CRI Report has released a report titled “5G Chipset Market – Analysis of Market Size, Share & Trends for 2019– 2020 and Forecasts to 2030” which is anticipated to reach USD 78.5 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 27.2% between 2020 and 2030. According to the report, in the efforts to maintain intense competition environments, many vertical industries are concentrating more aggressively on technological changes to improve ultimate productivity and operational efficiency. 5G wireless technology has the potential to support notable vertical transformations by reducing overall cost and increasing profitability. Further emphasis will continue on enhancing energy monitoring and management as well as better access to the network for energy production and distribution over the projected timeframe.
The market report on global 5G Chipset Market includes in-depth insights as:
- The estimated value of the market was USD 13.2 billion in the year 2020.
- Global 5G Chipset in APAC held the largest market share in the year 2020 in terms of revenue.
- Global 5G Chipset is divided by network type into sub-6GHz, mmWave, and sub-6GHz + mmWave
- Global 5G Chipset market is segmented by processing node type into 7mm, 10mm, and others.
- Global 5G Chipset market is segmented by End-user into Manufacturing, Healthcare, IT and telecom, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture and Others.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“The 5G chipset market is expected to expand in response to rising demand for high-speed internet and broad network coverage for a variety of applications, including distance learning, autonomous driving, multiuser gaming, videoconferencing, live streaming, telemedicine, and augmented reality. The development of 5G wireless technology is being driven by rising demand for mobile broadband technology, high-speed data transfer, and data and information processing. It’s also likely to improve mobile network capacity and close the gap between low and marginal network coverage and data access that exists in today’s network generations (3G/4G)”, said a lead analyst at CRI Report.
A 5G Chipset is a collection of electronic components that go together to form an integrated circuit. A data flow management system is another name for a chipset. The purpose of a chipset is to essentially control the flow of data that passes through the device in order for it to function properly. The fifth generation of cellular networking technology is referred to as 5G. The aim of 5G technology is to provide more data to a broader range of devices. Since the chipset is involved in many functions of the computer, a 5G chipset is an essential component of 5G devices. Smartphones, portable hotspots, IoT computers, and, increasingly, laptop PCs with mobile network capabilities use 5G chipsets to transmit 5G packets. Sub-6GHz bands will be combined with modern MIMO antenna systems in 5G mobile devices, as well as high-frequency millimeter-wave (mmWave) bands with strongly oriented beam-steering.
Global 5G Chipset market is segmented by End-user into Manufacturing, Healthcare, IT and telecom, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture and Others. In 2020, the IT and telecom sectors dominated the industry. This can be due to the major players’ large investments in developing 5G chipset modules for telecom base stations, broadband gateway systems, and other networking devices. Furthermore, manufacturing, electricity and infrastructure, media and entertainment, IT and telecom, transportation and logistics, and healthcare have all seen an increase in demand for next-generation chipsets. Over the forecast era, the IT and telecom segment is expected to be driven by rising demand for high-speed data connectivity for virtual meetings and other corporate applications.
Key Players in the Market
- Some of the key players operating in the global 5G Chipset Market are Qualcomm Incorporated, Intel Corporation, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., MediaTek Inc., Infineon Technologies AG, Unisoc Communications, Inc., Xilinx Inc., Qorvo, Inc., and other prominent players
Get Valuable Insights into Global 5G Chipset Market
In the new report, CRI Report thrives to present an unbiased analysis of the global 5G Chipset Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Global 5G Chipset is divided by network type into sub-6GHz, mmWave, and sub-6GHz + mmWave. Global 5G Chipset market is divided by processing node type into 7mm, 10mm, and others. Global 5G Chipset market is segmented by End-user into Manufacturing, Healthcare, IT and telecom, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.