5G Chipset Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Application-specific Integrated Circuits (ASIC), Radio Frequency Integrated Circuits (RFIC), Millimeter-wave Technology Chips, and Field Programmable Gate Arrays (FPGA)); Operational Frequency (Sub-6 GHz, Between 26 and 39 GHz, and Above 39 GHz); (End-Users (Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, and Others) Region/Country
The 5G Chipset market is expected to grow at a strong CAGR of around 20% during the forecast period. A 5G chipset is a cutting-edge part of customer premises equipment and network infrastructure equipment that is specifically designed to allow users to build a 5G-based wireless network that aligns with industry standards. With the increasing number of internet-connected devices, there is a growing need for a new wireless infrastructure known as 5G. 5G is the next generation of mobile networks after 4G LTE, and it offers faster internet speeds and more reliable connections, making it ideal for use with the Internet of Things (IoT) and essential communications. This technology enables a seamless global connection by expanding the operational frequency beyond mobile internet to support IoT and essential communications. The 5G chipset market is expected to experience substantial growth during the forecast period, driven by the rising number of M2M/IoT connections. The demand for high-speed internet and extensive network coverage also contributes to the growth of the market. Additionally, the increasing need for mobile broadband frequency is expected to drive the growth of the 5G chipset market.
Insights Presented in the Report
“Amongst type, the Application Specific Integrated Circuit (ASIC) segment held a dominating share of the market in 2021”
On the basis of type, the market is segmented into Application-specific Integrated Circuits (ASIC), Radio Frequency Integrated Circuits (RFIC), Millimeter-wave Technology Chips, and Field Programmable Gate Arrays (FPGA). The Application Specific Integrated Circuit (ASIC) segment held the largest market share in 2022. It is owing to its unique benefits, such as being very small and light in weight, which ultimately makes the system compact. Also, the cost of Application Specific Integrated Circuit (ASIC) is comparatively less than other alternatives. Furthermore, Radio Frequency Integrated Circuit (RFIC) and Millimeter Wave Integrated Circuit (mm Wave IC) continue to follow the same trends in the forecast period..
“Amongst end-users, the c IT & Telecom segment held a dominating share of the market in 2021”
On the basis of end-users, the market is segmented into Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, and Others. The IT & Telecom segment held the largest market share in 2021, accounting for more than 36.0% of the global revenue. This is due to the significant efforts of major manufacturers in creating 5G chipset modules for telecom base stations, broadband gateway devices, and other communication equipment. As data-intensive applications such as video streaming and cloud services become more widespread, there is a growing need for faster and more reliable networks. The use of 5G chipsets in IT and telecommunications infrastructure can address this demand by providing faster and more efficient data transfer, thereby enhancing overall infrastructure performance.
“North America dominated the 5G Chipset market in 2021.”
North America is a major contributor to the growth of the market being studied, with the United States accounting for the majority of the market share in the region. This growth is primarily driven by the increasing demand for IoT, M2M Communications, mobile broadband, and other emerging applications. Additionally, the United States, being home to several prominent players in the market and a frontrunner in the adoption of 5G connections, is expected to significantly influence the growth of the market studied.
5G Chipset Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global 5G Chipset market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the 5G Chipset Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global 5G Chipset market were the three major steps undertaken to create and analyze the adoption of 5G Chipset in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global 5G Chipset market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the 5G Chipset market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the 5G Chipset market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as Type, operation frequency, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the 5G Chipset market. Further, we conducted factor analysis using dependent and independent variables such as Type, operation frequency, and end-users of the 5G Chipset market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the 5G Chipset market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global 5G Chipset market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the 5G Chipset market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global 5G Chipset market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global 5G Chipset market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the Type, operation frequency, and end-users in the global 5G Chipset market.
The main objective of the Global 5G Chipset Market Study
The current & future market trends of the global 5G Chipset market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the 5G Chipset market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the Type, operation frequency, and end-users
- Define and analysis of the regulatory framework for the 5G Chipset
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the 5G Chipset market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the 5G Chipset market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry.
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