What is the global market size of 5G Chipset Market?

5G Chipset Market size was valued at USD 16.04 billion in 2021 and is poised to grow from USD 19.28 billion in 2022 to USD 92.05 billion by 2030, growing at a CAGR of 21.8% in the forecast period (2023-2030).

Who are the key vendors in the Global 5G Chipset Market?

In terms of the competitive landscape, a few companies have dominated this market due to their strong product portfolios and key strategic decisions. To strengthen their position in the market for 5G chipsets, companies are employing a variety of strategies, including new product development and strategic collaborations. Simultaneously, key smartphone manufacturers, such as Apple Inc., are focusing on vertical integration to expand their product portfolios with 5G-enabled devices. Market incumbents are focusing aggressively on developing new and innovative products, expanding overall product portfolios, and gaining a significant market share. 'Qualcomm Technologies, Inc.', 'Samsung Electronics Co., Ltd.', 'MediaTek Inc.', 'Intel Corporation', 'Xilinx Inc.', 'Infineon Technologies AG', 'Huawei Technologies Co. Ltd.', 'Broadcom Inc.', 'Qorvo Inc.', 'Nokia Corporation', 'Ericsson AB', 'Fujitsu Limited', 'Analog Devices Inc.', 'Murata Manufacturing Co., Ltd.', 'NXP Semiconductors N.V.', 'Marvell Technology Group Ltd.', 'Texas Instruments Inc.', 'ZTE Corporation', 'Renesas Electronics Corporation', 'Unisoc Communications Inc.'

What is the key driver of Global 5G Chipset Market?

The speed and reliability of 5G are expected to have a significant impact on machine-to-machine (M2M) and Internet of Things (IoT). Better connectivity for smooth communication and low power requirements are key reasons for the increased adoption of new M2M technologies. To achieve effective M2M communication, mobile networks' existing capacity must be able to handle billions of nodes that are expected to ascend in the coming years. The network capacity is currently insufficient to handle M2M and human-based communications, as well as their various communication patterns such as latency time. As a result, a next-generation cellular network for mobile communication is required, with hyper-connectivity and increased bandwidth (e.g., 5G network). M2M communication technology will be widely used in heavy manufacturing and process industries (e.g., food industries) to improve process efficiency and reduce human interference with machines. As a result, M2M communication is expected to drive the 5G chipset market.

What is the key market trend for Global 5G Chipset Market?

Intelligent cities and smart infrastructure are vital aspects of IoT applications. As organizations already utilize IoT to monitor equipment efficiency, the tendency to use IoT is likely to also increase requirements for 5G chipsets.

Which region accounted for the largest share in Global 5G Chipset Market?

The Asia Pacific region held the highest share of global 5G chipset market in 2021. As a result, 5G smartphone investments have grown in the region. Over the forecast period, the growing preference for smart manufacturing in emerging economies such as China and India is expected to drive the adoption of 5G chipset components.

Machine Tools Market Size, Share, Growth Analysis, By Product Type(Turning Machines (Type {Swiss-type, Multi-spindle}, Universal Turning Machines), Milling Machines (Axis Type {4-axis), By Automation(Computer Numerical Control (CNC), Conventional Machine Tools), By Sales Channel(Direct Sales, Events and Exhibitions, Dealers and Distributors), By End User Industry(Aerospace, Medical, Semiconductor, Automotive and Transportation), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2151 | Region: Global | Published Date: July, 2024
Pages: 165 | Tables: 66 | Figures: 75

Machine Tools Market Competitive Landscape

Top Players in the Machine Tools Market

IBM (United States)
AWS (Amazon Web Services) (United States)
Oracle (United States)
Coinbase (United States)
Fujitsu (Japan)
Huawei Cloud (China)
NTT Docomo (Japan)
Chainalysis (United States)
Ripple Labs (United States)
Consensys (United States)
Gemini (United States)
Binance (China)
Ocean Protocol Foundation (Singapore)
Helium Foundation (United States)
Kusama (United States)
Crypto.com (Hong Kong)
Biconomy (India)
MakerDAO (United States)
Chainlink (United States)
Web3 Foundation (Switzerland)
Highstreet (United States)
Parfin (Brazil)
Ava Labs (United States)
Pinata (United States)
Covalent (Canada)
Polygon Technology (India)
Alchemy Insights (United States)
Decentraland (Argentina)
Daostack (United States)
Kadena LLC (United States)
Sapien (United States)
Storj (United States)
Brave (United States)

Machine Tools Market Recent Development

In April 2024, DMG MORI acquired Kuraki Company Limited to promote expansion. The combined company consists of DMG MORI Precision Boring Co., Ltd.; The rebranding is intended as the KURAKI portfolio of specialized CNC horizontal boring and milling machines is a key component of this acquisition.
In February 2024, DN SOLUTIONS entered into a strategic agreement with ModuleWorks, a leading software provider in the CAD/CAM industry, marked by investment and collaborative business efforts.
March 2023: Philips Machine Tools announced a strategic partnership with JFY International to expand its solution portfolio for metalworking customers. JFY International, a member of the TRUMPF group, is a full-service metalworking solutions provider, offering CNC bending, punching, spinning, 2D laser cutting machines, and automation from a single machine to a fully functional line.

Machine Tools Market Report Snapshots

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Global Machine Tools Market size was valued at USD 84.00 billion in 2022 and is poised to grow from USD 88.70 billion in 2023 to USD 137.17 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

Leading manufacturers such as the DMG MORI, Mazak, FANUC, Siemens dominate the market offering a wide range of CNC machines, lathes, milling machines, and other advanced technological solutions These companies invest heavily in R&D with products new ones that meet the specific needs of businesses come. In addition, they form strategic partnerships and collaborations to exploit each other’s strengths and expand their markets. A notable example of strategic partnership in the machine tool market is the collaboration between DMG MORI and Microsoft. For 2021, DMG MORI, a leading manufacturer of machine tools, partnered with Microsoft to enhance the digital capabilities of its machine solutions. The purpose of this partnership was to integrate Microsoft’s cloud computing services, specifically Azure IoT, with DMG MORI’s device tools. 'IBM (United States) ', 'AWS (Amazon Web Services) (United States) ', 'Oracle (United States) ', 'Coinbase (United States) ', 'Fujitsu (Japan) ', 'Huawei Cloud (China) ', 'NTT Docomo (Japan) ', 'Chainalysis (United States) ', 'Ripple Labs (United States) ', 'Consensys (United States) ', 'Gemini (United States) ', 'Binance (China) ', 'Ocean Protocol Foundation (Singapore) ', 'Helium Foundation (United States) ', 'Kusama (United States) ', 'Crypto.com (Hong Kong) ', 'Biconomy (India) ', 'MakerDAO (United States) ', 'Chainlink (United States) ', 'Web3 Foundation (Switzerland) ', 'Highstreet (United States) ', 'Parfin (Brazil) ', 'Ava Labs (United States) ', 'Pinata (United States) ', 'Covalent (Canada) ', 'Polygon Technology (India) ', 'Alchemy Insights (United States) ', 'Decentraland (Argentina) ', 'Daostack (United States) ', 'Kadena LLC (United States) ', 'Sapien (United States) ', 'Storj (United States) ', 'Brave (United States) '

The demand for manufacturing unit automation is driving the growing use of wise manufacturing technologies in production and processing. This is due to advantages along with increased productiveness, productivity and a strong personnel that is easy to manage. Manufacturing and gadget operations will see a paradigm evolve from traditional strategies to flexible machine systems.

One of the most crucial traits inside the device market is the integration of the IoT era. The adoption of IoT permits real time monitoring and manipulation of tools, enhancing the overall performance and decreasing downtime. By connecting device gear to an essential community, producers can acquire and examine gadget overall performance, strength consumption, and maintenance facts. This facts-pushed approach allows for predictive renovation, which incorporates figuring out and addressing capability issues earlier than gadget failure, thereby lowering unplanned downtime and optimizing production.

The machine tools market in North America is expected to grow at a significant CAGR due to various factors such as well-established automotive manufacturers such as General Motors, Nissan, Tesla, Ford, suitable infrastructure for electric vehicles. It is likely to boost the growth of the market, which in turn is likely to boost the growth of the machine tools equipment market during the forecast period. The machine tools market in the U.S. is expected to grow slightly and witness a CAGR of 4.2% during the forecast period. The aerospace industry is a hub for innovative machine tool technology and manufacturing. Thus, the growing aerospace industry will drive the need for automation in the aviation industry. For example, Air India purchased 220 aircraft from Boeing in January 2023. The transaction was completed at a list price of $34.00 billion. Additionally, Mazak sees a general trend of increasing demand for machines with 5-axis capabilities for space cutting.

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Machine Tools Market Competitive Landscape

Machine Tools Market Report Snapshots

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