Press release
Comprehensive 5G Chipset Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
5G Chipset Market
The surge in mobile data traffic extensively influences the expansion of the 5G chipset market. It speaks about the volume of data traversing a network at any given moment on the entire internet. The increasing demand for mobile data traffic necessitates enhanced mobile network performance and data connectivity. Such improvements are anticipated to be upheld in subsequent 5G network generations, thereby instigating the progress of 5G chipsets. Illustratively, the Ericsson Mobility Report by the Sweden-based networking and telecommunication product and service company, Telefonaktiebolaget LM Ericsson, projected in November 2023 that global mobile data traffic is set to triple by the end of 2029. It forecasts that 5G subscriptions will surpass 5.3 billion, and the average smartphone data use will increase from 21GB to 56GB in the period between 2023 and 2029. Hence, the surge in mobile data traffic is predicted to catalyze the expansion of the 5G chipset market in the future.
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How will the growth rate of the 5g chipset market shape industry trends by 2034?
Over the past few years, the 5G chipset market has seen considerable growth. The market, which was valued at $16.88 billion in 2024, is expected to inflate to $22.38 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 32.5%. This significant increase during the historic period can be credited to the evolution of mobile communication standards, a growing need for faster data transmission, the increase of internet of things (IoT) devices, the expansion of mobile broadband services, and the advent of smart cities and connected infrastructure.
In the upcoming years, the 5G chipset market is predicted to experience substantial growth, reaching $68.68 billion in 2029 with a compound annual growth rate (CAGR) of 32.4%. Several factors will contribute to this growth during the forecast period, including the use of 5G in industrial automation and IoT, the expansion of 5G networks to improve mobile connectivity, increased demand for applications with low-latency and high bandwidth, the integration of 5G in self-driving vehicles and intelligent transportation, and the wider deployment of 5G in rural and isolated regions. Notable trends to watch during this period are the emergence of mmWave technology in 5G chipsets, the creation of energy-efficient and small-sized 5G chipsets, the application of artificial intelligence (AI) in 5G chipset design, emphasis on open ran (radio access network) architectures, and the utilization of 5G chipsets for fixed wireless access (FWA).
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What trends are poised to drive the future success of the 5g chipset market?
Innovation in products is becoming a significant trend in the 5G chipset market. Prominent market players are bringing forward creative products to foster market growth. For instance, Qualcomm Technologies, Inc., an American enterprise that specialises in wireless telecommunications products and services, introduced a Snapdragon 4s Gen 2 chipset in July 2024. The purpose of this chipset is to facilitate affordable 5G smartphone production, providing standalone (SA) 5G network compatibility for as little as Rs 8,300. Its importance stems from the potential to expand 5G accessibility and make state-of-the-art mobile technology more widely available, particularly in developing markets like India, whilst competing with MediaTek in the economy segment.
Which primary segments of the 5g chipset market are driving growth and industry transformations?
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 Verticals
Subsegments:
1) By Radio Frequency Integrated Circuit (RFIC): Power Amplifiers (PAs), Low Noise Amplifiers (LNAs), Transmitters, Receivers
2) By Application-Specific Integrated Circuit (ASIC): Digital ASICs, Analog ASICs, Mixed-Signal ASICs
3) By Cellular Integrated Circuit (Cellular IC): Modems, Baseband Processors, RF Transceivers
4) By Millimeter Wave Integrated Circuit (mmWave IC): mmWave Transceivers, mmWave Amplifiers, mmWave Antennas
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Which geographical regions are pioneering growth in the 5g chipset market?
Asia-Pacific was the largest region in the 5G chipset market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5g chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the 5g chipset market landscape?
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., 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.
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What Is Covered In The 5G Chipset Global Market Report?
•Market Size Forecast: Examine the 5g chipset market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the 5g chipset market for a structured understanding.
•Key Players Overview: Analyze major players in the 5g chipset market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 5g chipset market.
•Segment Contributions: Evaluate how different segments drive overall growth in the 5g chipset market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 5g chipset market.
•Industry Challenges: Identify potential risks and obstacles affecting the 5g chipset market.
•Competitive Landscape: Review strategic developments in the 5g chipset market, including expansions, agreements, and new product launches.
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