The global 5G chipset market size is expected to grow from $7.14 billion in 2021 to $9.83 billion in 2022 at a compound annual growth rate (CAGR) of 37.6%. The global 5G chipsets market size is expected to grow to $32.19 billion in 2026 at a CAGR of 34.5%.
What is the Global 5G Chipset Market?
The 5G chipset market consists of sales of 5G chipsets by entities (organizations, sole traders, and partnerships) that enables 5G packet transmission and manage the flow of information. 5G chipset is an integrated circuit also known as a data flow management system made up of electronic components. It is a key component added to 5G devices that helps in connecting the next-generation network.
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What drives the Global 5G Chipset Market?
The growing mobile data traffic is significantly contributing to the growth of the 5G chipset market. Mobile data traffic refers to the amount of data flowing across a network within the entire internet at a given point in time. The expanding mobile data traffic necessitates improved mobile network performance and data connectivity, which will be maintained in future 5G network generations, thereby propelling the development of 5G chipsets. For instance, according to Ericsson Mobility Report, a Sweden-based telecommunications company, the global mobile data traffic is estimated to reach 288EB per month, a growth by a factor of around 4.4 by 2027. Therefore, the growing mobile data traffic is expected to propel the growth of the 5G chipset market going forward.
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Global 5G Chipset Market Segments
The global 5G chipset market is segmented:
By Integrated Circuit: Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimeter Wave Integrated Circuit (mmWave IC)
By Operational Frequency: Sub 6GHz, Between 26 and 39 Ghz, Above 39 Ghz
By Vertical: Manufacturing, Energy and Utilities, Media and Entertainment, IT and Telecom, Transportation and Logistics, Healthcare, Others
By Geography: The regions covered in the 5G chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
5G Chipset Global Market Report 2022provides market size and growth forecasts for the global 5G chipset market, global 5G chipset market share, 5G chipset market segments and geographies, 5G chipset market competitive landscape including leading competitors’ revenues, profiles and market shares. The 5G chipset market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global 5G Chipset Industry Playersinclude Qorvo Inc, Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co., Ltd., UNISOC, Intel Corporation, MediaTek Inc., Infineon Technologies AG, Xilinx, Nokia Corporation, Skyworks Solutions Inc., NXP Semiconductors, Advanced Micro Devices Inc, and IBM. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
