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2022

5g Chipset Market

5G Chipset Market Size, Share, Competitive Landscape and Trend Analysis Report by IC Type (ASIC, RFIC, Cellular IC, and mmWave IC), Operational Frequency (Sub 6GHz, Between 26 & 39 GHz, and Above 39 GHz), Product (Devices, Customer Premises Equipment, and Network Infrastructure Equipment), and Industry Vertical (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Consumer Electronics, Industrial Automation, and Others): Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Himanshu Jangra| Tanuj Barai | Vineet Kumar
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5G Chipset Market Outlook – 2030

The 5G chipset market size was valued at $13.26 billion in 2020, and is projected to reach $92.05 billion by 2030, registering a CAGR of 21.8% from 2021 to 2030.

5G chipset is an enhanced component of customer premises equipment and network infrastructure equipment that is designed to enable the end user to build a wireless network based on 5G-network specifications. The explosion of internet-connected gadgets raises the demand for a whole new wireless infrastructure known as 5G. Fifth-generation wireless (5G) is the next generation of mobile networks after the present 4G LTE mobile network. These networks extend broadband wireless Operational Frequency beyond mobile internet to the Internet of Things (IoT) and essential communications segments, allowing for a perceived completely linked globally.

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In addition, the next-generation cheapest 5G chipset solution is forecast to deliver new levels of efficiency and performance, enabling new user experiences and the interconnection of new sectors. Moreover, the rise in demand for 5G network infrastructure solutions drives the 5G chipset market outlook as it facilitates the interconnection of new industries enabling enhanced efficiency and minimizing cost, thereby driving the 5G chipset industry growth.

The 5G chipset market is expected to witness notable growth during the forecast period, owing to proliferation of M2M/IoT connections. Furthermore, rise in demand for high-speed internet and large network coverage drives the growth of the market. Moreover, increase in demand for mobile broadband operational frequency is expected to propel the growth of the 5G chipset market growth during the forecast period.

However, high investment and technological & infrastructure challenges in the implementation of 5G network and privacy and security concern are some of the prime factors that restrains the market growth. On the contrary, rise in government initiatives for building smart cities in Asia-Pacific is expected to provide lucrative opportunities for the growth of the 5G chipset market during the forecast period.

5G Chipset Market
By Ic Type
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ASIC segment influence the market in 2020, and expected to follow the same in future.

COVID-19 Impact Analysis

The outbreak of COVID-19 has significantly impacted the growth of the reefshark chipset solution in 2020, owing to significant impact on prime players operating in the supply chain. However, rise in demand for three-dimensional printing solution across prime sectors is one of the major factors that propels the market growth during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdown, globally. Furthermore, surge in adoption of smart infrastructure solutions across automotive, retail, healthcare, energy & utility, and consumer electronics sectors is expected to strengthen the 5G chipset market opportunity post COVID-19.

Segment Overview

The 5G chipset market is segmented by IC type, operational frequency, product, industry vertical, and region. On the basis of IC type, the market is divided into radio frequency integrated circuit (RFIC), application-specific integrated circuit (ASIC), cellular integrated circuit (Cellular IC), and millimeter wave integrated circuit (mmWave IC). The application-specific integrated circuit (ASIC) segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period.

5G Chipset Market
By Operational Frequency
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Sub 6Ghz on the Move segment hold domination position in 2020.

On the basis of operational frequency, it is segmented into sub-6 GHz, between 26 & 39 GHz, and above 39 GHz. The sub-6 GHz segment acquired maximum revenue in 2020 and is expected to dominate the market in coming years.

On the basis of product, the market is classified into devices, customer premises equipment (CPE), and network infrastructure equipment. The devices segment was the highest revenue contributor in 2020, and is anticipated to garner significant market share during the forecast period.

5G Chipset Market
By Product
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Devices on the Move segment hold domination position in 2020.

On the basis of industry vertical, the market is bifurcated into automotive & transportation, energy & utilities, healthcare, retail, consumer electronics, industrial automation and others. The consumer electronics segment acquired the largest 5G chipset market share in 2020. However, the BFSI segment is expected to grow at a high CAGR from 2021 to 2030.

Region-wise, the 5G chipset market are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and the rest of the Europe), Asia-Pacific (China, India, Japan, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global digital out of home industry. Major organizations and government institutions in the country are intensely putting resources into the technology.  

5G Chipset Market
By Industry Vertical
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Consumer Electronics segment generated the highest revenue in 2020.

Top Impacting Factors

Significant factors that impact the growth of the global 5G chipset industry include rise in demand for optical scanners solutions paired with growing demand for high-speed internet and large network coverage. Moreover, proliferation of M2M/IoT connections is expected to drive the growth opportunity in the 5G chipset market. However, high investment and technological & infrastructure challenges in the implementation of 5G network and privacy and security concern hampers the growth of the market. On the contrary, surge in government initiatives for building smart cities in Asia-Pacific is expected to offer potential growth opportunity for the 5G chipset market during the forecast period.

Competitive Analysis

Competitive analysis and profiles of the major 5G chipset market players, such as Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Qorvo, and Infineon Technologies AG are provided in this report. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

5G Chipset Market
By Region
2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific segment garner significant market share in 2020.

Key Benefits for Stakeholders

  • This study comprises analytical depiction of the 5G chipset market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall 5G chipset market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The 5G chipset market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
  • The report includes the share of key vendors and 5G chipset market trends.

5G Chipset Market Report Highlights

Aspects Details
5G Chipset Market By IC Type
By IC Type
  • ASIC
  • RFIC
  • Cellular IC
  • mmWave IC
5G Chipset Market By Operational Frequency
By Operational Frequency
  • Sub 6GHz
  • Between 26 & 39 Ghz
  • Above 39 Ghz
5G Chipset Market By Product
By Product
  • Devices
  • Customer Premises Equipment
  • Network Infrastructure Equipment
5G Chipset Market By Industry Vertical
By Industry Vertical
  • Automotive & Transportation
  • Energy & Utilities
  • Healthcare
  • Retail
  • Consumer Electronics
  • Industrial Automation
  • Others
5G Chipset Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
5G Chipset Market By Key Market Players
By Key Market Players
  • Qualcomm Technologies, Inc.
  • Broadcom
  • Intel Corporation
  • Nokia Corporation
  • Samsung Electronics Co., Ltd.
  • Mediatek Inc.
  • Xilinx Inc.
  • Huawei Technologies Co., Ltd.
  • Qorvo
  • Infineon Technologies AG

Analyst Review

The market for 5G chipset is predicted to develop at an exponential rate during the forecast period. Improved precision, efficiency, and speed of operations in 5G embedded devices are likely to fuel market growth. Moreover, the 5G network quickly grows as a result of the rise in demand for interconnected device requirements across prime economies, which generates a rich roadmap of the Internet of Things for the growth of 5G chip solutions. In addition, the surge in demand for the Internet of Things and smart infrastructure solutions in the consumer electronics, residential, commercial, and healthcare sectors are expected to drive the growth of the market in the coming years.

The 5G chipset market is highly competitive, owing to the strong presence of existing vendors. 5G chipset vendors who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

Surge in adoption of 5G network solution across emerging economies drive the need to enhance 5G chipset solutions. Moreover, prime economies, such as China, South Korea, and Japan, plan to develop and deploy fifth generation cellular network solutions across various sectors. For instance, on November 2021, Chip designer, MediaTek Inc., announced the launch of new 5G smartphone chip that is expected to be used in premium-priced Android smartphones, which is anticipated to provide lucrative opportunities for market growth.

Among the analyzed regions, Asia-Pacific exhibits the highest adoption rate of and has experienced massive expansion of the market. On the other hand, LAMEA is expected to grow at a faster pace, predicting lucrative growth due to emerging countries, such as Brazil, Dubai, and others, investing in these technologies. Regions, such as the Middle East and Latin America, are also expected to offer new opportunities in the digital out of home market.

Globally, various key players and government agencies operating in 5G chipset market are investing in next generation 5G cellular solution to make them compatible with various industrial platforms. For instance, on July 02, 2021, according to the South Korean newspaper Korea Herald, South Korea by the end of May was valued at 15.8 million 5G subscribers. According to the report, 5G network subscribers in South Korea at the end of May 2021 was increased to more than 15.7 million mobile subscriptions in the country, which showcases lucrative growth opportunities for the market growth. 

The key players profiled in the report include Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Mediatek Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Qorvo, and Infineon Technologies AG.

Author Name(s) : Himanshu Jangra| Tanuj Barai | Vineet Kumar
Frequently Asked Questions?

The 5G chipset market is estimated to grow at a CAGR of 21.8% from 2021 to 2030.

The 5G chipset market is projected to reach $92.05 billion by 2030.

To get the latest version of sample report

Rise in demand for high-speed internet and large network coverage, Increase in demand for mobile broadband operational frequency.

The key players profiled in the report include Qualcomm Technologies, Inc., Broadcom, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., and many more.

On the basis of top growing big corporations, we select top 10 players.

The 5G chipset market is segmented on the basis of IC type, operational frequency, product, industry vertical, and region.

The key growth strategies of 5G chipset market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

Mmwave IC segment would grow at a highest CAGR of 24.1% during the forecast period.

Asia-Pacific region will dominate the market by the end of 2030.

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5g Chipset Market

Opportunity Analysis and Industry Forecast, 2021-2030