5G Chipset Market Research Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

5G Chipset Market Size Research Report – In a Glance

As per the Research report on global 5G Chipset Market, the market is projected to foresee a CAGR of 20.6% between 2024-2033, and further generate a market size of USD 135.7 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 40.2 billion revenue.

• The global 5G Chipset market is projected to grow on account of expanded demand for faster internet.
• In Japan, the increasing government intervention to establish 5G connections can be attributed to the increased innovation in the 5G Chipset market.
• KDMI analyst’s growth analysis foresees high cost of 5G chips for mobile devices to challenge the market growth.
• North America, having the highest market share in the 5G Chipset Market, is projected to dominate the global market.

5G Chipset Market Analysis

The 5G chipset is an assembly of incorporated circuits articulated to enable devices to connect and communicate with the help of 5G networks, the latest generation of mobile communication technology. It distributes the processing connectivity and power needed for rapid information transfers, enhanced network efficiency and lower latency. These chipsets are used extensively in IoT devices, industrial equipment, smartphones, and industrial equipment. In eMBB scenarios, 5G must assist a topmost rate of around 10 to 20 least Gbit/s and traffic compactness of around 10 Mbit/s per square meter. In mMTC scenarios, 5G must assist a connection density of around 1 million connections per square kilometre. The 5G improved enhanced mobile broadband rises considerably when customers understand its significance. According to a Research conducted by Nokia, 80% of consumers are familiar with 5G and find it attractive compared to only 23% of consumers who are not familiar with it. About 50% of the respondents from the Research are likely to switch to other providers of 5G if their providers fail to offer it. The ones likely to make the switch are video streamers, remote workers, and home monitors, who are highly involved users who make considerable use of 5G capabilities. The increasing demand for 5G predicts the growth of 5G chipset market size. Intel, Huawei Technologies, and Qualcomm Technologies are significant manufacturers in the global market for 5G Chipsets.

Analyst’s Observation on Japan 5G Chipset Market Research

The trend of smartphone sales in Japan is rising, significantly with Apple ruling the market, having around 50% of the market share. Japan has been considered a leader in 5G network applications, and about 96.6% of the Japanese population has 5G coverage as of March 2023. In 5 years, the 4 Japanese mobile carriers will invest more than USD 14 billion in capital expenses to construct their 5G networks. This involves spending on servers, base stations and fiber optics. The 5G establishment is a high priority for the Japanese administration, and the Ministry of Internal Affairs and Communications is the leading agency on 5G. The four organizations that have submitted plans to MIC for the advancement of 5G networks are NTT, DOCOMO, KDDI au, and Soft Bank has been approved on conditions such as emphasizing the requirements of both rural and urban areas, maintaining sufficient and appropriate optical fibers to offer 5G service and taking adequate cybersecurity measures, involving measures against supply chain risks.  The increasing government intervention to establish a 5G connection in the region bodes well for the growth of the Japanese 5G chipset market size. Murata Manufacturing Co., Ltd. and Renesas Electronics Corporation are some of the significant manufacturers in the Japanese 5G Chipset market.

5G Chipset Market Growth Driver

• Expansion of IoT devices:

The expansion of IoT devices is one of the significant growth drivers of the 5G chipset market, as it requires a 5G connection. The technology of 5G is not limited to only speed, it delivers ultra-low dormancy, higher volume and network-sharing capacities. These characteristics make 5G for IoT specifically promising, allowing unified connectivity and real-time information processing for countless connected devices. IoT analytics anticipates the 5G IoT connections to increase at a CAGR of 59% from 2024 to 2030 to reach around 800 million connections. Comparatively, the complete cellular IoT connectivity market is anticipated to expand at a CAGR of 15% from 2024 to 2030. One of the most influential impacts of 5G for IoT is an increase in the proportion of devices that are easily connected to the network. This sharp connectivity eases real-time communication and information exchange among all linked devices.

Market Restraint and Challenges

• Design challenges for RF devices

5G technology functions at higher frequency bands compared to past generations, using millimeter wave frequencies. The design constraint takes place because higher frequency offers exceptional features and technical challenges that demand cautious consideration in RF device design. Higher frequency signals like those in the mmWave spectrum have petite wavelength. This results in constraints about signal range and propagation.

5G Chipset Market Segmentation

Our experts at KD Market Insights have segmented the global 5G Chipset Market research report as:

5G Chipset Market Regional Synopsis

North America dominates the 5G Chipset due to the application of 5G networks in increasingly advanced technologies such as augmented reality, virtual reality and autonomous vehicles, all of these depend on high bandwidth and low latency. Since the introduction of 5G in 2018, 3 nationwide channels across the United States cover around 330 million Americans. The wireless sector spends billions every year to construct, upgrade and maintain its channels. Wireless carriers have spent USD 705 billion to date, and USD 190 billion of that investment has been invested since its launch in 2018. 5G in the United States is being utilized in the education sector and is helping students and teachers to be ahead of the curve and offer chances to learn with the help of immersive applications such as augmented reality and virtual reality.

The Asia Pacific is expected to grow the fastest due to the increased demand for smart manufacturing in developed regions such as China and developing regions such as India. According to the Ministry of Industry and Information Technology, China has constructed over 10,000 digital workshops and smart factories to become the world’s largest intelligent manufacturing application market. In 2022, the total worth of supporting sectors such as industrial software, system solutions and manufacturing equipment in the region surpassed USD 559 billion, and the application of 5G technologies was used in around 2000 factories.

Regional Company Names

• Qorvo, Inc
• Skyworks Solutions, Inc. 
• Analog Devices, Inc. 
• Marvell
• Anokiwave, Inc

5G Chipset Market Competitive Landscape

Some of the key players who top the global 5G Chipset Market share:

All Company Names:

• Intel
• Huawei Technologies, Inc
• Qualcomm Technologies, Inc
• Unisoc Communications Inc.
• Infineon Technologies
• Integrated Device Technology
• Xilinx
• Nokia
• Samsung Electronics
• IBM
• Others

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global 5G Chipset Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product
      2. By Type
      3. By Frequency
      4. By End-User
      5. By Region
5. Market Segmentation by Product
   1. Network Infrastructure Equipment
   2. Devices
   3. Others
6. Market Segmentation by Type
   1. Sub-6 GHZ
   2. 26-39 GHZ
   3. Others
7. Market Segmentation by Frequency
   1. Radio Frequency Integrated Circuit (RFIC)
   2. Application-Specific Integrated Circuit (ASIC)
   3. Others
8. Market Segmentation by End-User
   1. Energy
   2. Utilities
   3. Manufacturing
   4. Others
9. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User 
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Product, Type, Frequency and End-User  
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Type, Frequency and End-User  
10. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. Intel
       2. Huawei Technologies
       3. Qualcomm Technologies
       4. Anokiwave
       5. Infineon Technologies
       6. Integrated Device Technology
       7. Xilinx
       8. Nokia
       9. Samsung Electronics
       10. IBM
       11. Others
11. Strategic Recommendations
12. Appendix
    1. List of Tables
    2. List of Figures
13. References