5G Chipset Market Size to Reach USD 33.03 Billion in 2028 | Rising Demand for Mobile Data Services and Increasing Need for High-Speed Internet are Some Key Factors Driving Industry Growth, says Emergen Research
Key players in the 5G chipset market include Intel Corporation, Samsung Electronics Co., Ltd., Qualcomm Incorporated, MediaTek Inc, NXP Semiconductors N.V, Huawei Technologies Co., Ltd., Qorvo, Inc., Infineon Technologies AG, Broadcom Inc., and Renesas Electronics Corporation.
Vancouver, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- The global 5G chipset market reached a market size of USD 1.49 Billion in 2020 and is expected to register a steady CAGR of 47.3% over the forecast period, according to latest analysis by Emergen Research. Global 5G chipset market revenue is expected to increase significantly over the forecast period due to rising demand for mobile data services. In addition, increasing need for high-speed Internet connectivity is expected to further boost global 5G chipset market growth in the near future. Rising adoption of smartphones and smartphone-related developments is expected to augment global 5G chipset market growth going ahead.
However, data security and privacy concerns of 5G are factors expected to restrain global 5G chipset market growth to a certain extent over the forecast period.
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Key Highlights of Report
The sub-6GHz + mm-Wave segment is expected to register significant revenue growth over the forecast period due to increasing implementation of new chipset modules serving both sub-6GHz and mm-Wave bands in a unified interface.
The RFIC segment is expected to lead in terms of revenue share during the forecast period due to increasing application of RF transceiver ICs in smartphones.
The smartphones & tablets segment is expected to account for the largest revenue share during the forecast period due to increasing demand for 5G-enabled smartphones to play online games, view high-resolution videos, and voice conferencing apps.
The IT & telecommunications segment is expected to lead in terms of revenue due to growing demand for high-speed network access for video conferencing as well as other corporate applications during the forecast period.
The rapid growth rate of the market in Asia Pacific can be attributed to factors such as increasing technological advancements, research & development activities, investments, and alliances across businesses related to 5G in countries in the region.
Key players in the market include Intel Corporation, Samsung Electronics Co., Ltd., Qualcomm Incorporated, MediaTek Inc, NXP Semiconductors N.V, Huawei Technologies Co., Ltd., Qorvo, Inc., Infineon Technologies AG, Broadcom Inc., and Renesas Electronics Corporation.
In June 2020, Qualcomm Incorporated introduced the first 5G and AI-enabled robotics platform worldwide. The platform promotes vast potential growth of advanced, power-efficient, high-computing robotics, and drones for businesses.
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Emergen Research has segmented the global 5G Chipset market on the basis of frequency, type, processing node, application, end-use, and region:
Frequency Outlook (Revenue, USD Billion; 2021–2028)
mm-Wave
sub-6GHz
sub-6GHz + mm-Wave
Type Outlook (Revenue, USD Billion; 2021–2028)
RFIC
Modem
Processing Node Outlook (Revenue, USD Billion; 2021–2028)
10 nm
7 nm
Others
Application Outlook (Revenue, USD Billion; 2021–2028)
Smartphones & Tablets
Broadband Access Gateway Devices
Connected Devices
Connected Vehicles
Telecom Base Station Equipment
Others
End-use Outlook (Revenue, USD Billion; 2021–2028)
IT & Telecommunication
Consumer Electronics
Healthcare
Industrial Automation
Retail
Media & Entertainment
Energy & Utilities
Automotive & Transportation
Others
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Regional Outlook (Revenue, USD Billion; 2021–2028)
North America
U.S.
Canada
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA
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