The 5G chipset market is poised to experience significant growth in the coming years, driven by the increasing demand for high-speed internet and extensive network coverage. The market is expected to reach USD 81.03 billion by 2028, growing at a CAGR of 17.4% from 2023 to 2028.

Market Size and Growth

The global 5G chipset market size was estimated at USD 36.29 billion in 2023 and is expected to reach USD 81.03 billion by 2028, growing at a CAGR of 17.4% during the forecast period (2023-2028). The market size is expected to grow significantly due to the proliferation of M2M/IoT connections, increasing demand for high-speed internet and extensive network coverage, and the rise in demand for mobile data services.

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Market Segmentation

The 5G chipset market is segmented by chipset type, operational frequency, end-use, and region. The major chipset types include application-specific integrated circuits (ASIC), radio frequency integrated circuits (RFIC), millimeter wave technology chips, and field-programmable gate arrays (FPGA). The market is also segmented by operational frequency, including sub-6 GHz, between 26 and 39 GHz, and above 39 GHz. The end-use segments include consumer electronics, industrial automation, automotive and transportation, energy and utilities, healthcare, retail, and other end users.

Regional Analysis

The 5G chipset market is expected to grow significantly in various regions, with Asia Pacific expected to grow at the highest CAGR during the forecast period (2023-2028). North America is expected to account for the largest market share in 2024, followed by Europe and Asia Pacific.

Competitive Landscape

The 5G chipset market is highly competitive, with major players such as Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Samsung Electronics Co. Ltd, and MediaTek Inc. operating in the market. These companies are investing heavily in research and development to improve the performance and efficiency of their 5G chipsets.

Study Objectives

The study objectives of the 5G chipset market include:

To describe and forecast the 5G chipset market, in terms of value, by type, process node, frequency, and end-use.
To describe and forecast the 5G chipset market, in terms of value, for four main regions—North America, Europe, APAC, and the Rest of the World
Methodology

The study uses both top-down and bottom-up approaches to estimate and validate the size of the 5G chipset market and other dependent submarkets. The market size is estimated through extensive primary research conducted with key opinion leaders from both the demand- and supply-side vendors across major regions.