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5G Chipset Market earned USD 15.2 billion and projected to reach USD 83.3 million in 2029, exhibiting at a CAGR of 23.7% till 2029 | Size & Forecast Analysis

5G Chipset Market size was estimated at USD 15.2 billion and is expected to reach USD 83.3 million by 2029, expanding at a CAGR of 23.7% over the forecast period (2022-2029) attributed to increasing demand for high-speed internet services.

Key 5G Chipset Market Drivers

Global 5G chipset market is majorly driven by surge in the demand for high-speed internet services, growth in mobile traffic and growing need for smart technologies. Mobile technology has spread rapidly, as a result smartphone ownership rates have grown exponentially. Increasing smartphone userbase along and improvements in the performance of networks, are the major factors, which are boosting the mobile data traffic. According to our research, on an average, monthly usage of smartphones worldwide is estimated to be 19 GB for 2023, as the smartphone ownerships are increasing, this figure will double in coming few years and majority of mobile data traffic is expected to shift towards 5G. Moreover, market dynamics in telecommunication industry are changing rapidly, as consumers preferring to use 5G. Thus, various companies in the vertical are increasingly deploying 5G networks as 5G technology offers lower latency and consumes less power as compared to traditional 3G and 4G network, which is propelling 5g chipset market share in the overall 5G Market.

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Concept of autonomous cars has become a reality. Many organizations in Automotive industry are aggressively investing in research and development activities to develop driver-less cars. As these cars and other intelligent transportation systems will require low-latency to operate, application of 5G technology is expected to increase, which will create lucrative opportunities for 5g chipset market. Increasing adoption of M2M technologies for improved connectivity and strategic partnerships and collaborations between organizations, are supplementing the market growth. For instance, Nokia, a leading telecommunications and information technology company based out of Finland, entered into a contract with three Chinese operators to develop high-speed network infrastructure in China. However, major 5g chip makers are facing difficulties in designing RF devices, which is restricting the market growth.

 RFIC segment is forecast to dominate the market.

RFICs are increasingly used the manufacturing of consumer electronic devices and radio access products. Top 5g chip makers across United States such as Qualcomm Technologies, Inc., and Analog Devices, Inc., are developing RFICs for 5G communication.

Based on End-use, Automobile segment is projected to grow at fastest CAGR.

Application of 5G is expected to increase primarily in vehicle-to-infrastructure (V2I), and vehicle-to-vehicle (V2V). Moreover, 5G will create more business models and services, which involves the usage of self-driving cars and AI platforms. While the usage of 5G chipsets in telecommunication industry will increase in future as major telecom organizations have started developing 5G chipsets for broadband gateway devices.

Based on Region, North American region is expected to hold the largest 5G chipset market share.

5G chipsets are gaining traction in North American region as consumers are increasingly adopting advanced technologies coupled with increasing research and development activities by leading 5G chip makers. While major companies in Asia-Pacific region are investing to develop 5G-enabled smartphones, which will increase demand for 5g chipset in forthcoming years.

Top 5G Chip Makers

Some of the leading players operating in the 5G chip market includes Huawei Technologies Co., Ltd., MediaTek Inc., Marvell, Qualcomm Technologies, Inc., Analog Devices, Inc., Qorvo, Inc., Skyworks Solutions, Inc., SAMSUNG, Anokiwave, and NXP Semiconductors, among others.

Key Developments:

  • In October 2022, Media Tek, a leading semiconductor based out of Taiwan introduced Dimensity 1080 chipset for 5G smartphones, comes with latest camera features.
  • In September 2022, Qualcomm launched new mobile chipsets Snapdragon 6 Gen 1 and Snapdragon 4 Gen 1, to enter the mid-range smartphone market of developing countries such as India.

Market Segmentation

Global 5G Chipset Market by Type
• Modem

Global 5G Chipset Market by End Use
• Telecommunication
• Mobile Devices
• Non-Mobile Devices
• Automobile

Global 5G Chipset Market by Frequency
• Sub-6 GHZ
• 24-39 GHZ
• Above 39 GHZ

Global 5G Chipset Market by Process Node
• Less than 10 NM
• 10-28 NM
• Above 28 nm

Global 5G Chipset Market by Region
• North America 5G Chipset Market (Option 1: As a part of the free 25% customization)
• By Type
• By End Use
• By Frequency
• By Process Node
• US Market All-Up
• Canada Market All-Up
• Europe 5G Chipset Market (Option 2: As a part of the free 25% customization)
• By Type
• By End Use
• By Frequency
• By Process Node
• UK Market All-Up
• Germany Market All-Up
• France Market All-Up
• Spain Market All-Up
• Rest of Europe Market All-Up
• Asia-Pacific 5G Chipset Market (Option 3: As a part of the free 25% customization)
• By Type
• By End Use
• By Frequency
• By Process Node
• China Market All-Up
• India Market All-Up
• Japan Market All-Up
• Rest of APAC Market All-Up
• RoW 5G Chipset Market (Option 4: As a part of the free 25% customization)
• By Type
• By End Use
• By Frequency
• By Process Node
• Brazil Market All-Up
• South Africa Market All-Up
• Saudi Arabia Market All-Up
• UAE Market All-Up
• Rest of world (remaining countries of the LAMEA region) Market All-Up

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Contact Information:

Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website:

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