DUBLIN, July 12, 2023 /PRNewswire/ -- The "Global 5G Chipset Market" report has been added to ResearchAndMarkets.com's offering.
In this report, the 5G chipset market was segmented by component, industry and geography. The report provides an overview of the global 5G chipset market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for the forecast period 2023 through 2028.
Revenue forecasts for this period are segmented into:
COVID-19 had a massive impact on society beginning in 2020. This report considers the impact of COVID-19 and the economic slowdown it created. With people relying more on technology, the demand for 5G chipset will increase and boost market growth. The report also focuses on the main trends and challenges that affect the market and the vendor landscape.
This report has been prepared in a simple easy-to-understand format, with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for 5G chipset, with reasons given for variations in the growth of the industry in certain regions.
The report examines each component of 5G chipset technology, determines its current market size and estimates its future market. The report also analyzes the market from the manufacturers' viewpoint, as well as that of the final consumer. A number of technical issues arising out of the use of 5G chipset technologies are discussed and solutions are indicated.
The next generation of technology demands improved data speed. The demand for connectivity is expected to be driven by trends like autonomous cars, smart cities, industrial automation and IoT (Internet of Things). The ever-increasing demand for broad network coverage and high-speed internet, with reduced power consumption and latency, will augment the growth of the global 5G chipset market during the projection period.
With 5G networks to be rolled out soon, the network providers and the original equipment manufacturers (OEMs) of smartphones are gearing up for the transition phase. 5G networks rely on the cloud and arrays of small antenna to provide ultra-speed data for mobile communication.
The network band is different than that of the 4G (LTE) band, so smartphone OEMs are looking to equip handsets with 5G-enabled modem chipsets for end-to-end communication. The major manufacturers of 5G chipsets for handsets are Qualcomm, Samsung, Intel, MediaTek and Huawei.
In terms of industry, the telecom and consumer electronics segment is expected to see significant growth in the 5G chipset market, driven by the need for real-time data processing and analysis in remote patient monitoring and telemedicine. The manufacturing industry is also expected to be a major contributor to the growth of the 5G chipset market, as companies look for ways to improve supply chain management and manufacturing processes. The Energy and Utilities segment is expected to be the fastest growing segment throughout the forecast period.
In terms of geographic regions, Asia-Pacific held the highest revenue share in the market in 2022 at $17.4 billion and it is expected that it will continue to dominate with a value of $48.5 billion in 2028. The Asia-Pacific region has many companies supplying 5G chipsets. In this region, Japan, Korea and China are the key countries where demand is being generated and most players are located in APAC.
However, the North American region held the second largest share of the global market and is expected to offer substantial market potential for the 5G chipset market, expanding at a CAGR of 20.7% during the forecast period, expected to reach $15.5 billion in 2028, up from $5.2 billion in 2022.
Since North America is a quick adopter of technological advancements, the 5G chipset market swiftly formed a strong base in the region. High demand for advanced technologies like artificial intelligence, machine-tomachine communication and connected cars will provide huge opportunities for the development of the 5G chipset market in North America.
Overall, the 5G chipset market is experiencing strong growth and is expected to continue to expand rapidly in the coming years as more businesses adopt 5G chipsets to improve data processing capabilities.
Companies Mentioned
Report Includes
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Market Dynamics
Chapter 5 Market Breakdown by Deployment Type
Chapter 6 Market Breakdown by Wafer Material Type
Chapter 7 Market Breakdown by Ic Type
Chapter 8 Market Breakdown by End Use
Chapter 9 Market Breakdown by Region
Chapter 10 Emerging Technologies and Developments
Chapter 11 Patent Review and New Developments
Chapter 12 Venture Funding Outlook
Chapter 13 Competitive Landscape
Chapter 14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/n0mj0b
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SOURCE Research and Markets
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