5G Chipset Market Size, Industry Statistics, Growth Potentials, Trends, On-going Demand, Opportunities, Segmentation, and Forecast till 2031

Market Overview:

5G chipsets enable high-speed connectivity and support emerging technologies in smart agriculture like precision farming, soil and crop monitoring. 5G-enabled sensors, drones and logistics help farmers monitor fields remotely, apply water and nutrients optimally and transport produce efficiently.

Market Dynamics:

The expansion of 5G network coverage across major regions is driving the adoption of 5G chipsets in smart agriculture applications. 5G provides low-latency connectivity required for real-time monitoring of farms and control of machinery. It allows high-resolution imaging through drones for analyzing soil quality, detecting diseases and monitoring crop growth. Adoption of IoT sensors and AI in agriculture is also surging to maximize yields. Leading chipset manufacturers are collaborating with telcos and technology providers to develop 5G-enabled solutions optimized for agriculture use cases. However, high costs of 5G-chips and related devices can limit their near-term deployment in agriculture.

The 5G chipset market was valued at US$ 3,126.2 Mn in 2021 and is forecast to reach a value of US$ 36,595.15 Mn by 2030 at a CAGR of 26.7% between 2022 and 2030.

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Two Major Market Drivers Pushing Early Adoption of 5G Chipsets

Growing Demand for High-Speed Internet Connectivity for Enhanced Digital Experiences

As the digital revolution continues forward, there has been an immense rise in data consumption owing to an increasingly online lifestyle. Mobile users today demand seamless connectivity with uninterrupted high speeds for experience-rich applications like virtual/augmented reality, video streaming in ultra HD, multi-player cloud gaming and more. With 5G promising peak speeds 100 times faster than 4G, 5G chipsets are future-proofing networks to deliver on these expectations and fuel the growth of data-hungry services.

Proliferation of IoT & Rise of Mission-Critical Smart Applications

The Internet of Things continues to expand rapidly across various industry verticals like manufacturing, healthcare, automotive etc. With more devices connecting to drive efficiency and new revenue models, the need for reliable low-latency connectivity is more important than ever. 5G will power real-time communications for smart factories, remote surgery and autonomous vehicles - making speed, coverage and reliability cornerstones. Chipmakers are working on specialized 5G modems and RF front-end modules optimized for these applications.

Growing Security Concerns Pose a Significant Restrain

As more things get linked to networks, the risks of cyber-attacks are escalating. Hackers are finding vulnerabilities in unsecured/poorly designed systems to steal sensitive data, disrupt operations or even endanger public safety. The Always-On nature of 5G networks managing critical infrastructure makes them high-value targets and governments/enterprises are rightfully concerned about protection. Unless 5G chipsets address this issue head-on through firewall improvements, intrusion detection/prevention systems - it could hamper their wider adoption. Vendors will need to prioritize security at the hardware-level to mitigate risks and build trust.

Major Key Players:

Ericsson, Qualcomm, Samsung electronics, Nokia Corporation, Apple Inc., and Media Tek.

Detailed Segmentation:

Global 5G Chipset Market, By Chipset Type:
Application-specific Integrated Circuits (ASIC)
Radio Frequency Integrated Circuit (RFIC)
Millimeter Wave Technology Chips
Field-programmable Gate Array (FPGA)
Global 5G Chipset Market, By Operational Frequency:
Sub-6 GHz
Between 26 and 39 GHz
Above 39 GHz
Global 5G Chipset Market, By End-User Industry:
Consumer Electronics
Industrial Automation
Automotive and Transportation
Energy and Utilities
Healthcare
Retail
Other End-user Industries

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Massive Growth of Edge Computing Presents a Major Opportunity

With edge infrastructure being deployed at cellular sites, corporate campuses and inside factories/venues, an unprecedented amount of computing power is moving closer to data sources and end-users. As low-latency applications become mainstream, there will be massive demand to process/analyze real-time data where it is generated before being sent to centralized data centers. Edge native 5G modems combining high-speed connectivity with integrated AI functionality present a unique opportunity. Such edge-centric system-on-chips can optimize different workloads, reduce power consumption and enable self-organizing private networks - playing a key role in distributed cloud deployments.

Increasing Focus on Standalone 5G Networks is a Key Trend to Watch

While operators launched 5G services by enhancing LTE networks, the industry is now focusing on developing true 5G standalone (SA) architecture as per 3GPP specifications. SA brings more flexibility, programmability and customizability to address varied use cases across industries as per their unique performance/reliability requirements. SA cores also simplify network management operations by decoupling control and user planes. This represents a massive trend as chipmakers develop specialized system components like network function virtualization infrastructure, network slices, edge computing interfaces specifically meant for these new SA environments. As SA rolls out at scale, it could entirely reshape the semiconductor supply chain dynamics in coming years.

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𝗙𝗔𝗤'𝗦:

What is the projected size of the 5G Chipset Market by 2031?
Which major countries will experience the greatest impact from the 5G Chipset Market?
Which regional market in the 5G Chipset Market is the largest?
Which leading companies dominate the majority of the 5G Chipset Market?
Which geographic market within the 5G Chipset Market industry is expected to exhibit the most significant growth potential?
What are the primary drivers of the 5G Chipset Market?
What are the current trends and future predictions for the global 5G Chipset Market industry?
What are the key strategies employed in the 5G Chipset Market?
What are the main growth prospects for the 5G Chipset Market?

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