MARKET OVERVIEW- GLOBAL 5G CHIPSET MARKET
5G chipset is enable the end-user to create a wireless network that complies to 5G network specifications. It is an improved part of customer premises equipment and network infrastructure equipment. The growth of internet-connected devices raises the demand for a wireless infrastructure known as 5G. After the current 4G LTE mobile network, fifth-generation wireless is the next generation of mobile networks. These networks enable a perceived total global connectivity by extending broadband wireless operational frequency beyond mobile internet to the internet of things and essential communications segments.
The rising demand for mobile data services is anticipated to boost the demand for 5G mobile broadband technology, which in turn, propels 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.
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 requirements. The existing capacity of mobile networks must be able to handle billions of nodes, which are expected to increase 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.
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 for 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 in the company’s 7 series and 6 series line-ups. The Snapdragon 765 and Snapdragon 690 are already available for mid-range smartphones. However, the company has not revealed any plans for the 4 series chipset that is 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 the 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. An increasing demand for various chipsets in various applications has led to the increasing demand for the market and is expected to witness growth at a specific CAGR from 2022-2028.
5G CHIPSET MARKET SEGMENTAL OVERVIEW
The 5G Chipset market comprises of different market segment like type, processing node, frequency, application, and geography.
5G CHIPSET MARKET BY TYPE
By type, the 5G Chipset includes key segment of
- Radio frequency integrated circuit
- Cellular IC
- MmWave IC
Radio frequency integrated circuits are expected to dominate the market over the forecast period. 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 component 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
By processing node, the 5G Chipset includes key segment of
- Less Than 10 Nm
- 10-28 Nm
- Above 28nm
10-28 Nm is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period. The significant factors that impact the growth of the global 5G chipset industry comprise a rise in demand for optical scanner solutions paired with growing demand for high-speed internet and large network coverage. Moreover, the proliferation of M2M/IoT connections is expected to drive the growth opportunity in the 5G chipset market. Likewise, a 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
By operational frequency, the 5G Chipset includes key segment
- Above 39Ghz
Sub-6 Ghz are expected to dominate the market over the forecast period. 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 the 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
By application, the 5G Chipset includes key segment
- Energy & Utilities
- Mobile Devices
- IT Infrastructure
- Consumer Electronic
Automotive are expected to dominate the market over the forecast period. 5G can allow system and application developers to develop a wide range of applications. The major applications include vehicle-to-vehicle, vehicle-to-infrastructure, vehicle-to-network and vehicle-to-pedestrian. 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 upcoming exciting technological advances will depend on 5G connectivity.
5G CHIPSET MARKET BY GEOGRAPHY
By geography, the 5G chipset includes key segment of
- North America
Asia-Pacific is anticipated to witness an increasing demand for 5G chipset market. 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 the 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.
COVID-19 IMPACT ANALYSIS ON GLOBAL 5G CHIPSET 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.
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
- Anokiwave Inc
- Broadcom Inc.
- Cavium Inc.
- Huawei Technologies Co., Ltd.
- Infineon Technologies AG.
- Intel Corporation.
- NXP Semiconductors NV
- Macom Technology Solutions.
- MediaTek Inc.
- Nokia Corporation.
- Qorvo Inc.
- Qualcomm Technologies Inc.
- Renesas Electronics Corporation
- Texas Instruments Inc.
- Unisoc Communications, Inc.
Browse Press Release on 5G Chipset Market: https://www.axiommrc.com/press_releases/5G-Chipset-Market-is-anticipated-to-grow-at-a-CAGR-of-31-09-from-2022-to-2028-globally-Axiom-MRC