5G Chipset Market is anticipated to grow at a CAGR of 48.9% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “5G Chipset Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global 5G Chipset Market accounted for over US$ 1.3 billion in 2019. It is anticipated to grow at a CAGR of 48.9% from 2019 to 2030.
The growth of the 5G chipset market can be attributed to several factors, such as greater bandwidth, high coverage, reduced latency, and low power utilization for cell phones and IoT devices. The demand for increased internet speeds facilitating fast uploads & downloads coupled with the demand for 5G-enabled smartphones, tablets, routers, and base stations is also contributing to market growth. Moreover, the adoption of advanced technologies, such as robotic surgery, autonomous vehicles, and critical infrastructure monitoring, is further adding to growth of the 5G chipset market.
Factors, such as increased mobile broadband utilization, enhanced cellular networking capabilities, the demand for high internet speeds and increased process efficiency, through the implementation of a 5G system, add to growth of the 5G chipset market. Also, the growing proliferation of the Internet of Things (IoT) & 5G in smart cities and smart infrastructure projects allow gathering information through sensors on a real-time basis. This information is then stored at central monitoring locations. This data is analyzed to improve public utilities & services and infrastructure. Furthermore, the adoption of IoT devices by manufacturing industries to monitor machine performance in real-time to enhance operational efficiency is contributing to growth of the market 5G chipset market. In September 2019, SAMSUNG announced the 5G-Integrated Mobile Processor, Exynos 980 that incorporates the best-in-class connectivity within a single chip with an integrated 5 G modem and intelligent processing performance. The modem of the mobile processor supports 5G to 2G networks, providing a fast gigabit downlink speed in 4 G LTE and up to 2,55-gigabits per second (Gbps) in 5G sub-6 GHz.
However, the high infrastructure costs associated with multiple low-power base stations (small cells) to achieve higher 5G network capacity are expected to restrain the 5G chipset market to a certain extent.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/5g-chipset-market/344
Asia Pacific is estimated to account for the highest CAGR in the 5G chipset market during the forecast period owing to factors such as rapid urbanization, rising economies, the adoption of advanced technologies for smart manufacturing, and integration of the IoT in projects. North America dominated the global 5G chipset market. Factors, such as the adoption of autonomous vehicles, critical infrastructure monitoring, and robotic surgery, are adding to growth of the 5G chipset market in this region
Some of the prominent players 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.
Market Industry Reports is a global leader in market measurement and advisory services. It is a 100% subsidiary of ExlTech. The firm has always been at the forefront of innovations to address worldwide industry trends and opportunities. We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates consumer study in more than 100 countries, providing a tactical approach to drive sustained business growth. We continue to pioneer state-of-the-art approach in research & analysis that will help you to overcome complexities and stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence, we unfold contingencies for our clients in the evolving world of technology, mega-trends, and industry convergence. We inspire our clients to empower and shape their businesses and to build world-class products.