Global 5G Chipset Market to Boom $21.99 Billion Value at a CAGR of 47.1% by 2026

According to Stratistics MRC, the Global 5G Chipset market is accounted for $0.68 billion in 2017 and is expected to reach $21.99 billion by 2026 growing at a CAGR of 47.1%. Factors such as growing Iot connections, rising demand for mobile data services and high demand expected from 5G-enabled smartphones are boosting the market growth. However, high hardware cost involved in terrestrial network densification is hindering the market growth.

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Some of the key players in global 5G Chipset market include Integrated Device Technology, Samsung Electronics, Qualcomm Technologies, Xilinx, Intel, Nokia, Qorvo, Anokiwave, Infineon TechnologiesIBM, Broadcom, Macom Technology Solutions, Analog Devices, Cavium and Huawei Technologies.

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Based on end user, consumer electronics holds the significant market share. The growth is directed towards raise of 5G-enabled consumer electronic devices in the market. After the standardization of 5G network connectivity, it will be the high demand for 5G-enabled smart phones with high-speed internet connectivity. By, operational frequency, The frequency band (between 26 and 39 GHz) is leading the market during the forecast period owing to high bandwidth accessible by this spectrum and the improving participation of telecom service providers in this spectrum are propelling the growth of this frequency band.

By geography, North America is estimated to account for the largest share of the 5G chipset market due to the high demand for advanced technologies such as connected cars, machine-to-machine communication and artificial intelligence will offer vast opportunities for the market growth.

Operational Frequency Covered:
Above 39 GHz
Between 26 and 39 GHz
Sub-6 GHz

Products Covered:
Customer Premises Equipment (CPE)
Network Infrastructure Equipment
Devices

IC Types Covered:
Application-Specific Integrated Circuit (ASIC)
Millimetre Wave Integrated Circuit (mmWave IC)
Radio Frequency Integrated Circuit (RFIC)
Cellular Integrated Circuit (Cellular IC)

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