5G Chipset Market By Product (Network Infrastructure Equipment, Devices), By Frequency (Sub-6 GHZ, 26-39 GHZ), By Type (Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC)), By End-User (Energy And Utilities, Manufacturing), And Region for 2024-2031
Report ID: 7388|No. of Pages: 202
5G Chipset Market By Product (Network Infrastructure Equipment, Devices), By Frequency (Sub-6 GHZ, 26-39 GHZ), By Type (Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC)), By End-User (Energy And Utilities, Manufacturing), And Region for 2024-2031
5G Chipset Market Valuation – 2024-2031
The demand for 5G chipsets is rapidly increasing due to a variety of factors. The growth of 5G networks around the world is increasing the demand for compatible chipsets in a number of products. As more regions adopt 5G technology, there is an increase in demand for smartphones, tablets, laptops, and other devices that can benefit from 5G’s faster speeds and lower latency. The market size surpass USD 31.22 Billion valued in 2023 to reach a valuation of around USD 177.87 Billion by 2031.
Furthermore, new applications like augmented reality (AR), virtual reality (VR), and the Internet of Things (IoT) necessitate high-performance 5G chipsets to provide seamless experiences. These variables combine to drive up global demand for 5G chipsets. The rising demand for cost-effective and efficient 5G chipset is enabling the market grow at a CAGR of 26.80% from 2024 to 2031.
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5G Chipset Market: Definition/ Overview
A 5G chipset is a collection of integrated circuits designed to allow devices to connect and communicate via 5G networks, the most recent generation of mobile communication technology. It delivers the processing power and connectivity required for quicker data transfers, lower latency, and improved network efficiency. These chipsets are largely employed in smartphones, IoT devices, laptops, and industrial equipment, allowing them to benefit from the high-speed capabilities of 5G networks. They are crucial in enabling advanced applications such as real-time video streaming, augmented reality, self-driving cars, and smart cities.
The market for 5G chipsets is expanding, with increased demand for faster internet, rising data consumption, and growing penetration of IoT devices. As industries like healthcare, automotive, and manufacturing rely more on automation and real-time data, 5G chipsets will become critical to ensuring smooth, reliable operations. As technologies such as AI, edge computing, and virtual reality evolve, 5G chipsets will become increasingly important in supporting next-generation digital experiences and the global evolution of smart infrastructure.
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Will the Increasing Smartphone Adoption and 5G Network Rollout Drive the 5G Chipset Market?
The 5G Chipset Market is being driven by increased smartphone penetration and the development of 5G networks. The increased need for faster connectivity and better mobile experiences is driving consumers to switch to 5G-enabled handsets, which require powerful 5G chipsets. According to the Ericsson Mobility Report (November 2023), 5G subscriptions are predicted to reach 1.5 billion by the end of 2023 and increase to 5.3 billion by 2029, accounting for 68% of all mobile subscriptions. This spike in 5G adoption raises the demand for chipsets capable of supporting these networks, boosting innovation and production in the 5G Chipset Market to fulfill the needs of both consumers and sectors that rely on high-speed, low-latency connections.
The expansion of Internet of Things (IoT) devices is a significant driver of the 5G Chipset Market. The growing expansion of IoT devices that require fast, low-latency communication is driving up demand for 5G chipsets. According to an International Data Corporation (IDC) report from 2023, by 2025, there will be 41.6 billion linked IoT devices, generating 79.4 zettabytes of data. This tremendous development is likely to drive up demand for 5G chipsets, which are essential for providing the improved connection required to enable these devices across multiple industries.
Will the Competition from Alternative Technologies Hamper the Growth of the 5G Chipset Market?
Competition from alternative technologies may stymie the growth of the 5G Chipset Market. Technologies like Wi-Fi 6, Low-Power Wide-Area Networks (LPWAN), and satellite internet provide high-speed connectivity and are increasingly being used for specific applications, minimizing reliance on 5G networks. These alternatives have the potential to impact the 5G Chipset Market by providing cost-effective and specialized solutions for businesses that do not require all of 5G’s capabilities, hence delaying demand for 5G chipsets in certain segments. Despite competition, 5G remains the leading technology for high-speed, low-latency applications, resulting in ongoing growth.
High costs may impede the expansion of the 5G Chipset Market. The research, production, and deployment of 5G chipsets need advanced technology and significant expenditure, making them pricey. This can increase the cost of 5G-enabled devices, thereby limiting adoption, particularly in price-sensitive areas. Despite these prices, demand for 5G chipsets continues to be driven by the growing need for faster connectivity, as well as the expanding use of technologies such as IoT and autonomous systems, which require 5G’s high-speed, low-latency capability.
Category-Wise Acumens
Will the Increasing Infrastructure in the Network Infrastructure Equipment Segment Boost the 5G Chipset Market?
The Network Infrastructure Equipment segment is currently dominating the 5G Chipset Market. Increased investment in network infrastructure equipment will propel the 5G Chipset Market. As telecom operators and governments construct 5G networks internationally, there is an increasing demand for advanced infrastructure such as base stations, small cells, and fiber-optic networks, all of which require 5G chipsets to function properly. This infrastructure growth is critical for meeting the high-speed, low-latency expectations of 5G technology, which drives demand for 5G chipsets. The increasing deployment of 5G networks in both urban and rural areas accelerates this trend, offering new potential prospects for the 5G Chipset Market.
The core of 5G networks, which includes base stations, antennas, and other components, is critical to propelling the 5G Chipset Market. These components comprise the backbone of 5G infrastructure, allowing for high-speed, low-latency connectivity across large networks. As telecom companies extend and upgrade their infrastructure to enable 5G, there is an increasing need for powerful 5G chipsets to power these systems. This network infrastructure equipment is critical for maintaining efficient data transmission and supporting an expanding number of 5G devices, which drives the demand for 5G chipsets as 5G networks expand internationally.
Will the Mass Market Adoption Fuel the Consumer Electronics Segment 5G Chipset Market?
The consumer electronics segment is currently experiencing the fastest growth in the 5G Chipset Market. The consumer electronics segment of the 5G Chipset Market will experience significant growth due to widespread market adoption. As more people use 5G-enabled products such smartphones, tablets, and wearables, the demand for 5G chipsets will rise to suit their connectivity requirements. The broad availability of 5G networks increases the attraction of these devices, allowing for higher download rates and improved performance, which in turn raises user interest. As costs for 5G-enabled devices fall and more cheap alternatives become available, mass adoption will accelerate, driving up demand for 5G chipsets in the consumer electronics market.
The rapid pace of technological improvements in consumer electronics will assure a consistent need for 5G chipsets in this area. As manufacturers continue to develop to add new features and increase performance, the incorporation of 5G capabilities becomes increasingly important for enabling quicker connectivity and better user experiences. This need for cutting-edge technology drives people to upgrade their gadgets, creating demand for 5G chipsets. The growing popularity of smart devices and IoT applications increases the need for high-speed connectivity, strengthening the market’s continued need for 5G chipsets.
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Country/Region-wise Acumens
Will the Rapid Infrastructure Development Accelerate the Asian Pacific Region for the 5G chipsets Drive the Consumer Electronics Segment 5G Chipset Market?
The Asia-Pacific region is currently dominating the 5G Chipset Market. Rapid infrastructure expansion in Asia-Pacific will fuel demand for 5G chipsets in the consumer electronics market. As governments invest extensively in extending 5G network capabilities, the expected growth in 5G connections—estimated to be 1.14 billion by 2025—creates a significant need for advanced chipsets. With telecom operators anticipated to invest over USD 331 Billion in 5G infrastructure by 2025, and China deploying over 2.3 million 5G base stations by the end of 2023, this robust infrastructure is critical for supporting a diverse variety of consumer electronics. The end result is a robust ecosystem that improves the performance and appeal of 5G-enabled devices, boosting consumer adoption and raising demand for 5G chipsets.
The robust manufacturing base in Asia-Pacific will increase demand for 5G chipsets in the consumer electronics market. The region’s supremacy in semiconductor fabrication, which accounts for 62% of globally semiconductor sales in 2023 and is expected to increase to 68% by 2030, greatly improves 5G chip production capacity. The semiconductor market is predicted to increase at an 8.9% CAGR from 2023 to 2028, reaching USD 418 Billion, fueled by rising demand for 5G technologies. For instance, TSMC’s announcement that 5G-related goods accounted for 25% of its overall wafer revenue in Q4 2023 emphasizes the vital role that this manufacturing ecosystem plays in supporting consumer electronics, positioning the Asia-Pacific region as a significant driver in the worldwide 5G chip sector.
Will the Increasing Digitalization Expand the Middle East & Africa Region 5G Chipset Market?
the Middle East & Africa is emerging as the fastest-growing region for the 5G chipsets market. The Middle East and Africa’s 5G Chipset Market will be driven by increased digitization. The aggressive government measures targeted at digital transformation are dramatically increasing demand for 5G technology, with forecasts predicting that 5G connections will reach 50 million by 2025 and rise to 222 million in 2030. In the GCC countries, 5G is estimated to account for 41% of total connections by 2025, while Sub-Saharan Africa is likely to experience a rise from 7 million to 150 million 5G subscriptions by 2028. This rapid digitalization is encouraging telecom providers to invest almost $85 billion in network upgrades by 2030, with a primary focus on 5G deployment.
Government incentives will propel the 5G Chipset Market in the Middle East and Africa. These activities are critical for expediting 5G deployment, with Saudi Arabia aiming to build over 60,000 5G base stations by 2025 and the UAE achieving 97% 5G coverage in populous areas by the end of 2023. In Africa, the Nigerian Communications Commission expects to achieve 50% 5G coverage in metropolitan areas by 2025, with plans to award further 5G licenses. According to the GSMA Intelligence research, mobile operators will invest around $85 billion in network infrastructure between 2022 and 2025, mostly to support 5G technologies.
Competitive Landscape
The 5G Chipset Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the 5G Chipset Market include:
Intel, Huawei Technologies, Qualcomm Technologies, Anokiwave, Infineon Technologies, Integrated Device Technology, Xilinx, Nokia, Samsung Electronics, IBM.
Latest Developments
- In April 2024, Qualcomm and MediaTek will launch sophisticated 5 G chipsets for mobile phones. The phones will be available in August 2024 for between $10,000 and $11,000.
- In March 2024, At the Mobile World Congress MediaTek revealed that it would be collaborating with every Android phone brand on over 15 different designs.
- In July 2023, Ericsson announced a strategic collaboration with Intel to develop a system-on-chip (SoC) developed exclusively for the vendor’s 5G offering, a move the duo claims will result in highly distinctive products for future infrastructure.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2018-2031 |
| Growth Rate | CAGR of ~26.80% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Region Covered |
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| Key Players |
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| Customization | Report customization along with purchase available upon request |
5G Chipset Market, By Category
Product:
- Network Infrastructure Equipment
- Customer Premises Equipment (CPE)
- Devices
Frequency:
- Sub-6 GHZ
- 26-39 GHZ
- Above 39 GHz
Type:
- Radio Frequency Integrated Circuit (RFIC)
- Application-Specific Integrated Circuit (ASIC)
- Cellular Integrated Circuit (Cellular IC)
- Millimeter Wave Integrated Circuit (mm-Wave IC)
End-User:
- Energy and Utilities
- Manufacturing
- IT and Telecommunication
- Media and Entertainment
- Transportation and Logistics
- Consumer Electronics
- Healthcare
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL 5G CHIPSET MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL 5G CHIPSET MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL 5G CHIPSET MARKET, BY PRODUCT
5.1 Overview
5.2 Network Infrastructure Equipment
5.3 Customer Premises Equipment (CPE)
5.4 Devices
6 GLOBAL 5G CHIPSET MARKET, BY FREQUENCY
6.1 Overview
6.2 Sub-6 GHZ
6.3 26-39 GHZ
6.4 Above 39 GHz
7 GLOBAL 5G CHIPSET MARKET, BY TYPE
7.1 Overview
7.2 Radio Frequency Integrated Circuit (RFIC)
7.3 Application-Specific Integrated Circuit (ASIC)
7.4 Cellular Integrated Circuit (Cellular IC)
7.5 Millimeter Wave Integrated Circuit (mm-Wave IC)
8 GLOBAL 5G CHIPSET MARKET, BY END-USER
8.1 Overview
8.2 Energy and Utilities
8.3 Manufacturing
8.4 IT and Telecommunication
8.5 Media and Entertainment
8.6 Transportation and Logistics
8.7 Consumer Electronics
8.8 Healthcare
9 GLOBAL 5G CHIPSET MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa
10 GLOBAL 5G CHIPSET MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1 Intel
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Huawei Technologies
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Qualcomm Technologies
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Anokiwave
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Infineon Technologies
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Integrated Device Technology
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Xilinx
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Nokia
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Samsung Electronics
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 IBM
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12 KEY DEVELOPMENTS
12.1 Product Launches/Developments
12.2 Mergers and Acquisitions
12.3 Business Expansions
12.4 Partnerships and Collaborations
13 Appendix
13.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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