Global 5G chipset Market is valued at USD 0.4 billion in 2016 is anticipated to grow USD 14.5 billion with the compounded annual growth of 49.00% over the forecast period 2017-2025.
New York 23 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global 5G chipset industry is poised to raise USD 14.5 billion by 2025. Key factors which give growth to the 5G chipset market are demand for high-speed internet and broad network coverage with reduced latency and power consumption. Moreover, increasing M2M/IoT connections and increasing demand for mobile data services are propelling the market growth.
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Global 5G chipset Market Size study, by IC Type (RFIC, ASIC, Cellular IC, mmWave IC), by Operational Frequency (Sub-6 GHz, Between 26 & 39 GHz, Above 39 GHz), by Product (Devices, CPE, Network Infrastructure Equipment), by End-User Industry (Healthcare, retail, building automation, consumer electronics) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include Qualcomm technologies, Intel, Nokia, Samsung electronics, Xilinx, IBM, Qorvo, Infineon technologies and so on. Other market players discussed in the report include anokiwave, Broadcom, analog devices, Cavium. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the largest market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- Improving participation of telecom service providers in this spectrum are fueling the growth of this frequency band.
Bizwit Research & Consulting LLP has considered following segments for the study:
By IC Type:
- Celluar IC
- mmWave IC
By Operational frequency:
- sub 6 GHz
- Between 26 & 39 GHz
- Above 39 GHz
- Network infrastructure equipment
By End-user industry:
- Building automation
- Consumer electronics
- North America
- Asia Pacific
- Latin America
- Rest of the World