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The global 5G chipset market is projected to grow at a CAGR of 65.1% between 2024 and 2032.
The term 5G chipset refers to the integrated circuit that facilitates 5G networks, also known as fifth generation networks. A 5G chipset acts as a data flow management system, involved in various functions of 5G devices, enabling transmission of 5G packet transmissions for 5G networks.
Major network carriers are upgrading their offerings to support the latest fifth-generation networks and new models of smartphones come equipped with features to accommodate the 5G, thereby boosting the 5G chipset market development. Advancements in digital platforms have also led to the development of high-end technology and automation that can be achieved through 5G chipsets. Its high speed and seamless network connection are beneficial for fast data transfers online. Moreover, the gaming community is ever-growing and the low latency of 5G reduces lagging and provides a better gaming experience to users. Rising demands for gaming with fast connectivity are anticipated to augment the market for 5G chipsets.
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Diversification of applications; enhanced network capabilities; focus on security; and development of 5G infrastructure are the major trends impacting the 5G chipset market expansion
March 17th, 2024
Vivo announced that it is set to release a new smartphone, the Vivo T3 5G, which will be powered by the MediaTek Dimensity 7200 chipset.
February 27th, 2024
Qualcomm, an American semiconductor company, announced its intention to launch a 5G chip specifically designed for entry-level smartphones priced below USD 99.
November 21st, 2023
MediaTek announced the launch of the Dimensity 8300, a power-efficient chipset tailored for premium 5G smartphones.
July 26th, 2023
Ericsson (NASDAQ: ERIC) and Intel announced a strategic partnership to leverage Intel's 18A process and manufacturing technology for Ericsson's upcoming next-generation optimised 5G infrastructure.
Diversification of applications
Beyond consumer electronics, 5G chipsets are finding applications in various sectors, including automotive, healthcare, and manufacturing.
Enhanced network capabilities
The evolution of 5G networks towards advanced standards like 5G-Advanced is pushing chipset manufacturers to develop chipsets that support new features such as ultra-reliable low-latency communication.
Focus on security
Chipset manufacturers are incorporating advanced security features into their products to address security concerns.
Development of 5G infrastructure
The expansion of 5G networks also requires a wide range of infrastructure equipment, such as base stations, small cells, and network routers.
The evolution of 5G networks towards advanced standards, such as 5G-Advanced is a significant development in the telecommunications sector. For instance, URLLC is a feature designed to support applications that require very high reliability and extremely low latency. This includes critical applications such as autonomous vehicles, industrial automation, remote surgery, and other time-sensitive applications. URLLC aims to provide communication with latency as low as 1 millisecond and a reliability of 99.999%.
Players in the 5G chipset market are launching cost-effective 5G chipsets to broaden their market base. Qualcomm, an American semiconductor company, highlighted their plan to introduce a 5G chip tailored for entry-level smartphones priced below USD 99 in February 2024. This move aims to make 5G technology more accessible to a broader audience by targeting the lower end of the smartphone market.
“5G Chipset Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Chipset Type
Market Breakup by Operational Frequency
Market Breakup by End Use
Market Breakup by Region
Radio frequency integrated circuits (RFIC) maintain their dominance in the market due to their rising usage in smartphones
Radio frequency integrated circuits (RFIC) occupy a significant share in the 5G chipset market based on chipset type as they are commonly used in wireless devices, including smartphones. Advanced RFIC is utilised to support high-frequency transmissions as due to the high mobile traffic, higher bandwidth is required. These chipset types are especially useful in newer versions of smartphones with multiple functionalities like Wi-Fi, GPS, and 5G connectivity. Meanwhile, application-specific integrated circuits (ASIC), are anticipated to witness steady growth in the coming years to meet the demand for fulfilling targeted tasks.
Application-specific integrated circuits (ASIC) are anticipated to grow at a sizeable rate in the coming years. Because of their high performance and energy efficiency, ASICs are commonly used in 5G infrastructure equipment, such as base stations, and in high-end 5G smartphones.
Consumer electronics account for a major share due to widespread adoption of 5G chipset in smartphones
Consumer electronics occupy a substantial market share. Smartphones, in particular, are the primary drivers of the 5G chipset market due to their widespread adoption and the rapid rollout of 5G networks globally. As consumers upgrade to 5G-enabled smartphones to take advantage of faster data speeds and improved connectivity, the demand for 5G chipsets in this segment is significant, making it the largest in the market.
The automotive and transportation sector is expected to grow significantly in the 5G chipset market as it is increasingly adopting 5G technology for applications such as connected vehicles, autonomous driving, vehicle-to-everything (V2X) communication, and smart transportation infrastructure. 5G chipsets are crucial for enabling these applications, providing the necessary high-speed, low-latency communication.
The market players are focused on developing innovative solutions to drive the adoption of 5G technology and gain a competitive edge in the 5G chipset market
MediaTek Inc. is a semiconductor company, founded in 1997, with its headquarters in Hsinchu, Taiwan and is a well-known vendor of chipsets, including the latest edition 5G chipsets.
Samsung Electronics Co. Ltd, founded in 1969, is a multinational company that manufactures various consumer electronics including smartphones, tablets, and electric components.
Qualcomm Technologies, Inc., founded in 1985, is currently headquartered in California in the United States and mainly deals in software and semiconductors, while also providing wireless technology-based services.
Nokia Corporation is a multinational telecommunications, information technology, and consumer electronics company founded in 1865 in Nokia, Finland.
Other market players include Huawei Device Co., Ltd., and Intel Corporation, among others.
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North America accounts for a sizeable share of the global market, supported by increasing demand for mobile broadband, machine-to-machine communications, and Internet of Things (IoT) applications. The well-established presence of key players in the region and widespread penetration of advanced technologies are further augmenting the growth of the market in the region. Early adoption of new technologies is likely to surge the demand for 5G chipsets so as to implement faster networks seamlessly.
The 5G chipset market in the Asia Pacific is likely to experience considerable growth, fuelled by large populations, rapid industrialisation, and extensive manufacturing operations. Governments in the region are actively promoting the deployment of 5G networks as part of their digital transformation agendas. Initiatives such as China's "New Infrastructure" plan and India's "Digital India" campaign include investments in 5G infrastructure, which in turn drives the demand for 5G chipsets.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Chipset Type |
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Breakup by Operational Frequency |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The 5G chipset market forecast indicates a promising growth rate at a CAGR of 65.1% between 2024 and 2032.
Major driving factors for the market include rising demand for high speed internet, increasing usage in the healthcare sector for faster emergency access, and growing demand for inter-vehicle communication in automobiles.
The key trends of the market include the development of advanced technology, rising demand of latest network transceivers in the gaming community, and widespread adoption in smartphones and other smart devices.
The major regional markets for 5G chipsets are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The various chipset types in the market for 5G chipsets include-application specific integrated circuits (ASIC), radio frequency integrated circuit (RFIC), millimetre wave technology chips, and field-programmable gate array (FPGA)
The significant operational frequencies of 5G chipsets are sub-6 GHz, between 26-39 GHz, and above 39 GHz.
The different end uses of 5G chipsets in the market are consumer electronics, industrial automation, automotive and transportation, energy and utilities, healthcare, and retail, among others.
The major players in the market are MediaTek Inc., Samsung Electronics Co. Ltd, Qualcomm Technologies, Inc., Nokia Corporation, Huawei Device Co., Ltd., and Intel Corporation, among others.
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