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Global 5G Chipset Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global 5G Chipset Market value is expected to reach $60.10 billion growing at a CAGR of 21.7% during 2022-2028.A 5G chipset is a specialized component of customer premises equipment and network infrastructure equipment that allows the end user to create a wireless network based on 5G network specifications. The proliferation of internet-connected devices creates the need for a whole new wireless infrastructure known as 5G. Fifth-generation wireless (5G) is the mobile network generation that follows the current 4G LTE mobile network. These networks expand broadband wireless operational frequency beyond mobile internet to the Internet of Things (IoT) and critical communications segments, providing for a worldwide perception of complete connectivity.
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North America is one of the most important regions for the market's growth. The United States has contributed the majority of the region's market growth. Demand from IoT, M2M communications, mobile broadband, and other developing applications is driving the surge. Furthermore, the United States, as the home of some of the market's most notable competitors and a pioneer in the adoption of 5G connections, is one of the major variables projected to affect the market's growth. The White House recently unveiled its National Strategy to Secure 5G in the United States, which focuses on improving and safeguarding 5G infrastructure both at home and overseas. This will drive the region's need for 5G chipsets.
Some of the key players in 5G Chipset Market include Analog Devices, Inc., Anokiwave Inc, Arm Limited, Broadcom Inc., Cadence Design Systems, Inc., Cavium Inc., Ericsson Ab, Fibocom Wireless Inc., Fujitsu Limited, Huawei Technologies Co., Ltd., Infineon Technologies Ag, Intel Corporation, Macom, Marvell Technology Group Ltd., Mediatek Inc., Murata Manufacturing Co., Ltd., Nokia Corporation, Nxp Semiconductors, Ommic, Qorvo, Inc., Qualcomm Technologies, Inc., Quectel, Renesas Electronics Corporation, Samsung Electronics Co. Ltd, Sivers Ima, Skyworks Solutions, Inc., Texas Instruments Inc., U-Blox, Unisoc (Shanghai) Technologies Co., Ltd., Xilinx Inc. And Zte Corporation.
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