5G Chipsets Market - Global Forecast From 2024-2030

The global 5G chipsets market size is estimated to be USD 36.29 billion in 2023 and is projected to reach USD 81.03 billion by 2028 at a CAGR of 17.4%.

The growing demand for high-speed internet, the need for better network coverage, increased cellular and M2M IoT connections, growing adoption of 5G in automobiles, increase in mobile data traffic, rising demand for high-speed and low-latency 5G infrastructure, and widespread use of chipsets in consumer electronics is driving the market.

The major players in the 5G Chipsets market are Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), SAMSUNG (South Korea), and Broadcom (US) among others.  The other companies profiled in the report are Qorvo, Inc (US), Skyworks Solutions, Inc.  (US), Analog Devices, Inc. (US), Marvell (US), Anokiwave, Inc  (US), NXP Semiconductors (Netherlands), Xilinx (Acquired by AMD) (US), Texas Instruments Incorporated (US),  Murata Manufacturing Co., Ltd. (Japan), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), MACOM (US), u-blox (Switzerland), Sivers IMA (Sweden), Unisoc (Shanghai) Technologies Co., Ltd. (China), Arm Limited (UK), Cadence Design Systems, Inc. (US), Fibocom Wireless Inc. (China), Quectel (China), and OMMIC (France).

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High-speed internet connectivity has become one of the most essential entities in today’s digitally evolving workplaces, commuter hubs, and even homes. Next-generation technology demands beyond mobile internet and improvements in data speed. Demand for connectivity is expected to be driven by trends such as loT, autonomous cars, smart cities, AR/VR, ultrahigh-definition content, and industrial automation. R&D related to developing next-generation wireless broadband technologies is becoming more intense and widespread. With 3G having become entrenched as the mainstream wireless broadband technology and 4G rapidly expanding its prospects across applications, the industry focus has shifted toward developing 5G technology and solutions. 5G will enable a fully connected world with a highly heterogeneous wireless and fixed-access technology network.

Mobile devices end-use accounted for a more significant proportion of the 5G chipsets market in 2023

With the proliferation of data-intensive applications such as high-definition video streaming, augmented reality (AR), and virtual reality (VR), there is a growing demand for increased data capacity. 5G's higher bandwidth and data capacity make it well-suited to handle the requirements of these applications on mobile devices. 5G technology offers significantly faster data speeds and lower latency than previous generations. This translates into a vastly improved connectivity experience for mobile device users, enabling faster downloads, smoother streaming, and better overall performance.

The 5G chipset market is witnessing intense competition among semiconductor manufacturers to produce more efficient, compact, and cost-effective solutions. As technology continues to evolve, the market is expected to see innovations in 5G ICs that enable enhanced functionality and improved energy efficiency, paving the way for a new generation of 5G-enabled devices.

The 5G chipsets market for 24-39 GHz frequency accounted for the highest CAGR during the forecast period

24-39 GHz or mmWave frequency band can offer ultra-high-speed mobile broadband 5G service. This spectrum is likely to play a vital role in addressing the issue of mobile data traffic. This spectrum is a mixture of licensed and unlicensed spectrum. There is an increased demand for wireless data bandwidth; additionally, the mobile data experience for users is expanding and developing continuously. Thus, the cellular industry looks forward to this frequency spectrum being utilized in developing new 5G wireless technologies. mmWave frequencies suffer high propagation loss; however, the small form factor of mmWave antenna allows for dense packing of antenna arrays. The increasing number of antenna elements enhances coverage through tighter beams. mmWave-based network devices will likely be employed for short ranges (between 50 and 200 m).

5G chipsets market for 10-28 nm process nodes to account for the highest share of the market during the forecast period

5G chips with process nodes ranging from 10 to 28 nm primarily include baseband processors for 5G infrastructure and RFIC components. Snapdragon X55 5G modem, offered by Qualcomm, pairs with a single-chip 14 nm RF transceiver for 5G sub-6 GHz for smartphones and other 5G devices. Layerscape architecture, provided by NXP, a family of programmable 5G baseband processors, uses the IP of IQ- Analog Corp (US). It was prototyped in Global Foundries' 14 nm FinFET manufacturing process. mmWAVE 5G RF chips, an offering of Samsung Electronics, are produced by TSMC on 16 nm and 28 nm production lines. 22 nm ULP RF technology of TSMC integrates critical mmWave mobile communication devices, such as mmWave front-end modules, including switches, low-noise amplifiers (LNAs), and power amplifiers (PAs), onto a single chip. Further, ADRV9026, offered by Analog Devices, integrated with an RF transceiver for 5G TDD and FDD massive MIMO, macro-cell, and small-cell base stations, is built on 28 nm CMOS.