Rising Demand for High-Speed Internet and Large Network Coverage to Boost 5G Chipset Market

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MarketsandMarkets Presents

Rising Demand for High-Speed Internet and Large
Network Coverage to Boost 5G Chipset Market 5G
Chipset Market with COVID-19 Impact by Type
(Modem, RFIC), Frequency (Sub-6 GHz, 24- 39 GHz,
Above 39 GHz), End-Use (Telecommunication
Infrastructure, Mobile Devices, Non-mobile
Devices, Automobile), Process Node Geography -
Global Forecast to 2027 https//www.marketsandmar
kets.com/Market-Reports/5g-chipset-market-15039056
2.html
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The 5G chipset market is expected to grow from
USD 12.8 billion in 2020 to USD 67.2 billion by
2027, at a CAGR of 26.7. The major factors
driving the growth of the 5G chipset market are
the growing demand for high-speed internet and
broad network coverage, increasing cellular IoT
connections, and an increase in mobile data
traffic. However, the high cost of the 5G chipset
is expected to restrain the growth of the
market. Browse 116 market data Tables and 70
Figures spread through 229 Pages and in-depth TOC
on "5G Chipset Market  - Global Forecast to 2027"
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RFIC to account for largest share of 5G chipset
market during forecast period RFIC which includes
RF transceiver and RF FE segment is expected to
witness highest CAGR in coming years. The mobiles
devices and telecommunication infrastructure
segments are expected to be the major
contributors to the growth of the RFIC market.
The increasing number of RF transceiver ICs in
smartphones is the key factor expected to drive
the growth of the 5G chipset market for RFIC. The
deployment of mmWave ICs in 5G infrastructure
equipment and the high bandwidth offered by
mmWave technology are expected to support the
market growth. Ask PDF Brochure https//www.mark
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10 to 28 nm segment to witness highest growth in
5G chipset market in coming years Advancements in
the fabrication process are supporting the
improvements in ICs, which has made electronic
devices smaller and more power optimized. The 5G
chipset market by process node has been segmented
into less than 10 nm, 1028 nm, and above 28 nm.
Some of the major process nodes on which 5G
chipset components such as modems and RFICs are
manufactured include 5 nm, 7 nm, 10 nm, 14 nm, 28
nm, 45 nm, 60 nm, and so on. 5G chipsets with
process node between 10 and 28 nm mostly include
baseband processors for 5G infrastructure and
RFIC components.
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Sub-6 GHz is attributed to hold largest market
size of 5G chipset market from 2020 to 2027 5G
devices operating in the Sub-6 GHz spectrum band
are likely to play an important role in
delivering widespread coverage and supporting
multiple use cases. Companies such as Huawei and
ZTE do 90 of their work in sub-6 GHz. Sub-1 GHz
frequency support 5G services in urban, suburban,
and rural areas and may find its role in IoT
services. This spectrum is likely to help 5G
services reach hard-to-reach and populated public
areas. Spectrum from 1 to 6 GHz is used for
coverage and capacity applications of
5G. Request Free Sample Pages https//www.market
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Automotive segment is likely to grow at the
highest CAGR during the forecast period. 5G is
expected to play a crucial role in the
transformation of the automotive industry through
the development of new applications that are
difficult to develop with the current generation
of cellular technologies. 5G can allow system and
application developers to develop a wide range of
applications the major applications include
vehicle-to-vehicle (V2V), vehicle-to-infrastructur
e (V2I), vehicle-to-pedestrian (V2P), and
vehicle-to-network (V2N). These applications of
5G would further help in the development of other
applications, such as automated driving, digital
logistics, and intelligent navigation.
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APAC to have highest CAGR in 5G chipset market
during forecast period The 5G chipset market in
APAC is foreseen to grow at a significant rate.
The growth of the 5G chipset market in APAC is
mainly driven by increasing developments (such as
RD activities, investments, and partnerships
among companies) related to 5G in countries such
as Japan, China, and South Korea. 5G has been
launched in 9 countries, and 12 others have
planned to roll out in the near future in Asia
Pacific. China is one of the major countries
involved in the development of 5G network
infrastructure. The Chinese government has been
quick off the mark in coordinating and
stimulating 5G research in China.
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