5G Chipset Market Rapid growth in the developments of smartphones

1. 5G Chipset Market Global Analysis and Forecasts to 2027 5G Chipset Market to 2027 - Global Analysis and Forecasts by Type (Operation Frequency (Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz); Product (Devices, Customer Premises Equipment, and Network Infrastructure Equipment); End-User (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics, Public Safety & Surveillance)

2. 5G Chipset Market Current and future Market Scenario  The global 5G chipset market is estimated to account US$ 1.03 Bn in 2019 and is expected to grow at a CAGR of 41.0% during the forecast period 2020 – 2027, to account to US$ 22.86 Bn by 2027.  In the present scenario, 5G chipset is in the concluding phase of testing. These chipsets operate over data speed that is 50 to 100 times more than the 4G counterpart.  The global 5G chipset market is majorly driven by exponentially growing needs of the consumer electronic devices that has boosted the manufacturing prospects and convergence of the electronics and automotive industry driving the quest for semiconductor industry. However, the rapidly changing nature of technology requires consistent changes in semiconductors.  5G is gaining popularity as it is able to address a few key challenges of the network operators while offering mobile broadband. These challenges include cost-effective functionality for managing the ever-growing traffic on the network, aid to meet expectations of speed and quality over the network, and also monetize customer value in the highly competitive market landscape.

3. 5G Chipset Market Factors Contributing to Market Growth  In the past few years, the mobile data consumption has witnessed exponential growth. On a global level, that data traffic rate has grown at an annual rate of approximately more than 65% over the last five years. Also, the exponential growth in data traffic over the internet is attributed to the growth in smartphone and other consumer electronic devices penetration that are able to be connected over the internet with the introduction of IoT.  The Governments of various emerging economies globally have realized the potentials of 5G solutions and its impact on the GDP of the country. Also, it is projected that owing to digitalization of businesses, huge jobs would be created that would render a positive impact on the economy.  Tele Brasil, which is the Brazilian Telecommunications Association has signed an agreement with China, the US, European Union, Japan and South Korea to develop 5G technology in the country. Also, the Brazilian Government has established a partnership with Ericsson for building an innovation center focused on 5G and IoT.

4. Key Findings  The market players present in 5G chipset market are mainly focusing on the product enhancements by implementation of advanced technologies. The large firms are adopting the strategy of acquisition and collaboration with the various companies for enhancing its capabilities and expanding its footprint in various geographies.  This type of strategy allows the companies for strengthening its footprint in the market. Also, key market players influencing the market are profiled in the study along with their SWOT analysis and market strategies.  The factors propelling the market for 5G chipsets include the rise in need for internet coverage with reduced power consumption, rise in the demand for high speed network, growing M2M/IoT connections, and rising in demand for mobile data services. However, high cost of hardware in the terrestrial network densification is a key challenge that is restraining the growth of the 5G chipset market. Moreover, strategic alliances in the emerging economies is anticipated to be opportunistic for the 5G chipset market.

5. 5G Chipset Market Market Segments Type End-User Product Operation Frequency (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics) (Devices, Customer Premises Equipment, and Network Infrastructure Equipment) (Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz)

6. 5G Chipset Market Dominating Segments  The end user segment of the 5G chipset market is further categorized into automotive & transportation, energy & utilities, healthcare, retail, building automation, industrial automation, consumer electronics, public safety & surveillance sectors.  The 5G chipset market by operation frequency is segmented into sub-6 GHz, between 26 and 39 GHz, and above 39 GHz.  Sub-6 GHz segment dominates the 5G chipset market heavily and is expected to continue its dominance throughout the forecast period from 2020 – 2027.  With continuous development taking place for the deployment of 5G, required testing related to 5G chipset, equipment, and other devices is growing. Along with testing of these devices, it also creates several challenges for sub-6 GHz and millimeter frequencies.

7. Dominating Segments  5G Chipset Market Insights Rapid growth in the developments of smartphones The adoption of smartphones adoption continues to globally expand. This is fueled by the multimode 3G/4G LTE connectivity, robust mobile processors, advanced features of multimedia, and superior location awareness capabilities, among other features. Approximately, 1.5 billion smartphones were shipped in 2017, globally; which is consistent year-over-year. Most of the growth is projected in the emerging regions, where smartphones account for approximately 70% of the total handset shipments. Smartphone has become prominently in-demand for social networking, gaming, music, email, and web browsing, among other functionalities. It is anticipated that the 5G connectivity would further drive innovations and would increase the consumer demand by offering enhanced connectivity. Get sample PDF copy @ https://www.theinsightpartners.com/sample/TIPEL00002370/

8. Dominating Segments Encouraging government support and investments in the emerging economies  As soon as 5G was announced and its potential benefits were showcased at global level, numerous countries have put their hand forward in ensuring a healthy evolution of this technology.  A large number of global players have also ventured into developing, research and innovations for the 5G technology globally.  Some of the leading vendors, carriers and stakeholders in the 5G chipset market include Qualcomm, Samsung Corporation, Ericsson, Nokia Networks, Huawei Telecommunications Inc. and ZTE Corporation who have formed partnerships with various stakeholders across the globe in funding for research & development of the 5G technology.  5G is proven to be a technological evolution that will have the potential to bridge a consumers physical, virtual and social worlds.

9. 5G Chipset Market Leading Players Global 5G Chipset Market - Company Profiles  Broadcom Inc.  Huawei Corporation  IBM Corporation  Infineon Technologies AG  MediaTek Inc.  Nokia Corporation  Qualcomm Incorporated  Samsung Group  Telefonaktiebolaget LM Ericsson  Xilinx

10. Graphical Representation Exhibit: Lucrative Regional 5G Chipset Market

11. Graphical Representation Exhibit: Asia Pacific 5G Chipset Market by Operation Frequency

12. 5G Chipset Market Access Full Research Report at: https://www.theinsightpartners.com/reports/5g-chipset-market Thank You! Thank You!