5G Chipset Market (2020-2027)
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.
- Published
- Sep 2020
- Pages
- 278
- Format
- PDF + Excel
- Report ID
- MRSE - 104428
- Base year
- 2019
- 2027 · FORECAST
- $23.50B
- 2027
- $23.50B
- CAGR 2020–2027
- 52.7%
2019 baseline · 2020–2027 forecast at 52.7% CAGR · hover a bar for the value
Key highlights
During the forecast period, the smart cities segment to grow at the highest CAGR
The millimeter-wave technology chips segment is projected to grow at the highest CAGR during the forecast period
The above 24Ghz 5G chipsets segment to witness the fastest growth through 2027
The security & surveillance segment to grow at the highest rate during the forecast period
In 2020, APAC is poised to account for the largest share of the market
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2019 |
| Estimated Year | 2020 |
| Forecast Period | 2020–2027 |
| Market Size (2027) | USD 23.50 billion |
| CAGR (2020–2027) | 52.7% |
| Format | PDF, Excel & Cloud Portal · 278 pages |
| Segments Covered | By Chipset Type: Application-specific Integrated Circuits (ASIC), Radio Frequency Integrated Circuits (RFIC), Millimeter-wave Technology Chips, Field Programmable Gate Arrays (FPGA) · By Frequency: Below 1Ghz, Sub 6Ghz, Above 24Ghz · By Processing Node: 7 Nm, 8 Nm, 10 Nm, Others (11 Nm, 12 nm, and 14 Nm) · By Deployment Type: Devices, Network Infrastructure Equipment, Customer Premise Equipment · By Vertical: Automotive, Public Transportation, Energy & Utility, Telecom & IT, Industrial Automation, Consumer Electronics, Public Safety, Retail, Public Infrastructure, Others (Media & Entertainment, Healthcare) · By Application: Automotive and Transportation, Smart Factories, Smart Cities |
| Countries Covered | North America (Canada), Europe (Germany, U.K, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific (RoAPAC) |
| Key Companies | Broadcom Inc., Qualcomm Inc., MediaTek Inc., Intel Corporation, Samsung Electronics Co. Ltd., ZTE Corporation, Qorvo Inc., Fujitsu Ltd., Unisoc Communications Inc., Xilinx Inc., Huawei Technologies Co. Ltd., NXP Semiconductor N.V. |
Report overview
Segments covered: chipset type, frequency, processing node, deployment type, vertical, application. Regions: North America, Europe, Asia-Pacific.
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.
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.
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.
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.
Report infographic
Table of contents
15 chapters · 185 sections · 278 pages · click to expandSegmental analysis
| Segment | Largest share (2020) | Fastest growth (2020–2027) |
|---|---|---|
| By Application | — | Smart cities |
| By Chipset Type | — | — |
| By Frequency | — | Above 24Ghz frequency |
| By Vertical | — | Security and surveillance |
By Application
- During the forecast period, the smart cities segment to grow at the highest CAGR
- 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.
By Chipset Type
- The millimeter-wave technology chips segment is projected to grow at the highest CAGR during the forecast period
- 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.
By Frequency
- The above 24Ghz 5G chipsets segment to witness the fastest growth through 2027
- 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.
By Vertical
- The security & surveillance segment to grow at the highest rate during the forecast period
- 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.
Geographic analysis
Asia-Pacific
Largest shareIn 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
Competitive landscape
- Broadcom Inc.
- Qualcomm Inc.
- MediaTek Inc.
- Intel Corporation
- Samsung Electronics Co. Ltd.
- ZTE Corporation
- Qorvo Inc.
- Fujitsu Ltd.
- Unisoc Communications Inc.
- Xilinx Inc.
- Huawei Technologies Co. Ltd.
- NXP Semiconductor N.V.
Frequently asked questions
Cite this report
Meticulous Research. (2020). 5G Chipset Market - Global Opportunity Analysis and Industry Forecast (2020-2027) (Report No. MRSE - 104428). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/5g-chipset-market-5124