Press release
5G Chipset Market to Reach $67.2 Billion by 2030, Driven by Rising Adoption of IoT and Connected Devices
According to this latest publication from Meticulous Research, the global 5G chipsets market is projected to reach a value of $23.5 billion by 2027, growing at a CAGR of 52.7% during the forecast period. The growing demand for high-speed data services, rapidly developing smartphone technology, and the proliferation of IoT & connected devices are the major factors driving the growth of this market. However, the high cost of equipment, the fragmented spectrum harmonization model, and rising cybersecurity concerns are expected to restrict the growth of this market to some extent.
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Key Players:
The key players operating in the global 5G chipsets market (Marché des chipsets 5G) are Broadcom Inc. (U.S.), Qualcomm Inc. (U.S.), MediaTek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co. Ltd. (South Korea), ZTE Corporation (China), Qorvo Inc. (U.S.), Infenion Technologies (Germany), Fujitsu Ltd.(Japan), Macom technology solutions (U.S.), Unisoc Communications Inc. (China), Xilinx Inc. (U.S.), Huawei Technologies Co. Ltd. (China), and NXP Semiconductor N.V. (Netherlands).
Market Applications and Segments:
The 5G chipsets market (Mercato dei chipset 5G) supports various applications across different sectors. These include automotive systems, transportation, smart manufacturing, smart cities, gaming, entertainment, and intelligent retail. In 2020, smart cities led the market, taking the largest share of total demand.
Smart cities are leading the way in 5G chipset use because the technology effectively tackles major urban issues. Cities around the world are using 5G to improve infrastructure management, simplify real estate operations, enhance service accessibility, optimize transport networks, boost public safety systems, manage utilities, enable smart mobility solutions, monitor the environment, and set up smart lighting systems.
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Technical Categories and Frequency Bands:
On the technical side, the market includes various types of chipsets, such as application-specific integrated circuits (ASICs), radio frequency integrated circuits, millimeter wave technology chips, and field-programmable gate arrays. ASICs held the largest market share in 2020, mainly due to cost savings in large-scale production, better efficiency than other integrated circuits, and widespread use by mobile network operators aiming to cut costs.
The frequency spectrum analysis shows three main categories: below 1GHz, sub-6GHz, and above 24GHz. The sub-6GHz segment led the market in 2020 because it provides solid coverage in crowded urban areas while allowing flexible deployment of widespread 5G networks. This frequency range's effective wall penetration and extended transmission distance make it suitable for both rural and urban areas. However, the above 24GHz segment is expected to grow the fastest during the forecast period.
Industry Verticals and Consumer Impact:
The market includes many industry segments, such as automotive, public transportation, energy, utilities, telecommunications, IT, industrial automation, consumer electronics, security, surveillance, retail, and public infrastructure. Consumer electronics was the largest sector in 2020, driven by several important factors.
The COVID-19 pandemic sped up adoption in this area, with a rise in the use of e-health applications, wellness platforms, e-learning systems, and digital services in the public sector. The increase in video calling and conferencing services during the pandemic also raised demand, along with more mobile subscriptions for 5G.
Global Market Distribution:
Regionally, the market analysis looks at North America (United States and Canada), Europe (including France, Germany, Spain, Italy, the United Kingdom, and other European countries), Asia-Pacific (China, India, Japan, and the surrounding area), Latin America, and the Middle East and Africa.
In 2020, Asia-Pacific led the global market, followed by North America and Europe. This leadership reflects several benefits, such as major tech companies producing 5G chipsets, high consumption due to large populations, and quick adoption of technology across various sectors.
This market analysis shows that the 5G chipsets industry has tremendous growth potential and plays a vital role in providing next-generation connectivity solutions worldwide.
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Key questions answered in the report-
Which are the high growth market segments in terms of application/chipset type/frequency/ processing node/ deployment/vertical/region?
What was the historical market for 5G chipsets across the globe?
What are the market forecasts and estimates for the period 2020-2027?
Related Reports:
Narrowband-IoT (NB-IoT) Chipset Market: https://www.meticulousresearch.com/product/nb-iot-chipset-market-5139
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Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace.
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