The market for 5G chipsets is still in developing/testing stage and expected to witness strong growth on complete commercialization, evolving beyond early adopter stage quickly to reach mass market in the coming years. The global 5G chipsets market is poised to register double digit CAGR (39.5%) between 2023 and 2030, becoming a multi-billion market in the coming years.

"North America the largest 5G Chipset market; Asia Pacific to Register Superior Growth"

North America represents the largest 5G chipset market worldwide, closely followed by Asia Pacific and Europe respectively. The U.S. remains the engine of growth, accounting for over 90% of the total North America market value. The strong market position of the region estimated is primarily on the back of several factors including presence of large base of established manufacturers, sophisticated IT infrastructure and relatively greater penetration of technologies like IoT, Big Data, and artificial intelligence across different industry verticals. The multitude of research and resulting investments dedicated towards developing next-generation network technologies bodes well for the market growth in the region.  In addition, increased initiatives taken by the U.S. government in a bid to ensure better rural connectivity will drive market demand during the forecast period. On the other hand, Asia Pacific is foreseen to become the most profitable business destination for 5G chipset manufacturers during the forecast period 2023 - 2030. Government initiatives supporting investments in smart city projects and 5G technology is expected help 5G chipset market gather steam in the region. Countries including China, South Korea, and Japan are spending huge amounts in developing 5G infrastructure. For instance, China has already laid down a five-year plan covering a US$ 400 Bn budget for 5G related investments.

"ASIC (Application Specific Integrated Circuit)-based Chipsets to Dominate throughout the Forecast Period"

Application Specific Integrated Circuits (ASIC)-based 5G chipsets are estimated to be the largest revenue generating variants in the global 5G chipsets market. One of the major factors expected to propel adoption of ASIC-based 5G chipsets include proliferation of consumer electronics industry, especially in developing countries, increased industrial automation, and steady growth in the telecommunication industry worldwide. Over the past few years, mobile devices including smartphones, laptops, and tablets have witnessed colossal penetration worldwide.

Key Players:

Some of the leading manufacturers profiled in the research study include Infineon Technologies, Qualcomm Technologies, MediaTek Inc., Intel Corporation, Qorvo Inc., Broadcom, Inc., Xilinx Inc.,  Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd. , Analog Devices Inc., Anokiwave Inc., Nokia Corporation, IBM Corporation, and among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of 5G Chipset market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the 5G Chipset market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of 5G Chipset market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the 5G Chipset market?
• Which is the largest regional market for 5G Chipset market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving 5G Chipset market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the 5G Chipset market worldwide?