The market for 5G Chipset Market is expected to reach USD$ XX in 2027.
The market for 5G chipsets is still in the development and testing stages and is expected to witness strong growth upon complete commercialization, evolving quickly beyond the early adopter stage to reach the mass market in the coming years. The global 5G chipsets market is poised to register a double-digit CAGR of 39.5% between 2019 and 2027, becoming a multi-billion dollar market in the coming years.
North America represents the largest 5G chipset market worldwide, closely followed by Asia Pacific and Europe respectively. The U.S. remains the engine of growth, accounting for over 90% of the total North American market value. The strong market position of the region is primarily due to several factors, including the presence of a large base of established manufacturers, sophisticated IT infrastructure, and relatively greater penetration of technologies like IoT, big data, and artificial intelligence across different industry verticals.
The multitude of research and resulting investments dedicated to developing next-generation network technologies bode well for market growth in the region. In addition, increased initiatives taken by the U.S. government in a bid to ensure better rural connectivity will drive market demand during the forecast period. On the other hand, Asia Pacific is foreseen to become the most profitable business destination for 5G chipset manufacturers during the forecast period of 2019–2027.
Government initiatives supporting investments in smart city projects and 5G technology are expected to help the 5G chipset market gather steam in the region. Countries including China, South Korea, and Japan are spending huge amounts on developing 5G infrastructure. For instance, China has already laid down a five-year plan covering a US$ 400 billion budget for 5G-related investments.
Application-specific integrated circuits (ASIC)-based 5G chipsets are estimated to be the largest revenue-generating variants in the global 5G chipset market. One of the major factors expected to propel the adoption of ASIC-based 5G chipsets is the proliferation of the consumer electronics industry, especially in developing countries; increased industrial automation; and steady growth in the telecommunications industry worldwide. Over the past few years, mobile devices, including smartphones, laptops, and tablets, have witnessed colossal penetration worldwide.
Some of the leading manufacturers profiled in the research study include Infineon Technologies, Qualcomm Technologies, MediaTek Inc., Intel Corporation, Qorvo Inc., Broadcom Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Analog Devices Inc., Anokiwave Inc., Nokia Corporation, IBM Corporation, and others.
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2019 to 2027, considering 2019 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
The market for 5G Chipset Market is expected to reach USD$ XX in 2027.
The 5G Chipset Market is expected to see significant CAGR growth over the coming years, at 39.5%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Qualcomm Technologies, MediaTek Inc., Intel Corporation, Qorvo Inc., Broadcom Inc., Xilinx Inc., Huawei Technologies Co. are some of the major players in the global market.