Global 5G Chipset Market Report

Market Analysis and Insights: Global 5G Chipset Market Report, By Type (Radio Frequency Integrated Circuit, ASIC, Cellular IC, Mmwave IC), Processing Node (Less Than 10 Nm, 10-28 Nm, Above 28 Nm), Operational Frequency (Sub-6 Ghz, 24-39 Ghz, Above 39 Ghz), Application (Automotive, Energy & Utilities, Mobile Devices, IT Infrastructure, Consumer Electronic, Others) and Geography- Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11285 | Publish Date : March 2022 | Industry : Technology | Geography : Global

  • Report Description
  • Summary

COVID-19 Impact Analysis on Global 5G Chipset Market 

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the 5G chipset market. In addition, complete analysis of changes on the 5G chipset market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic disturbed the economies across the globe as well as adversely affected the development of different enterprises like oil and gas, construction, manufacturing, and others. Attributable to the inconvenience of the lockdown by government to restrict the spread of the infection. The 5G innovation and the chipset market were decidedly affected by the COVID-19 pandemic because of the critical utilization of remote applications which incorporates remote working, distancing, telemedicine, videoconferencing, and live real-time. Through the prevalence of the COVID-19 pandemic remote working, telemedicine, and other remote applications are the new normal and this has become amazingly significant, because of the development and deployment of advanced technologies. National and international rules ought to think about its consideration in their updates. During the COVID-19 pandemic, required social distancing and the absence of effective treatment have made telemedicine the most secure intuitive framework between patients, both infected and uninfected, and clinicians. Besides, the pandemic has changed the way people work, and more and more people are choosing to work from home (WFH). Unlike traditional work patterns, this approach has limitations and has had a significant impact on both organizations and individuals. So, this will spur the rising interest for strong innovation and their parts. Nonetheless, the slowdown of 5G deployment has represented various obstacles for producers, other than different difficulties, for instance, store network issues, labor force deficiencies, and limitations on development limited the growth of the market.

Market Overview- Global 5G Chipset Market 

Market Drivers

The rising demand for mobile data services is anticipated to boost the demand for 5G mobile broadband technology, which in turn, propel the market growth of the 5G chipset market. The non-stop development of mobile networks has enabled customers to enjoy speedy data transfer rates with low latency. Demand for mobile data offerings is generally pushed by the developing use of services and applications in both consumer electronic gadgets and business-to-business (B2B) communication systems which might be presently using/testing data-in-depth packages which include virtual and augmented reality, and 3-D and ultra-HD video content. To support the growing data traffic, greater bandwidth is required. It is anticipated that 5G could offer 1,000 times greater bandwidth than its predecessor mobile broadband generations 4G and 3G. Therefore, the developing mobile data traffic could pressure network operators to offer greater bandwidth to consumers; this aspect is anticipated to propel the demand for 5G mobile broadband technology in the future. So, driving the growth of the global 5G chipset market.

Market Opportunity 

The speed and reliability of 5G are expected to have a massive impact on machine-to-machine (M2M) and IoT. Key reasons for the increased adoption of new M2M technologies are better connectivity for smooth communication and low power requirement. The existing capacity of mobile networks must be able to handle billions of nodes that are expected to ascend in the next couple of years to achieve effective M2M communication. Currently, the network capacity is incapable of handling M2M and human-based communications, as well as their different communication patterns such as latency time. Owing to that, a next-level cellular network for mobile communication, featuring hyper-connectivity and larger bandwidth, is required (e.g., 5G network). M2M communication technology will be widely used in heavy manufacturing industries and process industries (e.g., food industries) to increase the efficiency of different processes and reduce human interference with machines. M2M communication is thus expected to drive the 5G chipset market. 

Market Restraints

Prices of smartphone chipsets that support 5G are likely to be more expensive than the 4G ones available currently. First-generation 5G chipsets were limited to premium smartphones from 2019. Volume deployment of 5G devices based on second-generation chipsets is being seen in 2020, and third-generation chipsets will enable performance-optimized 5G devices in 2021. Qualcomm offers 5G support to its flagship Snapdragon 8-series SoC only, and a limited number of premium smartphones use it. The company has planned to significantly expand the 5G line-up by offering 5G the company’s 7 series and 6 series line-ups. Snapdragon 765 and Snapdragon 690 are already available for mid-range smartphones. However, the company has not revealed any plans for 4 series chipset that are used in cheaper phones. The addition of 5G to cheaper phones would give the network technology a much broader audience. Qualcomm and MediaTek are expected to lower the prices of 5G chipsets for mid-range smartphones.

Market Growth Challenges 

Data security and information privacy concerns can potentially impede the adoption of the 5G chipset components over the forecast period. Concerns over the security of the data being exchanged over next-generation networks are rising across the globe. Various governments have responded to these concerns by drafting favorable policies and stringent regulations to ensure data security and information privacy. The growing trade conflicts between the U.S. and China are also expected to restrain the growth of the market for 5G chipset.

Cumulative Growth Analysis

The report provides in-depth analysis of global 5G chipset market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various chipsets in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028. 

Market Segmental Overview

The global 5G chipset market is segmented into type, processing node, operational frequency, application and geography. 

5G Chipset Market by Type

The 5G chipset market is studied for various type of chipset such as radio frequency integrated circuits (RFIC) ASIC, cellular IC and mmWave IC. The key factor such as increased investment towards 5G investment by regulatory bodies coupled with rapid penetration of digitalization across the globe is propelling the growth of the global 5G chipset market. 5G chipset is an enhanced components of customer premises equipment and network infrastructure equipment that is designed to enable the end user to build a wireless network based on 5G network specifications. The explosion of internet-connected gadgets raises the demand for a whole new wireless infrastructure known as 5G. Fifth-generation wireless (5G) is the next generation of mobile networks after the present 4G LTE mobile networks. 

5G Chipset Market by Processing Node 

The certain processing node such as less than 10 nm, 10-28 nm and above 28 nm are comprised in the global 5G chipset market. The significant factors that impact the growth of the global 5G chipset industry comprises rise in demand for optical scanner solutions paired with growing demand for high-speed internet and large network coverage. Moreover, proliferation of M2M/IoT connections is expected to drive the growth opportunity in the 5G chipset market. Likewise, surge in government initiatives for building smart cities in Asia Pacific is expected to offer potential growth opportunities for the 5G chipset during the forecast period. 

5G Chipset Market by Operational Frequency 

Operational frequencies such as sub-6 GHz, 24-39 GHZ and above 39 GHz are comprised in the 5G chipset market. The operational frequency is a function of the low-level transistor characteristics in the chip, the length and physical characteristics of the internal chip wiring, the voltage that is applied to the chip, and the degree of pipelining used in the microarchitecture of the machine. The operational frequency depends on the shape and geometry of membrane, material selection and the fluid in which the CMUT is immersed. As a general principle, the operating frequency increases with the decreasing membrane size, increasing thickness, and increasing Young’s modulus. 

5G Chipset Market by Application 

The various applications such as automotive, energy and utilities, mobile devices, IT infrastructure, consumer electronics and others are comprised in the global 5G chipset market. The fifth generation of wireless technology-5G- represents the changing face of connectivity. Designed for maximum speed and capacity, 5G has the potential to vastly expand how data is moved and will enable a wide range of new applications and use cases that go far beyond the smartphone. While broad 5G rollouts are expected by 2021, engineers are already hard at work on applications and devices that will make use of the benefits of 5G. From the evolution of the IoT to revolutionary advances in how AI is used in the real world, many of upcoming exciting technological advances will depend on 5G connectivity. 

5G Chipset Market by Geography 

The global 5G chipset market is studied for key regions such as North America, Europe, Asia Pacific and Rest of the World. The APAC is likely to dominate the global 5G chipset market. The 5G chipset market in APAC is foreseen to grow at a significant rate. The growth of the market in APAC is mainly driven by increasing developments (such as R&D activities, investments, and partnerships among companies) related to 5G in countries such as Japan, China, and South Korea. 5G has been launched in 9 countries, and 12 others have planned to roll out in the near future in Asia Pacific. China is one of the major countries involved in the development of 5G network infrastructure. The Chinese government has been quick off the mark in coordinating and stimulating 5G research in China.

Competitive Landscape Analysis 

The competitive landscape analysis of 5G chipset market is certainly based range of market players operating in the semiconductor market with increasing demand for production of 5G chipset. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments. 

The key players studied in market are Samsung Electronics Co., Ltd. (South Korea), Anokiwave Inc. (Taiwan), Broadcom Inc. (US), Cavium Inc. (US), Huawei Technologies Co., Ltd. (China), Infineon Technologies AG (Germany), Intel Corporation (US), Macom Technology Solutions (US), MediaTek Inc. (China), Nokia Corporation (Finland), NXP Semiconductors NV (Netherland), Qorvo Inc. (US), Qualcomm Technologies Inc. (US), Renesas Electronics Corporation (Japan), Texas Instruments Inc. (US), Unisoc Communications, Inc. (China), among others.

5G Chipset Market Summary 

5G Chipset is a set of electronic components that make up an integrated circuit. A chipset can also be referred to as a data flow management system. A chipset’s feature is to manage the flow of information that passes via the computer for the proper functioning of the computer. 5G is the 5th era of mobile networking technology. 5G technology strives to supply a bigger amount of data to a much wider scope of gadgets. A 5G chipset is an essential element of 5G gadgets because the chipset is involved in numerous functions of the computer. 5G chipsets allow 5G packet transmission on smartphones, portable hotspots, IoT gadgets, and increasingly, notebook PCs with mobile network capabilities.

Scope of the Report:

  • Market Sizing for Year: 2021-2028
  • Base Year: 2021
  • Forecast Period: 2022-2028
  • Value: USD million 
  • Market Segment studied: Type, Processing Node, Operational Frequency, Application and Geography.
  • Market Players and its Competitors: Samsung Electronics Co., Ltd. (South Korea), Anokiwave Inc. (Taiwan), Broadcom Inc. (US), Cavium Inc. (US), Huawei Technologies Co., Ltd. (China), Infineon Technologies AG (Germany), Intel Corporation (US), Macom Technology Solutions (US), MediaTek Inc. (China), Nokia Corporation (Finland), NXP Semiconductors NV (Netherland), Qorvo Inc. (US), Qualcomm Technologies Inc. (US), Renesas Electronics Corporation (Japan), Texas Instruments Inc. (US), Unisoc Communications, Inc. (China), among others.

FAQ Section:

1. What are the restraints for the 5G chipset market?

Ans. The high cost of a 5G chipset for mobile is the major restraining factor that limits the market growth.

2. Who are the key players in the 5G chipset market?

Ans: The key players studied in market are Samsung Electronics Co., Ltd. (South Korea), Anokiwave Inc. (Taiwan), Broadcom Inc. (US), Cavium Inc. (US), Huawei Technologies Co., Ltd. (China), Infineon Technologies AG (Germany), Intel Corporation (US), Macom Technology Solutions (US), MediaTek Inc. (China), Nokia Corporation (Finland), NXP Semiconductors NV (Netherland), Qorvo Inc. (US), Qualcomm Technologies Inc. (US), Renesas Electronics Corporation (Japan), Texas Instruments Inc. (US), Unisoc Communications, Inc. (China), among others.

3. Which are the major end uses of the 5G chipset market?

Ans: The major end uses of 5G chipset market comprises telecommunication, mobile devices, non-mobile devices and automobile.