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5G Chipsets Market to Reach USD 81.0 billion by 2028 | Key Players, Growth Rate, Demands

03-30-2023 08:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

5G Chipsets Market

5G Chipsets Market

The 5G Chipsets market is projected to reach USD 81.0 billion by 2028, growing at a CAGR of 17.4% from 2023 to 2028. This report covers key end-uses, namely, Telecommunication Infrastructure, Mobile Devices, Non-mobile Devices, and Automobiles.

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"The Modems segment is projected to grow at a sizable CAGR in the market during the forecast period."

The modem or baseband processor converts the data to a signal that can be used to modulate the carrier frequency for transmission and vice versa. A baseband processor is a chip in a device, such as a smartphone or a tablet, that handles cellular transmission. These are widely used in radio frequency (RF) and wireless communications. Qualcomm Technologies, Inc. (US); MediaTek Inc. (Taiwan); and Huawei Technologies Co., Ltd. (China) are some of the eminent 5G modem providers.

"By end-use, the market for automobile segment is expected to grow at highest CAGR in the market"

5G is expected to be crucial in transforming the automotive industry. It will develop new applications that are difficult to advance with the current generation of cellular technologies. 5G can allow system and application developers to offer a wide range of operations. Modern automobiles utilize vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N) technologies. It would further help develop other applications, such as automated driving, digital logistics, and intelligent navigation. 5G network provides fast connectivity at low latency. Moreover, the 5G network data transfer rate is higher than that of the previous generation. Hence, 5G will play an integral role in autonomous driving.

"Europe to grow at the highest rate in the 5G Chipsets market."

In collaboration with chip manufacturers, the European government aims to diversify its fabs and all parts of the semiconductor supply chain, including assembly and testing. They seek to move chipmaking out of the traditional strongholds (Asia Pacific region) into North America and Europe (Italy, Germany, the Netherlands, Spain, the UK, and Norway). Europe has set ambitious targets to grow its chip manufacturing capacity from 9% (FY2020) to 20% (FY2030) over the same period. The region comprises some key countries adopting Industry 4.0 and IoT and connected cars at a higher rate. The adoption of these technologies is mainly dependent on connectivity, and the 5G network is anticipated to play an integral role in developing the European market.

Break-up of the profiles of primary participants:

By Company Type -Tier 1 - 25%, Tier 2 - 30%, and Tier 3 - 45%
By Designation - C-level - 30%, Director-level - 40%, and, Other - 30%
By Region- North America - 30%, Europe - 20%, APAC - 40%, and RoW - 10%
The key players operating in the 5G Chipsets market include Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), SAMSUNG (South Korea), and Broadcom (US), Qorvo, Inc (US), Skyworks Solutions, Inc. (US), Analog Devices, Inc. (US), Marvell (US), Anokiwave, Inc (US), NXP Semiconductors (Netherlands), Xilinx (Acquired by AMD) (US), Texas Instruments Incorporated (US), Murata Manufacturing Co., Ltd. (Japan), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), MACOM (US), u-blox (Switzerland), Sivers IMA (Sweden), Unisoc (Shanghai) Technologies Co., Ltd. (China), Arm Limited (UK), Cadence Design Systems, Inc. (US), Fibocom Wireless Inc. (China), Quectel (China), and OMMIC (France). The study includes an in-depth competitive analysis of these key players in the 5G Chipsets market with their company profiles, recent developments, and key market strategies.

Direct Purchase of the Global 5G Chipsets Market Research Report at

Research Coverage:

This research report categorizes the 5G Chipsets market based on Type, End - Use, Process Node, and Frequency and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the 5G Chipsets market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the 5G Chipsets ecosystem.

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