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Redding, California - September 15, 2020

5G Chipset Market Worth $23.5 Billion by 2027

5G Chipset Market by Application, by Chipset Type, by Frequency, by Processing Node, by Deployment Type, by Vertical, and Geography – Global Forecast to 2027

Meticulous Research® – leading global market research company, published a research report titled “5G Chipset Market by Application, by Chipset Type, by Frequency, by Processing Node, by Deployment Type, by Vertical, and Geography – Global Forecast to 2027”.

According to this latest publication from Meticulous Research, the global 5G chipsets market is projected to reach a value of $23.5 billion by 2027, growing at a CAGR of 52.7% during the forecast period. The growing demand for high-speed data services, rapidly developing smartphone technology, and the proliferation of IoT & connected devices are the major factors driving the growth of this market. However, the high cost of equipment, the fragmented spectrum harmonization model, and rising cybersecurity concerns are expected to restrict the growth of this market to some extent.

The global 5G chipsets market study presents historical market data in terms of value (2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on application (automotive & transportation, smart factories, smart cities, gaming & entertainment, and smart retail), chipset type (application-specific integrated circuits, radio frequency integrated circuits, millimeter wave technology chips, and field-programmable gate arrays), frequency (below 1Ghz, sub 6Ghz, and above 24Ghz), processing node (7nm, 8nm, 10nm, and others), deployment type (smart devices, network infrastructure equipment, customer premises equipment, and others), vertical (automotive, public transportation, energy & utilities, telecom & it, industrial automation, consumer electronics, security & surveillance, retail, public infrastructure, and others). The study also evaluates industry competitors and analyses the market at the country-level.

Based on application, the 5G chipsets market is segmented into automotive & transportation, smart factories, smart cities, gaming & entertainment, and smart retail. In 2020, the smart cities segment is expected to command the largest share of the overall 5G chipsets market. The large share of this segment is mainly attributed to the high applicability of 5G technology in solving key smart city issues and requirements, such as infrastructure and real estate management, prompt access to services, efficient transportation and logistics, public security and surveillance, efficient utility management, intelligent mobility, environment and pollution monitoring, and smart lighting solutions.

Based on chipset type, the 5G chipsets market is segmented into application-specific integrated circuits, radio frequency integrated circuits, millimeter wave technology chips, and field-programmable gate arrays. In 2020, the application-specific integrated circuits segment is projected to command the largest share of the overall 5G chipsets market. The large share of this segment is mainly attributed to the low cost of manufacturing for high volume production, higher efficiency, and better performance than other ICs, and higher adoption by cellular network providers for cost-saving.

Based on frequency, the 5G chipsets market is segmented into below 1Ghz, sub 6Ghz, and above 24Ghz. In 2020, the sub 6Ghz segment is expected to command the largest share of the market. It is primarily attributed to its ability to provide widespread coverage in densely populated areas of cities and flexible deployment of ubiquitous 5G network coverage. Further, sub 6Ghz frequencies can penetrate through walls and travel farther distance due to which they are suitable for use in rural and urban areas. However, the above 24Ghz frequency segment is projected to grow at the highest CAGR during the forecast period.

Based on vertical, the 5G chipsets market is segmented into automotive, public transportation, energy & utilities, telecom & IT, industrial automation, consumer electronics, security & surveillance, retail, public infrastructure, and others. In 2020, the consumer electronics segment commanded the largest share of the market. The large share of this segment is primarily attributed to the increased adoption of e-health, wellness apps, e-learning, public sector data access, & similar digital utility services; increasing frequency of video calling & video conferencing services due to COVID-19; and growing mobile subscription with 5G connectivity.

This research report analyzes major geographies and provides a comprehensive analysis for North America (U.S. and Canada), Europe (France, Germany, Spain, Italy, U.K., and Rest of Europe), Asia-Pacific (China, India, Japan, and RoAPAC), Latin America, and the Middle East & Africa. In 2020, Asia-Pacific is expected to account for the largest share of the 5G chipsets market, followed by North America and Europe. The large share of the APAC region is mainly attributed to the presence of major technology players manufacturing 5G chipsets, higher consumption due to high population, and higher adoption & proliferation of technology.

The key players operating in the global 5G chipsets market are Broadcom Inc. (U.S.), Qualcomm Inc. (U.S.), MediaTek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co. Ltd. (South Korea), ZTE Corporation (China), Qorvo Inc. (U.S.), Infenion Technologies (Germany), Fujitsu Ltd.(Japan), Macom technology solutions (U.S.), Unisoc Communications Inc. (China), Xilinx Inc. (U.S.), Huawei Technologies Co. Ltd. (China), and NXP Semiconductor N.V. (Netherlands).

Download Free Sample Report @ https://www.meticulousresearch.com/download-sample-report/cp_id=5124

Key questions answered in the report-

Which are the high growth market segments in terms of application/chipset type/frequency/ processing node/ deployment/vertical/region?
What was the historical market for 5G chipsets across the globe?
What are the market forecasts and estimates for the period 2020–2027?
What are the major drivers, restraints, and opportunities in the global 5G chipsets market?
Who are the major players in the 5G chipsets market?
How is the competitive landscape and who are the market leaders in the global 5G chipsets market?
What are the recent developments in the global 5G chipsets market?
What are the different strategies adopted by the major players in the global 5G chipsets market?
What are the geographical trends and high growth regions/countries?

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Redding, California - September 15, 2020

5G Chipset Market Worth $23.5 Billion by 2027

5G Chipset Market by Application, by Chipset Type, by Frequency, by Processing Node, by Deployment Type, by Vertical, and Geography – Global Forecast to 2027

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