5G Chipset Market: What are the Future Growth Opportunities? Top Players: Qualcomm, Samsung Electronics, Huawei, MediaTek, and Intel

The 5G Chipset Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these fall along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the 5G Chipset Market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The growing investments in networking infrastructure for wider broadband range and network coverage is influencing the growth of the 5G chipset market. 5G cellular network technology developments are creating their demand in multiple sectors such as healthcare, education, transportation, commercial offices, banking & finance, and other organizations. Rapid growth in data consumption and the emergence of smart devices such as home automation, drones and self- driving cars will augment the industry growth. These devices require very low latency to operate reliably in real time. In addition, developments in embedded computing requiring high speed internet and growing strategic collaborations for incorporating this technology for satellite communication will create growth opportunities for 5G chipset market. However, high initial cost for deployment of 5G will be a barrier hindering wide adoption across emerging economies which requires extensive network functions virtualization and SDN.

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Smartphone manufacturers are inclined towards integrating these chips in their devices which will be one of the major product segments in the 5G Chipset market. According to the GSMA, there were 5.1 billion unique mobile subscribers globally in 2018. The declining smartphone prices and rapid technological advancements in consumer electronics technologies are creating a strong demand for high processing network hardware globally.

By IC Type
o ASIC
o RFIC
o Millimeter Wave IC
By Frequency
o Low frequency
o High frequency
o Millimeter wave bands
By Application
o Automotive
o Consumer electronics
o Industrial
o Retail and enterprises

Smart city projects, such as city of Barcelona, with deployments for smart bins, driverless metro, smart parking spaces, digital bus services, and others is driving the 5G Chipset market. These include free internet access through the city's Wi-Fi networks. Connected car market is another emerging application area for networking devices. Features, such as media streaming, navigation systems, and ADAS, are creating a demand for networking technologies in automotive. In addition, companies are developing connected cars for improving vehicle safety though better communication with outside vehicles, route optimization, and others.

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Asia Pacific is expected to be the dominant region for the 5G Chipset market owing to the large telecommunication industry and early adoption of 5G technologies. The Asia Pacific countries are at rapid development stages in digitization and have over 1.9 billion mobile internet users in 2018, which is expected to reach 2.7 billion by 2025 according to the GSM Association.

Some of the key players include Qualcomm, Samsung Electronics, Huawei, Media Tek, and Intel. The companies are heavily investing in research and development activities to become early providers and have a greater market share.

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