The 5G Chipset Global Market Report 2023, provides comprehensive information on the 5g chipset market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s latest 5G Chipset Global Market Report for 2023, the market is poised for remarkable growth. In the span of just one year, from 2022 to 2023, we anticipate a substantial increase in market size, surging from $9.83 billion to an impressive $13.43 billion. This translates to a robust compound annual growth rate (CAGR) of 36.7%.
However, it’s crucial to note that recent global events, particularly the Russia-Ukraine conflict, have cast a shadow on the global economic recovery following the challenging COVID-19 pandemic. In the short term, the war has resulted in widespread economic sanctions, escalated commodity prices, supply chain disruptions, and subsequent inflation across various sectors, influencing global markets significantly.
Despite these challenges, the 5G chipset market remains resilient and on an upward trajectory. Projections suggest that by 2027, we can anticipate a market size of $41.49 billion, driven by a steady CAGR of 32.6%. This underscores the enduring growth potential of the 5G chipset market, even in the face of complex global dynamics.
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In the dynamic landscape of the 5G chipset market, one prominent trend has swiftly ascended to the forefront: product innovations. The industry’s major players have recognized the paramount importance of innovation as a catalyst for market expansion. This realization is underscored by tangible examples of groundbreaking developments.
A case in point is the exemplary initiative undertaken by Samsung Electronics, a prominent South Korea-based electronics juggernaut, in June 2021. In this watershed moment, Samsung unveiled a groundbreaking portfolio of 3GPP Rel.16 compliant chipsets. This suite of next-generation 5G chipsets represents a quantum leap in the evolution of 5G technology. The innovative collection comprises a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These cutting-edge components are meticulously engineered with a singular objective: to enhance power efficiency, elevate performance thresholds, and concurrently diminish the physical footprint of 5G solutions.
In this era of relentless technological advancement, the emphasis on innovation in product development is both an industry necessity and an exciting frontier, promising unparalleled enhancements in the 5G chipset domain. The fruits of these endeavors are poised to reshape the future of telecommunications, driving the sector towards unprecedented levels of efficiency and capability.
The 5g chipset market 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 Verticles
Asia-Pacific was the largest region in the 5g chipset market in 2022.
The table of contents in TBRC’s 5g chipset market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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