Global 5G Chipset Market

Global 5G Chipset Market Size, Share, Growth Analysis, By Frequency Type(sub-6GHz mm Wave, sub-6GHz+ mm Wave), By Node(7 nm, 10 nm), By Deployment(Telecom Base Station Equipment, Smartphones/Tablets), By Vertical outlook(Manufacturing, Energy & Utilities) - Industry Forecast 2023-2030


Report ID: SQMIG45I2067 | Region: Global | Published Date: February, 2024
Pages: 162 | Tables: 121 | Figures: 77

Global 5G Chipset Market Insights

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).

A 5G chipset is a specialized component of customer premises equipment and network infrastructure equipment that allows the end user to create a wireless network based on 5G network specifications. The proliferation of internet-connected devices raises the need for a completely new wireless infrastructure known as 5G. Fifth-generation wireless (5G) is the mobile network generation that follows the current 4G LTE mobile network. These networks extend broadband wireless Operational Frequency beyond mobile internet to the Internet of Things (IoT) and critical communications segments, allowing for a global perception of complete connectivity.

The 5G chipset market is expected to grow significantly during the forecast period due to proliferation of M2M/IoT connections. Furthermore, the market is growing due to an increase in demand for high-speed internet and extensive network coverage. Furthermore, an increase in demand for mobile broadband operational frequency is expected to drive 5G chipset market growth during the forecast period.

Several leading telecom operators all around world, including AT&T, Inc., Verizon Communications, and China Telecom Corporation Limited, are investing heavily in the deployment of 5G network infrastructure to provide high-speed connectivity to their customers. However, Governments of all across the world are focusing to implementing 5G technology and applications policies that have pushed operators globally into even stronger rivalry in 5G large-scale commercial deployment and vertical industries testing.

US 5G Chipset Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 16.04 billion

Fastest Growth

sub-6GHz mmWave

Growth Rate

21.8% CAGR

Global 5G Chipset Market($ Bn)
Country Share for Asia-Pacific (%)
Global 5G Chipset Market
Global 5G Chipset MarketBY Type (%)

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Global 5G Chipset Market Segmental Analysis

Global 5G chipset market is segmented based on frequency type, node type, deployment type, vertical outlook, and region. Based on frequency type, 5G Chipset Market is categorized into sub-6GHz mmWave, sub-6GHz+ mmWave. Based on node type, 5G Chipset Market is categorized into: 7 nm, 10 nm. Based on deployment type, 5G Chipset Market is categorized into telecom base station equipment, smartphones/tablets, single-mode connected vehicles, connected devices, broadband access gateway devices. Based on vertical outlook 5G Chipset Market is categorized into manufacturing, energy & utilities, media & entertainment, IT & telecom, transportation & logistics, and healthcare. Based on region, 5G Chipset Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

5G Chipset Market Analysis by Node Type

In terms of value, the 7 nm segment dominated the market in 2020, accounting for 64.2% of the market. This is due to key players' initial focus on developing 5G chipset components with a 7nm processing node. Leading market players such as MediaTek Inc., Huawei Technologies Co. Ltd., Intel Corporation, and Qualcomm Incorporated are focusing their initial efforts on developing 5G chipset components with a 7nm processing node. Furthermore, these market players are currently focused on manufacturing 7 nm and 10 nm chipset processing nodes to support high band frequencies.

Modern communication networks, on the other hand, are expected to face heavier loads as they serve multiple applications at the same time. This would necessitate the creation of a new chipset capable of faster processing speeds. As a result, the 10 nm segment is expected to grow at a rapid pace over the forecast period. Furthermore, as self-driving cars become more common, the need for seamless connectivity between vehicles will grow, and higher processing nodes will be required to develop 5G chipset components.

5G Chipset Market Analysis by Frequency Type

In 2020, Sub-6 GHz is attributed to hold largest market size of 5G chipset market. 5G devices operating in the Sub-6 GHz frequency region are expected to play a key role in providing comprehensive coverage and enabling a wide range of use cases. Companies like Huawei and ZTE do 90% of their work in sub-6 GHz. Sub-1 GHz frequencies provide 5G services in urban, suburban, and rural locations, and they may also play a role in IoT services. This spectrum will most likely aid in the delivery of 5G services to hard-to-reach and densely populated public places. 5G coverage and capacity applications employ spectrum from 1 to 6 GHz

Global 5G Chipset MarketBY Type, 2021 (%)

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Global 5G Chipset Market Regional Insights

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.

The market in the United States is expected to grow significantly in the coming years. The United States is seeing significant investment in smart homes, smart industries, and smart cities. At the same time, consumers in the United States are becoming more interested in high-graphics online gaming. Furthermore, the country is emerging as a pioneer in self-driving cars and smart transportation infrastructure. All of these developments are expected to increase demand for 5G chipset components in the United States.

Global 5G Chipset MarketBy Region, 2023-2030
  • Largest
  • Fastest

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Global 5G Chipset Market Dynamics

5G Chipset Market Drivers

  • 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.

5G Chipset Market Restraint

  • Smartphone chipsets that support 5G are anticipated to be more expensive than those that support 4G today. From 2019, first-generation 5G chipsets were only available in high-end smartphones. Volume deployment of 5G devices based on second-generation chipsets is expected in 2020, and performance-optimized 5G devices will be available in 2021. Qualcomm only supports 5G on its flagship Snapdragon 8-series SoCs, which are found in a small number of premium handsets.
  • The business intends to greatly increase its 5G lineup by including 5G in its 7-series and 6-series lines. For mid-range smartphones, Snapdragon 765 and Snapdragon 690 are already available. However, no plans for 4-series chipsets, which are utilized in lower-cost phones, have been revealed by the business.

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Global 5G Chipset Market Competitive Landscape

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.

Top Players in the Global 5G Chipset Market

  • 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.

5G Chipset Market Recent Developments

  • In February 2021, Bharti Airtel announced its collaboration with US chipmaker Qualcomm to roll out 5G services in the country. Airtel quoted that it will use Qualcomm's 5G RAN platforms to roll out virtualized and open RAN-based 5G networks.
  • In July 2020, Qualcomm launched a new 5G mobile platform in the snapdragon series, which not only allows 5G but also HD gaming and mobile-based AI.

Global 5G Chipset Key Market Trends

  • 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.
  • Industries may enhance customer experience with the help of AI and 5G electronics and deploy customized intelligent solutions to support the system of industrial electronics, making the business environment smarter, and help exploration and innovation in a new sector.
  • There is a rising tendency to invest extensively in new and improved 5G chipsets in the market. For instance, Nokia and 3 other telecoms carriers in China agreed in 2018 to invest USD 2,000 million. Large businesses like Verizon Inc and AT&T are also investing heavily in the market.

Global 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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, it has been identified that rapidly increasing demand for ultra-reliable and low-latency data networks capable of providing wireless integration is expected to drive market growth over the forecast period, as is the growing demand for high-speed data networks with a latency of less than 1ms to ensure seamless connectivity for mission-critical applications such as Machine-to-Machine (M2M) communication.

Report Metric Details
Market size value in 2021 USD 16.04 billion
Market size value in 2030 USD 92.05 billion
Growth Rate 21.8%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Frequency Type
    • sub-6GHz mm Wave, sub-6GHz+ mm Wave
  • Node
    • 7 nm, 10 nm
  • Deployment
    • Telecom Base Station Equipment, Smartphones/Tablets, Single-mode Connected Vehicles, Connected Devices, Broadb, Access Gateway Devices
  • Vertical outlook
    • Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare
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
  • 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.
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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 Global 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
  • 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 Global 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
  • 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
  • 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(%)

Methodology

For the Global 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 Global 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

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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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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.

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FAQs

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).

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.'

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.

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.

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.

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