Global 5G Chipset Market Research Report: By Type (Modems, RFICs, and Others), By Operating Frequency (Sub-6 GHz, 24-39 GHz, and Above 39 GHz), By Processing Node Type (7 nm, 10 nm, and Others), By Deployment Type (Telecom Base Station Equipment, Smartphones/Tablets, Connected Vehicles, Connected Devices, Broadband Access Gateway Devices, and Others), By Industry Vertical (Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
The global 5G chipset market was USD 32.40 billion in 2022, and is predicted to reach approximately USD 147.03 billion by 2031, at a CAGR of 18.3% from 2023 to 2031. A 5G chipset is an integrated circuit that empowers various devices to establish connections and communicate through the fifth-generation (5G) wireless network. Found in smartphones, tablets, IoT devices, and other wireless gadgets, it plays a pivotal role. The 5G chipset integrates cutting-edge technologies that enable faster data speeds, reduced latency, and increased network capacity compared to previous generations. It supports multiple frequency bands, including sub-6 GHz and mm Wave bands, and incorporates techniques such as beamforming and massive MIMO to enhance coverage and signal strength. Moreover, the chipset includes security measures to ensure data privacy and protection. With the introduction of 5G chipsets, users can enjoy improved mobile connectivity, real-time applications, and the potential for transformative technologies like autonomous vehicles, remote surgery, and smart cities.
5G CHIPSET MARKET: REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
32.40 Bn |
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Projected Market Value (2031) |
147.03 Bn |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Type, By Operating Frequency, By Processing Node Type, By Deployment Type, By Industry Vertical, & Region |
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Segments Covered |
By Type, By Operating Frequency, By Processing Node Type, By Deployment Type, By Industry Vertical, & Region |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global 5G Chipset Market Dynamics
The primary catalyst behind this trend is the increasing requirement for high-speed and low-latency connectivity. As bandwidth-intensive applications such as video streaming, virtual reality, and IoT devices gain popularity, the necessity for faster and more dependable networks has skyrocketed. The rising prevalence of 5G-enabled smartphones and devices has further propelled the demand for 5G chipsets. As consumers strive to upgrade their devices in order to harness the enhanced capabilities of 5G networks, there exists a substantial market opportunity for chipsets that facilitate seamless 5G connectivity. The advancement of sophisticated technologies like autonomous vehicles, smart cities, and industrial automation relies heavily on 5G networks, thereby intensifying the need for 5G chipsets.
Global 5G Chipset Market Drivers
The increasing adoption of bandwidth-intensive applications such as video streaming, virtual reality, and IoT devices has fueled the need for faster and more reliable networks. 5G chipsets enable enhanced data speeds and reduced latency, meeting the requirements of these demanding applications.
Restraints:
Designing and manufacturing 5G chipsets involve substantial costs due to the complex nature of the technology. This can pose a challenge for smaller chip manufacturers or companies entering the market, as they may struggle to compete with established players who have greater resources and expertise.
Opportunities:
As 5G networks continue to expand globally, there is a significant opportunity for chip manufacturers to supply the increasing demand for 5G chipsets. This includes both the deployment of 5G networks in developed regions as well as the expansion of 5G coverage in emerging markets.
Segment Overview
By Type
Based on the type, the global 5G chipset market is segmented into modems, RFICs, and others. The RFICs segment is dominating the market with the largest revenue share of around 42.6% in 2022. RFICs are essential components of wireless communication systems because they transform digital signals into radio frequency signals for transmission and vice versa. They're common in 5G devices and infrastructure, such as smartphones, base stations, and other wireless devices. RFICs provide 5G network functionalities such as signal amplification, filtering, and modulation/demodulation. They are in charge of providing high-speed data transfer and minimal latency through effective and dependable wireless connection. The growing requirement for higher frequency bands in 5G networks, such as mmWave, necessitates the use of upgraded RFICs capable of handling these frequencies.
By Deployment
Based on the deployment type, the global 5G chipset market is segmented into telecom base station equipment, smartphones/tablets, connected vehicles, connected devices, broadband access gateway devices, and others. The smartphones segment is dominating the market with the largest revenue share of around 46.3% in 2022. Smartphones are a major driver of 5G adoption, as users seek to upgrade their handsets to take advantage of the expanded capabilities provided by 5G networks. As a result, 5G chipsets are in high demand to power these smartphones and allow continuous communication. Smartphone makers have aggressively incorporated 5G capabilities into their flagship products, resulting in a robust market for 5G chipsets.
By Processing Node
Based on processing node type, the global 5G chipset market is segmented into 7 nm, 10 nm, and others. The 7 nm segment is dominating the market with the largest revenue share of around 34.5% in 2022. It provides benefits like as greater performance, lower power consumption, and increased transistor density. These advantages are critical for addressing the requirements of 5G technology, which necessitates quicker data processing, higher bandwidth, and enhanced energy efficiency. The dominance of the 7 nm category is due to its ability to offer chipsets that match the strict criteria of 5G networks, enabling increased connection, lower latency, and additional functionality in smartphones, IoT devices, and other wireless applications.
Global 5G Chipset Market Overview by Region
By Region, the global 5G Chipset Market has been categorized into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominated the market with around 39.2% of revenue share in 2022. The region is home to some of the world's largest and fastest-growing economies, including India, Japan, China, and South Korea. These nations have made major investments in 5G infrastructure, resulting in a solid market for 5G chipsets. The area has a large population and a high smartphone penetration rate, which drives demand for 5G-enabled devices and, as a result, increases demand for 5G chipsets. Furthermore, the region has a strong manufacturing base, making it a hub for smartphone manufacture, which fuels the adoption of 5G chipsets.
Global 5G Chipset Market Competitive Landscape
In the global 5G chipset market, a small number of prominent players hold significant market dominance and have established a strong regional presence. These key participants are committed to ongoing research and development initiatives. Additionally, they actively engage in strategic growth endeavors such as product development, product launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position and expand their customer base to capture a substantial share of the market.
The key players in the global 5G chipset market include MediaTek Inc., Huawei Technologies, Inc., Intel Corporation, Samsung, Infineon Technologies AG, Qualcomm Technologies, Inc., Nokia Corporation, Unisoc Communications Inc., Qorvo, Inc., Anokiwave, Inc., Xilinx, Renesas Electronics Corporation, NXP Semiconductors NV, Analog Devices Inc., and various other key players.
Global 5G Chipset Market Recent Developments
In February 2023, Qualcomm Technologies, Inc. has launched the Snapdragon X75, their latest 6th generation 5G radio frequency modem. The Snapdragon X75 5G modem's main selling point is its capability for 5G-Advanced (5G-A), a network technology that outperforms ordinary 5G connections. With this, the users may enjoy increased benefits like as greater bandwidth and lower latency with 5G-A, opening the door for a diverse variety of innovative applications for both consumers and corporations.
Scope of the Global 5G Chipset Market Report
5G Chipset Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Type |
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By Operate Frequency |
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By Processing Node Type |
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By Deployment Type |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the global 5G chipset market segmented by type, by operating frequency, by processing node type, by deployment type, by industry vertical, region, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of 5G chipset between 2019 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global 5G chipset market
To find out the factors which are affecting the sales of 5G chipset among consumers
To identify and understand the various factors involved in the global 5G chipset market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
