In a recent published report, Kenneth Research has updated the market report for 5G Chipset Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 5G Chipset Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Market Synopsis
The global 5G chipset market was valued at USD 1.21 billion in 2017 and is expected to reach USD 9.22 billion by the end of the forecast period with a CAGR of 41.2%.5G is the latest cellular technology which is expected to increase speed and responsiveness of the wireless network. With the implementation of 5G data, data transmitted over wireless broadband connections travels as high as expected to travel at maximum rate of 20 Gbps. Due to availability of bandwidth and advanced high antenna technology, 5G chipsets enable rapid increase in amount of data transmitted over wireless systems. With the implementation of 5G chipset, 5G technology is able to provides network management features that further allow mobile operators to generate one or more virtual network within single 5G network.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The factors supporting the growth of 5G chipsets market include the growing demand for high-speed internet, and need for reduced power consumption and latency rate while accessing mobile internet. Further the increased machine to machine communication and growing trend of internet of things is boosting the market growth. The exponential increase in connected devices, such as the deployment of billions of wirelessly connected sensors, actuators and similar devices for massive machine connectivity is expected to place demand on the network to support new models in device and connectivity management for security purpose.
Segmentation
The global 5G chipset market is segmented into type, operational frequency, product, verticals, and region.By type, the 5G chipset market is segmented into radio frequency integrated circuit (RFIC), application-specific integrated circuit (ASIC), cellular integrated circuit, and millimeter wave integrated circuit.By operational frequency, the 5G chipset market is segmented into below 6 gHz, 26–39 gHz, and 39 and above gHz.By product, the 5G chipset market is segmented into customer premise equipment, network infrastructure equipment.
By vertical, the 5G chipset market is segmented into automotive & transportation, IT & telecommunication, retail, government, energy & utilities, healthcare, industrial, and others.By region, the 5G Chipset market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Regional analysis
The global market for 5G chipset is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of 5G chipset market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
5G chipsets are expected to inspire the emergence of new industries as well as impact existing businesses and products & services they design and manage. It is predicted that 5G technology will be working to stimulate the innovation, technologies and inventions which is expected to enhance smart homes and cities. 5G chipset integration in enhanced mobile broadband applications, massive IoT, and mission-critical services is expected to fuel sustainable long-term growth in annual global GDP of many regions and countries. Asia-pacific is expected to dominate the 5G chipset market during the forecast period. The commercialization and deployment of 5G tend to provide a broad set of opportunities for both the enterprises as well as the consumers.
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Key Players
The key players in the 5G chipset market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Qualcomm Inc (US), Intel Corporation (US), Nokia Oyj (Finland), Samsung Electronics Co Ltd (South Korea), Xilinx Inc (US), IBM Corporation (US), Qorvo Inc (US), Infineon Technologies AG (Germany), Integrated Device Technology Inc (US), Anokiwave (US). These players contribute a major proportion towards market growth.
Apart from the top key players, the other players contribute nearly 30–35 % in the 5G chipset market. These include Analog Devices Inc (US), Broadcom Inc (US), Huawei Technologies Co., Ltd (China), MACOM Technology Solutions Holdings Inc (US), Cavium Inc (US), Telefonaktiebolaget LM Ericsson Class B (Sweden), Fujitsu Ltd (Japan), ZTE Corporation (China), Hewlett Packard Enterprise Co (US), KT Corp (South Korea) and others.
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Intended Audience
Government Agencies
Network Solution Providers
Consulting Firms
System Integrators
Research Institutes and Organizations
Technology Standards Organizations
Technology Investors
Semiconductor companies
Network end users
Application developers
Service providers
Equipment manufacturers
Component suppliers
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