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5G Chipset Market: Global Analysis with CAGR of 32.5%, Drivers, Trends and Leading Players
5G Chipset Market Analysis
Exploring the sudden rise of 5G Chipsets: Market expected to soar from $16.88 billion in 2024 to $68.68 billion in 2029 due to the increasing demand for faster data rates and the proliferation of IoT devices.
What Is The Projected Market Size Of The Global 5G Chipset Market And Its Growth Rate?
• The 5G chipset market saw exponential growth in recent years, with a market size that increased from $16.88 billion in 2024 to $22.38 billion in 2025.
• The compound annual growth rate (CAGR) during this period was 32.5%.
• Influencing factors for this explosive growth include evolving mobile communication standards, rising demand for higher data transfer rates, increasing use of IoT devices, expansion of mobile broadband services, and development of smart cities and connected infrastructures.
• The market is projected to continue its rapid growth in the foreseeable future, reaching a size of $68.68 billion in 2029 with a CAGR of 32.4%.
• This forecasted growth can be attributed to the adoption of 5G in industrial automation and IoT, network enhancement for improved mobile connectivity, increasing demand for low-latency and high-bandwidth applications, 5G integration in autonomous vehicles and smart transportation, and the growing use of 5G in rural and remote areas.
What Is Driving The Growth In The 5G Chipset Market?
The surge in mobile data traffic is significantly contributing to the expansion of the 5G chipset market. Mobile data traffic refers to the extent of data exchange within a network, particularly the internet. The rapid increase of mobile data traffic necessitates the improvement of mobile network performance and data connectivity, which future generations of 5G networks will maintain. This progress helps propel the development of 5G chipsets. The Ericsson Mobility Report of November 2023 predicts that global mobile data traffic will triple by the end of 2029, with 5G subscriptions exceeding 5.3 billion. This increase in mobile data traffic is expected to drive the 5G chipset market forward.
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Who Are the Key Players Driving 5G Chipset Market Growth?
Some of the major companies operating in the 5G chipset market include:
• 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.
What Are The Key Trends In The 5G Chipset Market?
Major developments affecting the growth of the 5G chipset market include:
• Emergence of mmWave technology in 5G chipsets
• Development of energy-efficient and compact 5G chipsets
• Integration of AI in 5G chipset design
• Focus on open radio access network (RAN) architectures
• Implementation of 5G chipsets for fixed wireless access (FWA)
What Are The Segments Of The Global 5G Chipset Market?
• By Integrated Circuit: Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimeter Wave Integrated Circuit (mmWave IC)
• By Operational Frequency: Sub 6GHz, Between 26 and 39 Ghz, Above 39 Ghz
• By Vertical: Manufacturing, Energy And Utilities, Media And Entertainment, IT And Telecom, Transportation And Logistics, Healthcare, Other Verticals
Which Region Leads The 5G Chipset Market?
In 2024, the Asia-Pacific was the largest region in the 5G chipset market. It is also anticipated to be the fastest-growing region over the forecast period. The 5G chipset market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The 5G Chipset Global Market Report?
• Market Size Analysis: Analyze the 5G Chipset Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the 5G Chipset Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall 5G Chipset Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the 5G Chipset Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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