5G Chipset Industry
Summary:
- The global 5G chipset market size reached USD USD 7.9 Billion in 2024.
- The market is expected to reach USD 85.4 Billion by 2033, exhibiting a growth rate (CAGR) of 30.2% during 2025-2033.
- Asia Pacific leads the market, accounting for the largest 5G chipset market share.
- Application-specific integrated circuits (ASIC) account for the majority of the market share in the chipset type segment as they offer better performance and energy efficiency compared to general-purpose chips.
- Sub 6 GHz holds the largest share in the 5G chipset industry.
- Consumer electronics represent the leading end user segment.
- The rising need for high-speed internet access is a primary driver of the 5G chipset market.
- The 5G chipset market growth and forecast highlight a significant rise due to increasing expenditure on 5G infrastructure and the expanding adoption of smart technologies.
Industry Trends and Drivers:
- Increasing demand for high-speed internet connectivity:
The increasing demand for faster and more reliable internet connectivity across the globe is one of the major factors boosting the 5G chipset market share. With the increasing use of data-heavy applications such as video streaming, virtual reality, and online gaming, consumers and businesses are seeking seamless connectivity solutions. 5G technology offers significantly higher data speeds and lower latency compared to previous generations, making it ideal for such applications. This demand is propelling telecom operators and technology companies to expedite the adoption of 5G networks, which is subsequently driving the production and deployment of 5G chipsets to support this infrastructure. As more regions implement 5G networks, the demand for chipsets capable of handling this advanced technology is growing.
- Growth in connected devices and IoT:
The 5G chipset market trends indicate the rapid expansion of connected devices and the internet of things (IoT) is significantly influencing industry growth. Smart devices, such as wearable technology, home automation systems, industrial sensors, and connected vehicles, are becoming more prevalent, requiring networks that can manage the large volumes of data they generate. 5G technology provides the bandwidth and connectivity required to support the rising number of IoT devices, enabling faster communication between devices with reduced power consumption. As industries such as healthcare, agriculture, and transportation increasingly adopt IoT solutions for automation and efficiency, the need for adequate and efficient chipsets to facilitate these innovations is growing, boosting the 5G chipset demand.
- Rising investments in 5g infrastructure:
The substantial investments by governments and private companies in building 5G infrastructure are contributing substantially to the growth of the 5G chipset market. Numerous countries are prioritizing the rollout of 5G networks as part of their digital transformation strategies, providing funds and incentives to telecom companies to upgrade their networks. Additionally, tech giants and semiconductor companies are investing heavily in research and development (R&D) to produce advanced 5G chipsets that can support a wide range of applications, driving the 5G chipset market size. These investments are speeding up the deployment of 5G networks and also driving demand for chipsets that can handle the specific requirements of 5G technology. Consequently, the market for 5G chipsets is experiencing steady growth as more 5G infrastructure is deployed globally.
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5G Chipset Market Report Segmentation:
Breakup By Chipset Type:
- Application-specific Integrated Circuits (ASIC)
- Radio Frequency Integrated Circuit (RFIC)
- Millimeter Wave Technology Chips
- Field-programmable Gate Array (FPGA)
Application-specific integrated circuits (ASIC) account for the majority of shares as their custom design allows for faster data processing, lower power consumption, and improved reliability in 5G networks.
Breakup By Operational Frequency:
- Sub 6 GHz
- Between 26 and 39 Ghz
- Above 39 Ghz
Sub 6 GHz dominates the market as it offers a balanced combination of coverage and speed, making it ideal for wide-area network deployment.
Breakup By End User:
- Consumer Electronics
- Industrial Automation
- Automotive and Transportation
- Energy and Utilities
- Healthcare
- Retail
- Others
Consumer electronics represent the majority of shares due to the rapid adoption of 5G technology in smartphones, tablets, wearables, and smart home devices.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific holds the leading position owing to a large market for 5G chipsets driven by strong investments in 5G infrastructure by countries such as China, South Korea, and Japan, which are early adopters of the technology.
Top 5G Chipset Market Leaders:
- Broadcom Inc
- Huawei Technologies Co., Ltd.
- Infineon Technologies Ag
- Intel Corporation
- Mediatek Inc
- Nokia Corporation
- Qorvo
- Qualcomm Technologies, Inc.
- Samsung Electronics Co. Ltd.
- Xilinx Inc.
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