Chipset is the key part of almost every device. It is a kind of integrated circuit composed of various electronic components. The main function of the chipset in a device is to manage the flow of information in the device and makes it perform properly. Due to its functionality in devices, it is also known as a data flow management system.
What is the global 5G chipset market size?
5G chipset market size
The global 5G chipset market size reached US$ 0.85 billion in 2019. The market size is expected to reach US$ 11.4 billion by 2026. One of the main reasons behind the market growth of 5G chipset is the rapid deployment of 5G infrastructure around the globe.
Analysis of 5G chipset market
5G chipset is an integrated circuit installed in mobile phones and allows the end-user to form a connection with wireless network working on the 5G technology standards.
The 5G chipset is not only used in mobile phones, as they are not the only devices that need connection with the 5G network. It is also installed in devices such as IoT devices, autonomous vehicles, laptops, network infrastructure equipment, and small cells (that will be used in 5G infrastructure).
Due to the vast applications of 5G, it is used in various sectors, such as retail, healthcare, automotive and transport, industrial automation, consumer electronics, and utilities and energy.
As for the market share, consumer electronics have a bigger market share as compared to other sectors. It is due to the rapid adoption of 5G chipset in end devices, such as mobile phones, IoT, laptops, tablets, and smartwatches, and also owing to the trend of smart homes and cities around the world. The automotive sector will also see good market growth in the future, due to the autonomous vehicles commercialisation around the globe.
As for market value division by region, North America will account for a bigger share than other regions. The reason behind the large market share is the rapid adoption of advanced technologies in the region, such as autonomous technology, smart homes, smart cities, artificial intelligence, and M2M communication.
Key 5G chipset companies
Furthermore, the US also headquartered the key players in the 5G chipset market such as Qualcomm, Intel, Qorvo, and Xilinx. Some of the other players from around the world in the 5G chipset market include Huawei, MediaTek, Analog Devices Inc., Samsung, u-blox, Anokiwave, Skyworks, Marvell, and Broadcom.