5g Chipset Market To Reach USD 32.6 Billion By 2027 | CAGR 49.1% - Forencis Research

5G Chipset Market Size, Share, Trends, Growth, Analysis, Research

Global 5G chipset Market: Key Highlights

  • According to the new market research report “5G Chipset Market by IC Type (RFIC, ASIC, SoC, mmWave IC, Cellular IC), by Frequency Range (Sub-1GHz, 1GHz-6GHz, Above 6GHz), by Application (Consumer Electronics, Infrastructure Solutions, Customer-premises Equipment, Others), by End User (Automotive, Manufacturing, Healthcare, Entertainment, Others), by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast (2019 to 2027)”, the global 5G chipset market is estimated to reach USD 32.6 Billion by 2027 at a CAGR of 49.1% during forecast period 2019-2027.
  • Increasing adoption of IoT devices and expanding demand for high-speed internet, are few factors among others, which are expected to drive the 5G chipset market during the forecast period.
  • However, policy and regulation modernization and increasing vulnerability to cyber threats   are few factors among others, which are expected to challenge the growth of the market during the forecast period.

5G Chipset Market

Global 5G chipset Market: Key Market Dynamics

  • Increasing adoption of Internet of Things (IoT) is expected to drive the market of 5G chipset as the deployment of 5G network may increase the speed of IoT devices compared to conventional mobile data networks.
  • Increasing demand of high-speed internet is expected to drive the market as incorporating 5G may ease interconnection of user and devices by providing high speed, less power consumption and low latency.
  • Integration of 5G and Artificial intelligence (AI) is expected to rise the market in near future as 5G may provide high-speed services to the AI devices, which can result in faster data fitting, optimization, and reasoning making AI more reliable.
  • Growing Demand of autonomous vehicle is expected to rise the market in near future as the self-driving feature is growing exponentially and implementation of 5G can help in vehicle-to-vehicle connectivity. 
  • Policy and regulatory modernization can hinder the growth of the market, as there is no structured governance framework regarding installation and deployment of 5G technology and its infrastructure.

Global 5G chipset Market: Regional Overview

  • Europe

The 5G chipset market shows remarkable growth in the European region. In 2017, Slovenia and Hungary signed a memorandum to conduct a pilot project in the domain of 5G technology for using that in public safety, protection and rescue that may help in reducing costs in disaster management and other such events. In 2018, Digital Affairs Ministry of Poland, the polish Development Fund (PFR) and domestic telecom operators signed an agreement to create 5G mobile communication network in the country.

Hence, increasing investments in the 5G technology is expected to boost the 5G chipset market in the region.

  • Asia-Pacific

Asia-pacific is expected to be fastest growing market in the 5G chipset. The region has the major market share in mobile industry, as the new subscribers are largely located in this region. Samsung completed testing and verifying feasibility of millimeter wave in the bands of around 28 GHz in Korea. In 2017, Premier of China’s State Council mentioned 5G as one of the rising technology, which needs stimulation. Moreover, all Chinese mobile operators started investing in deployment of 5G network. International Mobile Telecommunication (IMT)-2020 was formed back in April 2013 in China to promote the 5G technology across the globe.

Hence, growing adoption of 5G technology is expected to boost the 5G chipset market in the region.

Global 5G chipset Market: Key Players Overview

  • Qualcomm, Inc.:

Qualcomm, Inc. is a US-based multinational company that operates in designing and manufacturing of semiconductor and telecommunication equipment. The company majorly deals in manufacturing of chips and patent licensing. The company through its subsidiary Qualcomm Technologies, Inc. functions in mobile platform, compute platform, XR platform, 5G modems. In September 2019, Qualcomm Technologies, Inc. announced fast commercialization of 5G globally by including 5G technology in its mobile platforms covering Snapdragon 8 Series, 7 Series, and 6 Series.       

  • Huawei Technologies Co., Ltd.:

Huawei Technologies Co., Ltd. is a China-based multinational company that provides Information and Communication Technology (ICT) infrastructure and smart devices. It provides products, services and solutions for enterprises and carriers, consumer electronics and cloud products and services. In January 2019, Huawei launched 5G multi-mode chipset Balong 5000 and 5G device Huawei 5G CPE Pro. The chipset can be used in various devices such as home broadband devices, vehicle mounted devices, and 5G modules. In September 2019, company announced Kirin 990 a 5G chipset, which support non-standalone and standalone architectures simultaneously.   

 

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Rep Id : SC 039

Published : 2020-01-29