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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
5G Chipset Market Share
Radio frequency integrated circuits (RFIC) maintain their dominance in the market due to their rising usage in smartphones
Radio frequency integrated circuits (RFIC) occupy a significant share in the 5G chipset market based on chipset type as they are commonly used in wireless devices, including smartphones. Advanced RFIC is utilised to support high-frequency transmissions as due to the high mobile traffic, higher bandwidth is required. These chipset types are especially useful in newer versions of smartphones with multiple functionalities like Wi-Fi, GPS, and 5G connectivity. Meanwhile, application-specific integrated circuits (ASIC), are anticipated to witness steady growth in the coming years to meet the demand for fulfilling targeted tasks.
Application-specific integrated circuits (ASIC) are anticipated to grow at a sizeable rate in the coming years. Because of their high performance and energy efficiency, ASICs are commonly used in 5G infrastructure equipment, such as base stations, and in high-end 5G smartphones.
Consumer electronics account for a major share due to widespread adoption of 5G chipset in smartphones
Consumer electronics occupy a substantial market share. Smartphones, in particular, are the primary drivers of the 5G chipset market due to their widespread adoption and the rapid rollout of 5G networks globally. As consumers upgrade to 5G-enabled smartphones to take advantage of faster data speeds and improved connectivity, the demand for 5G chipsets in this segment is significant, making it the largest in the market.
The automotive and transportation sector is expected to grow significantly in the 5G chipset market as it is increasingly adopting 5G technology for applications such as connected vehicles, autonomous driving, vehicle-to-everything (V2X) communication, and smart transportation infrastructure. 5G chipsets are crucial for enabling these applications, providing the necessary high-speed, low-latency communication.
5G Chipset Market Report Snapshots
5G Chipset Market Regional Analysis
*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.*
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Key Questions Answered in the Report
The 5G chipset market forecast indicates a promising growth rate at a CAGR of 65.1% between 2024 and 2032.
Major driving factors for the market include rising demand for high speed internet, increasing usage in the healthcare sector for faster emergency access, and growing demand for inter-vehicle communication in automobiles.
The key trends of the market include the development of advanced technology, rising demand of latest network transceivers in the gaming community, and widespread adoption in smartphones and other smart devices.
The major regional markets for 5G chipsets are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The various chipset types in the market for 5G chipsets include-application specific integrated circuits (ASIC), radio frequency integrated circuit (RFIC), millimetre wave technology chips, and field-programmable gate array (FPGA)
The significant operational frequencies of 5G chipsets are sub-6 GHz, between 26-39 GHz, and above 39 GHz.
The different end uses of 5G chipsets in the market are consumer electronics, industrial automation, automotive and transportation, energy and utilities, healthcare, and retail, among others.
The major players in the market are MediaTek Inc., Samsung Electronics Co. Ltd, Qualcomm Technologies, Inc., Nokia Corporation, Huawei Device Co., Ltd., and Intel Corporation, among others.
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