Statistical data provided in this 5G Chipset report is represented with the help of different types of graphs which simplifies the understanding of facts and figures. Taking up such a market research report is always advantageous for any company, whether it is a small scale or large scale, for the marketing of products or services. This 5G Chipset report endows clients with the information on their business scenario which aids to stay ahead of the competition in today’s swiftly revolutionizing business environment. Moreover, this 5G Chipset report analyses the common market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which lends a hand to businesses on deciding upon several strategies.
The 5G Chipset Market is expected to reach USD 0.13 billion by 2025, from USD 21.01 billion in 2017 growing at the Highest CAGR of 49.02% forecast to 2025.
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Asia Pacific is expected to be the dominant region for the 5G Chipset market owing to the large telecommunication industry and early adoption of 5G technologies. The Asia Pacific countries are at rapid development stages in digitization and have over 1.9 billion mobile internet users in 2018, which is expected to reach 2.7 billion by 2025 according to the GSM Association
Key Competitors: 5G Chipset Market
Qualcomm,
Samsung Electronics,
Huawei,
Media Tek,
Intel.
BM,
Analog Devices,
Broadcom,
Huawei Technologies,
Ericsson,
Fujitsu,
ZTE Corporation,
Hewlett Packard Enterprise,
Qorvo,
Infineon Technologies,
Integrated Device Technology,
Anokiwave,
Macom Technology Solutions,
Cavium,
Korea Telecom, and others
The declining smartphone prices and rapid technological advancements in consumer electronics technologies are creating a strong demand for high processing network hardware globally. Smartphone manufacturers are inclined towards integrating these chips in their devices which will be one of the major product segments in the 5G Chipset market. According to the GSMA, there were 5.1 billion unique mobile subscribers globally in 2018.
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Key Market Segmentation
By Application
o Automotive
o Consumer electronics
o Industrial
o Retail and enterprises
By Frequency
o Low frequency
o High frequency
o Millimeter wave bands
By IC Type
o ASIC
o RFIC
o Millimeter-Wave IC
Smart city projects, such as city of Barcelona, with deployments for smart bins, driverless metro, smart parking spaces, digital bus services, and others is driving the 5G Chipset market. These include free internet access through the city’s Wi-Fi networks. Connected car market is another emerging application area for networking devices. Features, such as media streaming, navigation systems, and ADAS, are creating a demand for networking technologies in automotive. In addition, companies are developing connected cars for improving vehicle safety though better communication with outside vehicles, route optimization, and others.
The growing investments in networking infrastructure for wider broadband range and network coverage is influencing the growth of the 5G chipset market. 5G cellular network technology developments are creating their demand in multiple sectors such as healthcare, education, transportation, commercial offices, banking & finance, and other organizations. Rapid growth in data consumption and the emergence of smart devices such as home automation, drones and self- driving cars will augment the industry growth. These devices require very low latency to operate reliably in real time. In addition, developments in embedded computing requiring high speed internet and growing strategic collaborations for incorporating this technology for satellite communication will create growth opportunities for 5G chipset market. However, high initial cost for deployment of 5G will be a barrier hindering wide adoption across emerging economies which requires extensive network functions virtualization and SDN.
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Also included in the research report is information pertaining to the companies partaking in the 5G Chipset Market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical. The 5G Chipset Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these fall along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide.
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