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5G Chipset Market 2021: Expeditious Growth Expected in Coming Years | Qualcomm Technologies, Inc., Broadcom
5G Chipset Market
The 5G Chipset Market size was valued at $13.26 billion in 2020, and is projected to reach $92.05 billion by 2030, registering a CAGR of 21.8% from 2021 to 2030 according to a new report by Allied Market Research. The report covers an analysis of the major impacting factors and top 10 investment pockets that influence the market growth and new opportunities in the future.
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The recent technological developments and rise in demand have an instrumental effect on the growth of the market. The 5G Chipset Market report offers a comprehensive analysis of the market on the basis of various parameters including sales, sales analysis, market size, share, trends, and major driving factors. In addition, the report offers Porter's five forces model, portfolio and financial analysis, and business overview of services and products. Such statistical tools provide a piece of vital information to recognizing lucrative opportunities in the industry.
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The top market players that are currently active in the industry: 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.
These companies have adopted various business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain market position.
The study provides an in-depth analysis of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study offers a SWOT analysis that helps understand the restraining and driving factors in the industry. The global 5G Chipset Market report covers an overview of the market and outlines market definition and scope.
The drivers and opportunities aid in understanding the ever-changing industry trends and how companies can leverage such trends. On the other hand, the challenges and restraints included in the report aid in recognizing lucrative market investments. The global 5G Chipset report offers a quantitative and qualitative analysis of the market. The qualitative study highlights the value chain analysis, pain point analysis, and key regulations.
The Consumer Electronics Segment to Maintain its Lead Position During the Forecast Period
Based on industry vertical, the consumer electronics segment accounted for the largest share in 2020, contributing to more than two-thirds of the global 5G chipset market, and is projected to maintain its lead position during the forecast period. This is owing to rise in demand for consumer electronics such as smart televisions, smartphones, and other electronics. However, the automotive & transportation segment is expected to portray the largest CAGR of 24.3% from 2021 to 2030, owing to the introduction of 5G chipset in the automotive & transportation sector.
Asia-Pacific, Followed by North America, to Maintain its Dominance by 2030
Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global 5G chipset market, owing to surge in investment by key market players. Moreover, the LAMEA region is expected to witness the fastest CAGR of 26.2% during the forecast period. This is attributed to rising awareness about artificial intelligence and IoT technology.
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The report includes a detailed analysis of the impact of the Covid-19 pandemic on the market. The report covers consumer preferences, trends, and budget impact on the market because of the pandemic. The global 5G Chipset Market is under the influence of technological advancements. The emergence of innovative technologies such as artificial intelligence (AI), cloud computing, big data, Electronics & semiconductors industries, Internet of Things (IoT), and cryptocurrency have a major impact on the global 5G Chipset Market growth. The report helps recognize the role of such advanced technologies in 5G Chipset Market growth.
Browse in-depth TOC on 5G Chipset Market:
>> 301 Pages
>> 150 Tables
>> 97 Charts
Key Market Segments:
By IC Type
• ASIC
• RFIC
• Cellular IC
• mmWave IC
By Operational Frequency
• Sub 6GHz
• Between 26 & 39 Ghz
• Above 39 Ghz
By Product
• Devices
• Customer Premises Equipment
• Network Infrastructure Equipment
By Industry Vertical
• Automotive & Transportation
• Energy & Utilities
• Healthcare
• Retail
• Consumer Electronics
• Industrial Automation
• Others
By Region:
1) North America- (U.S., Canada, Mexico)
2) Europe- (Germany, UK, France, Spain, Italy, Rest of Europe)
3) Asia-Pacific- (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
4) LAMEA- (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
The analysis of segment and sub-segment is offered in graphical and tabular formats. This study is instrumental to understanding the highest revenue-generating and fasting growing segments of the 5G Chipset Market, which is vital for making strategic investments.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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