What Has Been The Historical and Current Growth Path of The 5G Chipset Market?
The 5G chipset market has experienced significant escalation in recent years, driven by a host of contributing factors.
• The market evolved from $16.88 billion in 2024 and grew to $22.38 billion in 2025, exhibiting an impressive compound annual growth rate (CAGR) of 32.5%.
Key factors stimulating this growth include the evolution of mobile communication standards, demand for higher data transfer rates, proliferation of Internet of Things (IoT) devices, growth of mobile broadband services, and development of smart cities and connected infrastructure.
Where Is the 5G Chipset Market Projected To Land As per Forecast?
The 5G chipset market is forecast to continue its exponential progression in the coming years.
• The market is predicted to reach $68.68 billion by 2029, with a robust CAGR of 32.4%.
This forecasted growth will be underpinned by the adoption of 5G in industrial automation and IoT, expansion of 5G networks for enhanced mobile connectivity, increasing demand for low-latency and high-bandwidth applications, integration of 5G in autonomous vehicles and smart transportation, and growing deployment of 5G in rural and remote areas.
What Are Key Drivers Triggering The 5G Chipset Market Growth?
A core driver propelling the 5G chipset market is the expanding mobile data traffic. Growth in mobile data traffic signifies an increased need for advanced mobile network performance and reliable data connectivity, which will necessitate 5G networks. For example, the Ericsson Mobility Report reveals that global mobile data traffic is expected to triple by 2029, thereby boosting the development and deployment of 5G chipsets.
What Is The Market Segmentation In The 5G Chipset Market?
Key segments in the 5G chipset market include –
1) By Integrated Circuit: Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimeter Wave Integrated Circuit (mmWave IC)
2) By Operational Frequency: Sub 6GHz, Between 26 and 39 Ghz, Above 39 Ghz
3) By Vertical: Manufacturing, Energy And Utilities, Media And Entertainment, IT And Telecom, Transportation And Logistics, Healthcare, Other Verticals
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What Trends Are Expected to Impact the 5G Chipset Market?
Product innovations stand as the pivotal trend in the 5G chipset market. Major market players are developing innovative products to drive market growth and compete effectively in the dynamic market landscape.
Who Are Crucial Participants In The 5G Chipset Market?
Key players influencing the 5G chipset market include:
• Qorvo Inc.
• Qualcomm Technologies Inc.
• Huawei Technologies Co. Ltd.
• Samsung Electronics Co. Ltd.
• UNISOC Communications Inc.
• Intel Corporation
• MediaTek Inc.
• Infineon Technologies AG
• NXP Semiconductors
• Advanced Micro Devices Inc.
Which Region Is Dominating The 5G Chipset Market?
Asia-Pacific held the largest share of the 5G chipset market in 2024 and is anticipated to maintain the fastest growth rate in the forecast period. Dominance of this region is driven by the region’s rapid implementation of 5G networks, government initiatives to promote digitalization, and escalating number of IoT and smart device users.
