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What key factors are powering the surge in the 5g chipset market right now?

In recent times, the 5G chipset market has experienced significant growth. The forecast suggests that an expansion from $16.88 billion in 2024 to $22.38 billion in 2025, which implies a compound annual growth rate (CAGR) of 32.5%. Factors such as the advancement in mobile communication protocols, a surge in the requirement for faster data transmission rates, increased use of Internet of Things (IoT) devices, the rise in mobile broadband services, and the establishment of smart cities and interconnected infrastructure have all contributed to the previous growth.

How fast Is the 5g chipset market expected to grow, and what’s its future value?

The 5G chipset market size is expected to see exponential growth in the next few years. It will grow to $68.68 billion in 2029 at a compound annual growth rate (CAGR) of 32.4%. The growth in the forecast period can be attributed to adoption of 5G in industrial automation and IoT, expansion of 5G networks for enhanced mobile connectivity, rise in demand for low-latency and high-bandwidth applications, integration of 5G in autonomous vehicles and smart transportation, growing deployment of 5G in rural and remote areas. Major trends in the forecast period include emergence of mmWave technology in 5G chipsets, development of energy-efficient and compact 5G chipsets, integration of artificial intelligence (AI) in 5G chipset design, focus on open ran (radio access network) architectures, implementation of 5G chipsets for fixed wireless access (FWA).

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What are the leading drivers of growth in the 5g chipset market?

The surge in mobile data traffic is a significant factor driving the growth of the 5G chipset market. Essentially, mobile data traffic is the volume of data moving across the network within the entire internet at any given moment. As mobile data traffic increases, there’s a heightened demand for enhanced mobile network performance and data connectivity. Future generations of 5G networks are expected to meet these needs, thereby boosting the progression of 5G chipsets. As highlighted in the Ericsson Mobility Report published in November 2023 by Sweden-based telecoms company Telefonaktiebolaget LM Ericsson, global mobile data traffic is projected to triple by the end of 2029. The report anticipates that 5G subscriptions will surpass 5.3 billion and the average smartphone data consumption will rise from 21GB to 56GB per month between 2023 and 2029. Thus, the increase in mobile data traffic is anticipated to stimulate the expansion of the 5G chipset market.

What are the key segments defining the 5g chipset market?

The 5G chipset market covered in this report is segmented –

1) By Integrated Circuit: Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimeter Wave Integrated Circuit (mmWave IC)

2) By Operational Frequency: Sub 6GHz, Between 26 and 39 Ghz, Above 39 Ghz

3) By Vertical: Manufacturing, Energy And Utilities, Media And Entertainment, IT And Telecom, Transportation And Logistics, Healthcare, Other Verticals

Subsegments:

1) By Radio Frequency Integrated Circuit (RFIC): Power Amplifiers (PAs), Low Noise Amplifiers (LNAs), Transmitters, Receivers

2) By Application-Specific Integrated Circuit (ASIC): Digital ASICs, Analog ASICs, Mixed-Signal ASICs

3) By Cellular Integrated Circuit (Cellular IC): Modems, Baseband Processors, RF Transceivers

4) By Millimeter Wave Integrated Circuit (mmWave IC): mmWave Transceivers, mmWave Amplifiers, mmWave Antennas

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Who are the key players steering the development of the 5g chipset market?

Major companies operating in the 5G chipset market include Qorvo Inc., Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., UNISOC Communications Inc., Intel Corporation, MediaTek Inc., Infineon Technologies AG, Xilinx Inc., NOKIA CORPORATION, Skyworks Solutions Inc., NXP Semiconductors, Advanced Micro Devices Inc., International Business Machines Corporation, Broadcom Inc., Marvell Technology Group Ltd., Analog Devices Inc., Renesas Electronics Corporation, Fujitsu Limited, Integrated Device Technology Inc., Texas Instruments Incorporated, STMicroelectronics N. V., Murata Manufacturing Co. Ltd., Cavium Inc., MACOM Technology Solutions Holdings Inc., Anokiwave Inc., Sequans Communications S. A., MaxLinear Inc., Inseego Corp., Sierra Wireless Inc., Telit Communications PLC, Quectel Wireless Solutions Co. Ltd., Fibocom Wireless Inc.

What emerging trends are influencing the growth of the 5g chipset market?

The key trend gaining traction in the 5G chipset market is product innovations. The leading players in the market are focusing on the development of innovative products to spur growth. For example, Qualcomm Technologies, Inc., a telecom product and service organization based in the US, introduced the Snapdragon 4s Gen 2 chipset in July 2024. This chipset is designed to be the engine for affordable 5G smartphones, allowing for standalone (SA) 5G network compatibility at prices as low as Rs 8,300. This innovation plays a pivotal role in promoting 5G accessibility, making high-level mobile technology more widely available, particularly in emerging markets like India, giving it a competitive edge over MediaTek in the budget range.

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Which regions are most influential in expanding the 5g chipset market?

Asia-Pacific was the largest region in the 5G chipset market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5g chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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