5G Chipset Market By Product (Customer Premises Equipment (CPE), Network Infrastructure Equipment, and Devices), By Operational Frequency (Sub-6 GHz, Between 26 and 39 GHz, and Above 39 GHz), By IC Type (Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), and Millimeter Wave Integrated Circuit (mmWave IC)), and By End User (Healthcare, Automotive & Transportation, Energy & Utilities, and Industrial Automation) – Global Analysis & Forecast 2019-2030

Report ID : 344  |  Published Date : Apr 2020  |  Pages : 160  |  Region : Global  |  Report Code : ICT-32





5G Chipset Market Introduction & Overview

5G (fifth generation) is the next generation of wireless technology systems with faster upload & download speeds when compared with previous generations. The utilization of shorter frequencies (millimeter waves between 30GHz and 300GHz) is the reason that makes 5G faster. This high-band 5G spectrum offers anticipated improvements, not just in terms of speed but also quality, low latency, and capacity. The early testing of this technology demonstrates real-world speeds of 700-3000 Mbps (3 Gbps), which users may experience until 5G becomes commercially available. 5G will take seconds to download movies that took minutes with 4G networks. Although smartphones and other mobile devices are the obvious use cases of 5G, the technology finds several other applications. For example, the Internet of Things (IoT) would greatly benefit from the high speeds and the bandwidth that 5G provides. Robotic surgeries, autonomous vehicles, and critical infrastructure monitoring are some potential applications of 5G-enabled IoT. A 5G chipset is an important element of 5G-enabled smartphones, tablets, routers, and base stations. A part of the 5G chipset enables device users to access 5G networks and experience improved performances.

The 5G chipset market is driven by factors, such as reduced latency, greater bandwidth, maximum network capacity, low power utilization for cell phones as well as IoT devices, and extensive coverage. Also, enhanced cellular networking capabilities, increased mobile broadband utilization, increased process efficiency with the implementation of 5G, improved multitasking capabilities, and the demand for high internet speeds add to growth of the 5 G chipset market. Moreover, rapid advancements in mobile systems that are based on wireless internet, such as home automation devices, drones, self-driving cars, and others, are expected to contribute to the 5G chipset market.

However, setting the 5G standard requires very high infrastructure costs wherein multiple low-power base stations (small cells) need to be deployed to achieve higher network capabilities. This may hamper market growth to a certain extent.

The global 5G chipset market can be segmented into product, operational frequency, IC type, end-user, and region.

5G Chipset Market By Product

Based on the product, the market can be segmented into Customer Premises Equipment (CPE), network infrastructure equipment, and devices. The devices segment occupied the largest market share during the forecast period owing to factors such as the proliferation of consumer electronic devices for communication facilities, entertainment purposes, and office-home activities. These include smartphones, smart television, and others.

5G Chipset Market By Operational Frequency

Based on operational frequency, the market can be segmented into sub-6 GHz, between 26 and 39 GHz, and above 39 GHz. The sub-6 GHz segment occupied the largest market share during the forecast period owing to factors, such as the widespread coverage, support for multiple use cases, and sub-1GHz frequency supporting 5G services in rural, urban, and suburban areas.

5G Chipset Market By IC Type

Based on IC Type, the market can be segmented into Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), and Millimeter Wave Integrated Circuit (mmWave IC). The ASIS segment accounted for the largest share, owing to factors such as high chipset costs and the demand for 5G-enabled smartphones.

5G Chipset Market By End User

Based on the end-user, the market can be classified into automotive & transportation, energy & utilities, healthcare, industrial automation, and others. The industrial automation segment is expected to exhibit the highest CAGR during the forecast period. Factors, such as the increasing need to create seamless wireless communication between various sensors, actuators, and robots in industries and the implementation of various digitalization technologies to automate production lines, are adding to market growth.

5G Chipset Market By Region

Based on the region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). North America dominated the global 5G chipset market owing to robust investments in building smart houses, online gaming with better graphics, and the adoption of self-driving cars. However, Asia Pacific is expected to register the highest CAGR during the forecast period owing to the growing preference for smart manufacturing, integration of the IoT in projects, and the adoption of advanced technologies.

5G Chipset Market Prominent Players

Some of the key players operating in the 5G chipset market include Qualcomm Technologies, Inc., Intel Corporation, Nokia, SAMSUNG, Xilinx, IBM, Infineon Technologies AG, Renesas Electronics Corporation, Qorvo, Inc., Anokiwave, and others.