ericsson (Sweden)
• Fujitsu (Japan)
• ZTE (China)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.