The 5G Chipset market size is expected to reach USD 28.79 billion by 2027 according to a new study by Polaris Market Research. The report “5G Chipset Market Share, Size, Trends, Industry Analysis Report, By Frequency Type (Sub-6GHz, mmwave, and sub-6GHz + mmWave); By IC Type (ASIC, RFIC, mmWave IC, Cellular IC); By Processing Node (7 Nm, 10 Nm, and others), By Deployment Type (Telecom Base Station Equipment, Smartphones/Tablets, Connected Vehicles, Connected Devices, Broadband Access Gateway Devices, Others), By Vertical (Healthcare, Manufacturing, IT and Telecom, Retail, Automotive and Transportation, Consumer Electronics, Energy and Utilities, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G Chipset is a set of integrated circuits and its implementation is dependent upon several components & specifications. The telecom service providers are switching to 5G cellular networks which is highly depends on denser arrays of short sized antennas that offer ultra-high data speeds. Surge in usage of digital devices, in which mobile devices is being the preferred device through which customers can consume online media including audio and video streaming, file sharing applications, among others. However, it has been a compelling factor to adopt 5G technology for higher consistency & lower latency in comparison to the previous technologies in the market.
Furthermore, the outbreak of COVID-19 has dramatically changed the prospects of the demand for 5G chipset in the market. In addition, several industrial verticals have jolted globally resulting in a significant slowdown of production and therefore, incorporating of 5G chipset & its demand has impacted in the market.
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Increased demand for smart manufacturing & adoption of 5G chipset components mainly in emerging economies such as China, Japan, and India are fueling the market growth over the forecast period. Moreover, the development of the manufacturing industry in order to enhance the overall productivity and automating their production lines by deploying various digitalization solutions. Therefore, the demand for 5G chipset in the manufacturing processes are becoming major growth factor over the forecast period.
Some of the major market participants include Texas Instruments Inc., Cavium Inc., Anokiwave Inc., Samsung Electronics Co., Ltd., IBM Corporation, Infineon Technologies AG, Nokia Corporation, Huawei Technologies Co. Ltd., MediaTek Inc., Xilinx Inc., Broadcom Inc., Qualcomm Incorporated, Qorvo, Inc., Unisoc Communications, Inc., Integrated Device Technology, Intel Corporation, Renesas Electronics Corporation, NXP Semiconductors NV, and Analog Devices Inc.
Key players in the market are focusing on launching new products & developing existing offering and have adopted various strategies to expand their foothold in the market. For instance, Nokia and Broadcom has collaborated on the development of silicon technology processor by expanding range of 5G ReefShark chipsets portfolio. Power consumption is also reduced in ReefShark chipsets. Recently, Taiwanese based chipmaker MediaTek Inc. launched Dimensity 720 5G chipset fully integrated into 7 nm SoCs (system-on-chips) for premium 5G experience for mid-range smartphones while supports both standalone and non-standalone sub-6GHz networks. Owing to technological advancements, and growing need to improve secure communication, companies operating in the market are collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry.
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Polaris Market Research has segmented the 5G chipset market report on the basis of processing node type, frequency type, IC type, deployment type, vertical, and region
5G Chipset Processing Node Outlook (Revenue – USD Million, 2019 – 2027)
- 7 nm
- 10 nm
- Others
5G Chipset Frequency Type Outlook (Revenue – USD Million, 2019 – 2027)
- Sub-6 GHz
- mm Wave
- Sub-6GHz + mmWave
5G Chipset IC Type Outlook (Revenue, USD Million, 2019 – 2027)
- Application-Specific Integrated Circuits (ASIC)
- Radio Frequency Integrated Circuit (RFIC)
- Millimeter Wave Technology Chips (mmWave IC)
- Cellular Integrated Circuit (Cellular IC)
- Others
5G Chipset Deployment Type Outlook (Revenue – USD Million, 2019 – 2027)
- Telecom Base Station equipment
- Smartphones/Tablets
- Connected Vehicles
- Connected Devices
- Broadband Access Gateway Devices
- Others
5G Chipset Vertical Outlook (Revenue – USD Million, 2019 – 2027)
- Healthcare
- Manufacturing
- IT and Telecom
- Retail
- Automotive and Transportation
- Consumer Electronics
- Energy and Utilities
- Others
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