5G Chipsets Market - By Type (Modem Chipsets, RF Transceivers (RFICS), System-On-Chips (Socs)) By Deployment Type (Telecom Base Station Equipment, Smartphones/Tablets, Connected Vehicles, Connected Devices), By Technology Mode, By Vertical, Forecast 2024

5G Chipsets Market - By Type (Modem Chipsets, RF Transceivers (RFICS), System-On-Chips (Socs)) By Deployment Type (Telecom Base Station Equipment, Smartphones/Tablets, Connected Vehicles, Connected Devices), By Technology Mode, By Vertical, Forecast 2024 - 2032

5G chipsets market size is expected to record over 17% CAGR from 2024 to 2032, driven by the proliferation of smartphones and other connected devices, coupled with the rising trend of smart cities and autonomous vehicles. According to recent data, 1 in 5 smartphone users are on their phones for 4.5 hours or more in a day. Additionally, the integration of 5G technology in various industries, such as healthcare, manufacturing, and agriculture is creating new avenues for the market growth.

The relentless pursuit of faster data speeds, reduced latency, and enhanced network capacity are further propelling the adoption of 5G chipsets, promising transformative possibilities across multiple sectors. Advancements in telecommunications infrastructure, increasing demand for high-speed data connectivity, and the burgeoning Internet of Things (IoT) ecosystem are among the other primary drivers stimulating the industry expansion.

The 5G chipsets market is classified based on type, deployment type, technology mode, vertical, and region.

In terms of type, the market size from the RF transceivers (RFICs) segment is expected to record over 17% CAGR till 2032 due to the paradigm shift as industries transition towards 5G-enabled solutions. RFICs facilitate efficient communication between devices and 5G networks as they help to convert digital data into analog signals for transmission while converting received analog signals back into digital data. With 5G operating across a diverse range of frequency bands like sub-6 GHz and mmWave frequencies, RFICs support different frequency bands for ensuring compatibility with various 5G deployment scenarios.

5G chipsets industry from the consumer electronics vertical segment is predicted to witness substantial growth through 2032 owing to the increasing preference for connected devices, including smartphones, tablets, wearables, and smart home appliances. The insatiable appetite of consumers for high-definition video streaming, online gaming, and immersive augmented reality experiences is compelling manufacturers to incorporate 5G capabilities into their latest offerings, thereby stimulating the segment expansion.

North America 5G chipsets market size will expand significantly at over 16.5% CAGR from 2024 to 2032 attributed to the robust infrastructure, coupled with early investments in 5G deployment. Major telecommunications players are aggressively rolling out 5G networks across urban centers and metropolitan areas for catering to the escalating demand for high-speed connectivity. Moreover, strategic partnerships between industry stakeholders and government initiatives aimed at fostering 5G development will further bolster the regional market growth.