5G Chipset Market is estimated to be US$ 165.8 billion by 2032; Technological Advancement to Foster Industrial Growth

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Published Date: May 2023

5G Chipset is a component of customer premises equipment and network infrastructure equipment which enables 5G pack transmission on portable hotspots, smartphones, IoT (Internet of Things) devices and notebook PCs with mobile network capabilities. 5G Chipset Market is designed to connect more types of devices than smartphones, faster than 4G and delivers up to 20 Gigabits-per-second (Gbps) peak data rates.

Growing demand for high-speed internet has become the major factor in target market growth. Growth in adoption of 5G in automobiles and increasing cellular and M2M IoT connections has further anticipated the demand for target market growth. Furthermore, continuous growth in technology, rising demand from smart cities, autonomous cars, & healthcare sectors and new product launch is expected to fruitful the demand for 5G Chipset market growth in coming years.

The report “5G Chipset Market, By Chipset (Application-specific Integrated Circuits (ASIC) Type, Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips), By Operational Frequency (Sub-6 GHz, between 26 and 39 GHz, above 39 GHz), By End User (Consumer Electronics, Healthcare, Retail) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

In September 2022, Qualcomm launched 5G chipsets for budget and mid-segment phones. New launched 5G chipsets, “Snapdragon 6 Gen 1” and “Snapdragon 4 Gen 1” provides upgrades in their series which enables advancement in capture, entertainment, connectivity and artificial intelligence (AI).
In January 2023, Huawei launched 5G multi-mode chipset “Balong 5000” and “5G CPE Pro” to provide high-speed connections needed for pervasive intelligence and also enable consumers to access networks more freely and to enjoy fast connected experience.

Analyst View:

The key factor driving the growth of the 5G Chipset market is increasing demand for 5G Chipset due to rising demand for high speed internet. Deployment of 5G network in developing countries and partnerships and collaborations of companies to develop 5G network is expected to fuel the demand for 5G Chipset market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables and 35 figures* through 140 slides and in-depth TOC on* “5G “5G Chipset Market, By Chipset (Application-specific Integrated Circuits (ASIC) Type, Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips), By Operational Frequency (Sub-6 GHz, between 26 and 39 GHz, above 39 GHz), By End User (Consumer Electronics, Healthcare, Retail) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

5G Chipset Market accounted for US$ 19.7 billion in 2022 and is estimated to be US$ 165.8 billion by 2032 and is anticipated to register a CAGR of 22.4%. The 5G Chipset Market is segmented based on Chipset, Operational Frequency, End User, and Region.

Based on Chipset, 5G Chipset Market is segmented into Application-specific Integrated Circuits (ASIC) Type, Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips.
Based on Operational Frequency, 5G Chipset Market is segmented into Sub-6 GHz, between 26 and 39 GHz, above 39 GHz.
Based on End User, 5G Chipset Market is segmented into Consumer Electronics, Healthcare, Retail.
By Region, the 5G Chipset Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of 5G Chipset Market:

The prominent players operating in the 5G Chipset Market includes, Qualcomm Technologies Inc., MediaTek Inc., Intel Corporation, Samsung Electronics Co. Ltd., Xilinx Inc., Nokia Corporation, Broadcom Inc., Infineon Technologies AG, Huawei Technologies Co. Ltd., Integrated Device Technology Inc., Anokiwave Inc., Qorvo Inc., MACOM Technology Solutions Holdings Inc., Cavium Inc., Advanced Micro Devices, Inc. Texas Instruments, Inc. NXP Semiconductors NV, Analog Devices, Inc., and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period