5G Chipset Market Research, By Type (Radio Frequency Integrated Circuit, Application-Specific Integrated Circuit), Operational Frequency (6 gHz, 26–39 gHz), Product (Customer Premise Equipment, Network Infrastructure Equipment) Vertical – Global Forecast till 2023
The need for heightened connectivity in cellular technology is estimated to drive the growth of the 5G chipset market in 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for development. A CAGR of 41.2% is anticipated to stimulate market earning of USD 9.22 Billion by 2023.
The availability of higher bandwidths is estimated further to motivate the 5G chipset market in the upcoming period. The upsurge in the amount of data generated globally is estimated to further prompt the expansion of the 5G chipset market share in the impending period. The widespread proliferation of the internet of things is estimated to bolster the 5G chipset industry in the coming years.
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The segmental investigation of the 5G chipset market is segmented on the basis of verticals, operational frequency, type, product, and region. On the basis of type, the 5G chipset market is segmented into application-specific integrated circuit (ASIC), radio frequency integrated circuit (RFIC), millimeter wave integrated circuit, and cellular integrated circuit. Based on operational frequency, the market for 5G chipset is segmented into–39 GHz, below 6 GHz, 26and 39, and above GHz. Based on the product, the 5G chipset market is segmented into network infrastructure equipment and customer premise equipment. The segmentation of the 5G chipset market based on vertical consists of industrial, IT & telecommunication, government, energy & utilities, retail, healthcare, automotive & transportation, and others. Based on the region, the 5G Chipset market is segmented into Asia-Pacific, North America, Europe, and the rest of the regions.
Detailed Regional Analysis
The regional investigation of the 5G chipset market includes regions such as Asia-Pacific, North America, Europe, and the rest of the regions. The demand for 5G chipsets is anticipated to encourage the materialization of new industries as well as will influence the existing businesses and products & services they devise and manage. It is expected that 5G technologies will be working to encourage technologies and inventions, which is anticipated to augment smart homes and cities. The 5G chipset integration in improved mobile broadband uses, immense IoT, and mission-critical services are anticipated to stimulate sustainable long-term growth in the yearly global GDP of several regions and countries. The Asia-Pacific region is anticipated to control the 5G chipset market throughout the forecast period. The deployment and commercialization of 5G will offer a broad set of opportunities for both the enterprises as well as the customers.
The rebooting of manufacturing activities is another strategic aspect that is being emphasized to ensure that the supply of the end product can be reasonably ensured to the users in the market. The support of the administration in countries around the world is estimated to have a significant impact on the development of the market in the upcoming period. The revamping of distribution channels is also expected in the coming years with a particular focus on using robots for the logistic function on a larger scale than before. The market is in a condition of flux due to the rapid and severe changes in the global economy. The fortification of the human resource is estimated to be the critical point being addressed in these times of uncertainty. The market players are taking the steps that are necessary to ensure that the market survives the turbulent period and emerge recovered in the future.
The important contenders in the 5G Chipset market are Samsung Electronics Co Ltd (South Korea), Integrated Device Technology Inc (US), Qualcomm Inc (US), Xilinx Inc (US), IBM Corporation (US), Intel Corporation (US), Nokia Oyj (Finland), Qorvo Inc (US), Infineon Technologies AG (Germany) and Anokiwave (US) to name a few.
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