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  • Published On : Aug 2022
  • Code : CMI5155
  • Industry : Semiconductors
  • Pages : 165
  • Formats :

5G Chipset is an improved component of the customer premises, tools and the network construction tools that is modified to ensure the customer to make a wireless network that is dependent upon the 5G network particularities. Intel, Samsung and several other companies are the main producers of the 5G chips.

Statistics:

The 5G chipset market was valued at US$ 3,126.2 Mn in 2021 and is forecast to reach a value of US$ 36,595.15 Mn by 2030 at a CAGR of 26.7% between 2022 and 2030.

Figure 1: Global Chipset Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030

5G Chipset  | Coherent Market Insights

Asia Pacific held a dominant position in the Global Chipset Market Share in 2021

Statistics:

Asia Pacific held a dominant position in the Global Chipset Market in 2021, accounting for 41% share in terms of volume.

Figure 2: Global Chipset Market Share (%), By Region, 2021

5G Chipset  | Coherent Market Insights

Key Developments:

In June 2018, Ericsson stated that 1 billion 5G subscriptions are anticipated till end of the year 2023, hence leading to around 20 percent of the mobile data traffic. The massive ramp-up of the 5G subscriptions is projected to be fueled by the 3G chipset which is projected to be accessible from 2020 on the variety of the frequency of the bands.

In November 2019, MediaTek approved its 5G system on the chip for a premium and the flagship mobile phones and approved that the initial device that is dependent on the novel chipset that is accessible in the market in the first three months of the year 2020. These initiatives with various investors in the organization are anticipated to fuel the growth of the global 5G chipset market.

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5G Chipset Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 3126.2 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 26.7% 2030 Value Projection: US$ 36,595.15 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Chipset: Application-specific Integrated Circuits (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, Field-programmable, Gate Array (FPGA)
  • By Operational Frequency: Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz
  • By the End-user: Consumer Electronics, Industrial Automation, Automotive and Transportation, Energy and Utilities, Healthcare, Retail, Other End-user Industries
Companies covered:

Major companies operating in the global 5G chipset market are Ericsson, Qualcomm, Samsung electronics, Nokia Corporation, Apple Inc., and Media Tek.

Growth Drivers:
  • The rising need for high speed internet and the broad network
  • Rising machine to machine or the IoT connections
Restraints & Challenges:
  • Fragmented Spectrum allocation
  • High data rates that are accessible to a wireless service

Market Drivers:

Driver 1:

The rising surge in the number of mobile phones that helped the reduction in the price of the devices. The rising number of smart phones across the world was 3 billion in 2018, with the Asia Pacific area that is responsible for above half of that number of mobile phone users which would pass with 3.8 billion.

Driver 2:

Apple is one of the major key players with 234 million tablets or the tabs used by the end-users with around 67% of the market share. Anyhow, the rising number of the smart mobile phone users, the worldwide mobile speed average is incapable to assist the huge speed necessities of the mobile apps utilization currently.

Market Restraint:

Restraint 1:

The 5G is projected to add various layers of the complications to the spectrum owing to the overall including nature of the facilities that is assists, from severe broadband services to the very massive machine type interaction and communication and ultra-dependency MTC. Each app requires its own place in the spectrum based upon its necessities. 

Restraint 2:

The spectrum is anticipated or projected to mimic an important role in the growth, operation and roll out of the 5G. Huge data raters are fueled by the amount of the spectrum that is available to a wireless service or the facility. In the 4G till five 20 MHz channels can be collaborated collectively which is anticipated to hinder the growth of the global 5G chipset market.  

Market Opportunities:

Opportunity 1:

The main aim of the growth in the telecom industry is initially the next generation of the mobile networks, 5G. This is anticipated to bring a novel standard of the speed and the capacity to transfer the data to the mobile which is anticipated to make changes in the future. 5G is projected to unlock the full capacities of the technologies that are growing such as VR, AI and the IoT.

Opportunity 2:

5G is possibly to allow the next wave of the mechanical and the societal developments, such as the autonomous automotive, smart factories. IIoT, the smart cities and the edge computing that is anticipated to change the economy. As per a survey the infrastructure expenditure on the 5G is projected to increase US$ 326 billion by the year 2025. This expenditure is possibly to initiate the main aim on the major areas.

Market Key Takeaways/Trends:

Trend 1:

The commercial or the business accessibility of the 5G networks and the rising need for 5G facilities and the services could lead to vast 5G processor or the chipset producers came into the 5G chipset market to cater to the enormous requirement, later stiffening the competition in the 5G chipset market. 

Trend 2:

A massive requirement for the 5G- let the smartphones with the huge speed internet connectivity is anticipated in the further. Monthly mobile data traffic for each smartphone is anticipated to be in continuation to rise over the globe. As per Ericsson, North America has huge utilization reaching 7.2 GB at the last of 2017. This count is anticipated to increase to 49 GB by the last of 2023, hence fueling or propelling the requirement of the 5G chipset. 

Competitive Landscape:

Major companies operating in the global 5G chipset market are Ericsson, Qualcomm, Samsung electronics, Nokia Corporation, Apple Inc., and Media Tek.

Though the downsides of the 5G are clear when one is regarding the mmWave that could be blocked or can be less clear regarding the RF exposure limits, the 5G still has adequate advantages such as high bandwidth, a low latency of 5ms, usage of higher frequencies and an improved mobile broadband.

Market Dynamics:

4G networks on an average offers the internet with a speed or 2-6 Mbps. The need for the speed beyond 10 Mbps due to the huge data consumption applications over the mobile phones is rising the focus for the 5G. It is expected that 5G would provide the internet speed of above 10 Mbps.

The division of spectrum, increase of the bands and the multiplicity of the patent policy are anticipated to be results leading to the 5G spectrum. These results have increased the significant results for the sellers or the vendors seeking to align the spectrum needs of the future products of the 5G chipset.

Future X combines and integrates the huge capacity of the 5G new radio core and SDN regulated Anyhaul transport or the conveyance, orderly to offer a full set of the network capacities for the commercial 5G. The organization is aiming on the 5G future with novel chipsets that boast the 3x capacity.

Key features of the study:

  • This report provides in-depth analysis of the global 5G chipset market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global 5G chipset market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Major companies operating in the global 5G chipset market are Ericsson, Qualcomm, Samsung electronics, Nokia Corporation, Apple Inc., and Media Tek.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global 5G Chipset market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global 5G chipset market.

Detailed Segmentation:-

  • Global 5G Chipset Market, By Chipset Type:
    • Application-specific Integrated Circuits (ASIC)
    • Radio Frequency Integrated Circuit (RFIC)
    • Millimeter Wave Technology Chips
    • Field-programmable Gate Array (FPGA)
  • Global 5G Chipset Market, By Operational Frequency:
    • Sub-6 GHz
    • Between 26 and 39 GHz
    • Above 39 GHz
  • Global 5G Chipset Market, By End-User Industry:
    • Consumer Electronics
    • Industrial Automation
    • Automotive and Transportation
    • Energy and Utilities
    • Healthcare
    • Retail
    • Other End-user Industries
  • Global 5G Chipset Market, By Geography:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East and Africa

Frequently Asked Questions

The global 5G Chipset market is estimated to be valued at US$5501.3 Mn in 2022 and is expected to exhibit a CAGR of 36,595.15% between 2022 and 2030.
The rising need for high speed internet and the broad network is anticipated to drive the growth of the market.
Consumer Electronic segment is the leading end use in the market.
High data rates that are accessible to a wireless service.the key factor hampering the growth of the market
Major companies operating in the market are Ericsson, Qualcomm, Samsung electronics, Nokia Corporation, Apple Inc., and Media Tek.

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