March 28, 2020
5G Chipset

5G Chipset Market shows growth drivers, opportunities and forecast analysis to 2027

The global 5G chipset market is projected to be valued at US$ 1,051.2 million by the end of 2019 and is projected to grow at 39.5 per cent CAGR over the forecast period from 2019 to 2027.

The market for 5G chipsets is still under development/testing. The demand for 5G chipset will increase in the coming years with the complete commercialization and deployment of 5G network technology. One of the key factors driving demand for next-generation network technology such as 5G is the increased demand for high-speed Internet and the growing adoption of technologies such as Big Data, the Internet of Things (IoT) and artificial intelligence. These technologies are becoming widely accepted across industry verticals, allowing end-users to connect all devices in real-time over an integrated network and control process.

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The on-going trend of digitalization with a view to transforming conventional business processes into connected ones will further increase the demand for IoT technology and related infrastructure during the forecast period from 2019 to 2027. The number of connected devices worldwide is projected to exceed 20.0 Mn by 2021, driving demand for 5G chipsets worldwide. Consumer Electronics, IT & telecommunications are expected to witness the strong adoption of 5G devices as a result of increased expenditure on ICT products and the spread of electronic gadgets, including smartphones, tablets, TVs and personal computers, among others.

Some of the leading manufacturers identified in the research study include Infineon Technologies, Qualcomm Technologies, MediaTek Inc., Intel Corporation, Qorvo Inc., Broadcom, Inc., Xilinx Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Analog Devices Inc., Anokiwave Inc., Nokia Corporation, IBM Corporation, and others.

In order to gain the first movers advantage in the global 5G chipset market, manufacturers are investing huge amounts to develop the basic technology base and the required infrastructure.

In May 2019, Qualcomm Technologies, a US-based chipset manufacturer, announced its plan to introduce a 5G-based Snapdragon 865 chipset in two variants— one with an external 5G modem and the other with an integrated 5 G modem. The introduction of an integrated modem will help smartphone manufacturers to take advantage of additional space to provide a larger battery or better cooling unit. In order to benefit early movers, manufacturers are also forming strategic alliances with telecommunications operators across different countries to assess the 5G readiness of their respective countries. For example, Taiwanese chipset manufacturer MediaTek Inc. is working closely with leading cellular operators and equipment manufacturers in India to gauge the market readiness of 5G technologies in the country.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Key questions answered in this report

  • What will be the global 5G chipset market value in 2019?
  • What is the estimated forecast and market projections for the global 5G chipset market from 2019 up to 2027?
  • Which is the largest 5G chipset market in terms of geography?
  • Which IC variant contributes the largest revenue worldwide?
  • Which end-use vertical has the highest 5G chipset penetration?
  • Which end-use vertical will be the most attractive segment for manufacturers to invest?
  • Predominant trends shaping the global 5G chipset market worldwide
  • Who are the leading manufacturers in the global 5G chipset market worldwide?
  • What are the key strategies adopted by the leading manufacturers in the global 5G chipset market?

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