Top 6 Companies Dominating the Global 5G Chipset Market

MediaTek Inc., Samsung Electronics Co. Ltd, Qualcomm Technologies, Inc., Nokia Corporation, Huawei Device Co., Ltd., and Intel Corporation among others are the major players in the global 5G chipset market.

The global 5G chipset market is projected to grow at a CAGR of 65.1% between 2024 and 2032. As per the analysis by Expert Market Research, the significant rise in the usage of devices that use 5G technology such as laptops, IoT devices and automotive systems are driving the market growth.

The growth in this market is led by the push in technology in developing powerful chipsets, advancements in semiconductor technology & manufacturing processes along with the integration of artificial intelligence capabilities, efficient power management and heat management capabilities.

The rise of 5G capable devices is driving the 5G chipset market growth owing to the rising adoption of 5G technologies in wearable and handheld devices like desktops and laptops. Major network carriers are improving their products to enable the newest fifth-generation networks and new smartphone models that include features compatible with 5G. Digital platform advancements have led to the creation of advanced hardware and automation made possible by 5G chipsets. Its rapid internet data transfers are made possible by its rapid speed and smooth network connection.

The proliferation of the Internet of Things (IoT) devices in industries like automobile, manufacturing and healthcare also fuels demand for chipsets, aiding the 5G chipset market development. They are used fundamentally in modems that enable devices to connect to 5G networks through seamless reception of wireless signals. They are also used in System-on-Chip (SoC) solutions, RF front-end modules, automotive, and security solutions and other purposes. The development of chipsets that offer new capabilities like ultra-reliable low-latency communication is being driven by the advancement of 5G networks towards advanced standards like 5G-Advanced.

In November 2023 MediaTek, a Taiwan-based fabless chip maker launched Dimensity 8300, a 5G chipset with generative artificial intelligence capabilities focused on making the premium smartphone range more energy-efficient and providing them enhanced AI and hyper-realistic entertainment capabilities along with effortless connectivity. In February 2024, Apple agreed to extend its patent licence agreement to 5G modem with Qualcomm till March 2027. Apple's in-house modem production capabilities are not on par with industry standards which provides opportunities for key players like Qualcomm to become third-party modem suppliers for giants like Apple.

Top 6 5G Chipset Companies in the World:

MediaTek Inc.

MediaTek facilitate the production of more than 2 billion consumer electronics and products across the globe. The company boasts a very wide portfolio of semiconductors and outsources its manufacturing to third-party foundries which makes it a fabless semiconductor manufacturer. The company makes power-efficient chip systems for electronic devices, home entertainment, automotive, and mobile devices. The company claims that their ‘Dimensity 5G chips’ use innovative 5G technology enabling super-fast connectivity.

Samsung Electronics Co. Ltd

Samsung Electronics Co. is renowned for its extensive portfolio of products and technologies, offering smartphones, TVs, network systems, semiconductors, digital appliances, medical devices, and other solutions. It is one of the world’s biggest electronics and technology companies. The company designs, engineers and manufactures 5G chipsets for network equipment and develops innovative 5G chips such as Radio Frequency Integrated Circuit and modem System-on-Chip.

Qualcomm Technologies, Inc.

Qualcomm Technologies, Inc. has more than 170 offices in more than 30 countries across the globe. Its chipsets are used in devices like smartphones, laptops, tablets and VR devices. Their Snapdragon 5G Mobile Platforms use a modem-to-antenna system for a wide range of devices. These chipsets are used to consistently deliver superior coverage and network speed along with outstanding power efficiency. Snapdragon 5G mobile platforms are used in smartphones to harness 5G to its full potential, and are also used in mobile computing, automotive, modem-RF systems and networking & fixed wireless access.

Nokia Corporation

Nokia Corporation is a major player in the business-to-business technology industry, pioneering the industry for cloud and digitalization across a wide range of industries. The rise in digitalization and adoption of mobile services helped Nokia grow owing to the numerous devices and nodes of networks that generate traffic providing a market for 5G services. ‘Nokia ReefShark System-on-Chip (SoC) technology’ is a proprietary technology that provides incredible processing power, power efficiency and connectivity for radio networks. It is based on 3GPP specifications and uses novel silicon chip design which allows for faster 5G deployments.

Huawei Device Co., Ltd.

Huawei is a global leader in the smart devices and information & communications technology infrastructure industry. The company employs more than 1,80,000 individuals with a presence that is prominent in more than 170 countries and regions. It provides services in 4 key sectors which are cloud services, IT, smart devices, and telecommunications networks. Huawei launched the ‘Balong 5000’, which was its 5G multi-mode chipset in 2019. ‘Balong 5000’ is said to have been a pioneer in bringing forth the 5G era, a forebearer of the current 5G technologies.

Intel Corporation

Intel is a global leader in the fields of artificial intelligence, cloud-to-edge technology, and analytics. It provides comprehensive solutions through a wide range of products and services such as software solutions, processors, semiconductors, AI accelerators, network-to-edge and FPGAs & programmable devices. The company employs more than 1,31,000 employees in more than 65 countries, with a total revenue of USD 63 billion in 2022 and investments in research and development estimated to be at USD 17.5 billion.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.