5G Chipset Market by IC Type (ASIC, RFIC, Cellular IC, and mmWave IC), Operational Frequency (Sub 6GHz, Between 26 & 39 GHz, and Above 39 GHz), Product (Devices, Customer Premises Equipment, and Network Infrastructure Equipment), and Industry Vertical (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Consumer Electronics, Industrial Automation, and Others): Opportunity Analysis and Industry Forecast, 2021–2030
The 5G chipset market size was valued at $13.26 billion in 2020, and is projected to reach $92.05 billion by 2030, registering a CAGR of 21.8% from 2021 to 2030. 5G chipset is the primary component of consumer devices, customer premises equipment, and network infrastructure equipment that enables the end-user to create a wireless network based on the 5G standard.
The growth of the 5G chipsets market is majorly driven by the rise in demand for high-speed internet and large network coverage coupled with proliferation of M2M/IoT connections. Furthermore, increase in demand for mobile broadband services is anticipated to drive the market growth. However, privacy and security concern, high investment, and technological & infrastructure challenges in the implementation of 5G network act as a prime restraint of the market. On the contrary, surge in government initiatives for building smart cities in Asia-Pacific is anticipated to provide lucrative opportunities for the expansion of the 5G chipsets market during the forecast period.
Segment Overview
The 5G chipset market is segmented by IC type, operational frequency, product, industry vertical, and region. Based on IC type, the market is divided into radio frequency integrated circuit (RFIC), application-specific integrated circuit (ASIC), cellular integrated circuit (Cellular IC), and millimeter wave integrated circuit (mmWave IC). Based on operational frequency, it is segmented into sub-6 GHz, between 26 & 39 GHz, and above 39 GHz. By product, the market is classified into devices, customer premises equipment (CPE), and network infrastructure equipment. Based on industry vertical, the market is bifurcated into automotive & transportation, energy & utilities, healthcare, retail, consumer electronics, industrial automation and others. Region-wise, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and the rest of the Europe), Asia-Pacific (China, India, Japan, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Qorvo, and Infineon Technologies AG. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
Key Market Segments
By IC Type
ASIC
RFIC
Cellular IC
mmWave IC
By Operational Frequency
Sub 6GHz
Between 26 & 39 Ghz
Above 39 Ghz
By Product
Devices
Customer Premises Equipment
Network Infrastructure Equipment
By Industry Vertical
Automotive & Transportation
Energy & Utilities
Healthcare
Retail
Consumer Electronics
Industrial Automation
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Qualcomm Technologies, Inc.
Broadcom
Intel Corporation
Nokia Corporation
Samsung Electronics Co., Ltd.
Mediatek Inc.
Xilinx Inc.
Huawei Technologies Co., Ltd.
Qorvo
Infineon Technologies AG
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