The rapidly rising demand for ultra-reliable and low-latency data networks capable of delivering seamless connectivity is estimated to boost market growth over the forecast period
JERSEY CITY, N.J., Dec. 8, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "5G Chipset Market by Product (Network Infrastructure Equipment, Customer Premises Equipment (CPE), Devices), by Integrated Circuit (Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimeter Wave Integrated Circuit (mmWave IC)), by Industry (Building Automation, Industrial Automation, Automotive & Transportation, Energy & Utilities, Healthcare, Public Safety & Surveillance, Retail, Consumer Electronics), Geography". According to Verified Market Research, the Global 5G Chipset Market was valued at USD 12.4 Billion in 2020 and is projected to reach USD 66.8 Billion by 2027, growing at a CAGR of 26.3% from 2021 to 2027.
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Browse in-depth TOC on "5G Chipset Market"
202 - Pages
126 – Tables
37 – Figures
Global 5G Chipset Market Overview
Increasing demand for mobile data services expected to propel the demand for 5G mobile broadband technology in the future. The continuous development of cellular networks has enabled users to experience fast data transfer rates with low latency. Demand for mobile data services is primarily driven by the growing use of services and applications in both consumer electronic devices and business-to-business (B2B) communication systems that are currently using/testing data-intensive applications such as virtual and augmented reality, and 3D and ultra-HD video content. To support the increasing data traffic, more bandwidth is required. It is expected that 5G would provide 1,000 times more bandwidth than its predecessor mobile broadband generations 4G and 3G. Therefore, the growing mobile data traffic would force network operators to provide more bandwidth to consumers; this factor is expected to propel the demand for 5G mobile broadband technology in the future.
In addition, the proliferation of devices using the internet boosts the demand for an entirely new wireless infrastructure called 5G. Fifth generation wireless (5G) is described as the next generation of mobile networks beyond the current 4G LTE mobile network. These networks expand broadband wireless services beyond mobile internet to Internet of Things (IoT) and critical communications segments to enable a perceived fully ubiquitous connected world. 5G is expected to deliver new levels of efficiency and performance empowering new user experiences and connection of new industries.
The major players in the market are Intel, Huawei Technologies, Qualcomm Technologies, Anokiwave, Infineon Technologies, Integrated Device Technology, Xilinx, Nokia, Samsung Electronics, IBM
Verified Market Research has segmented the Global 5G Chipset Market on the basis of Product, Integrated Circuit, Industry, and Geography.
- 5G Chipset Market by Product
- Network Infrastructure Equipment
- Customer Premises Equipment (CPE)
- 5G Chipset Market by Integrated Circuit
- Radio Frequency Integrated Circuit (RFIC)
- Application-Specific Integrated Circuit (ASIC)
- Cellular Integrated Circuit (Cellular IC)
- Millimeter Wave Integrated Circuit (mmWave IC)
- 5G Chipset Market by Industry
- Building Automation
- Industrial Automation
- Automotive & Transportation
- Energy & Utilities
- Public Safety & Surveillance
- Consumer Electronics
- 5G Chipset Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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