5G Chipsets Market Size, Share and Industry Growth Analysis Report by Type (Modems, RFICs), Frequency (Sub - 6 GHz, 24 - 29 GHz, Above 39 GHz), Process Node (Less than 10 nm, 10 to 28 nm, Above 28 nm), End-use (Telecommunication Infrastructure, Mobile Devices) and Region - Global Growth Driver and Industry Forecast to 2028
Updated on : May 30, 2023
[233 Pages Report] Global 5G chipset market in terms of revenue was estimated to be worth USD 36.3 billion in 2023 and is poised to reach USD 81.0 billion by 2028, growing at a CAGR of 17.4% from 2023 to 2028. The new research study consists of an industry trend analysis of the market.
Key features fueling the growth of 5G Chipsets are the major factors driving the growth of the 5G chipset market are the growing demand for high-speed internet with better network coverage, increasing cellular and M2M IoT connections, and an increase in adoption of 5G in automobiles.
5G Chipsets Market Forecast to 2028
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Market Dynamics
Driver: Increased demand for high-speed internet
Rising demand for high-speed internet and extensive network coverage for several applications is likely to benefit the market in the forecast period. Growing distance learning, autonomous driving, multiuser gaming, and videoconferencing are anticipated to augment the 5g chipset market. Other factors include rising live streaming, increasing demand for telemedicine, and the growing popularity of augmented reality. For instance, in June 2021, Reliance Jio (Mumbai) collaborated with NXP Semiconductor (Netherlands) to implement a 5G NR O-RAN small cell solution incorporating NXP’s Layerscape multicore processors. The combined solution powered new RAN networks that delivered high performances. It enabled a wide range of 5G use cases for broadband access and Industry 4.0 and IoT applications, including telemedicine, tele-education, augmented/virtual reality, drone-based agricultural monitoring, and more. Thus, 5G cellular services are expected to witness growing adoption to meet the demand for high-speed internet and high-quality voice services. Alongside this, the increasing penetration of connected devices in commercial and residential applications is expected to generate demand for short-range connectivity devices for extended coverage.
Restraint: High cost of 5G Devices
The cost of 5G-capable smartphone chipsets will probably be higher than the price of existing 4G chipsets. In 2019, only high-end smartphones were equipped with first-generation 5G chipsets. Mass deployment in 2020–2021 was based on second- and third-generation chipsets. Only a small number of high-end smartphones employ Qualcomm's flagship Snapdragon 8-series Processor, which only supports 5G. By making its 7-series and 6-series lineups available on 5G, the business dramatically increased its 5G selection. For mid-range smartphones, Snapdragon 765 and Snapdragon 690 are already available. The 4-series chipset, which are utilized in less expensive phones was launched for to a larger audience. MediaTek and Qualcomm are anticipated to decrease the prices more in future.
Opportunity: Rising demand from autonomous cars, smart cities, and healthcare sector
5G network offers different features such as high-speed data transfer rate, low latency, and consistent connectivity-all easily manageable with previous-generation technology. These features are useful across various industries. For instance, in autonomous cars/connected cars, the low latency of 5G networks is critical to implement safety systems and real-time V2V and V2I communications. In smart cities, there are dense arrays of wireless sensors that enable various services and applications, right from environmental services and pollution monitoring to security surveillance, traffic management, and smart parking. Apparently, 5G infrastructure plays an integral role in meeting various requirements of several connected devices and numerous sensors that are being deployed. Furthermore, in healthcare, 5G networks could become a revolutionary development. For instance, in an emergency situation, a 5G network can help avail services such as telemedicine and emergency care providers. The wide adoption of 5G networks in different business segments would further increase opportunities for the 5G chipset market.
Challenge: Design challenges in RF Front Modules
Demand for wireless communication systems with robust transmitting and receiving performance is growing tremendously as society shifts toward emerging technologies. The increase in efficiency increases the operating time in battery-powered products, thereby reducing the electric consumption of wireless base stations and similar applications. It is up to the RF device designer to balance and mitigate sensitivities to operating conditions while providing an easily implementable device that can accommodate the varied requirements of the targeted applications. Therefore, it is challenging to accommodate all the evolving technologies while designing robust RF semiconductor devices.
The 5G Chipsets market for the mobile devices segment held the largest share
In mobile devices segment, the acceleration of 5G connectivity is having a major impact on smartphones, tablets, and AR/VR devices. Amidst all the sub-segments of mobile devices, the smartphone’s share is expected to be highest. Smartphones and tablets will be the key opportunistic market space in the consumer electronics sector for the 5G chipsets market. The laptop market is also one of the major opportunities for 5G in devices beyond smartphones.
Asia Pacific accounted for the largest share of the 5G Chipsets market
5G network would play an integral role in advanced technologies such as IoT and M2M communication and applications such as smart cities and industrial automation. 5G connectivity is suited to these areas, as it provides simultaneous connectivity for multiple devices and has low latency, which, in turn, improves the system's overall performance. According to GSMA, the total mobile connections in Asia Pacific will be 430 million on 5G networks by 2025. Between FY2022 and FY2025, mobile operators in the Asia Pacific region are set to invest USD 227 billion in 5G deployments. With 5G already launched in 19 countries, with others having plans to roll out in the coming time, Asia Pacific is anticipated to be the largest market for 5G chipsets industry.
5G Chipsets Market by Region
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Top 5G Chipset Companies - Key Market Players
The 5G Chipsets companies have implemented various types of organic as well as inorganic growth strategies, such as new product launches and acquisitions, to strengthen their offerings in the market. The major players in the 5G Chipsets market are Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), SAMSUNG (South Korea), and Broadcom (US) among others. The other companies profiled in the report are Qorvo, Inc (US), Skyworks Solutions, Inc. (US), Analog Devices, Inc. (US), Marvell (US), Anokiwave, Inc (US), NXP Semiconductors (Netherlands), Xilinx (Acquired by AMD) (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), Arm Limited (UK), Cadence Design Systems, Inc. (US), Fibocom Wireless Inc. (China), Quectel (China), and OMMIC (France).
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Report Metric |
Details |
| Estimated Market Size | USD 36.3 Billion |
| Projected Market Size | USD 81.0 Billion |
| Growth Rate | 17.4% |
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Years considered |
2019–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD million/billion) |
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Segments covered |
Type, End – Use, Process Node, and Frequency |
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Regions covered |
North America, Europe, APAC, and the Rest of the World |
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Companies covered |
Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), SAMSUNG (South Korea), and Broadcom (US), Qorvo, Inc (US), Skyworks Solutions, Inc. (US), Analog Devices, Inc. (US), Marvell (US), Anokiwave, Inc (US), NXP Semiconductors (Netherlands), Xilinx (Acquired by AMD) (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), Arm Limited (UK), Cadence Design Systems, Inc. (US), Fibocom Wireless Inc. (China), Quectel (China), and OMMIC (France). The study includes an in-depth competitive analysis of these key players in the 5G Chipsets market with their company profiles, recent developments, and key market strategies. |
5G Chipsets Market Highlights
In this report, the overall 5G Chipsets market has been segmented based on Type, End – Use, Process Node, and Frequency
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Segment |
Subsegment |
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By End–Use: |
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Recent Developments
- In December 2022, MediaTek Inc. announced its newest chipset for premium 5G smartphones. Smartphones, the Dimensity 8200. The new chipset delivers unparalleled power efficiency. It also integrates an octa-core CPU with four Arm Cortex-A78 cores operating up to 3.1 GHz and a powerful Mali-G610 graphics engine for better application performance.
- In December 2022, Skyworks Solution launched the SKY66319-11, a highly efficient, wide instantaneous bandwidth possessing a fully input/output matched power amplifier (PA) with high gain and linearity. The compact 5 × 5 mm PA is designed for TDD 4G LTE and 5G systems operating from 4400 to 5000 MHz. The active biasing circuitry is integrated to compensate PA performance over temperature, voltage, and process variation
- In December 2022, Skyworks Solutions, Inc. introduced the highest efficiency portfolio of Wi-Fi front-end modules (FEMs) in the industry in collaboration with Broadcom, addressing the power, performance, and thermal requirements of Wi-Fi 6/6E-enabled devices in next-generation enterprise and internet of things (IoT) products.
- In November 2022, Qualcomm Technologies, Inc. partnered with Siemens to reimagine building automation by applying a 5G private network (PN) based on the Snapdragon X55 5G Modem-RF System in the Americas.
Frequently Asked Questions (FAQ):
Who are the top 5 players in the 5G Chipsets market?
The major vendors operating in the industry market are Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), SAMSUNG (South Korea), and Broadcom (US).
What are some of the technological advancements in the market?
Massive Multiple Input, Multiple Output (MIMO) is considered the key enabler for 5G wireless networks and implies techniques that increase cellular coverage and capacity using large numbers of antennas. Inside a mobile device, there are limits to fitting antennas, but 5G is designed to support massive MIMO, using up to 256 antenna elements in the base station. That sets the stage for intelligent beamforming and beam-tracking in spectrum bands under 6GHz. A Massive MIMO system significantly enhances the throughput of the system along with simplifying the signal processing required.
What are the factors driving the growth of the market?
Growing mobile data traffic and faster data rates.
What are their major strategies to strengthen their market presence?
The major strategies adopted by these players are product launches and contracts.
Which major countries are considered in the APAC region?
The report includes an analysis of China, Japan, South Korea, and the Rest of Asia Pacific.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involves four major activities for estimating the size of the 5G chipsets market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Bottom-up approaches have been used to estimate and validate the size of the 5G Chipsets market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for key insights.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as The Organization for Economic Co-operation and Development (OECD), Center for Security and Emerging Technology, The Japan External Trade Organization (JETRO), Semiconductor Industry Association, and SEMI have been used to identify and collect information for an extensive technical and commercial study of the 5G chipsets market.
Primary Research
Extensive primary research was conducted after understanding and analyzing the 5G chipsets market through secondary research. Several primary interviews were conducted with key opinion leaders from both the demand- and supply-side vendors across major regions—North America, Europe, APAC, and RoW. Approximately 30% of the primary interviews were conducted with the demand-side vendors and 70% with the supply-side vendors. This primary data was mainly collected through telephonic interviews/web conferences, which consist of 85% of total primary interviews, as well as questionnaires and e-mails.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The 5G Chipsets market consists of by type: Modems and RFICs. 5G chipsets is usually employed in the following end – uses; telecommunication, mobile devices, non–mobile devices, and automobile. Top-down and bottom-up approaches have been used to estimate and validate the size of the 5G chipsets market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for key insights.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained earlier, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.
Study Objectives:
- To describe and forecast the 5G Chipsets market, in terms of value, by type, process node, frequency, end – use.
- To describe and forecast the 5G Chipsets market, in terms of value, for four main regions – North America, Europe, APAC, and the Rest of the World.
- To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain of the 5G Chipsets market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the 5G Chipsets ecosystem
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, and provide a detailed competitive landscape of the market
- To analyze the competitive developments, such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research and development (R&D), in the 5G Chipsets market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report.
Company information:
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in 5G Chipsets Market