5G Chipset Market is Booming Worldwide | MediaTek, Nokia, Qualcomm

According to the new research report published by The Insight Partners, titled "5G Chipset - Global Analysis and Forecast by Type (Operation Frequency (Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz)); Product (Devices, Customer Premises Equipment, and Network Infrastructure Equipment); End-User (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics, Public Safety & Surveillance)", The global 5G chipset market is estimated to account US$ 1.03 Bn in 2019 and is expected to grow at a CAGR of 41.0% during the forecast period 2020 - 2027, to account to US$ 22.86 Bn by 2027.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPEL00002370/?utm_source=OpenPR&utm_medium=10593

Companies Mentioned are: Broadcom Inc., Huawei Corporation, IBM Corporation, Infineon Technologies AG, MediaTek Inc., Nokia Corporation, Qualcomm Incorporated, Samsung Group, Telefonaktiebolaget LM Ericsson, Xilinx, Inc.

In the present scenario, 5G chipset is in the concluding phase of testing. These chipsets operate over data speed that is 50 to 100 times more than the 4G counterpart. The global 5G chipset market is majorly driven by exponentially growing needs of the consumer electronic devices that has boosted the manufacturing prospects and convergence of the electronics and automotive industry driving the quest for semiconductor industry. However, the rapidly changing nature of technology requires consistent changes in semiconductors. Also, the growth of technologies including Artificial Intelligence, IoT and connected devices across industry verticals are projected to offer considerable opportunities to the players in the 5G chipset market.

5G is gaining popularity as it is able to address a few key challenges of the network operators while offering mobile broadband. These challenges include cost-effective functionality for managing the ever-growing traffic on the network, aid to meet expectations of speed and quality over the network, and also monetize customer value in the highly competitive market landscape. In the past few years, the mobile data consumption has witnessed exponential growth. On a global level, that data traffic rate has grown at an annual rate of approximately more than 65% over the last five years. Also, the exponential growth in data traffic over the internet is attributed to the growth in smartphone and other consumer electronic devices penetration that are able to be connected over the internet with the introduction of IoT.

The Governments of various emerging economies globally have realized the potentials of 5G solutions and its impact on the GDP of the country. Also, it is projected that owing to digitalization of businesses, huge jobs would be created that would render a positive impact on the economy. Tele Brasil, which is the Brazilian Telecommunications Association has signed an agreement with China, the US, European Union, Japan and South Korea to develop 5G technology in the country. Also, the Brazilian Government has established a partnership with Ericsson for building an innovation center focused on 5G and IoT.

Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://www.theinsightpartners.com/speak-to-analyst/TIPEL00002370?utm_source=OpenPR&utm_medium=10593

Global 5g Chipset - Market Segmentation
Global 5G Chipset Market - By Operation Frequency
Sub-6 GHz
Between 26 and 39 GHz
Above 39 GHz

Global 5G Chipset Market - By Product
Devices
Customer Premises Equipment
Network Infrastructure Equipment

Global 5G Chipset Market - By End-User
Automotive & Transportation
Energy & Utilities
Healthcare
Retail
Building Automation
Industrial Automation
Consumer Electronics
Public Safety & Surveillance

Global 5G Chipset Market by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America

Moreover, key companies contributing to Fiber Laser market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

5G Chipset Market Insights
Rapid growth in the developments of smartphones

The adoption of smartphones adoption continues to globally expand. This is fueled by the multimode 3G/4G LTE connectivity, robust mobile processors, advanced features of multimedia, and superior location awareness capabilities, among other features. Approximately, 1.5 billion smartphones were shipped in 2017, globally; which is consistent year-over-year. Most of the growth is projected in the emerging regions, where smartphones account for approximately 70% of the total handset shipments. Further, growth in the smartphone demand has also been driven by the variety of affordable and flexible data plans that are being offered by the mobile operators.

Smartphone has become prominently in-demand for social networking, gaming, music, email, and web browsing, among other functionalities. It is anticipated that the 5G connectivity would further drive innovations and would increase the consumer demand by offering enhanced connectivity. The smartphone is replacing many of the conventional consumer electronics devices with its advanced capabilities and utility.

Encouraging government support and investments in the emerging economies
As soon as 5G was announced and its potential benefits were showcased at global level, numerous countries have put their hand forward in ensuring a healthy evolution of this technology. A large number of global players have also ventured into developing, research and innovations for the 5G technology globally. 5G is proven to be a technological evolution that will have the potential to bridge a consumers physical, virtual and social worlds. The associated transformation into the digital world will bring in business opportunities to a plethora of industry verticals in true sense.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPEL00002370/?utm_source=OpenPR&utm_medium=10593

Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.