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5G Chipsets Market Expected to Reach $22,929.0 Million by 2026

 
 

quote In 2020, in terms of revenue, ASIC segment is expected to dominate the global 5G chipset market in the IC type category. By industry vertical, the consumer electronics segment is anticipated to dominate the market throughout the forecast period (2020–2026). The key players are adopting new techniques to provide advanced and innovative products to the customers. quote

Prasad Kakade
Lead Analyst at Allied Market Research

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According to a recent report published by Allied Market Research, titled,"5G Chipsets Market by IC Type, Operational Frequency, Product and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020 - 2026,"the global 5G Chipsets market is expected to be $2,120.0 million in 2020, and is projected to reach $22,929.0 million by 2026, growing at a CAGR of 48.7% from 2020 to 2026.

Asia-Pacific is expected to dominate the market, followed by North America. In 2020, the U.S. is expected to dominate the North America market and Germany is expected to lead the overall market in Europe. While, in Asia-Pacific, China is expected to dominate the market.

Proliferation of M2M/IoT connections and increase in demand for mobile broadband services drive the growth of the market. However, high investment and technological & infrastructure challenges in the implementation of 5G network and privacy & security concern impedes this growth. In the near future, rise in government initiatives for building smart cities in the Asia-Pacific is expected to create lucrative opportunities for the key players operating in this market.

Key Findings of the 5G Chipsets Market:

  • Based on IC type, the ASIC segment is expected to lead the global 5G chipset market in 2020.
  • Asia-Pacific is expected to hold a major market share in 2020.
  • By industry vertical, the consumer electronics segment is anticipated to dominate the market in 2020.
  • Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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quote 5G Chipset Market 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): Global Opportunity Analysis and Industry Forecast, 2020 - 2026 quote

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