Asia Pacific was the dominant regional market in 2019 with revenue share of about 47% in 2019 of the global 5G Chipset Market
In-depth study on 5G Chipset Market 2020 report offers market share, size, growth rate, statistics, and revenue trends data at country, region and global level along with competitive benchmarking analysis of key market players, detailed analysis of key market growth drivers, restraints, opportunity, trends along with COVID-19 impact analysis: ReportCrux Market Research.
ReportCrux Market Research has published a new report titled “5G Chipset Market by Type (Modem, RFIC); by Frequency (Sub-6 GHz, 24–39 GHz, Above 39 GHz); by Process Node (Less than 10 nm, 10–28 nm, Above 28 nm); by End Use (Mobile Devices, Non-mobile Devices, Telecommunications, Automobile) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027.
5G Chipset Market Size
The global 5G Chipset Market is estimated to grow from USD 10.93 Billion in 2019 to reach USD 75.19 Billion by 2027, at a CAGR of 27.3% during the forecast period from 2020-2027.
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Regional Analysis:
Asia Pacific was the dominant regional market in 2019 with revenue share of about 47% in 2019 of the global 5G Chipset Market
At regional level, market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific was the dominant regional market in 2019 with revenue share of about 46.8% in 2019 and is expected to grow at the fastest pace oh CAGR 28.7% during the forecast period.
The high share of the Asia Pacific region is attributed to the growing developments like partnerships, investments and R&D activities related to the 5G in the developing countries like South Korea, China, Japan & India. China is one of the key countries that is involved in the infrastructure development of 5G network. Coupled with this, the growing preferences for smart manufacturing in these countries is expected to drive the growth in the near future.
Drivers responsible for growth in the market include:
• Growing mobile data traffic
• Increasing cellular IoT connections
• Rising demand for high-speed internet and broad network coverage
Factors restraining market growth:
• High cost of 5G chipset for mobile devices
Market Opportunities include:
• Emerging private 5G networks for IIoT
• Growing demand from different business verticals
Segmentation Analysis:
RFIC Type Segment accounted for largest share of 65% of global 5G Chipset Market.
Based on Type, the market is segmented into Modem and RFIC. RFIC is further sub-segmented into RF transceiver and RF front end. RFIC dominated the market by about 64.9% during 2019 and is estimated to grow with the fastest CAGR of 29.1% during the forecast period of 2020 to 2027. The telecommunication infrastructure and mobile devices segments are likely to be the major contributors of the high development of the RFIC market.
Rising number of Radio Frequency Integrated Circuits (RFIC) in the smartphones is one of the key factors that is expected to boost the growth of 5G chipset market. High bandwidth that is offered by the mmWave technology and the deployment of mmWave Integrated Circuits in the in 5G infrastructure equipment are expected to further support the market growth.
Based on frequency, Sub-6 GHz acquired maximum share of 48% of global 5G Chipset Market.
On the basis of Frequency, the market is split into Sub-6 GHz, 24–39 GHz and Above 39 GHz, in which the Sub-6 GHz held the maximum share of 48.7% in 2019, whereas the 24–39 GHz is expected to grow with the fastest CAGR of 28.6% during the upcoming years. The 5G devices that are operating in the Sub-6 GHz band, are possible to play the most important part in delivering extensive coverage and is expected to support multiple use cases. Market leaders like ZTE and Huawei already do more than 85% of their work in sub-6 GHz.
5G services in the rural, sub-urban and urban areas is supported by Sub-1 GHz frequency and is also likely to find its role in the IoT services. The Sub-1 GHz spectrum will probably help the 5G services in reaching the most populated public and the hard-to-reach areas. 1 to 6 GHz spectrum is used for 5G capacity and coverage applications.
Less than 10 nm Process Node dominated the global 5G Chipset Market by 46% in 2019
Based on the Process Node, the Less than 10 nm, 10–28 nm and Above 28 nm, amongst these, the Less than 10 nm acquired the maximum share of 46.4% in 2019, however the 10–28 nm segment is estimated to witness fastest growth rate of 27.9% during 2020 to 2027.
As the modern communication networks need to simultaneously cater multiple applications, they encounter heavy loads. This would require development of the latest chipsets which have higher processing speeds. That’s why, the 10–28 nm segment is expected to register the fastest growth during the forecast years. Apart from this, as the autonomous cars have become most common these days, a seamless connectivity is required between the vehicles thus adopting higher processing nodes in order to develop the 5G chipset components.
Mobile devices held the largest share of 51% of the global 5G Chipset Market in 2019
By End Use, the market is segmented into Mobile Devices, Non-mobile Devices, Telecommunications and Automobile. Mobile devices held the largest share of 51.8% in 2019, however the Automotive segment is expected to grow with the fastest CAGR of 28.2% during the forecast years.
The share of mobile devices is high as these devices are 5G enabled for the use of video calling applications, for watching Ultra High Definition (UHD) videos and for online gaming. Also, with the implementation of 5G network, consumers can download and access the data at a very high speed. Thus, increasing use of smart phones is boosting the market share for mobile devices.
Key Player’s Analysis:
The report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the 5G Chipset market.
• Qualcomm, Inc. (US)
• Analog Devices, Inc. (US)
• Xilinx, Inc. (US)
• Intel Corporation (US)
• Qorvo, Inc. (US)
• Renesas Electronics Corporation (US)
• Broadcom Inc. (US)
• Anokiwave (US)
• MACOM Technology Solutions Holdings Inc. (US)
• Infineon Technologies AG (Germany)
• NXP Semiconductors N.V. (Netherlands)
• Huawei Investment & Holding Co., Ltd. (China)
• Unisoc (Shanghai) Technologies Co., Ltd. (China).
• Murata Manufacturing Co., Ltd. (Japan)
• Samsung Electronics Co., Ltd. (South Korea)
• Marvell Technology Group (Bermuda)
• Others
5G Chipset Market Segmentation
By Type
• Modem
• RFIC
– RF transceiver
– RF front end
By Frequency
• Sub-6 GHz
• 24–39 GHz
• Above 39 GHz
By Process Node
• Less than 10 nm
• 10–28 nm
• Above 28 nm
By End Use
• Mobile Devices
– Smartphone
– Laptops & Tablets
– Wearables
– Mobile Hubs
– AR/VR
– Robots
• Non-mobile Devices
– IoT Gateways
– Surveillance cameras
• Telecommunications
– Macro cell base station
– Small cell
– CPE
• Automobile
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Table Of Contents:
1. Preface
2. Research Methodology
2.1. Research Methodology
2.2. Models
2.3. Research limitations
3. Executive Summary
4. Post COVID-19 Industry Dynamics
5. COVID-19 Impact Analysis on Industry
5.1. Restrictions due to COVID-19
5.2. Demand-side Constraints
5.3. Supply-side Constraints
Continued…
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