Global 5G Chip Market was value US$ XX Bn in 2020 and is expected to reach US$ XX Bn by 2026 at a CAGR of XX%. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global 5G chip market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global 5G chip market. The next generation of technology calls for a demand beyond the mobile internet and development in the data speed. The demand for connectivity is expected to be driven by trends, such as IoT, smart cities, autonomous cars, and industrial automation. The increasing demand for high-speed internet and broad network coverage, with reduced latency and power consumption, is boosting the growth of the 5G chip market globally. Growing machine-to-machine or IoT connections and a rise in the demand for mobile data services are the other factors which are anticipated to drive the growth of the market, over the forecast period. Also, 5G-enabled smartphones and other consumer devices are expected to fuel the growth of the 5G chipset market. However, high hardware cost involved in the terrestrial network densification and fragmented spectrum allocation are hindering the growth of the market. The ASIC segment is anticipated to hold the largest market share in 2020, contributing about 48% of the total revenue, owing to an increase in demand for custom chips. Though, the mmWave IC segment is projected to register the fastest CAGR of 55.3% during 2020-2026, because of high demand for integrated circuits (ICs) in the automotive sector. The other IC types analysed in the report include RFIC and cellular IC. Automotive and transportation end-user segment of the global 5G chip market is anticipated to witness the highest growth rate, over the forecast period. 5G is estimated to allow the system and application developers to develop a broad range of applications. The main uses include – vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), vehicle-to-network (V2N), and vehicle-to-pedestrian (V2P). These applications of 5G would further help in the expansion of other applications, for instance, digital logistics, automated driving, and intelligent navigation, thus fuelling the need for a 5G chip. In terms of operational frequency, Chipsets operating in the range of 26-39 GHz frequency sub-segment would portray the highest CAGR during the study period, because of their ability to cater to multiple 5G devices and better availability of frequency band for seamless connectivity. Region-wise, The Asia-Pacific region is expected to witness the highest CAGR, followed by North America over the forecast period. Once the commercialization of the 5G network connectivity, it is anticipated that there will be high demand for 5G-enabled smartphones with high-speed internet connectivity. This is expected to drive the need for the 5G chipset. The growth of on-demand video services and IoT would further boost the growth of the market, in the APAC.
The scope of Global 5G Chip Market
Global 5G Chip Market, by IC Type
• ASIC • RFIC • Cellular IC • mmWave IC
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