Data Bridge: 5G Chipset Market Expected to Reach $2,519.78 Billion by 2029 with CAGR of 49.02%

Data Bridge Market Research has released a new report, “5G Chipset Market Report-Development Trends, Threats, Opportunities and Competitive Landscape” focusing on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis of 5G silicon.

The 5G chipset market will exhibit a CAGR of 49.02% for the forecast period of 2022-2029 and is likely to reach the $2,519.78 billion by 2029.  The rise in the cellular IoT (internet of things) connections will influence the growth rate of the 5G chipset market. The upsurge in the demand for high speed internet and broad network coverage is a key element driving market expansion. The 5G chipset market is also being driven by factors such as rising mobile data traffic and increasing need for smart technologies.

Furthermore, technological advancements and increase in the popularity of 5G-enabled smartphones will enhance the growth rate of 5G chipset market. Also, the upsurge in the demand for ultra-reliable and low-latency data networks capable of providing seamless connectivity will act as a major factor influencing the growth of 5G chipset market.

Asia-Pacific dominates the 5G chipset market and will continue to flourish its trend of dominance due to the growing level of investment in research and development, increase in developments in emerging 5G enabled smartphones and base stations supporting 5G frequencies in this region. North America is expected to grow during the forecast period of 2022-2029 due to the rapidly rising automotive and consumer electronics sectors in this region.

Top Players Analyzed in the Report:

  • Analog Devices
  • Texas Instruments
  • NXP Semiconductors
  • Broadcom
  • Huawei Technologies
  • Qualcomm Technologies
  • Xilinx
  • Nokia
  • Intel Corporation
  • Infineon Technologies
  • IBM
  • Renesas Electronics Corporation
  • Qorvo, Marvell
  • Unisoc (Shanghai) Technologies
  • Skyworks Solutions
  • Anokiwave

Key Market Segmentation:

  • On the basis of frequency type, the 5G Chipset Market has been segmented as sub-6Hz, between 26 and 39 GHz and above 39 GHz.
  • Based on processing node type, the 5G chipset market has been segmented into 7 nm, 10 nm and others.
  • Global 5G chipset market on the basis of chipset type has been segmented as application-specific integrated circuit (ASIC), radio frequency integrated circuit (RFIC), millimeter wave integrated circuit (mmWave IC) and cellular integrated circuit (cellular IC).
  • Based on deployment type, the 5G chipset market has been segmented into telecom base station equipment, smartphones/tablets, connected vehicles, connected devices, broadband access gateway and others. Apart from telecom base station equipment, all other categories can be further sub-segmented into single-mode and multi-mode. Single-mode can be divided into standalone and non-standalone.
  • Based on end user, the 5G chipset market has been segmented as energy and utilities, manufacturing, IT and telecom, media and entertainment, transportation and logistics, healthcare and others.

Recent Developments:

In January 2021, MediaTek had launched chipset to power 5G smartphones. They launched new Dimensity 1200 and Dimensity 1100 5G smartphone chipset along with the developed AI, camera and multimedia properties for superior 5G experience. Both chipsets support every generation of connectivity, from 2G to 5G, as well as the most up-to-date connectivity capabilities.

In June 2021, start-up EdgeQ had launched industry’s first 5G Chipset-as-a-Services for 5G wireless infrastructure market. Customers can configure 5G and AI services with EdgeQ’s innovative software defined 5G base station-on-a-chip technology, which changes the industry to a service-oriented, pay-as-you-go structure.

In May 2021, Qualcomm had launched 5G modem elevated for industrial IoT. The Qualcomm 315 5G IoT modem enables global 5G NR sub-6GHz bands and functions in stand-alone (SA) alone mode, with the flexibility to transition to LTE as required. It can be operated over private or public 5G networks, using network slicing or in isolation.