5G Chipset Market

Report Scope & Overview

5G Chipset Market size was valued at USD 18.68 Bn in 2022 and is expected to reach USD 136.38 Bn by 2030, and grow at a CAGR of 28.21% over the forecast period 2023-2030.

A 5G Chipset is a collection of electrical components used to create an integrated circuit. A chipset is also known as a data flow management system. The job of a chipset is to regulate the flow of information that flows through the computer in order for it to work properly. 5G refers to the fifth generation of cellular networking technology. 5G technology aims to provide more data to a broader range of devices. A 5G chipset is an important component of 5G devices since it is engaged in various computing activities. Smartphones, portable hotspots, IoT devices, and, increasingly, laptop PCs with mobile network capability use 5G chipsets to transmit 5G packets.

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In mission-critical and industrial applications, such as airplanes, high-speed railways, ships, and unserved/underserved places where conventional cellular networks fail, combining 5G with a satellite communication system would enable simplified communication. Smart city projects will rely on 5G chipset components to provide seamless connections for smart infrastructure, smart grids, smart lighting, and building energy automation systems. These chipsets are also positioned to become a key component of the manufacturing industry, allowing for ultra-low latency and high-reliability communication for a variety of crucial applications including remote process monitoring and control.

Operators are constructing networks, and IBM is well-positioned to assist them. By October 2020, IBM will have tools in place to assist operators and enterprises with management, service assurance, client technology, analytics, and machine learning. IBM's cloud, security, and infrastructure support services provide a solid platform on which to develop.

MARKET DYNAMICS:

KEY DRIVERS:

• For a variety of applications, there is a growing demand for high-speed internet and vast network coverage.

• Demand for mobile broadband, high-speed data transport, and data and information processing is growing.

• Need for quicker data transmission around the world and data processing efficiency.

RESTRAINTS:

• 5G is projected to be more costly than the present 4G networks.

• In 2019, they were exclusively available to premium smartphone customers.

OPPORTUNITY:

• Across the globe, several nations have already implemented smart city, automobile, and home technologies.

• The proliferation of cellular IoT networks is also driving the 5G chipset market.

• In the long run, the 5G network will significantly boost the country's yearly GDP growth.

CHALLENGES:

• Many phones do not support 5G cellular networks.

• There aren't many 5G phones on the market right now.

• The 5G chipset providers have difficulty in meeting the needs of the worldwide population.

IMPACT OF COVID-19:

Due to the severe impact on major actors working in the supply chain, the COVID-19 outbreak has had a significant influence on the expansion of the reef shark chipset solution in 2020. However, one of the significant drivers driving market expansion during the COVID-19 epidemic is an increase in demand for three-dimensional printing solutions across key industries. During the COVID-19 pandemic, however, the market was primarily hampered by a lack of trained workers and project delays or cancellations owing to partial or total lockdowns throughout the world. Furthermore, after COVID-19, a spike in the deployment of smart infrastructure solutions in the automotive, retail, healthcare, energy & utilities, and consumer electronics industries is likely to boost the 5G chipset market opportunity.

MARKET ESTIMATION:

The market is classified into four types of integrated circuits: radio frequency integrated circuits (RFICs), application-specific integrated circuits (ASICs), cellular integrated circuits (Cellular ICs), and millimeter-wave integrated circuits (MWICs) (mm-Wave IC). In terms of revenue, the application-specific integrated circuit (ASIC) segment led the market in 2021, and this trend is likely to continue over the forecast period.

It's fragmented into three groups based on operational frequency: sub-6 GHz, 26-39 GHz, and over 39 GHz., and over 39 GHz. In 2021, the sub-6 GHz sector generated the most revenue, and it is likely to dominate the market in the next years. The market is divided into three categories based on product: devices, customer premises equipment (CPE), and network infrastructure equipment. In 2021, the devices segment generated the most revenue, and it is expected to gain substantial market share throughout the projected period.

The market is divided into automotive & transportation, energy & utilities, healthcare, retail, consumer electronics, industrial automation, and others based on industry vertical. In 2021, the consumer electronics category dominated the 5G chipset market. However, from 2022 to 2028, the BFSI category is predicted to increase at a rapid rate.

KEY MARKET SEGMENTS:

On The Basis of IC Type:

• ASIC

• RFIC

• Cellular IC

• mmWave IC

On The Basis of Operational Frequency:

• Sub 6GHz

• Between 26 & 39 Ghz

• Above 39 Ghz

On The Basis of Product:

• Devices

• Customer Premises Equipment

• Network Infrastructure Equipment

On The Basis of Industry Vertical:

• Automotive & Transportation

• Energy & Utilities

• Healthcare

• Retail

• Consumer Electronics

• Industrial Automation

• Others

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REGIONAL ANALYSIS:

In 2021, Asia Pacific led the market with the highest share. This is due to the fast increase in investment in 5G-enabled devices and base stations that support 5G New Radio (NR) frequencies. Over the projected period, the rising desire for smart manufacturing in emerging economies such as China and India are expected to fuel the usage of 5G chipset components. In the United States, the market is expected to grow significantly in the next years. Smart homes, smart industries, and smart cities are all receiving significant funding in the United States. At the same time, customers in the United States are increasingly interested in high-resolution online gaming. Furthermore, the country is becoming a leader in self-driving automobiles and smart transportation infrastructure. All of these factors are projected to increase demand for 5G chipset components in the United States.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The major key players are Broadcom, IBM, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd. Qorvo, Infineon Technologies AG & Other Players.

Broadcom -Company Financial Analysis