PUBLISHER: Roots Analysis | PRODUCT CODE: 1725772
PUBLISHER: Roots Analysis | PRODUCT CODE: 1725772
As per Roots Analysis, the global 5G chipset market size is estimated to grow from USD 31.3 billion in the current year to USD 128.6 billion by 2035, at a CAGR of 13.7% during the forecast period, till 2035.
The opportunity for 5G chipset market has been distributed across the following segments:
Type of Chipset
Operating Frequency
Processing Node Type
Deployment Type
End-User
Geography
5G chipsets are advanced semiconductor devices designed to provide higher data throughput and reduced latency compared to their 4G counterparts. Prominent manufacturers of 5G chipsets, such as Qualcomm, MediaTek, and Huawei, are at the forefront of the industry with a range of innovative offerings. Qualcomm has a diverse selection of 5G chipsets, which includes chips utilizing mm wave technology (mmWTC) as well as systems on chips (SOC) that operate in sub-6 GHz frequencies. Additionally, MediaTek's Dimensity series of 5G chipsets seamlessly integrate modems into the chipsets, enhancing performance efficiency and global connectivity.
Over the past decade, we have seen a variety of advancements in communication since the emergence of smartphones. Currently, the 5G network leverages millimeter wave technology to close the gap between rapid data transmission and latency. The 5G spectrum, which uses millimeter wave frequency bands between 24 GHz and 100 GHz, offers extremely high data transmission speeds and increased capacity, even with more cellular devices connected to the network. Recent applications of 5G millimeter wave technology include online gaming, live 8K video streaming, and automation in industrial settings.
It is worth highlighting that Huawei, in collaboration with Fujian Medical University in China, successfully conducted a surgical experiment using remote surgical platforms powered by Huawei's 5G network. Driven by these advancements and the growing demand for 5G technology, the market for 5G chipsets is expected to grow significantly during the forecast period.
Based on the type of chipset, the global 5G chipset market is segmented into application specific integrated circuits (ASICs), radio frequency integrated circuits (RFICs), millimeter wave technology chips (mmWTCs), field-programmable gate arrays (FPGAs) and others. According to our estimates, currently, RFICs captures the majority share of the market and this trend is unlikely to change in future.
This can be attributed to the fact that RFICs are widely used in cellular devices, which represent a significant segment of the end-users benefiting from 5G technology. Major companies like Qualcomm and MediaTek have established a range of system-on-chip (SoC) solutions that integrate RFICs. These SoCs are highly sought after for smartphones and tablets to deliver fast data transmission to users.
Based on type of operating frequency, the 5G chipset market is segmented into sub-6 GHz, 24-39 GHz and above 39 GHz. According to our estimates, currently, cshipsets that function within the 24-39 GHz frequency range captures the majority share of the market and are anticipated to experience a relatively higher CAGR during the forecast period.
This growth can be attributed to the fact that 5G technology operating at millimeter wave frequencies between 24 GHz and 100 GHz delivers ultra-high data transmission speeds. Additionally, it enhances the user experience when 5G-enabled devices are utilized as connected devices in the internet of things (IoT).
Based on type of method, the 5G chipset market is segmented into marketing, digital marketing, event and webinars, and lead magnets. According to our estimates, currently, digital marketing segment captures the majority share of the market. The versatility of digital marketing allows it to precisely target large audiences, making it a dominant segment in 5G chipset.
Additionally, its extensive range of online activities, including search engine optimization, content marketing, email marketing, and social media marketing, contributes to the segment's expansion. However, affiliate marketing segment is anticipated to grow at a higher CAGR during the forecast period.
Based on deployment type, the 5G chipset market is segmented into broadband access gateway devices, connected vehicles, connected devices, smartphones / tablets and others. According to our estimates, currently, smartphones / tablets capture the majority share of the market. This can be attributed to the growing affordability of 5G smartphones, due to the shrinking price difference between 5G and 4G chipsets.
Based on end-user, the 5G chipset market is segmented into automation industry, automotive industry, consumer electronics industry, healthcare industry and others. According to our estimates, currently, consumer electronics industry captures the majority share of the market. This can be attributed to the rising popularity of affordable 5G smartphones and tablets worldwide. However, driven by the growing need for automation in industrial processes, the demand for 5G chipsets in the automation sector is anticipated to grow at a higher CAGR during the forecast period.
Based on geography, the 5G chipset market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. According to our estimates, currently, Asia-Pacific captures the majority share of the market. However, the market in North America is anticipated to grow at a higher CAGR during the forecast period.
The report on the 5G chipset market features insights on various sections, including: