5G Chipset Market Growth Rate, Key Application, Demand, Trends, New Technology Analysis And Segments, Forecast 2022-2028

Market Overview:
5G Chipset Market was valued at USD 5.9 Billion in 2021 and is expected to reach USD 186.66 Billion by the year 2028, at a CAGR of 63.8%.

Smartphones, portable hotspots, Internet of Things devices, and increasingly notebook PCs with mobile network capability may all communicate via 5G packets thanks to 5G chipsets. Both well-known sub-6 GHz bands and new MIMO antenna systems, as well as high-frequency millimeter-wave (mm Wave) bands and highly-focused beam-steering, are expected to be employed by 5G mobile devices. Globally, the biggest telecom service providers are upgrading to 5G, which principally uses denser arrays of tiny antennas to enable extremely fast network and communication rates.

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Market Dynamics:
Driver:
The market for 5G chipsets is anticipated to expand as a result of the rising demand for high-speed internet and extensive network coverage for a variety of applications, including remote learning, autonomous driving, multiuser gaming, videoconferencing, live streaming, telemedicine, and augmented reality. The development of 5G cellular technology is being fueled by rising demand for mobile broadband technology, high-speed data transfer, and data and information processing. Additionally, it is likely to improve mobile network performance capabilities and close the data connectivity gap that still exists in the existing network generations (3G/4G).

Opportunities:
The 5G network and Internet of Things (IoT) are expected to improve the business concerns listed above related to industrial automation. The improved network enables manufacturers to create smart factories and take advantage of cutting-edge technologies like automation, augmented reality, machine learning, and artificial intelligence (AI). Future smart factories are anticipated to include a number of sensors to track various elements of the workplace. Smart factories will be able to solve production environment issues thanks to the 5G network's reduced latency, wireless flexibility, and high capacity performance. It consequently opens up a wide range of prospects for chipset makers to focus their investment on machinery used in industrial automation.

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Market Segmentation
Segmentation Insights

By Chipset Type, the Application-specific Integrated Circuits (ASIC) segment was expected to dominate the market, with 27.3% of the market share in 2019, followed by FPGA and mm Wave chipsets segments, with 27.08% and 24.88% shares, respectively

The sub-6 GHz segment was estimated to account for the largest share of 80.19% in 2027, while the above 39 GHz segment is expected to witness the highest CAGR of 122.9%.

By End-User industry, the consumer electronics industry was expected to account for the largest market share of 78.30%. The Industrial Automation is anticipated to indicate the highest CAGR of 89.2% during the forecast period.

By Type
• Application-Specific Integrated Circuits (ASIC)
• Radio Frequency Integrated Circuit (RFIC)
• Millimeter Wave Technology Chips
• Field-Programmable Gate Array (FPGA)

By Operational Frequency
• Sub-6 Ghz
• Between 26 And 39 Ghz
• Above 39 Ghz

By End Users
• Consumer Electronics
• Industrial Automation
• Automotive & Transportation
• Energy & Utilities
• Healthcare
• Retail

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Regional Analysis Of 5G Chipset Market
The Asia-Pacific region is expected to hold the prominent share of the market, owing to the sheer number of pure-play foundries operating in China and South Korea. According to SEMI, China has the largest fab projects, worldwide, with 30 new units under construction. The country's foundry industry can be divided into two segments such as domestic and multinational, where international vendors, such as Intel, also operate foundries. The large presence of OSAT producer over the nation has authorized the entry of international players, in the country.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

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Players Covered in 5G Chipset market are :
• Analog Devices Inc.
• Anokiwave Inc.
• Renesas Electronics Corporation
• Cavium Inc.
• MediaTek Inc.
• Intel Corporation
• Samsung Electronics Co. Ltd
• Xilinx Inc.
• Nokia Corporation
• Broadcom Inc.
• Infineon Technologies AG
• Huawei Technologies Co. Ltd
• Qorvo Inc.
• NXP Semiconductors NV
• Texas Instruments Inc.
• Qualcomm Technologies Inc and Other Major Players.

Key Industry Developments:
In order to be 5G ready, many of the smartphone manufacturers are investing in launching 5G phones.
Realme is planning to launch a 5G ready smartphone in India. Though the network is not available in the country, the company is planning to offer future-ready products.
IQOO, the Chinese smartphone manufacturer, announced that it will launch its first smartphone in India, in February 2020. IQOO 3 is anticipated to offer a combination of smartphone performance and future-ready 5G capabilities.

Reasons To Consider This Report:
• The 5G Chipset research provides a detailed examination of evolving competitive dynamics.
• It provides a forward-looking viewpoint on numerous driving variables or market evolution prevention strategies.
• It presents a six-year prediction based on how the 5G Chipset is expected to expand. It aids in the knowledge of major product areas and their future prospects in the keyword industry.
• It gives a precise understanding of changing competitive dynamics and keeps one-step ahead of the competition.
• It assists in making informed commercial decisions by providing complete market insights and extensive market segment analyses.

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