5G Modems Market by Modem Type (Internal/Integrated, External), by Mode (Single-Mode, Multimode), by Application (Mobile and Tablets, Wearable, Automotive, Virtual Reality, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The 5G modems market exhibited development potential across different sectors including consumer electronics, automotive and the telecom industry. Furthermore, rise in number of mobile phone users, along with increase in adoption rate of 5G network drive the demand for wireless communication devices and services.  

The 5G modems market is highly competitive, owing to the strong presence of existing vendors. 5G modems market vendors are investing substantially in R&D and skilled workforce and are anticipated to gain a competitive edge over their rivals. The competitive environment in the market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors. 

The demand for 5G modems in consumer electronics is estimated to expand at a rapid pace during the forecast period due to an increase in government policies and regulations promoting the deployment of 5G networks. Moreover, urbanization and smart city initiatives around the world have increased the need for efficient and reliable energy management, which has created opportunities for the 5G modems market. 

The key players profiled in the report include 5G modems market players, such as Samsung Electronics Co Ltd, Intel Corporation, Huawei Technologies Co., Ltd., Spreadtrum Communications, MediaTek Inc, Infineon Technologies AG, Nokia Corporation, Qorvo, Inc., Xilinx and Qualcomm Technologies.