IMARC Group, a leading market research company, has recently releases report titled “5G Chipset Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global 5G chipset market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of 5G Chipset

A 5G chipset, also known as a 5G modem or processor, is a critical component in mobile devices that enables them to connect to 5G networks. It is designed to provide more robust connections, reducing signal interference, and improving network reliability, even in challenging environments. It is equipped to handle the evolving demands of the digital age, ensuring that devices remain compatible with upcoming network advancements. It delivers significantly faster data transfer speeds compared to 4G, allowing for quick downloads, smooth streaming, and reduced latency. It reduces the delay in data transmission, making real-time applications like augmented reality (AR), virtual reality (VR), and autonomous vehicles more responsive and reliable. It supports a higher number of connected devices in each area, ensuring a more stable network experience in crowded areas.

How Big Is the 5G Chipset Market?

The global 5G chipset market size reached US$ 4.1 billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 36.0 Billion by 2028, exhibiting a growth rate (CAGR) of 42.3% during 2023-2028.

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What are the growth prospects and trends in the 5G chipset industry?

The proliferation of data-intensive applications, such as video streaming, augmented reality (AR), virtual reality (VR), and Internet of Things (IoT) devices is creating a rise in data consumption. 5G chipsets offer the bandwidth and speed required to support these applications, making them essential for handling the data explosion. In addition, 5G chipsets are crucial for connecting a vast array of IoT devices efficiently due to their lower latency and higher device density support.

Besides this, telecom operators worldwide are deploying 5G networks to meet the demand for faster and more reliable connectivity. This, in turn, is offering lucrative growth opportunities to industry investors. Moreover, enterprises are leveraging the capabilities of 5G for improved connectivity within their organizations. This includes deploying private 5G networks, which rely on 5G chipsets for connectivity and data processing.

Apart from this, the integration of 5G chipsets into smartphones, tablets, and laptops is strengthening the growth of the market. People are seeking devices that offer faster download speeds and low latency, driving the adoption of 5G-enabled gadgets.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Chipset Type:

• Application-specific Integrated Circuits (ASIC)
• Radio Frequency Integrated Circuit (RFIC)
• Millimeter Wave Technology Chips
• Field-programmable Gate Array (FPGA)

Breakup by Operational Frequency:

• Sub 6 GHz
• Between 26 and 39 Ghz
• Above 39 Ghz

Breakup by End User:

• Consumer Electronics
• Industrial Automation
• Automotive and Transportation
• Energy and Utilities
• Healthcare
• Retail
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Broadcom Inc
• Huawei Technologies Co., Ltd.
• Infineon Technologies Ag
• Intel Corporation
• Mediatek Inc
• Nokia Corporation
• Qorvo
• Qualcomm Technologies, Inc.
• Samsung Electronics Co. Ltd.
• Xilinx Inc

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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