The 5G chipset market is
estimated to be valued at USD 2.03 Billion in 2020 and is expected to be worth
USD 22.41 Billion by 2026, at a CAGR of 49.2% from 2020 to 2026. Increasing
M2M/IoT connections are fueling the growth of the 5G chipset market. Increasing
demand for mobile data services and high demand anticipated from 5G-enabled
smartphones are the other key factors driving this market.
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ASIC to hold largest market share from 2020 to 2026
ASIC
is expected to hold the largest share of the 5G chipset market from 2020 to
2026. Demand for 5G-enabled smartphones is expected to result in the largest
share of ASIC in the 5G chipset market. Many companies are in the process of
developing ASIC chipsets to emerge as early providers and showcase commercial
readiness for 5G. ASIC chipsets are mainly used in applications such as
consumer electronics, autonomous cars, and industrial automation.
5G
chipset market for mmWave frequency band to grow at highest CAGR from 2020 to
2026
The
5G chipset market for mmWave frequency band (between 26 and 39 GHz) is expected
to grow at the highest CAGR during the forecast period. High bandwidth offered
by this spectrum and the improving participation of telecom service providers
in this spectrum are fueling the growth of this frequency band. This spectrum
is a mixture of licensed and unlicensed spectrum. A world radiocommunication
conference (WRC) to be held in 2019 holds the key to realizing the full
potential of 5G bands above 24 GHz.
Consumer
electronics to account for largest market size between 2020 and 2026
The
5G chipset market is expected to be led by the consumer electronics end-user
industry. This can be attributed to the proliferation of 5G-enabled consumer
electronic devices in the market. After the commercialization of 5G network
connectivity, it is expected that there will be high demand for 5G-enabled
smartphones with high-speed internet connectivity. Hence, the consumer
electronics industry is estimated to hold the largest share of the 5G chipset
market in 2020.
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North
America to lead 5G chipset market in terms of market size
North
America is estimated to account for the largest share of the 5G chipset market
in 2020. High demand for advanced technologies such as connected cars,
machine-to-machine communication, and artificial intelligence will offer huge
opportunities for the growth of the 5G chipset market in North America.
Additionally, North America has emerged as a prominent region in terms of the
development, testing, adoption, and implementation of 5G network services and
applications.
Companies
that are profiled in this report are Intel (US), Xilinx (US), Samsung
Electronics (South Korea), Qualcomm Technologies (US), IBM (US), Nokia
(Finland), Qorvo (US), Infineon Technologies (US), Integrated Device Technology
(US), and Anokiwave (US).
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