Global 5G Chipset Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The 5G Chipset Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the 5G Chipset Market Size and Projected Growth Rate?
The market size for 5G chipsets has seen an impressive expansion lately. With projections to escalate from $16.88 billion in 2024 to a significant $22.38 billion in the year 2025, it represents a compound annual growth rate (CAGR) of 32.5%. Factors such as the advancement in mobile communication protocols, the escalating need for superior data transfer rates, the surge in Internet of Things (IoT) devices, the growth of mobile broadband services, as well as the establishment of smart cities and connected infrastructure have all contributed to the growth experienced during the historical period.

It is projected that the 5G chipset market will experience explosive growth in the coming years, with its size set to expand to $68.68 billion by 2029, developing at a compound annual growth rate (CAGR) of 32.4%. Factors that could drive growth during the forecast period include increased adoption of 5G in industrial automation and IoT, expansion of 5G networks to improve mobile connectivity, rising demand for applications that offer low latency and high bandwidth, 5G integration into autonomous vehicles and smart transportation, and increasing implementation of 5G in rural and remote areas. Key trends predicted for the forecast period are the emergence of mmWave technology in 5G chipsets, the creation of energy-efficient and compact 5G chipsets, the integration of artificial intelligence (AI) in 5G chipset design, emphasis on open ran (radio access network) architectures, and the usage of 5G chipsets for fixed wireless access (FWA).

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What Are the Major Segments in the 5G Chipset Market?
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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What Are The Driving 5G Chipset Market Evolution?
The rise in mobile data traffic is playing a substantial role in boosting the 5G chipset market. Essentially, mobile data traffic is the volume of data transitioning within the complete internet over a network at any particular moment. As mobile data traffic expands, there is a heightened necessity for better mobile network performance and data connectivity. These requirements will be addressed by next-generation 5G networks, which in turn will fuel the growth of 5G chipsets. The Ericsson Mobility Report from Telefonaktiebolaget LM Ericsson, a Sweden-based networking and telecommunications company, revealed in November 2023 that global mobile data traffic is projected to triple by 2029's end. It also predicted that 5G subscriptions would surpass 5.3 billion, and average smartphone data usage would jump from 21GB to 56GB per month within 2023 to 2029. Thus, the rise in mobile data traffic is anticipated to drive the 5G chipset market's growth in the future.

Which Firms Dominate The 5G Chipset Market Segments?
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.

What Trends Are Expected to Dominate the 5G Chipset Market in the Next 5 Years?
The prevailing trend in the 5G chipset market revolves around product innovations. The market's dominant players are focusing on innovating their products as a strategy for market expansion. A notable example is Qualcomm Technologies, Inc., a company originating from the US that specializes in wireless telecommunications products and services. In July 2024, the company debuted a Snapdragon 4s Gen 2 chipset. The particular chipset is engineered to serve low-cost 5G smartphones, providing standalone (SA) 5G network compatibility for as low as Rs 8,300. The importance of this development lies in its potential to broaden 5G accessibility, making progressive mobile technology more attainable for a larger number of people, especially those in emerging markets such as India. It also boosts competition with MediaTek in the cost-effective segment.

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Which Is The Largest Region 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 5G Chipset Market?
2. What is the CAGR expected in the 5G Chipset Market?
3. What Are the Key Innovations Transforming the 5G Chipset Industry?
4. Which Region Is Leading the 5G Chipset Market?

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