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5G Modems Market is Estimated to Reach $10.8 Billion by 2031 | Growing at a CAGR of 29.1%
5G Modems Market
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According to the 5G modems market analysis, 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.
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The global 5G modems market is expected to grow at a significant pace during the forecast period, driven by the increasing demand for high-speed mobile internet connectivity, the growing number of 5G networks, and the increasing number of 5G-enabled devices.
Competitive Analysis:
The company profile section of the 5G Modem Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global 5G Modem Market include,
• Samsung Electronics Co Ltd
• Intel Corporation
• Huawei Technologies Co., Ltd.
• Spreadtrum Communications
• MediaTek Inc
• Infineon Technologies AG
• Nokia Corporation
• Qorvo, Inc.
• Xilinx
• Qualcomm Technologies
Report Overview:
https://www.alliedmarketresearch.com/5g-modems-market
The 5G modems market exhibited development potential across different sectors including consumer electronics, automotive and the telecom industry. Furthermore, rise in number of mobile phone users, along with increase in adoption rate of 5G network drive the demand for wireless communication devices and services.
The 5G modems market is highly competitive, owing to the strong presence of existing vendors. 5G modems market vendors are investing substantially in R&D and skilled workforce and are anticipated to gain a competitive edge over their rivals. The competitive environment in the market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Key Findings of the Study
• The 5G modems market trends indicate that in 2021, the internal/integrated segment was the major revenue contributor to the 5G modems industry, and is projected to grow at a notable CAGR of 28.51% during the forecast period.
• Rapid technological development in the consumer electronics sector and widespread adoption of 5G networks has fueled the demand for internal/integrated 5G modems across the globe.
• The mobile and tablets segment is projected to growth at a CAGR of 30.01% during the forecast period. 5G modems play a crucial role in enabling mobile devices to take advantage of 5G networks and offer users faster, more reliable, and more advanced mobile internet connectivity.
• Asia-Pacific contributed for the major 5G modems market share, accounting for more than 34.88% share in 2021. The growing adoption of 5G modems across automotive and consumer electronics is projected to boost growth of the 5G modems market in Asia-Pacific.
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