5G Chipset Market Comprehensive Analysis, Development Strategy, Future Plans and Industry Growth with High CAGR by Forecast 2030

The Global 5G Chipset Market size is estimated to be USD 1.53 billion in 2019 and is predicted to reach USD 90.79 billion by 2030 with a CAGR of 44.95% from 2020-2030.

5G Chipset is an integrated circuit that allows the flow of information among electronic components. 5G provides fastest data transfer and information processing. 5G chipsets are mostly used in 5G telecommunication networks and IT industry for data processing at a large scale.

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Competitive Landscape

The 5G chipset market is highly competitive and consists of various market players. Some of the major market players include Qualcomm Technologies Inc., Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd, MediaTek Inc., Qorvo Inc., Nokia Corporation, Xilinx Inc., Broadcom Inc., Infineon Technologies AG, and Intel Corporation, among others.

Market Dynamics and Trends

There have been significant developments taking place in the 5G chipset market in terms of technology and infrastructure. Also, increased demand of wireless infrastructure coupled with rapid development of mobile networks and internet services are expected to accelerate the 5G chipset market in the near future.
Moreover, factors including rising demand for efficient communication and increasing penetration of broadband networks are further expected to promote the 5G chipset market growth. Furthermore, growing use of IoT, automation, and smart devices are further expected to augment the market growth. However, high cost of these chipsets and challenges in technical design are expected to hamper the market growth. On the other hand, wide application in different industries coupled with emergence of satellite communication and increase in strategic partnerships in the market is expected to create numerous opportunities in the 5G chipset market.

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Market Segmentations and Scope of the Study:

The global 5G chipset market share is analyzed on the basis of product, IC type, operational frequency, industry vertical, and geography. On the basis of product, the market is segmented into Devices, Customer Premises Equipment, and Network Infrastructure Equipment. On the basis of IC type, the 5G chipset market is divided into ASIC, RFIC, Cellular IC, and mmWave IC. On the basis of Operational frequency, the market is divided into Sub 6GHz, Between 26 & 39 Ghz, and Above 39 Ghz. On the basis of industry vertical, the market is divided into Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Consumer Electronics, Industrial Automation, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to continue holding the major 5G chipset market share over the forecast period owing to the increased demand of automation and the presence of developed infrastructure. However, Asia Pacific is also expected to show rapid growth with gradual increase in market share owing to the increasing number of smart cities, expansion of communication sector and growing use of smart devices, IoT and others in this region.

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