WESTFORD, Mass., July 15, 2024 /PRNewswire/ -- According to
SkyQuest, the global 5G Chipset Market size was valued at
USD 16.04 Billion in 2022 and is
poised to grow from USD 19.54 Billion
in 2023 to USD 94.63 Billion by 2031,
growing at a CAGR of 21.8% in the forecast period (2024-2031).
Chipsets or integrated circuits designed specifically for 5G
applications and 5G technology are known as 5G chipsets.
Advancements in semiconductor manufacturing technologies will also
alter the global 5G chipset demand outlook across the forecast
period and beyond. High investments in the development of 5G
infrastructure and an increase in the deployment of new 5G networks
are projected to promote sales of 5G chipsets over the coming
years. The global 5G chipset market is segmented into type, end
user, and region.
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5G Chipset Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 19.54
billion
|
Estimated Value by
2031
|
$ 94.63
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 21.8%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Type and End
User
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
High demand for better
5G communication and 5G-enabled devices
|
Key Market
Drivers
|
Growing investments in
the development of 5G infrastructure
|
Segments covered in 5G Chipset Market are as
follows:
- Type
- Telecommunication Infrastructure (Macro Cells, Small Cell,
Customer Premises Equipment (CPE)), Mobile Devices (Smartphones,
Tablets & Laptops, Mobile Hubs, Robots/Drones, Wearables, AR/VR
Devices), Non-mobile Devices (IoT Gateways, Surveillance Cameras),
and Automobile
- End-Use
- Flat Panel, Flexible Panel, and Transparent Panel
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Vital Nature of RFICs in the Development of 5G Infrastructure
Allows it to Become a Top Segment
Radio frequency integrated circuits (RFICs) are an essential
part of 5G communication infrastructure and are extensively used by
network providers as well as users. The rising implementation of 5G
networks around the world is projected to create new opportunities
for RFIC manufacturers and suppliers in the future. Advancements in
the development of novel semiconductor manufacturing technologies
are also estimated to help this segment account for a substantial
share of the global 5G chipset market.
Rapidly increasing use of 5G networks by multiple devices around
the world is also estimated to push sales of new 5G modems going
forward. The development and launch of new 5G-enabled devices will
also help this segment create new opportunities in the future.
Development of smart infrastructure and the need for appropriate 5G
hardware will also help bolster market growth via this segment in
the long run.
View report summary and Table of Contents
(TOC):
https://www.skyquestt.com/report/5g-chipset-market
Development of New 5G Networks Helps Telecommunication
Infrastructure Hold Sway Over 5G chipset Sales
The growing need for fast and efficient data transfer speeds to
support digital technologies has led to increased adoption of 5G
networks and devices. Telecommunication companies are continually
focusing on bringing 5G technology to consumers by investing in the
development of new infrastructure to support the rising demand for
better low-latency data transfer. 5G chipsets play a crucial role
in helping telecommunication companies deploy 5G and this is why
this emerges as a key segment for market players.
The rising availability of 5G networks has also bolstered the
demand for 5G-enabled mobile devices as well. Mobile device
manufacturers are continually focusing on developing new mobile
devices that are compatible and optimized for 5G technology and
networks. Emphasis on innovation is also expected to help this
segment create new opportunities for 5G chipset companies going
forward.
5G technology is still in its initial stages of development and
adoption. This is why new companies as well as leading companies
have multiple opportunities to improve their revenue generation in
the long run.
Related Reports:
5G Equipment Market
5G Services Market
5G IoT Market
5G Small Cell Market
5G Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization have expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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