5G Chipset Market to Reach $22,929.0 Million, Globally, by Top Companies Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Qorvo, and Infi

The global 5G Chipset market size is expected to be $2,120.0 million in 2020, and is projected to reach $22,929.0 million by 2026, registering a CAGR of 48.7% from 2020 to 2026. Asia-Pacific is expected to be the highest contributor to the global market, with $752.6 million in 2020, and is estimated to reach $8,713.0 million by 2026, registering a CAGR of 50.5% during the forecast period.

5G chipset market analysis mainly comprises of component in consumer devices, customer premise equipment, and network infrastructure equipment, which allows the end-user to form the wireless network based on 5G standards.

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Proliferation of devices using the internet boosts the demand for an entirely new wireless infrastructure called 5G. Fifth generation wireless (5G) is described as the next generation of mobile networks beyond the current 4G LTE mobile network. These networks expand broadband wireless services beyond mobile internet to Internet of Things (IoT) and critical communications segments to enable a perceived fully ubiquitous connected world. 5G is expected to deliver new levels of efficiency and performance empowering new user experiences and connection of new industries. It is a kind of network or a platform for innovations that is expected to not only improve mobile broadband services but also facilitate the expansion of mobile networks to support different devices and services.

The significant advantages of 5G network would be its low latency and greater bandwidth. Bandwidth is defined as the width of a communication band. Higher bandwidth allows more amount of data that can flow through the network simultaneously, while lower latency enables the time taken to travel from one point to another in minimum amount of time. The latency of the 5G network is expected to be as low as 1mS. Moreover, other favorable characteristics of 5G include very high coverage, low power consumption for mobile phones as well as IoT devices, and maximum availability of the network. Increase in usage of mobile broadband is expected to drive the growth of the 5G chipset market. The demand for higher internet speed by the consumers which is met by the 5G network along with increase in demand for mobile data services is expected to remarkably boost the 5G chipset market growth.

The 5G chipset industry market is anticipated to witness a growth in demand owing to rapid development in automated devices, which depend on wireless internet such as self-driving cars, drones, home automation devices, and other smart devices. For instance, self-driving cars require very low latency to function efficiently in real time. The smart devices such as smartphones require consumption of power to access the internet. 5G network is expected to enable the smart devices to access this speed with minimum power consumption. Also, increase in the penetration of pervasive computing, which includes the rise in trend of embedding high performance microprocessor systems into everyday objects, such as smart locks or smart speakers fuel the need of ultrafast network speed, thereby driving the need of 5G chipset. 5G network is expected to operate with the following frequency rangesfrequency with less than equal to 6 Ghz and very high frequencies ranging above 6 GHz to 100 GHz. known as millimeter wave spectrum.

As 5G network operates in different frequency spectrums, complexity in obtaining spectrum harmonization restrains the growth of the market. Moreover, the establishment of 5G standard requires very high infrastructure cost in deployment of multiple low-power base stations (small cells) to meet the growth in demand for higher network capacity. This is expected to restrict the market growth in the early stages but is expected to grow at a higher rate with time as services get cheaper. On the other hand, integration of 5G services with satellite communication and increase in strategic partnerships with system integrators in developing economies provide lucrative growth opportunities for the market.

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The top players profiled in the market are Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Qorvo, and Infineon Technologies AG.

The 5G chipset market is segmented by IC type, operational frequency, product, industry vertical, and region. Based on IC type, the market is divided into radio frequency integrated circuit (RFIC), application-specific integrated circuit (ASIC), cellular integrated circuit (Cellular IC), and millimeter wave integrated circuit (mmWave IC). Based on operational frequency, it is segmented into sub-6 GHz, between 26 & 39 GHz, and above 39 GHz. Based on product, it is classified into devices, customer premises equipment (CPE), and network infrastructure equipment. Based on industry vertical, the market is bifurcated into automotive & transportation, energy & utilities, healthcare, retail, consumer electronics, industrial automation and others. Further, the market by region is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

M2M connections are the technologies that typically use sensors to capture data and provide critical input to various types of machines to perform different tasks. These technologies require high bandwidth throughput and extremely low latency for higher performance. Increase in number of applications, which require M2M connections are real-time shipping, smart logistics, autonomous driving, immersive commerce, drone delivery, flexible manufacturing, immersive entertainment, disaster management, and precision agriculture. Some of the applications, such as drone delivery are at a nascent stage. Drone application is expected to be used significantly with the evolution of 5G network, which in turn is expected to offer huge 5G chipset market opportunity.

According to the International Telecommunications Union, 70% of the total global youth (15-24) population are accessing the internet. Also, in the developed countries, 90% of the total young population is using the internet. Mobile broadband subscriptions grew with the annual growth rate of more than 20% in the last six years and reached 4.3 billion globally by end of 2017. The primary reason for such a huge adoption in mobile broadband services was the affordable price. The average subscription price of mobile broadband was 0.7% of the Gross National Income (GNI) per capita in the developed economies while it was 4.3% of the world GNI per capita in the under-developed economies. Thus, numerous initiatives are being made in expanding internet access through the increased availability of broadband network. For instance, 5G standard network is expected to significantly affect the growth of mobile broadband users.

Table of Content:

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS (2020)
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Proliferation of M2M/IoT connections
3.5.1.2. Increase in demand for mobile broadband services

3.5.2. Restraint

3.5.2.1. High investment and Technological & Infrastructure challenges in the implementation of 5G network
3.5.2.2. Privacy and Security Concern

3.5.3. Opportunities

3.5.3.1. Rise in government initiatives for building smart cities in Asia-Pacific

Chapter: 4: 5G CHIPSET MARKET, BY IC TYPE

4.1. OVERVIEW
4.2. ASIC

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. RFIC

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. CELLULAR IC

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

4.5. MMWAVE IC

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country

Chapter: 5: 5G CHIPSET MARKET, BY OPERATIONAL FREQUENCY

5.1. OVERVIEW
5.2. SUB 6GHZ

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. BETWEEN 26 & 39 GHZ

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. ABOVE 39 GHZ

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

Chapter: 6: 5G CHIPSET MARKET, BY PRODUCT

6.1. OVERVIEW
6.2. DEVICES

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country

6.3. CUSTOMER PREMISES EQUIPMENT

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country

6.4. NETWORK INFRASTRUCTURE EQUIPMENT

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country

Chapter: 7: 5G CHIPSET MARKET, BY INDUSTRY VERTICAL

7.1. OVERVIEW
7.2. AUTOMOTIVE & TRANSPORTATION

7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis by country

7.3. ENERGY & UTILITIES

7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis by country

7.4. HEALTHCARE

7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis by country

7.5. RETAIL

7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market analysis by country

7.6. CONSUMER ELECTRONICS

7.6.1. Key market trends, growth factors and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market analysis by country

7.7. INDUSTRIAL AUTOMATION

7.7.1. Key market trends, growth factors and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market analysis by country

7.8. OTHERS

7.8.1. Key market trends, growth factors and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market analysis by country

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