5G Chipset Market is anticipated to be highest growth and forecast 2022-2032 | Huawei Technologies Co., Ltd. (China), Infineon Technologies AG (Germany)

A 5G chipset is a specialized component of customer premises equipment and network infrastructure equipment that allows the end user to create wireless network based on 5G network specifications. The proliferation of internet-connected devices raises the need for a completely new wireless infrastructure known as 5G. Fifth-generation wireless (5G) is the mobile network generation that follows the current 4GLTE mobile network. These networks extend broadband wireless Operational Frequency beyond mobile internet to the Internet of Things (IoT) and critical communications segments, allowing for a global perception of complete connectivity.

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The 5G chipset market is expected to grow significantly during the forecast period due to proliferation of M2M/IOT connections. Furthermore, the market is growing due to an increase in demand for high-speed internet and extensive network coverage. Furthermore, an increase in demand for mobile broadband operational frequency is expected to drive 5G chipset market growth during the forecast period.

Key Drivers & Trends

Rising demand for high-speed internet and extensive network coverage for several applications is likely to benefit the market in the forecast period. Growing distance learning, autonomous driving, multiuser gaming, and videoconferencing are anticipated to augment the 5g chipset market. Other factors include rising live streaming, increasing demand for telemedicine, and the growing popularity of augmented reality. For instance, in June 2021, Reliance Jio (Mumbai) collaborated with NXP Semiconductor(Netherlands) to implement a 5G NR O-RAN small cell solution incorporating NXP's Layerscape multicore processors. The combined solution powered new RAN networks that delivered high performances.

It enabled a wide range of 5G use cases for broadband access and Industry 4.0 and loT applications, including telemedicine, tele-education, augmented/virtual reality, drone-based agricultural monitoring, and more. Thus, 5G cellular services are expected to witness growing adoption to meet the demand for high-speed internet and high-quality voice services. Alongside this, the increasing penetration of connected devices in commercial and residential applications is expected to generate demand for short-range connectivity devices for extended coverage.

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Key Restraints & Challenges

The cost of 5G-capable smartphone chipsets will probably be higher than the price of existing 4G chipsets. In 2019, only high-end smartphones were equipped with first-generation 5G chipsets. Mass deployment in 2020-2021 was based on second- and third-generation chipsets. Only a small number of high-end smartphones employ Qualcomm's flagship Snapdragon 8-series Processor, which only supports 5G. By making its 7-series and 6-series lineups available on 5G, the business dramatically increased its 5G selection. For mid-range smartphones, Snapdragon 765 and Snapdragon 690 are already available. The 4-series chipset, which are utilized in less expensive phones was launched for to a larger audience. MediaTek and Qualcomm are anticipated to decrease the prices more in future.

Market Segments

The 5G Chipset market has been segmented into Type, Process Node, Operational Frequency, Application, and Region. Based on the Type, the 5G Chipset market is bifurcated into Modem and RFIC. On the basis of Process Node, the market is segmented into Less than 10 nm, Between 10-28 nm, and Above 28 nm. Based on Operational Frequency, the market is segmented into Sub-6 GHz, Between 26 and 39 GHz, and Above 39 GHz. Based on Application, the 5G Chipset market is segmented into Telecommunication Infrastructure, Mobile Devices, Non-Mobile Devices, and Automobile. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Key Players

The 5G Chipset Market includes players such as Huawei Technologies Co., Ltd. (China), Infineon Technologies AG (Germany), Marvell Technology, Inc. (US), MediaTek Inc. (Taiwan), Nokia Corporation (Finland), NXP Semiconductors N.V. (Netherlands), Qualcomm Technologies, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Telefonaktiebolaget LM Ericsson (Sweden) and Unisoc (Shanghai) Technologies Co., Ltd. (China).

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