A 5G Chipset, also known as data flow management system, which is a type of electronic components used in manufacturing of integrated circuit. A 5G chipset is a vital element of 5G devices, such as 5G-enabled Smartphone, laptops, routers, and telecom base stations. Since the chipset is involved in managing the information flow that passes via a computer for the proper functioning of the computer. This 5G chipset module allows the users of these devices to enjoy an enhanced experience, as well as provide a great access the next-generation networks.
According to the report analysis,’ Global 5G Chipset Market to reach USD 34.4 billion by 2027’ Key players are adopting various strategies, including new product development and strategic collaborations, to strengthen their foothold in the market for 5G chipset. Some of the key players in the 5G chipset market are Qualcomm Technologies, Intel Corporation, Nokia Corporation, Samsung Electronics Co., Ltd., Xilinx, Inc., IBM Corporation, Qorvo, Inc., Infineon Technologies AG, Integrated Device Technology, Inc. and Anokiwave Inc. Increasing number of internet users across the globe, growing machine-to-machine/IoT connection, and increasing penetration of Smartphone & laptops are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to the International Telecommunication Union (ITU), about 3.19 billion of internet users were recorded in 2015 which was increased to around 3.74 billion internet users in 2017. Similarly, as per the Statista, there were about 457.4 million number of internet users in India were recorded in 2017 that is projected to reach almost 666.4 million numbers of users by 2023. This, in turn, is expected to augment the adoption & utility for 5G chipsets all over the world.
The regional analysis of global 5G Chipset market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the presence of significant number of internet users, followed by the higher adoption rate of Smartphone in the countries, especially in China and India. Factors such as rise in investments in evolving 5G-enabled smart phones and base stations backing 5G New Radio (NR) frequencies would create lucrative growth prospects for the 5G Chipset market across Asia-Pacific region.
In addition, the detailed segments and sub-segment of the market are explained as follows By IC Type segmented into Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC) and Millimetre Wave Integrated Circuit (mm Wave IC). By Operational Frequency segmented into Sub-6 GHz, Between 26 and 39 GHz and Above 39 GHz. By Product segmented into Devices, Customer Premises Equipment (CPE) and Network Infrastructure Equipment. By End-User segmented into Automotive & Transportation, Healthcare, Energy & Utilities, Retail, Consumer Electronics and Others.
Moreover, the growing demand for high-speed data networks with a latency of less than 1ms to ensure seamless connectivity for mission-critical applications, such as Machine-to-Machine (M2M) communication, is expected to propel market growth over the forecast period. Additionally, the continued emphasis on developing new and innovative chipset modules for telecom base stations to reduce the overall size and power consumption is expected to open new opportunities in the market for 5G chipset over the forecast period. Therefore, it is expected that the market of Global 5G Chipset Market will boost up throughout the forecast amount.
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Global 5G Chipset Market Research Report
Related Report:-
Global 5G Chipset Market 2020 by Company, Regions, Type and Application, Forecast to 2025
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