5G Chipsets Market Outlook, Statistics, Forecast 2028

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.

The 5G Chipsets market is projected to grow from USD 36.3 billion in 2023 to USD 81.0 billion by 2028; it is expected to grow at a CAGR of 17.4% from 2023 to 2028.

The cost of 5G-capable smartphone chipsets will probably be higher than the price of existing 4G chipsets.

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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.
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.