5G Chipset Market Report, By Product Type (Modem Chipsets, RF Integrated Circuit (RFIC) Chipsets, Millimeter Wave (mmWave) Chipsets, Sub-6 GHz Chipsets), By Application (Smartphones, Tablets, Laptops, Connected Cars, and Others), By End-User (Consumer Electronics, Automotive, Healthcare, Industrial, Retail, and Others) and Regions 2024-2032

Market Brief:

"The 5G chipset market size reached US$ 40.9 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 136.2 Billion by 2032, exhibiting a growth rate (CAGR) of 14.3% during 2024-2032."

The global 5G chipset market has been witnessing significant growth in recent years, driven by increasing demand for high-speed and low-latency connectivity across various industries. With the deployment of 5G networks gaining momentum worldwide, need for advanced chipsets that can support the enhanced capabilities of these networks has been registering significantly high demand.

5G chipsets demand is also surging substantially owing to rising use of data-intensive applications such as video streaming, cloud computing, and Internet of Things (IoT) devices. Also, industries such as automotive, manufacturing, and healthcare are embracing 5G technology to enable innovations like autonomous vehicles, smart factories, and remote healthcare services.

Major players in the market are focusing on developing highly efficient and powerful chipsets to cater to the increasing demand. These chipsets are designed to offer faster data transmission speeds, reduced power consumption, and improved network reliability.

Initiatives by governments and telecommunication companies to roll out 5G networks globally are further driving market revenue growth. A number of countries have already launched commercial 5G services, and others are in the process of expanding their 5G infrastructure. This expansion is expected to create immense opportunities for 5G chipset manufacturers.

In addition, 5G chipsets are crucial for enabling advanced telemedicine solutions, remote patient monitoring, and real-time data transmission in healthcare facilities. These chipsets ensure seamless connectivity and high-quality communication, facilitating remote diagnosis, surgical assistance, and patient care.

5G Chipset Market Report Overview:

The report provides comprehensive insights into driving factors, restraints, opportunities, and trends, with provision of in-depth supporting information, data, statistics, and actionable insights. Though covered and provided extensively across the report, the data and information format are simple, yet dynamic in order to ensure ease of reading and understanding, as well as presenting and maximizing leverage and use.

Revenues are provided in detail for previous years in order to showcase the evidence upon which our estimations and forecasts are based. Revenue growth rates and differences, as well as comparisons and relatable data are provided to further support all findings. Data points are provided for each year – from historical to end of forecast period – and this format is followed for each segment region and respective countries, as well as sub-segments and others. Vital details of major companies in the market are provided in the company profile section of the report. Cover includes financials, recent developments, strategies, product launches, agreements, expansion, mergers & acquisitions, and others. 

The global 5G chipset market research report is segmented on the basis of product type, integration, application, end-user, and regions and countries. Regional segmentation includes North America (United States and Canada); Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Poland, BENELUX, NORDIC, and Rest of Europe); Asia Pacific (China, India, Japan, South Korea, ASEAN, Australia & New Zealand, & Rest of Asia Pacific); Latin America (Brazil, Mexico, Argentina, & Rest of Latin America); Middle East & Africa (Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of MEA).

5G Chipset Market Trends Analysis & Research Factor:

Global 5G chipset market research has been exhaustive and the report provides in-depth details of the various factors and scenarios and aspects that have a direct or indirect impact, near-term or far-term on the market and products and services etc. The global 5G chipset market is registering significant revenue growth due to factors such as increasing demand for high-speed connectivity, IoT expansion, rise in edge computing adoption, advancements in autonomous vehicles, and substantial investments in 5G infrastructure. These trends, among others, are expected to have positive impact on market revenue growth, and provide lucrative opportunities for companies operating in the 5G chipset space

Increasing Demand for High-Speed Connectivity: Rising demand for high-speed internet connectivity is a major factor driving revenue growth of the global 5G chipset market. Increasing consumer and commercial demand for faster data transmission speeds, lower latency, and improved network reliability is driving deployment of 5G technology and solutions. This demand is fueling adoption of 5G chipsets to enable seamless connectivity and support data-intensive applications currently.

Expansion of IoT Ecosystem: The Internet of Things (IoT) is rapidly expanding, connecting an array of devices and systems. 5G chipsets play a vital role in supporting the proliferation of IoT devices, enabling efficient and real-time communication. The deployment of 5G networks facilitates the growth of smart cities, smart homes, and industrial automation, leading to increased demand for 5G chipsets.

Rise of Edge Computing: Edge computing is gaining traction as organizations seek to process data closer to the source, reducing latency and enhancing efficiency. 5G chipsets are integral to the development of edge computing infrastructure, enabling real-time data processing and analysis at the network edge. This trend is expected to drive demand for 5G chipsets in various industries, including manufacturing, healthcare, and transportation.

Advancements in Autonomous Vehicles: The development and deployment of autonomous vehicles rely heavily on 5G technology. 5G chipsets enable high-speed connectivity, low-latency communication, and reliable network connections, which are crucial for autonomous vehicle operations. As the automotive industry continues to advance in autonomous driving, demand for 5G chipsets is expected to surge.

Growing Investment in 5G Infrastructure: Governments and telecommunication companies worldwide are investing significantly in 5G infrastructure development. These investments are aimed at expanding network coverage and capacity, ensuring a robust 5G ecosystem. Increasing deployment of 5G networks creates substantial opportunities for 5G chipset manufacturers and is also driving market revenue growth.

What Factors Are Restraining Growth of 5G Chipset Market?

High Cost of Deployment: Deployment of 5G networks involves significant costs, including infrastructure development, spectrum acquisition, and equipment installation. These high costs pose a challenge for network operators and can result in a slower adoption rate, thereby impacting demand for 5G chipsets.

Regulatory Challenges: Implementation of 5G technology often faces regulatory challenges related to spectrum allocation, licensing, and compliance. Delays in regulatory approvals and complex compliance processes can hinder the rollout of 5G networks, directly affecting demand for 5G chipsets.

Security and Privacy Concerns: With the increased connectivity and data exchange enabled by 5G networks, security and privacy concerns become more prominent. The potential for cyber threats, data breaches, and unauthorized access to sensitive information creates hesitation among consumers and organizations. These concerns can slow down adoption of 5G technology and impact demand for associated chipsets.

Limited Coverage in Rural Areas: While 5G networks are being rapidly deployed in urban and metropolitan areas, achieving comprehensive coverage in rural and remote regions remains a challenge. The cost-effectiveness of extending 5G infrastructure to sparsely populated areas poses a restraint, limiting market growth.

Compatibility with Existing Infrastructure: The transition to 5G networks requires compatibility with existing infrastructure, including devices, equipment, and software systems. Ensuring seamless integration of 5G technology with legacy systems can be complex and costly. This compatibility challenge can slow down the adoption of 5G chipsets, particularly in industries with established infrastructure.

What are the Opportunities for Leading 5G Chipset Manufacturers?

Companies operating in the global 5G chipset market have opportunities to tap into as a result of rising demand for 5G devices, infrastructure development, industry-specific applications, IoT and edge computing, and research and development partnerships. By strategically positioning themselves in these areas, chipset manufacturers can diversify their revenue streams and capitalize on the expanding 5G market.

Increased Demand for 5G Devices: As 5G networks continue to expand globally, there will be a surge in demand for 5G-enabled devices, including smartphones, tablets, wearables, and IoT devices. Chipset manufacturers can seize this opportunity by providing efficient and high-performance 5G chipsets to device manufacturers, generating significant revenue through partnerships and supply agreements.

Infrastructure Development and Deployment: The ongoing deployment and expansion of 5G infrastructure offers a substantial revenue stream for chipset companies. The construction of 5G base stations, antennas, and other network equipment requires advanced chipsets to enable seamless connectivity and support high-speed data transmission. Chipset manufacturers can collaborate with infrastructure providers to supply the required components, contributing to revenue growth.

Industry-Specific Applications: 5G technology enables transformative applications across various industries such as healthcare, automotive, manufacturing, and entertainment. Chipset companies can focus on developing specialized chipsets tailored to meet the unique requirements of these industries. For example, customized chipsets for autonomous vehicles, smart factories, and telemedicine applications can open up new revenue opportunities.

IoT and Edge Computing: The growth of the Internet of Things (IoT) and edge computing presents significant revenue potential for chipset manufacturers. As IoT devices proliferate and edge computing becomes mainstream, chipsets that support low-power consumption, real-time communication, and edge processing capabilities will be in high demand. Companies can target IoT device manufacturers and edge computing solution providers to leverage potential from this revenue stream.

Research and Development Partnerships: Collaboration with research institutions, universities, and technology companies can provide avenues for innovation and revenue growth. By investing in research and development, chipset manufacturers can develop advanced technologies and intellectual property that can be licensed or incorporated into their products. Collaborative projects and partnerships can lead to breakthroughs in 5G chipsets, securing a competitive advantage in the market.

Regional Level Analysis:

Regional analysis of the global 5G chipset market reveals key regions and countries driving sales and demand. North America, led by the United States, dominates the other regional markets due to robust infrastructure development and early commercialization of 5G networks. Asia Pacific revenue growth is driven particularly by China and South Korea owing to immense potential with large consumer base and strong 5G adoption trend. Europe, led by countries such as Germany and the United Kingdom, is witnessing significant growth driven by increased investments in 5G infrastructure.

What are the factors driving the 5G Chipset demand in North America region?

North America 5G chipsets market demand is driven by early commercialization of 5G networks in the United States. The region has robust supply chain and strong collaborations between chipset manufacturers and network operators. Consumer preference in North America leans towards advanced devices and applications that require high-speed connectivity. Government initiatives to promote 5G infrastructure development and investment in research and development are factors further boosting demand for 5G chipsets.

What are the factors driving the growth in 5G Chipset unit sales in Asia Pacific region?

China leads among other countries in Asia Pacific in terms of demand and supply for 5G chipsets due to its large consumer base and aggressive 5G deployment. South Korea also accounts for significant market revenue share, driven by consumer preference for advanced technology. Governments in countries in the region actively support and invest in 5G infrastructure, driving initiatives to stimulate innovation and adoption. Also, emerging markets such as India and Southeast Asian countries are witnessing increasing demand, with governments making efforts to accelerate 5G deployment and adoption.

Why is Europe a prominent market for 5G Chipset?

In Europe, countries such as Germany and the United Kingdom are witnessing industry growth in the 5G chipset market. Infrastructure investments play a crucial role in driving demand. Consumer preference in Europe lies in enhanced mobile experiences, IoT applications, and smart city initiatives. Governments in the region have implemented initiatives to support 5G deployment, including spectrum allocation and partnerships with industry players. Developments in research and innovation centers foster collaborations between academia and businesses, driving further advancements in the 5G chipset market.

What is the Outlook on 5G Chipset Sales in Latin America & MEA region?

In Latin America, the market varies across countries with different levels of 5G implementation and government support. Ongoing developments in telecom infrastructure and consumer demand for improved connectivity are contributing moderately to market dynamics in the region. Demand from Middle East & Africa for 5G chipsets is gaining some traction owing to infrastructure development and government initiatives in countries in the region.

Leading Key Players & Competitive Landscape:

The landscape in the global 5G chipset market is highly competitive and dynamic, with several key players holding major market revenue share. Companies such as Qualcomm, MediaTek, Samsung Electronics, and Intel Corporation dominate others in the market with their advanced chipsets. Intense competition revolves around technological advancements, product differentiation, partnerships with device manufacturers, and capturing market opportunities in various industries.

Company List:

• Qualcomm Incorporated
• MediaTek Inc.
• Samsung Electronics Co., Ltd.
• Intel Corporation
• Huawei Technologies Co., Ltd.
• Nokia Corporation
• Ericsson AB
• Advanced Micro Devices, Inc. (AMD)
• Xilinx, Inc.
• Infineon Technologies AG
• Broadcom Inc.
• Unisoc Communications, Inc.
• Marvell Technology Group Ltd.
• Qorvo, Inc.
• HiSilicon Technologies Co., Ltd. (a subsidiary of Huawei)

Major Companies & Recent Developments:

• Qualcomm Incorporated is a leading player in the 5G chipset market, known for its Snapdragon series of mobile processors. As of September 2021, Qualcomm has been at the forefront of 5G chipset development, supplying its Snapdragon X-series modems and chipsets to numerous smartphone manufacturers. The company has been working on advancing 5G technology and expanding its capabilities.
• MediaTek Inc. is another prominent player in the 5G chipset market. As of September 2021, MediaTek has been actively involved in developing and manufacturing 5G chipsets for smartphones, tablets, and other connected devices. The company’s Dimensity series of chipsets have gained popularity in mid-range and budget-friendly smartphones.
• Samsung Electronics Co., Ltd. has made significant strides in the 5G chipset market. As of September 2021, Samsung has been producing its Exynos series of chipsets, which include 5G modem and processor components. Samsung's chipsets have been utilized in the company’s own flagship smartphones as well as some devices from other manufacturers.
• Huawei Technologies Co., Ltd. has been actively involved in the development and deployment of 5G infrastructure worldwide. As of September 2021, Huawei has been manufacturing its Kirin series of chipsets, which support 5G connectivity. Huawei's chipsets have been primarily used in their own smartphones and networking equipment.
• Intel Corporation has been working on its 5G chipset offerings. As of September 2021, Intel has been developing its XMM series of 5G modems and chipsets, targeting a wide range of devices, including smartphones, laptops, and IoT devices. Intel aims to provide reliable and high-performance solutions for the evolving 5G ecosystem.

Research Scope

Report Metric	Report Details
Market size available for the years	2021-2032
Base Year	2023
Forecast Period	2024-2032
Compound Annual Growth Rate (CAGR)	14.3%
Segment covered	Product Type, Application, Integration, End-User, and Region
Regions Covered	North America:  The U.S. & Canada Latin America: Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe The Middle East & Africa:  Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA
Fastest Growing Country in Europe	Germany
Largest Market	North America
Key Players	Qualcomm Incorporated, MediaTek Inc., Samsung Electronics Co., Ltd., Intel Corporation, Huawei Technologies Co., Ltd., Nokia Corporation, Ericsson AB, Advanced Micro Devices, Inc. (AMD), Xilinx, Inc., Infineon Technologies AG, Broadcom Inc., Unisoc Communications, Inc., Marvell Technology Group Ltd., Qorvo, Inc., HiSilicon Technologies Co., Ltd. (a subsidiary of Huawei), and amongst others.

Report Segmentation:

By Product Type:

• Modem Chipsets
• RF Integrated Circuit (RFIC) Chipsets
• Millimeter Wave (mmWave) Chipsets
• Sub-6 GHz Chipsets

By Integration:

• Integrated Chipsets
• Discrete Chipsets

By Application:

• Smartphones
• Tablets
• Laptops
• Connected Cars
• Internet of Things (IoT) Devices
• Industrial Automation
• Augmented Reality/Virtual Reality (AR/VR)
• Wearable Devices
• Others

By End-User:

• Consumer Electronics
• Automotive
• Healthcare
• Industrial
• Retail
• Transportation and Logistics
• Media and Entertainment
• Others

Segmentation By Region:

North America:

• United States
• Canada

Europe:

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Poland
• BENELUX
• NORDIC
• Rest of Europe

Asia Pacific:

• China
• Japan
• India
• South Korea
• ASEAN
• Australia & New Zealand
• Rest of Asia Pacific

Latin America:

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Middle East & Africa:

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA