Market Research Report
5G Chipset Market with COVID-19 Impact Analysis, By Chipset Type, By Frequency Type, By Deployment Type, By End-User and By Region - Size, Share,& Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||987625|
|Published||Content info||301 Pages
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|5G Chipset Market with COVID-19 Impact Analysis, By Chipset Type, By Frequency Type, By Deployment Type, By End-User and By Region - Size, Share,& Forecast from 2021-2027|
|Published: February 1, 2021||Content info: 301 Pages||
The global 5G Chipset market was valued at USD 11.9 billion by 2019, growing with 28.3% CAGR during the forecast period, 2021-2027.
5G Chipsets are designed to intelligently work together for consistently delivering superior coverage, high cellular speeds, and outstanding power efficiency for the smart devices. 5G chipsets significantly improve network connection by enables to delivery of groundbreaking solutions provided across the globe.
Increasing adoption of advanced technology for improving the telecommunications services around the globe with the surge in government and private sector investment has impelled the 5G chipsets market growth. For instance, as per the World Economic Forum, in 2019, 5G technology-based intelligent internet connectivity is expected to generate approximately US$ 3.6 trillion for the economic output worldwide by the end of 2035. The organization also stated that IoT investments by several businesses reached US$ 832 billion (2020), whereas the total consumer spending on IoT devices raised to US$ 236 billion. In addition to this, increasing demand for smart devices with the advent of advanced technology such as IoT devices, AI, etc. will stimulate the 5G Chipsets market growth.
Further, the Covid-19 pandemic has radically created a massive demand for connected devices that are useful for monitoring and tracking the disease infected cases around the world. 5G chipset has the build-in incredible advanced technology for better connectivity, imaging, gaming, connectivity, and power efficiency.
The 5G chipset market is segmented on the basis of chipset type, frequency type, deployment type, application, and region.
In terms of the chipset type, the global 5G chipset market is divided into Cellular Integrated Circuit (Cellular IC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Integrated Circuit (mmWave IC), and Application-Specific Integrated Circuit (ASIC). Among these into Cellular Integrated Circuit (Cellular IC) segment accounted for the highest market share in 2020. Growth is primarily due to increasing investment by the leading players around the globe. For instance, in November 2018, Nokia Corporation invested in the telecom sector with an agreement worth around US$ 2.2 billion with three major telecommunication companies in China including China Telecom Corporation Limited, China Mobile Limited, and China United Network Communications Group Co., Ltd. This agreement was aimed to deploy high-speed network infrastructure in China by adopting 5G-enabled devices across the country. This initiative would, in turn, create a massive demand for the 5G chipset products, augmenting the industry growth.
Depending upon the frequency type, the global 5G chipset market is segmented into Sub-6Hz, Between 26 and 39 GHz, and above 39 GHz. Among these 26 and 39 GHz segment has the highest market share in 2020, this is primarily due to rising demand for managing the corporate businesses by the leading IT and telecommunication companies around the globe.
Further, in terms of deployment type, the global 5G Chipset market is classified as Connected Vehicles, Broadband Access Gateway, Connected Devices, Telecom Base Station Equipment, Smartphones/Tablets, and others. Among these connected devices segment has the highest market share in 2020, this is primarily due to increasing global demand for the connected devices for business purposes in several industries including healthcare, it & telecom, energy & utilities, and manufacturing. For instance, as per the public policy research institute named "Congressional Research Service", the global connected devices' including IoT & Non-IoT device industry reached around US$ 19.6 billion and is projected to reach US$ 32.5 billion by 2025 which will establish healthy platform for segment growth.
Several leading players are investing in the deployment of the 5G network in several countries to enhance internet connectivity and speed that may create ample opportunity for the 5G chipset market development. For instance, in 2019 Intel Corporation has invested more than US$ 28.7 billion for extensive research and development of new innovative technology-based devices such as IoT devices, 5G chipsets, etc. It may create ample opportunity fr the growth of this market.
Further, several leading players are launching advanced technology-based devices for improving connectivity around the globe which may create huge opportunities for the growth of this market. For instance, in September 2020, MediaTek launched a 7 nm 5G chipset named Mediatek Dimensity 1000C in the U.S. It has several facilities including enhanced AI capabilities, fast connectivity display features, and multimedia connectivity.
Key features of the study:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL 5G CHIPSET MARKET KEY PLAYERS
Samsung Electronics Co. Ltd.
NXP Semiconductors N.V
Huawei Technologies Co., Ltd.
Renesas Electronics Corporation
Infineon Technologies AG
GLOBAL 5G CHIPSET MARKET, BY CHIPSET TYPE
Radio Frequency Integrated Circuit (RFIC)
Cellular Integrated Circuit (Cellular IC)
Application-Specific Integrated Circuit (ASIC)
Millimeter Wave Integrated Circuit (mmWave IC)
GLOBAL 5G CHIPSET MARKET, BY FREQUENCY TYPES
Between 26 and 39 gHz
Above 39 gHz
GLOBAL 5G CHIPSET MARKET, BY DEPLOYMENT TYPE
Telecom Base Station Equipment
Broadband Access Gateway
GLOBAL 5G CHIPSET MARKET, BY END-USER
IT & Telecom
Media & Entertainment
Transportation & Logistics
Energy & Utilities
GLOBAL 5G CHIPSET MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures