5G Chipset Market Size, Share, Growth Analysis, By Type(Modems, RFICs (RF Transceiver, RF FE), Frequency(<6 GHz, 24-39 GHz, >39 GHz), Process Node(<10nm, 10-28nm, >28nm), End Use Installation (Telecom Infrastructure, Mobile & Non-Mobile Devices, Automobiles), and Region - Industry Forecast 2024-2031

Global 5G Chipset Market size was valued at USD 16.04 Billion in 2022 and is poised to grow from USD 19.54 Billion in 2023 to USD 94.63 Billion by 2031, growing at a CAGR of 21.8% in the forecast period (2024-2031). 

5G technology has attracted significant interest due to its promised benefits within industrial environments, particularly with the advancements introduced in 3GPP's Release 16. Our analysis revels that the key capabilities such as 99.999% network availability and reliability, sub-10 milliseconds latencies, and support for time-sensitive networking have made 5G an appealing option for industrial players aiming to digitize operations in the context of Industry 4.0. For instance, ABB and Ericsson have partnered to support Thailand's Industry 4.0 ambitions, enhancing flexible production through automation systems and wireless communications. This collaboration focuses on ABB's Robotics & Discrete Automation, Industrial Automation, and Motion business areas, leveraging the ABB Ability Platform Services. Key initiatives include the deployment of 5G-enabled augmented reality lenses for remote commissioning in manufacturing environments and globally connected NB-IoT motors and drives through Ericsson's Communication Service Provider partners and IoT-Accelerator platform. 

The Global 5G chipset market is an emerging and fast-growth segment that is crucial in the emergence and availability of next generation wireless technology. Such market includes a wide variety of chipsets that are employed in 5G-enabled devices and infrastructure. Devices can now transmit data faster, have low latency and maintain high connectivity for different applications. With global connectivity and data-driven technology gaining momentum, the request for 5G integrated circuits is only expected to soar. The goal of the chipset market for 5G is to bring the essential equipment to support the popularization of 5G technology across diverse industries. This ranges from ICT (Info and Communications Technology), automotive, healthcare, entertainment, and smart cities, among others. 5G chipsets represent the turning point for devices and systems of all kinds, since now they can be easily interconnected, which leads to new solutions and more efficiency, both on the personal and the professional level. A multiplicity of elements is the main force of the global 5G chipset market to go forward. First, we need to consider the growing needs for services like high-speed internet and data services which are driving the adoption of 5G technology. The impulsion of digital transformation in fields of the medical care and manufacturing industry also create the market volume.  

Additionally, our study also reveals that the market is constricted by a few factors that can hinder its development. One of those factors is the high cost attributed to 5G infrastructure and device making. The issues in the 5G customized chipset market are the rapid technology development and the supply chain difficulties. Producing chips that have ability to tackle the requirements of 5G technology, including more data speed and less power consumption, is a large task that needs significant R&D. However, the development of these technologies faces a lot of challenges. On the other hand, there are a lot of 5G chipset opportunities in the market. Take for example those relationships among manufacturers of chipsets and telecommunications infrastructure which will result in better roll out of 5G networks.

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