The 5G Radio Frequency Chip (RF Chip) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 5G Radio Frequency Chip (RF Chip) Global Market Report 2024, The 5G Radio Frequency Chip (RF Chip) market size is expected to see rapid growth in the next few years. It will grow to $76.3 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to 5G deployment, edge computing, government initiatives, increasing network densification, proliferation of 5G-enabled devices. Major trends in the forecast period include integration of multiple bands and standards, advancements in beamforming and mimo technology, expansion of mmWave capabilities, adoption of advanced packaging technologies, development of AI-enabled RF chips, collaborations for ecosystem development.
The rise in the need for high-speed internet connectivity is expected to propel the growth of the 5G radio frequency chip (RF chip) market going forward. High-speed internet connectivity refers to the capability of accessing and transmitting data at faster rates compared to traditional internet connections. 5G RF chips are essential for high-speed connectivity in 5G networks due to their ability to support diverse frequency bands, advanced modulation techniques, beamforming, low-latency communication, integration with antenna systems, and energy efficiency. For instance, in August 2022, according to reports published by Eurostat, a Luxembourg-based government agency, high-speed internet coverage in households has increased from 59.8% in 2020 to 70.2% in 2021. Therefore, a rise in the need for high-speed internet connectivity will drive the 5G radio frequency chip (RF chip) market.
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The 5g radio frequency chip (rf chip) market covered in this report is segmented –
1) By Type: High Frequency, Low Frequency
2) By Type of Chip: Radio Frequency Integrated Circuits (RFICs), Millimeter-Wave Ics
3) By Frequency Band: Sub-6 GHz Frequency Band, mmWave (Millimeter Wave) Frequency Band
4) By Application: Automotive, Communications, Consumer Electronics, Other Applications
Major companies operating in the 5G radio frequency chip (RF chip) market are focusing on innovative technological products such as the system-on-chip to stay competitive and meet the increasing demand for faster and more reliable wireless communication systems. System-on-chip (SoC) is a mmWave 5G chipset designed to power the next generation of 5G smartphones with seamless displays, gaming, and power efficiency. For instance, in May 2023, MediaTek Inc., a Taiwan-based semiconductor company, launched the Dimension 1050 system-on-chip, the first mmWave chipset for seamless 5G smartphone connectivity. It combines mmWave 5G and sub-6GHz to migrate among network bands seamlessly, making it ideal for 5G networks worldwide. It also supports high-end UFS 3.1 storage and LPDDR5 memory for ultra-fast data streams, and it features a dual HDR video capture engine to simultaneously stream with the front and rear cameras.
The 5g radio frequency chip (rf chip) market report table of contents includes:
1. Executive Summary
2. 5G Radio Frequency Chip (RF Chip) Market Characteristics
3. 5G Radio Frequency Chip (RF Chip) Market Trends And Strategies
4. 5G Radio Frequency Chip (RF Chip) Market – Macro Economic Scenario
5. Global 5G Radio Frequency Chip (RF Chip) Market Size and Growth
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26. South America 5G Radio Frequency Chip (RF Chip) Market
27. Brazil 5G Radio Frequency Chip (RF Chip) Market
28. Middle East 5G Radio Frequency Chip (RF Chip) Market
29. Africa 5G Radio Frequency Chip (RF Chip) Market
30. 5G Radio Frequency Chip (RF Chip) Market Competitive Landscape And Company Profiles
Top Major Players:
- Samsung Electronics Co. Ltd
- Qualcomm
- Broadcom Inc
- Texas Instruments Incorporated
- MediaTek Inc
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