5G Chipset Market 2020-2026
A New Market Study, Titled “5G Chipset Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.
Global 5G Chipset Market Growth, Trends & Benefits
5G, popularly known as fifth generation technology in the field of communication is going revolutionize the entire digital industry. The global 5G chipset market is expected to reach USD 23.05 billion by 2025 from USD 0.71 billion in the year 2020. The growing demand of 5G chipset market has increased due to the requirement of huge data for personal and commercial use. It is expected that upon introduction of 5G technology the rate of data transfer is going to increase by 1000 times in comparison to the old and existing technologies like 3G and 4G. Owing to the increasing trends like IoT(Internet of Things), cloud computing, and robust networking system, the 5G chipset industry is expected to grow at a higher pace. Upon launch of mmWave Radio Frequency Integrated Circuits (RFICs) and Digital/Analog Front End (DAFE) ASICs by the technology giant Samsung, has brought a revolutionary change in the field of mobile and information technology industry. Introduction of RFIC and ASIC chipset will reduce the power consumption and weight by 25% in digital appliances. The increase in the bandwidth from 800MHz to 1.4GHz will not only increase the fast connectivity but will also reduce the latency rate. In comparison to other chipset type, ASICs is considered to hold the largest market share during the year 2020. North America is considered to be the largest growing market due to the continuous research and development programs in different fields of industry.
Owing to an increase in demand for smartphones and the introduction of new technologies like IoT, blockchain, and others have boosted the 5G chipset market growth. However, costing will be a serious concern for most of the companies due to up-gradation in the hardware products associated with 5G technology. Any up gradation or change in the existing technology results in the change of the hardware to make the software compatible with the device makes the shifting process difficult for the companies. Whereas, the use of 5G chipset and its technology can be combined with other devices in the field of automation, healthcare, retail, and defense services will provide an opportunity for the market growth in the future. Moreover, integration of devices, designing new products, post-production services, network issue will remain a challenge for market growth.
North America, region is considered to be the dominating region by volume and holds the largest market share by more than 45% during the year 2019. Owing to rapid development in technologies, research and development activities will attract the major players to invest in the market of North America. However, Asia Pacific is also considered to be the dominating region in future which is expected to surpass the North America market in term of volume and shareholding. Owing to more investment in the field of the smartphone, digitization of commercial and personal appliances will attract the key players to invest in 5G chipset market.
Global 5G Chipset Market Reports- Highlights
Global 5G Chipset Market- Segmentation
Fusion Market Research has segmented the global 5G chipset market based on product type, IC type, operational frequency, deployment type, end user, and region.
Global 5G Chipset Market Product Outlook (Revenue, USD Billion, 2020-2025)
Global 5G Chipset Market IC Type Outlook (Revenue, USD Billion, 2020-2025)
Global 5G Chipset Market Operational Frequency Outlook (Revenue, USD Billion, 2020-2025)
Global 5G Chipset Market Deployment Type Outlook (Revenue, USD Billion, 2020-2025)
Global 5G Chipset Market End-User Outlook (Revenue, USD Billion, 2020-2025)
Global 5G Chipset Market Regional Outlook (Revenue, USD Billion, 2020-2025)
Global 5G Chipset Market- Competitive Landscape
5G chipset market is considered to be consolidated market due to the presence of big market players working on the same product line. The list of key players of global 5G chipset market are:
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