5G Modems Market Size to Break $10.8 Billion Barrier by 2031 | Samsung, Intel, MediaTek, Nokia, Qualcomm

The 5g modems market was valued at $845.29 million in 2021, and is estimated to reach $10.8 billion by 2031, growing at a CAGR of 29.1% from 2022 to 2031. The surge in demand for mobile broadband operational frequency along with rise in demand for high-speed internet and large network coverage is expected to drive the growth of the 5G modems market.

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Leading players of the global 5G modems market analyzed in the research include Xilinx, Huawei Technologies Co., Ltd., Spreadtrum Communications, Qorvo, Inc., Samsung Electronics Co. Ltd., MediaTek, Inc, Infineon Technologies AG, Intel Corporation, Nokia Corporation, and Qualcomm Technologies.

Growth of mobile broadband connectivity and rapid adoption of IoT devices including 5g modem router, 5g wifi modem and others are some factors contributing to the 5G modems market growth. Moreover, increase in investments by telecom service providers into wireless infrastructure & services for meeting surge in demand for bandwidth drives the growth of the industry. Leading players in the 5G modem market include Qualcomm, Huawei, MediaTek, Samsung, and Intel. They are investing in the development of 5G modems such as qualcomm x65, as well as in partnerships and collaborations with carriers, device manufacturers, and network equipment providers to drive the growth of the 5G modems market size.

Based on modem type, the internal/integrated segment held the largest share in 2021, accounting for nearly 90% of the global 5G modems market and would dominate the market in terms of revenue through 2031. The external segment is estimated to witness the fastest CAGR of 33.6% during the forecast period.

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In terms of mode, the single-mode segment captured the largest market share of more than two-thirds of the global 5G modems market in 2021 and is expected to lead the trail during the forecast period. However, the multimode segment is likely to achieve the fastest CAGR of 31.35% through 2031.

Based on application, the mobile and tablets segment held the largest share in 2021, accounting for nearly two-fifths of the global 5G modems market and would dominate the market in terms of revenue through 2031. The automotive segment, however, is estimated to witness the fastest CAGR of 31.28% during the forecast period.

Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than one-third of the global 5G modems market and is likely to maintain its dominance during the forecast period. However, the market in LAMEA is expected to manifest the highest CAGR of 31.82% from 2022 to 2031. The other regions analyzed in the study include Europe and North America.

5G Modems Market Report Highlights

By Modem Type

◦ Internal/Integrated

▪ 10nm
▪ 14nm
▪ 20nm
▪ 28nm
▪ Others

• External

By Mode

• Single-Mode
• Multimode

By Application

• Mobile and Tablets
• Wearable
• Automotive
• Virtual Reality
• Others

Source: https://www.alliedmarketresearch.com/press-release/5g-modems-market.html

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