The global market for 5G chipsets is projected to reach USD 143.69 billion by 2030, growing at a CAGR of 20.3% from 2023 to 2030 according to Grand View Research data. The increasing demand for high-speed internet and 5G-enabled devices is driving the need for more powerful and efficient chipsets. The RFICs and Sub-6 GHz segments dominated the market in 2022 due to the rising complexity of smartphones and the increasing use of Sub-6 GHz technologies. The 7 nm segment also led the market in 2022 due to the increasing use of the 7 nm technology node in chip design. The market for specialized 5G chipsets for specific use cases is also growing, and the COVID-19 pandemic has increased the demand for devices that can provide fast and reliable internet connectivity. The Asia Pacific region dominated the market in 2022, and key players in the industry include Huawei Technologies, Inc, MediaTek Inc, and Intel Corporation.
- The global market for 5G chipsets is projected to reach USD 143.69 billion by 2030, growing at a CAGR of 20.3% from 2023 to 2030.
- The increasing demand for high-speed internet and the rollout of 5G networks in many parts of the world are driving this growth, with the Asia Pacific region dominating the market in 2022.
- The market is segmented by type, operating frequency, processing node type, deployment type, vertical, and region, and key players in the industry include Huawei Technologies, Inc, MediaTek Inc, Intel Corporation, Samsung, Infineon Technologies AG, Qualcomm Technologies, Inc, Unisoc Communications Inc., Qorvo, Inc., Anokiwave,-Inc, and Xilinx.
The global market for 5G chipsets is projected to reach USD 143.69 billion by 2030, growing at a CAGR of 20.3% from 2023 to 2030, according to Grand View Research. With the increasing demand for 5G-enabled devices, there is a growing need for more powerful and efficient chipsets that can support these devices.
Key Industry Insights
Grand View Research’s report provides several key insights into the 5G chipset market. The RFICs segment dominated the market in 2022 due to the rising complexity of smartphones, which necessitates the use of additional RF transceiver ICs to support numerous antennas for features such as 4G/5G connection, Wi-Fi, Bluetooth, GPS, and NFC. The Sub-6 GHz segment also dominated the market in 2022 because of the increasing use of Sub-6 GHz technologies to provide comprehensive coverage in urban and rural regions. Additionally, the 7 nm segment led the market in 2022 due to the increasing use of the 7 nm technology node in chip design, which offers lower power consumption, greater switching performance, and higher density.
Market Growth & Trends
The market for specialized 5G chipsets for specific use cases, such as IoT devices, automotive applications, and virtual and augmented reality applications, is also growing. The increasing demand for high-speed internet is driving this growth. With the increasing popularity of bandwidth-intensive applications such as high-quality video streaming, virtual and augmented reality, and cloud gaming, there is a need for faster and more reliable internet connectivity. The 5G network is designed to provide significantly faster download and upload speeds, lower latency, and greater capacity than previous generations of wireless networks. As a result, there is a growing need for 5G chipsets that can enable high-speed internet connectivity for a wide range of devices.
COVID-19 & Market Segmentation
The COVID-19 pandemic increased the demand for remote work and online education, which in turn led to a surge in demand for devices that can provide fast and reliable internet connectivity. This created an opportunity for the market, as 5G technology is designed to provide faster and more reliable connectivity than previous generations of wireless networks. Grand View Research has segmented the global 5G chipset market based on type, operating frequency, processing node type, deployment type, vertical, and region.
Regional Outlook
The Asia Pacific region dominated the market in 2022 owing to rising demand for high- speed connection by consumers and the growing usage of modern technologies such as IoT, AI, and cloud computing. The report also provides insights into the market in North America, Europe, Latin America, and the Middle East & Africa.
List of Key Players
The report includes a list of key players in the 5G chipset market, including Huawei Technologies, Inc, MediaTek Inc, Intel Corporation, Samsung, Infineon Technologies AG, Qualcomm Technologies, Inc, Unisoc Communications Inc., Qorvo, Inc., Anokiwave, Inc, and Xilinx.
Final Thoughts
The future of wireless connectivity is here. The market for 5G chipsets is growing rapidly, and with the increasing demand for high-speed internet, it’s no wonder why. As the rollout of 5G networks continues to expand worldwide, we can expect to see even more innovative and specialized 5G chipsets for specific use cases. From remote work and online education to high-quality video streaming and cloud gaming, the possibilities for 5G are endless. The global market for 5G chipsets is projected to reach USD 143.69 billion by 2030, and we can’t wait to see what the future holds for this exciting technology.
FAQ
Q: What is the projected value of the global market for 5G chipsets by 2030?
A: The global market for 5G chipsets is projected to reach USD 143.69 billion by 2030.
Q: What is the main driver of growth in the 5G chipset market?
A: The increasing demand for high-speed internet and the rollout of 5G networks in many parts of the world are driving growth in the 5G chipset market.
Q: What are some key insights provided by Grand View Research’s report on the 5G chipset market?
A: The RFICs segment dominated the market in 2022, the Sub-6 GHz segment also dominated the market in 2022, and the 7 nm segment led the market in 2022.
Q: Why did the RFICs segment dominate the 5G chipset market in 2022?
A: The RFICs segment dominated the market in 2022 due to the rising complexity of smartphones, which necessitates the use of additional RF transceiver ICs to support numerous antennas for features such as 4G/5G connection, Wi-Fi, Bluetooth, GPS, and NFC.
Q: Why did the Sub-6 GHz segment dominate the 5G chipset market in 2022?
A: The Sub-6 GHz segment dominated the market in 2022 because of the increasing use of Sub-6 GHz technologies to provide comprehensive coverage in urban and rural regions.
Q: Why did the 7 nm segment lead the market in 2022?
A: The 7 nm segment led the market in 2022 due to the increasing use of the 7 nm technology node in chip design, which offers lower power consumption, greater switching performance, and higher density.
Q: What are some specific use cases for specialized 5G chipsets?
A: Specific use cases for specialized 5G chipsets include IoT devices, automotive applications, and virtual and augmented reality applications.
Q: What region dominated the 5G chipset market in 2022?
A: The Asia Pacific region dominated the market in 2022 owing to rising demand for high-speed connection by consumers and the growing usage of modern technologies such as IoT, AI, and cloud computing.
Q: Who are some key players in the 5G chipset market?
A: Key players in the 5G chipset market include Huawei Technologies, Inc, MediaTek Inc, Intel Corporation, Samsung, Infineon Technologies AG, Qualcomm Technologies, Inc, Unisoc Communications Inc., Qorvo, Inc., Anokiwave, Inc, and Xilinx.