5G Chipset Market Size

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).

Key vendors in 5G Chipset Market are: '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)'

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.  

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.

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.