5G Chipset Market - Growth & Industry Revenue By Top Key Players Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Qorvo, and Infineon Tec

According to a recent report published by Allied Market Research, titled,"5G Chipsets Market by IC Type, Operational Frequency, Product and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020 - 2026,"the global 5G Chipsets market is expected to be $2,120.0 million in 2020, and is projected to reach $22,929.0 million by 2026, growing at a CAGR of 48.7% from 2020 to 2026.

Asia-Pacific is expected to dominate the market, followed by North America. In 2020, the U.S. is expected to dominate the North America market and Germany is expected to lead the overall market in Europe. While, in Asia-Pacific, China is expected to dominate the market.

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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 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.

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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.

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.

Key Benefits for 5G Chipset Market:

• This study comprises an analytical depiction of the global 5G chipset market forecast along with the current trends and future estimations to depict the imminent investment pockets.

• The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

• The current market is quantitatively analyzed from 2020 to 2026 to benchmark the financial competency.

• Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Analyst Review:

The 5G chipset market is expected to grow at an exponential growth rate. Improved accuracy, efficiency, and speed of operations in the 5G embedded devices are expected to drive the market growth during the forecast period. The automotive & transportation segment in the industry vertical is expected to grow at the fastest CAGR during the forecast period.

Proliferation of M2M/IoT connections and increase in demand for mobile broadband services drive the growth of the market. However, high investment and technological & infrastructure challenges in the implementation of 5G network and privacy & security concern impede this growth. In the near future, rise in government initiatives for building smart cities in Asia-Pacific is expected to create lucrative opportunities for the key players operating in this market.

The global 5G Chipset market 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 account for the highest revenue in the global market throughout the forecast period (2020–2026). The market participants continue to introduce the technologically advanced products to remain competitive in the market. Product launch, product development, and collaboration are the prominent strategies adopted by the market players.

The key market players analyzed in this report include 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.

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