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5G chipset market projected to grow at a CAGR of 49.2%
According to the new market research report on 5G chipset, the 5G chipset market is expected to be worth USD 2.03 billion in 2020 and is likely to reach USD 22.41 billion by 2026, at a CAGR of 49.2% from 2020 to 2026. The growth of the 5G chipset market can be attributed to the growing demand for highspeed internet and broad network coverage with reduced latency and power consumption and increasing M2M/IoT connections. However, high hardware cost involved in terrestrial network densification is restraining the growth of the 5G chipset market.
Sub6 GHz to hold largest market share from 2020 to 2026
Sub6 GHz operational frequency is expected to account for the largest market share from 2020 to 2026. The wide availability of this frequency band and the ability to cater to multiple 5G use cases are likely to be the prime factors driving the adoption of this spectrum.
5G chipset market for automotive transportation to witness highest growth between 2020 and 2026
The 5G chipset market for the automotive transportation enduser industry is expected to grow at the highest CAGR during the forecast period. 5G can allow system and application developers to develop a wide range of applications; the major applications include vehicletovehicle V2V, vehicletoinfrastructure V2I, vehicletopedestrian V2P, and vehicletonetwork V2N. These applications of 5G would further help in the development of other applications, such as automated driving, digital logistics, and intelligent navigation.
5G chipset market in APAC to grow at highest CAGR
This report covers the 5G chipset market in North America, Europe, APAC, and RoW. High demand for advanced technologies such as connected cars, machinetomachine communication, and artificial intelligence will offer huge opportunities for the growth of the 5G chipset market in North America. The growth of ondemand video services and IoT will drive the growth of the market in APAC. Moreover, in APAC, the 5G chipset market has huge opportunities in smart cities. Various countries in Asia have either initialized the implementation of smart city projects or are in the planning phase. China is the biggest marketplace in APAC for the development of smart cities.
Breakdown of profiles of primary participants:
By Company Type: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25%
By Designation: CLevel Executives = 55%, Managers = 30%, and Others = 15%
By Region: North America = 45%, Europe = 25%, APAC = 20%, and RoW = 10%
Companies profiled in this report are Intel US, Xilinx US, Samsung Electronics South Korea, Qualcomm Technologies US, IBM US, Nokia Finland, Qorvo US, Infineon Technologies US, Integrated Device Technology US, Anokiwave US, Analog Devices US, Broadcom Singapore/US, Huawei Technologies China, Macom Technology Solutions US, and Cavium US. Some of the ecosystem companies profiled in the report are Ericsson Sweden, Fujitsu Japan, ZTE Corporation China, Hewlett Packard Enterprise US, and Korea Telecom South Korea.
The report describes the various types of chipsets associated with 5G and related developments across industry verticals and regions. It aims at estimating the size and growth potential of this market across segments such as IC type, operational frequency, product, enduser industry, and geography. Furthermore, the report includes an indepth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
Reasons to Buy the Report
The report includes the market statistics pertaining to various segments, along with their respective revenue.
The report details the major drivers, restraints, challenges, and opportunities pertaining to the 5G chipset market.
The report provides illustrative segmentation, analysis, and forecast for the 5G chipset market based on IC type, operational frequency, product, enduser industry, and geography to give an overall view of the 5G chipset market.
The report provides a detailed competitive landscape including key players and their ranking.
Original Article: 5G Chipset Market by IC Type RFIC, ASIC, Cellular IC, mmWave IC, Operational Frequency Sub6 GHz, Between 26 39 GHz, Above 39 GHz, Product Devices, CPE, Network Infrastructure Equipment, EndUser Industry, and Geography Global Forecast to 2026 [Report UpdNEXT ARTICLE
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