The 5G chipset market is expected to grow from USD 12.8 billion in 2020 to USD 67.2 billion by 2027, at a CAGR of 26.7%. The major factors driving the growth of the 5G chipset market are the growing demand for high-speed internet and broad network coverage, increasing cellular IoT connections, and an increase in mobile data traffic. However, the high cost of the 5G chipset is expected to restrain the growth of the market.
Based on type, RFIC which includes RF transceiver and RF FE
segment is attributed to hold a large share of the market in coming years. The
mobiles devices and telecommunication infrastructure segments are expected to
be the major contributors to the growth of the RFIC market. The increasing
number of RF transceiver ICs in smartphones is the key factor expected to drive
the growth of the 5G chipset market for RFIC. The deployment of mmWave ICs in
5G infrastructure equipment and the high bandwidth offered by mmWave technology
are expected to support the market growth.
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Based on the process node,10 to 28 nm is projected to witness the
highest growth in the coming years in the 5G chipset market. Advancements in
the fabrication process are supporting the improvements in ICs, which has made
electronic devices smaller and more power optimized. The 5G chipset market by
process node has been segmented into less than 10 nm, 10–28 nm, and above 28
nm. Some of the major process nodes on which 5G chipset components such as
modems and RFICs are manufactured include 5 nm, 7 nm, 10 nm, 14 nm, 28 nm, 45
nm, 60 nm, and so on. 5G chipsets with process node between 10 and 28 nm mostly
include baseband processors for 5G infrastructure and RFIC components.
Based on frequency, the market for Sub-6 GHz is attributed to hold
the largest market size in coming years.5G devices operating in the Sub-6 GHz
spectrum band are likely to play an important role in delivering widespread
coverage and supporting multiple use cases. Companies such as Huawei and ZTE do
90% of their work in sub-6 GHz. Sub-1 GHz frequency support 5G services in
urban, suburban, and rural areas and may find its role in IoT services. This
spectrum is likely to help 5G services reach hard-to-reach and populated public
areas. Spectrum from 1 to 6 GHz is used for coverage and capacity applications
of 5G.
Based on end use, the automotive segmentis likely to grow at the
highest CAGR during the forecast period.5G is expected to play a crucial role
in the transformation of the automotive industry through the development of new
applications that are difficult to develop with the current generation of
cellular technologies. 5G can allow system and application developers to
develop a wide range of applications; the major applications include
vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I),
vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N). These applications
of 5G would further help in the development of other applications, such as
automated driving, digital logistics, and intelligent navigation.
The COVID-19 outbreak will certainly delay 5G rollout, thereby
affecting every stakeholder in the supply chain. The immediate impact on
component manufacturers is low to moderate as semiconductor chips, and other
components are mass-produced. Semiconductor manufacturers have enough
inventories most of the time to compensate for any unforeseeable circumstances.
Also, the impact on semiconductor component production is not severe as
semiconductor ICs are manufactured in foundries that are highly automated and
involve low labor-intensive tasks.
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