Press release
5G Chipsets Market changing the future trends of Media & Communication Industry by 2026
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.
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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.
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 impedes this growth. In the near future, rise in government initiatives for building smart cities in the Asia-Pacific is expected to create lucrative opportunities for the key players operating in this market.
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.
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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.
Top Industry Verticals:
• Automotive & Transportation
• Energy & Utilities
• Healthcare
• Retail
• Consumer Electronics
• Industrial Automation
• Others
About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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