USD 16.04 billion
5G Chipset Market Size, Share, Growth Analysis, By Type(Modems, and RFICs), By Operating Frequency(Sub-6 GHz, and 24-39 GHz), By End-User(Telecommunication Infrastructure (Macro Cells, Small Cell, Customer Premises Equipment (CPE)), Mobile Devices (Smartphones), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45I2067 |
Region:
Global |
Published Date: June, 2024
Pages:
162
|Tables:
121
|Figures:
77
5G Chipset Market Insights
5G Chipset Market size was valued at USD 19.54 Billion in 2023 and is poised to grow from USD 23.8 Billion in 2024 to USD 115.26 Billion by 2032, growing at a CAGR of 21.8% during the forecast period (2025-2032).
The widespread use of high-speed internet and increasing adoption of communication technologies are some of the major growth drivers affecting the adoption of 5G networks in automobiles, smart cities and healthcare sector. Increased use of communication connected cars, connected devices, smartphones and tablets further contribute to the growth of the market.
The rise, adoption and rollout of 5G smartphones across the globe is driving the demand for 5G chipsets. According to the GSMA’s The Mobile Economy 2023 report, 5G adoption is expected to increase due to the deployment of cheaper devices and new networks. By January 2023, there were around 229 commercial 5G networks across the globe, with more than 700 5G smartphone models launched, including more than 200 in 2022. Thus, with the growing number of 5G smartphone launches worldwide, the demand for 5G chipsets is expected to rise between 2024 and 2031.
US 5G Chipset Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Type
Fastest Growth
RFICs
Growth Rate
21.8% CAGR
Global 5G Chipset Market ($ Bn)
Country Share for Asia Pacific Region (%)
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5G Chipset Market Segmental Analysis
Global 5G chipset market is segmented based on Type, End User, and Region. Based on Type, the market is segmented into Modems, and RFICs. Based on End User, the market is segmented into Telecommunication Infrastructure (Macro Cells, Small Cell, Customer Premises Equipment (CPE)), Mobile Devices (Smartphones, Tablets & Laptops, Mobile Hubs, Robots/Drones, Wearables, AR/VR devices), Non-mobile Devices (IoT Gateways, Surveillance Cameras), and Automobile. Based on Operating Frequency, the market is segmented into sub-6 GHz and 24-39 GHz. By Region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The RFIC segment will dominate the market, accounting for 45.09% of global revenues in 2023. The increasing availability of RF transceiver ICs in smartphones is a major contributor to the growth of this segment. Furthermore, advances in mobile data traffic are driving the need for more bandwidth and faster data rates that require advanced RF transceiver. ICs can support multiple frequency band modulation schemes at the same time. Increasing complexity, which requires multiple RF transceiver ICs to support multiple antennas for 4G/5G communication, Bluetooth, Wi-Fi, GPS, NFC and other functions, is a major contributor to the growth of this segment.
The modems segment is expected to grow significantly during the forecast period. Integration of 5G modems in system-on-chip (SoC) designs is key to the growth of the sector. In addition, the development towards advanced modem designs that can support faster data rates and lower latency is also driven by the demand for better video quality and lower latency applications such as gaming and virtual reality.
Analysis by Operating Frequency
The sub-6 GHz segment dominated the market in 2023. The increasing availability of sub-6 GHz technology that provides wider coverage in urban and rural areas. 5G chipsets with sub-6 GHz frequencies are designed to support lower frequency bands used for 5G communications. These chipsets typically have advanced features and technologies to improve network performance and improve user experience. A key feature of 5G chipsets in the Sub-6 GHz range is the support for Massive MIMO antenna systems, which enables the use of multiple antennas to improve network capacity and performance.
The 24-39 GHz segment is expected to grow significantly between 2024 and 2031. This technology offers data rates of several gigabits per second, which is important for applications such as high-definition video streaming, augmented reality, virtual reality etc. RF components on a single chip, to reduced power consumption could help and simplify the system for equipment manufacturers, as well is an important contributor to the growth of the segment.
Global 5G Chipset Market By Type (%)
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5G Chipset Market Regional Insights
Asia-Pacific dominated the marketplace, with a proportion of 41.20% in 2023. This is because of rapid increase in excessive-pace connectivity and the substantial adoption of advanced technologies which include IoT, AI and cloud computing and 5G chipsets use. This trend is driving the boom of new programs in areas such as city a smart, health, schooling and transportation. Additionally, Asia-Pacific has many main producers of 5G chipsets, which drives innovation and competitiveness inside the local marketplace.
North America is expected to have the highest growth rate between 2024 and 2031. The deployment of 5G networks in North America enables emerging technologies such as autonomous vehicles, augmented reality and virtual reality, relying on low latency and high bandwidth. The 5G chipset market in the US. is expected to grow at a substantial CAGR of 18.1% from 2024 to 2031. The US. are seeing huge investments in smart homes, smart services and smart cities. Moreover, the country has also developed the first ever automated vehicles and intelligent transport system. All these developments are expected to spur demand for 5G chipset components in the US.
Global 5G Chipset Market By Geography
- Largest
- Fastest
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5G Chipset Market Dynamics
5G Chipset Market Drivers
Increasing Demand for High-speed and Low latency 5G Networks to Help Drive the Market Growth
- The demand for high-speed and low-density internet connections has been on the rise for the past decade. This increases the need for high-speed Internet connections, and faster data rates motivate the use of 5G network technology. All 5G technologies for smartphones and connected devices the performance is improved. For example, in October 2022, Telecom Talk, a conversation about telecommunications, released a research report. According to its report, the average smart device user spends 312 minutes/day on 5G smart devices in the U.S., which is 37 minutes/day more than 4G smart device users.
Expanding Smart Cities
- The rise of smart cities across the globe is another major driver for the 5G chipset market. Smart city planning calls for sturdy networks to allow green control and implementation of diverse urban infrastructures. 5G era, whose increased capability and speed helps supply sensible offerings such as visitors' management structures, smart grids, and public safety networks. 5G chipsets embedded in those systems provide seamless connectivity and actual-time data processing of superior 5G solutions.
Restraints
Increased Cost of Deployment
- 5G technology faces many technical challenges and compatibility issues that could hinder its development. The frequency bands used in 5G networks have short distances and are sensitive to obstacles thus requiring the use of small, dense cells to provide adequate coverage.
Technical Difficulties and Compatibility Issues
- The high value related to deploying 5G systems is a crucial quandary. Building a 5G network requires tremendous funding in new system towers and infrastructure. Additionally, due to improved effort requirements and regulatory approvals, fees are similarly expanded. These economic challenges could limit the widespread deployment of 5G generation, especially in developing regions where source control is possible.
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5G Chipset Market Competitive Landscape
The 5G chipset market is characterized by fierce competition as companies seek to take advantage of the rapid deployment of 5G technology worldwide. Samsung Exynos is also a very important part of the market in Asia, especially because of its Asia base. Huawei, which is known for its Kirin chipsets, even though it is facing international trade bans, continues in the process of developing its innovation. The 5G solutions that Intel are devoted to the markets of infrastructure and data centre.
Top Players in the 5G Chipset Market
- Qualcomm Technologies, Inc. (US)
- MediaTek Inc. (Taiwan)
- Samsung Electronics Co., Ltd. (South Korea)
- Qorvo Inc. (US)
- Huawei Investment & Holding Co. Ltd. (China)
- Xilinx Inc. (US)
- NXP Semiconductors N.V. (Netherlands)
- Marvell Technology Group (US)
- Skyworks Solutions, Inc. (US)
- Texas Instruments Incorporated (US)
- Murata Manufacturing Co., Ltd. (Japan)
- Renesas Electronics Corporation (Japan)
- Infineon Technologies AG (Germany)
- MACOM (US)
- U-blox (Switzerland)
- Sivers IMA (Sweden)
- Unisoc (Shanghai) Technologies Co., Ltd. (China)
- Cadence Design Systems, Inc. (US)
- Fibocom Wireless Inc. (China)
- Quectel (China)
5G Chipset Market Recent Developments
-
In March 2024, Qualcomm has announced the upcoming launch of a new chipset, likely to be the Snapdragon 8s Gen 3, positioned as a flagship product. This advanced System-on-Chip (SoC) is expected to drive market growth by enhancing the performance and capabilities of next-generation devices. With its cutting-edge technology, the Snapdragon 8s Gen 3 will enable faster processing speeds, improved energy efficiency, and enhanced connectivity features, making it highly attractive to manufacturers and consumers alike. This innovation is set to fuel demand for high-performance devices in sectors such as smartphones, tablets, and IoT, thereby significantly expanding Qualcomm's market presence and influence.
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In March 2024, Qualcomm has announced plans to launch a 5G smartphone priced under Rs 10,000 by the end of the year. The company confirmed its collaboration with telecom companies and manufacturers in India to develop this affordable smartphone. This initiative is poised to significantly expand the market by making 5G technology more accessible to a broader consumer base, driving the adoption of 5G services, and stimulating growth in the smartphone and telecom sectors.
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In February 2024, HFCL has partnered with Taiwanese fabless chipmaker MediaTek to integrate the MediaTek T750 chipset into its 5G indoor consumer premises equipment (CPE). This collaboration will significantly enhance the performance and capabilities of HFCL's 5G CPE, ensuring faster and more reliable connectivity for consumers. By leveraging MediaTek's advanced chipset technology, HFCL can offer superior 5G solutions, driving market growth by meeting the increasing demand for high-speed internet access in indoor settings. This strategic partnership positions HFCL to capitalize on the expanding 5G market and reinforces its competitive edge in providing cutting-edge communication solutions.
5G Chipset Key Market Trends
- Increasing Use of Innovative Devices Across Verticals in Various Industries Is Driving the Market Expansion: Over the past two decades, various brands have shifted their businesses to digital platforms. So, digitizing all industry verticals is one of the top priorities. This digitization includes the use of state-of-the-art high-tech technologies such as the internet of industrial things, industrial automation and artificial intelligence. The ease in use of advanced technologies requires fast and seamless internet connectivity, which can be enabled with 5G to enable chipsets. Furthermore, these 5G processors and chipsets are widely used for real-time communication of vehicle-to-vehicle and pedestrian communication in hybrid and electrically connected vehicles. Moreover, 5G chipsets are widely used in manufacturing for better communication between brands and device manufacturers. These constant uses of chipsets are driving the global market.
5G Chipset Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the 5G chipset market is experiencing significant growth due to the rapid deployment of 5G networks globally. Key drivers include increased demand for high-speed data communication, rising adoption of Internet of Things (IoT) devices, and the expansion of smart city projects. The market is characterized by technological advancements in 5G chipsets, leading to more efficient and powerful solutions. Major industry players are investing in research and development to innovate and stay competitive. North America and Asia-Pacific are leading the market due to early 5G adoption and strong presence of semiconductor companies. Challenges include high infrastructure costs and regulatory hurdles. However, these challenges are expected to diminish as the technology matures. The 5G chipset market is projected to grow further as 5G networks become mainstream, with applications in various industries such as telecommunications, automotive, and consumer electronics.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 16.04 Billion |
| Market size value in 2031 | USD 94.63 Billion |
| Growth Rate | 21.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on 5G Chipset Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on 5G Chipset Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 5G Chipset Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 5G Chipset Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 5G Chipset Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 5G Chipset Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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