5G Chipset

5G Chipset

The 5G Chipset market was valued at USD xx million in 2021 & is expected to grow at a CAGR of 20% from 2022-2028. A 5G chipset is a cutting-edge part of customer premises equipment and network infrastructure equipment that is specifically designed to allow users to build a 5G-based wireless network that aligns with industry standards. With the increasing number of internet-connected devices, there is a growing need for a new wireless infrastructure known as 5G. 5G is the next generation of mobile networks after 4G LTE, and it offers faster internet speeds and more reliable connections, making it ideal for use with the Internet of Things (IoT) and essential communications. This technology enables a seamless global connection by expanding the operational frequency beyond mobile internet to support IoT and essential communications. The 5G chipset market is expected to experience substantial growth during the forecast period, driven by the rising number of M2M/IoT connections. The demand for high-speed internet and extensive network coverage also contributes to the growth of the market. Additionally, the increasing need for mobile broadband frequency is expected to drive the growth of the 5G chipset market.

However, high investment and technological and infrastructure challenges in implementing 5G networks pose a significant challenge to the market growth. Additionally, privacy and security concerns also restrict the growth of the market. On the positive side, government initiatives for building smart cities in the Asia-Pacific region present lucrative opportunities for the growth of the 5G chipset market during the forecast period.

• On the basis of type, the market is segmented into Application-specific Integrated Circuits (ASIC), Radio Frequency Integrated Circuits (RFIC), Millimeter-wave Technology Chips, and Field Programmable Gate Arrays (FPGA). The Application Specific Integrated Circuit (ASIC) segment held the largest market share in 2022. It is owing to its unique benefits, such as being very small and light in weight, which ultimately makes the system compact. Also, the cost of Application Specific Integrated Circuit (ASIC) is comparatively less than other alternatives. Furthermore, Radio Frequency Integrated Circuit (RFIC) and Millimeter Wave Integrated Circuit (mm Wave IC) continue to follow the same trends in the forecast period.
• On the basis of operational frequency, it is segmented into sub-6 GHz, between 26 & 39 GHz, and above 39 GHz. The 26-39 GHz segment dominated the market in 2022, generating significant revenue due to the increasing use of these chipsets in the automotive and IT & telecom industries to transfer large volumes of data. This segment is also expected to grow at the highest CAGR during the forecast period. The sub-6GHz segment is also expected to follow the same trend, as it can carry more data than the 2.4GHz range as it has more space to travel data. Additionally, the above 39 GHz segment is also expected to grow due to its increasing use in the energy & utility sector.
• On the basis of end-users, the market is segmented into Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, and Others. The IT & Telecom segment held the largest market share in 2021, accounting for more than 36.0% of the global revenue. This is due to the significant efforts of major manufacturers in creating 5G chipset modules for telecom base stations, broadband gateway devices, and other communication equipment. As data-intensive applications such as video streaming and cloud services become more widespread, there is a growing need for faster and more reliable networks. The use of 5G chipsets in IT and telecommunications infrastructure can address this demand by providing faster and more efficient data transfer, thereby enhancing overall infrastructure performance.
• For a better understanding of the market adoption of the 5G chipset industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is a major contributor to the growth of the market being studied, with the United States accounting for the majority of the market share in the region. This growth is primarily driven by the increasing demand for IoT, M2M Communications, mobile broadband, and other emerging applications. Additionally, the United States, being home to several prominent players in the market and a frontrunner in the adoption of 5G connections, is expected to significantly influence the growth of the market studied.
• Some of the major players operating in the market include Huawei Technologies, Inc, MediaTek Inc, Intel Corporation, Samsung, Infineon Technologies AG, Qualcomm Technologies, Inc, Unisoc Communications Inc., Qorvo, Inc., Anokiwave, Inc, and Xilinx.