5G chipset market Share was valued at USD 12912 million in 2020 and is expected to register a CAGR of 26.3% during the forecast period.

Introduction of the 5G Chipset Market Report

5G chipset allows 5G packet transmission on smartphones, IoT devices, portable hotspots, notebooks PCs with mobile network capabilities. The 5G mobile devices are the combination of the sub-6GHz bands with the new MIMO antenna systems and high-frequency millimeter wave bands and highly focused beam-steering. The global 5G chipset market covers types such as modem and RFIC (which includes RF transceiver and RF front end).

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Market Dynamic

Key Drivers and Emerging Trends

The increasing demand for high-speed internet and large network coverage for applications, including distance learning, multiuser gaming, videoconferencing, augmented reality, and autonomous driving stands to be one of the key drivers that is contributing to the growth of the 5G chipset. Moreover, the strong demand for mobile broadband technology, high-speed data transfer, and data and information processing is further helping the market to grow. There has been an increase in the cellular IoT connections, which is further surging the demand for the 5G chipset. The speed and reliability of 5G are projected to have an impact on the machine-to-machine and IoT. The increasing adoption of new M2M technologies is better connectivity for improved communication and less power requirement. Thus, the rising need for network capacity to handle M2M and human-based communication is surging the demand for 5G network, thus growing the market’s demand.

The rising demand for mobile data traffic is further responsible for the market growth over the coming years. There has been the development of cellular networks has allowed users to experience faster data rates with low latency. The demand for mobile data services is attributed to the rising usage of services and applications in both consumer electronic devices and business-to-business communication systems. Additionally, the growing focus on developing new advanced chipset modules for telecom base stations to decrease the overall size and power consumption is further driving the market growth. In 2019, SAMSUNG Electronics Co., Ltd, launched two new 5G chipset components for telecom base stations known as Radio Frequency Integrated Circuits.

Restraint in the 5G Chipset Market

However, the high cost of 5G chipsets for mobile devices is hampering the market growth over the coming years. The cost of smartphone chipsets that support 5G are more expensive as compared to the 4G.

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Type – Segment Analysis

Based on the type, the RFIC is projected to grow at a higher CAGR during the forecast period. The RFIC includes RF transceiver and RF FE segment. The rising number of RF transceiver ICs in smartphones is contributing to the growth over the coming years. The deployment of the mmWave ICs in the 5G infrastructure equipment and the high bandwidth provided by the mmWave technology are further surging the market growth.

Process Node – Segment Analysis

Based on the process node, the 10 to 28 nm is expected to grow at a faster CAGR over the forecast period. Various advancements in the fabrication process are supporting the improvements in the ICs. Some of the major process nodes on which 5G chipset components, including modems and RFICs, are manufactured such as 7 nm, 14 nm, 28 nm, 45 nm, and so on. The increasing application of process nodes between 10 to 28 nm, especially in the 5G infrastructure and RFIC components, is further driving the market growth.

End Use – Segment Analysis

Based on the end use, the automobile is projected to dominate the market during the forecast period. The 5G technology is playing an important in the transformation of the automotive sector by the development of new applications. 5G also enables system and application developers to introduce various applications including vehicle-to-vehicle, vehicle-to-infrastructure, vehicle-to-pedestrian, among others.

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Regional – Segment Analysis:

Based on the region, North America is expected to lead the market over the coming years. The high adoption rate of advanced technologies is a major factor that is driving the regional market growth. Moreover, the region has the presence of various leading players such as Qualcomm, which is one of the leading US technology organization. In 2019, Qualcomm introduced the newest iteration of its Snapdragon mobile processors for the 5G technology. Such factors are expected t contribute to market growth in the coming years.

Top Market Players

Some of the leading players operating in the market include Qualcomm Technologies, Inc., Analog Devices, Inc., Qorvo, Inc., Skyworks Solutions, Inc., SAMSUNG, Huawei Technologies Co., Ltd., MediaTek Inc., Marvell, Anokiwave, and NXP Semiconductors, among others.

Key Developments:

• • In 2020, Qualcomm Technologies, Inc., introduced the new 5G mobile platforms in the 7-series, the Snapdragon 750G 5G Mobile platform, which allows the 5G with brilliant HDR gaming and on-device AI.
  • In 2020, MediaTek Inc., launched its Dimensity 800 Series 5G chipset that brings the flagship features, power, and performance to new premium mid-range 5G smartphones.

Segments covered in the Report:

The global 5G Chipset market has been segmented on the basis of Type, End Use, Frequency, Process Node and regions. Based on Type, the market is segmented into Modem and RFIC. Based on End Use, the market is segmented into Telecommunication, Mobile Devices, Non-Mobile Devices, and Automobile. Based on Frequency, the market is segmented into Sub-6 GHZ, 24-39 GHZ, and Above 39 GHZ. Based on Process Node the market is segmented into Less than 10 NM, 10-28 NM, and Above 28 nm. 

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Key questions answered in this research report:

• • At what pace is global 5G Chipset market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in 5G Chipset market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global 5G Chipset market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various End Use areas of global 5G Chipset market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 12912 million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End Use, By Frequency, By Process Node, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Qualcomm Technologies, Inc., Analog Devices, Inc., Qorvo, Inc., Skyworks Solutions, Inc., SAMSUNG, Huawei Technologies Co., Ltd., MediaTek Inc., Marvell, Anokiwave, and NXP Semiconductors, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global 5G Chipset Market by Type

• • Modem
  • RFIC

Global 5G Chipset Market by End Use

• • Telecommunication
  • Mobile Devices
  • Non-Mobile Devices
  • Automobile

Global 5G Chipset Market by Frequency

• • Sub-6 GHZ
  • 24-39 GHZ
  • Above 39 GHZ

Global 5G Chipset Market by Process Node

• • Less than 10 NM
  • 10-28 NM
  • Above 28 nm

Global 5G Chipset Market by Region

• • North America 5G Chipset Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By End Use
    • By Frequency
    • By Process Node
    • US Market All-Up
    • Canada Market All-Up
  • Europe 5G Chipset Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By End Use
    • By Frequency
    • By Process Node
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific 5G Chipset Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By End Use
    • By Frequency
    • By Process Node
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW 5G Chipset Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By End Use
    • By Frequency
    • By Process Node
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the 5G Chipset (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Qualcomm Technologies, Inc.
  • Analog Devices, Inc.
  • Qorvo, Inc.
  • Skyworks Solutions, Inc.
  • SAMSUNG
  • Huawei Technologies Co., Ltd.
  • MediaTek Inc.
  • Marvell
  • Anokiwave
  • NXP Semiconductors