5G Chipset Market Size, Emerging Trends, Growth Rate, Business Opportunities And Forecast To 2033

The 5g chipset market size has grown exponentially in recent years. It will grow from $12.87 billion in 2023 to $17.2 billion in 2024 at a compound annual growth rate (CAGR) of 33.7%. The growth in the historic period can be attributed to evolution of mobile communication standards, increasing demand for higher data transfer rates, proliferation of internet of things (iot) devices, growth of mobile broadband services, development of smart cities and connected infrastructure.

The 5g chipset market size is expected to see exponential growth in the next few years. It will grow to $51.95 billion in 2028 at a compound annual growth rate (CAGR) of 31.8%. The growth in the forecast period can be attributed to adoption of 5g in industrial automation and iot, expansion of 5g networks for enhanced mobile connectivity, rise in demand for low-latency and high-bandwidth applications, integration of 5g in autonomous vehicles and smart transportation, growing deployment of 5g in rural and remote areas. Major trends in the forecast period include emergence of mmwave technology in 5g chipsets, development of energy-efficient and compact 5g chipsets, integration of artificial intelligence (ai) in 5g chipset design, focus on open ran (radio access network) architectures, implementation of 5g chipsets for fixed wireless access (fwa).

Market Overview -
A 5G chipset is an integrated circuit, also known as a data flow management system, made up of electronic components. It is a key component added to 5G devices that helps in connecting to the next-generation network, which enables 5G packet transmission and manages the flow of information.

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Surging Mobile Data Traffic Fuels Robust Growth In The 5G Chipset Market
The growing mobile data traffic is significantly contributing to the growth of the 5G chipset market. Mobile data traffic refers to the amount of data flowing across a network within the entire internet at a given point in time. The expanding mobile data traffic necessitates improved mobile network performance and data connectivity, which will be maintained in future 5G network generations, thereby propelling the development of 5G chipsets. For instance, according to the Ericsson Mobility Report, a Sweden-based telecommunications company, global mobile data traffic is estimated to reach 288EB per month, a growth by a factor of around 4.4 by 2027. Therefore, the growing mobile data traffic is expected to propel the growth of the 5G chipset market going forward.

Competitive Landscape -
Major companies operating in the 5g chipset market report are Qorvo Inc., Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., UNISOC Communications Inc., Intel Corporation, MediaTek Inc., Infineon Technologies AG, Xilinx Inc., NOKIA CORPORATION, Skyworks Solutions Inc., NXP Semiconductors, Advanced Micro Devices Inc., International Business Machines Corporation, Broadcom Inc., Marvell Technology Group Ltd., Analog Devices Inc., Renesas Electronics Corporation, Fujitsu Limited, Integrated Device Technology Inc., Texas Instruments Incorporated, STMicroelectronics N. V., Murata Manufacturing Co. Ltd., Cavium Inc., MACOM Technology Solutions Holdings Inc., Anokiwave Inc., Sequans Communications S. A., MaxLinear Inc., Inseego Corp., Sierra Wireless Inc., Telit Communications PLC, Quectel Wireless Solutions Co. Ltd., Fibocom Wireless Inc.

Pioneering Product Innovations Propel The 5G Chipset Market Forward
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Key Segments -
The 5g chipset market covered in this report is segmented -
1) By Integrated Circuit: Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimeter Wave Integrated Circuit (mmWave IC)
2) By Operational Frequency: Sub 6GHz, Between 26 and 39 Ghz, Above 39 Ghz
3) By Vertical: Manufacturing, Energy And Utilities, Media And Entertainment, IT And Telecom, Transportation And Logistics, Healthcare, Other Verticles

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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