Global 5G chipset Market: Key Highlights
Global 5G chipset Market: Key Market Dynamics
Global 5G chipset Market: Regional Overview
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 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. 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. 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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