Global 5G Chip Market: is expected to grow at a CAGR of 25.89% during the forecast period and market is expected to reach US$ 105.85 Bn. by 2029.
Global 5G Chip Market Overview:
A research team conducted extensive primary and secondary research for the worldwide industry’s Global 5G Chip Market study. Secondary research was conducted to supplement existing data, segment the market, assess total market size, anticipate market size, and growth rate.
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Global 5G Chip Market Dynamic:
Growing machine-to-machine or IoT connections and a rise in the demand for mobile data services are other factors that are anticipated to drive the growth of the market, over the forecast period. Also, 5G-enabled smartphones and other consumer devices are expected to fuel the growth of the 5G chipset market. However, high hardware costs involved in the terrestrial network densification and fragmented spectrum allocation are hindering the growth of the market.
Market Scope:
Our team at Maximize collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study’s country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.
Global 5G Chip Market Segmentation:
The ASIC segment is anticipated to hold the largest market share in 2021, contributing about 48% of the total revenue, owing to an increase in demand for custom chips. Though, the mm Wave IC segment is projected to register the fastest CAGR of 55.3% during the forecast period, because of the high demand for integrated circuits (ICs) in the automotive sector. The other IC types analyzed in the report include RFIC and cellular IC.
The automotive and transportation end-user segment of the global 5G chip market is anticipated to witness the highest growth rate, over the forecast period. 5G is estimated to allow the system and application developers to develop a broad range of applications. The main uses include – vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), vehicle-to-network (V2N), and vehicle-to-pedestrian (V2P). These applications of 5G would further help in the expansion of other applications, for instance, digital logistics, automated driving, and intelligent navigation, thus fueling the need for a 5G chip.
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Global 5G Chip Market Key Players:
• Qualcomm Technologies Inc.
• MediaTek Inc.
• Intel Corporation
• Samsung Electronics Co. Ltd
• Xilinx Inc.
• Nokia Corporation
• Broadcom Inc.
• Infineon Technologies AG
• Huawei Technologies Co. Ltd
• Integrated Device Technology Inc.
• Anokiwave Inc.
• Qorvo Inc.
• MACOM Technology Solutions Holdings Inc.
• Cavium Inc.
• Advanced Micro Devices, Inc.
• Texas Instruments, Inc.
• NXP Semiconductors NV
• Analog Devices, Inc.
Regional Analysis:
A country-level examination of the Global 5G Chip Market focuses on categories identified as potentially high-growth, countries with the largest market share, and countries with the highest development potential. The regional breakdowns in the Global 5G Chip Market report include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
COVID-19 Impact Analysis on Global 5G Chip Market: The impact of COVID-19 on global Global 5G Chip market has also been included in the report.
Key Questions answered in the Global 5G Chip Market Report are:
- Which product segment had the largest share in the Global 5G Chip market in 2020?
- How is the projected competitive landscape of the Global 5G Chip market in the forecast period (2021-2027)?
- Which are the key factors aiding the Global 5G Chip market growth?
- Which region is responsible for the maximum share in the Global 5G Chip market in 2020?
- What will be the CAGR of the global Global 5G Chip market in the forecast period (2021-2027)?
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Maximize Market Research, a global market research firm with a dedicated team of professionals and data has carried out extensive research on the Transportation management system market. Maximize Market Research provides syndicated and custom B2B and B2C business and market research on 12,000 high-growth emerging technologies, opportunities, and threats to companies in the chemical, healthcare, pharmaceuticals, electronics, and communications, internet of things, food and beverage, aerospace and defense, and other manufacturing sectors. Maximize Market Research is well-positioned to analyze and forecast market size while also taking into consideration the competitive landscape of the sectors.
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