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5G Chipset Market by Application (Automotive and Transportation, Smart Factories, Smart Cities), by Chipset Type, by Frequency, by Processing Node, by Deployment Type, by Vertical, and Geography - Global Forecast to 2027

Report ID:MRSE - 104428 Pages: 278 Sep-2020 Formats*: PDF Category: Semiconductor and Electronics Delivery: 2 to 4 Hours

The 5G Chipsets Market is expected to grow at a CAGR of 52.7% from 2020 to 2027 to reach $23.5 billion by 2027. 5G chipsets are used across multiple industry verticals. These chipsets enable high-speed data connection for key applications, such as smart cities, automotive & transportation, and gaming & entertainment to provide customized user experience and optimize the efficiency of utilities and other services. The growth of the 5G chipsets market is majorly driven by the growing demand for high-speed data services, rapidly developing smartphone technology, and proliferation of IoT and connected devices. Additionally, rising government initiatives to build smart cities and increasing partnerships among major players for 5G deployment are the factors boosting the adoption of 5G chipsets.

5G Chipset Market

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The growing demand for high-speed data services to propel market growth

The growing penetration of internet services in home entertainment, education, and health monitoring is driving the demand for smartphones in the global market. To access these services unhindered, many technological companies, such as Qualcomm, Fujitsu, and Broadcom are investing in 5G technology to grab the major share of the market. Moreover, the technological development in the automotive industry and the emergence of self-driving cars is elevating the need for enhanced data transfer network technology, delivering results instantaneously.

Proliferation of IoT and connected devices to support market growth

Industries worldwide are considering IoT as one of the major factors that can increase their productivity by automating their business and manufacturing processes. This has significantly increased the push for 5G network technology to support higher data transfer and lower latency. Some of the major applications of 5G in manufacturing include closed-loop robotic control, machine-human interaction, automated guided vehicles, and AR & VR for machine maintenance.

Impact of COVID-19 on the 5G chipsets market

The spread of COVID-19 has dramatically affected the manufacturing and process industries. Nationwide lockdowns are freezing the economy with unexpected force and speed. Unemployment is shooting up far faster than the 2008 recession, which is expected to hurt the world’ economy.

Although COVID-19 has reduced the pace of adopting 5g technology in various regions, the effect of COVID-19 on 5G chipsets is not very significant, as it is in the nascent stage in various regions. The majority of COVID-19 effect on 5G can only be seen in Asia-Pacific, as the region has deployed some of the first 5G networks, compared to other regions where many markets have yet to launch 5G. Due to this, the 5G chipsets market will witness a short-term slowdown, followed by a quick recovery during the forecast period.

Moreover, COVID-19 has highlighted the importance of a robust digital economy to cushion the economic and industrial shock of control measures. It has led various industries to shift their operations completely on remote servers, which requires high-speed data connection and lower latency. Due to these reasons, the implementation of 5G services will grow, which will support the market growth of 5G chipsets during the forecast period.

Key Findings in the Global 5G Chipsets Market Study:

During the forecast period, the smart cities segment to grow at the highest CAGR

Based on application, the 5G chipsets market is segmented into automotive & transportation, smart factories, smart cities, gaming & entertainment, and smart retail. The smart cities segment is projected to grow at the highest CAGR during the forecast period. 5G will help achieve key objectives of smart cities in sectors such as energy & utilities, transportation, and public safety to plan expensive spending more efficiently, reduce downtime, enable real-time diagnosis, optimize asset utilization, and alert authorities in real-time during emergencies.

The millimeter-wave technology chips segment is projected to grow at the highest CAGR during the forecast period

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. During the forecast period, the millimeter-wave technology chips segment is projected to grow with the fastest CAGR. These chipsets have a larger bandwidth accommodating several subscribers.

The above 24Ghz 5G chipsets segment to witness the fastest growth through 2027

Based on frequency, the above 24Ghz frequency segment is projected to grow at the highest CAGR during the forecast period. This frequency segment can support large bandwidths and transfers high-speed data required for the successful deployment of 5G networks. It also enables massive machine type communication.

The security & surveillance segment to grow at the highest rate during the forecast period

Based on vertical, the security and surveillance segment is projected to grow with the fastest CAGR during the forecast period. The high growth of this segment is mainly attributed to the rising security concerns in urban areas, coupled with efforts from city authorities to provide better security and enable faster reaction time in case of emergencies.

In 2020, APAC is poised to account for the largest share of the market

The major share of APAC is mainly attributed to the presence of major technology players manufacturing 5G chipsets and higher adoption and proliferation of technology

Key Players

The report includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past three years. 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).

Scope of the report

5G Chipsets Market, by Chipset Type

Application-specific Integrated Circuits (ASIC)
Radio Frequency Integrated Circuits (RFIC)
Millimeter-wave Technology Chips
Field Programmable Gate Arrays (FPGA)

5G Chipsets Market, by Frequency

Below 1Ghz
Sub 6Ghz
Above 24Ghz

5G Chipsets Market, by Processing Node

7 Nm
8 Nm
10 Nm
Others (11 Nm, 12 nm, and 14 Nm)

5G Chipsets Market, by Deployment type

Devices
Network Infrastructure Equipment
Customer Premise Equipment
Others (Signal Boosters and Firewall Hardware) (11 Nm, 12 nm, and 14 Nm)

5G Chipsets Market, by Vertical

Automotive
Public Transportation
Energy & Utility
Telecom & IT
Industrial Automation
Consumer Electronics
Public Safety
Retail
Public Infrastructure
Others (Media & Entertainment, Healthcare)

5G Chipsets Market, by Vertical

Automotive & Transportation
- Connected Vehicles
- Smart Infotainment
- Freight information Systems
- Smart Traffic Management
- Smart Parking
- Passenger Information Management
Smart Factories
- Asset Monitoring
- Workforce Management
- Robotics
- Inventory Management
Smart Cities
- Waste Management
- Smart Utilities
- Smart Building
- Smart Public Safety
- Smart Healthcare
- Smart Education
Gaming & Entertainment
- Cloud-based Gaming
- AR/VR
- OTT TV
Smart Retail
- Store Analytics
- Smart Dressing Rooms
- Video Surveillance & Safety

5G Chipsets Market, by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific (APAC)
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific (RoAPAC
Latin America
Middle East and Africa

Key questions answered in the report:

Which application segment showcase high growth opportunities for 5G chipset players?

Based on application, in 2020, the smart cities segment is expected to command the largest share of the 5G chipsets market.

Which verticals of the market are projected to create more traction in the global 5G chipsets market?

Based on vertical, the consumer electronics segment is projected to command the largest share of the global 5G chipsets market.

What are the key factors driving the growth of the 5G chipsets market? What are the major opportunities for existing market players and new entrants in the market?