5G network speeds are estimated to be as high as 10-20Gbps, allowing the rapid transmission of huge amount of data between connected IoT devices, and powering applications that demand real-time connections. There are various ways in which 5G chipsets is expected to play a role in supporting next-generation IoT services in some key industry verticals such as automotive, healthcare and communications. The requirement for real-time networks will be achieved using 5G which is expected to significantly transform the healthcare industry.
By type, the 5G chipset market is segmented into radio frequency integrated circuit (RFIC), application-specific integrated circuit (ASIC), cellular integrated circuit, and millimeter wave integrated circuit. RFIC is the dominating segment in terms of adoption and deployment in various verticals. By operational frequency, the 5G chipset market is segmented into below 6 GHz, 26–39 GHz, and 39 and above GHz.
By product, the 5G chipset market is segmented into customer premise equipment, network infrastructure equipment. Consumer premise equipment is growing with the highest CAGR during the forecast period. However, network infrastructure equipment is dominating the 5G chipsets market in terms of product.
By vertical, the 5G chipset market is segmented into automotive & transportation, IT & telecommunication, retail, government, energy & utilities, healthcare, industrial, and others. Among these verticals, the automotive, and IT & telecommunications sector dominate the 5G chipset market owing to the increased adoption of connected cars and high development in IoT.
By region, the 5G chipset market is segmented into North America, Europe, Asia-Pacific, and rest of the world
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The key players in the 5G chipset market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Qualcomm Inc (US), Intel Corporation (US), Nokia Oyj (Finland), Samsung Electronics Co Ltd (South Korea), Xilinx Inc (US), IBM Corporation (US), Qorvo Inc (US), Infineon Technologies AG (Germany), Integrated Device Technology Inc (US), Anokiwave (US). These players contribute a major proportion towards market growth.
Apart from the top key players, the other players contribute nearly 30–35 % in the 5G chipset market. These include Analog Devices Inc (US), Broadcom Inc (US), Huawei Technologies Co., Ltd (China), MACOM Technology Solutions Holdings Inc (US), Cavium Inc (US), Telefonaktiebolaget LM Ericsson Class B (Sweden), Fujitsu Ltd (Japan), ZTE Corporation (China), Hewlett Packard Enterprise Co (US), KT Corp (South Korea) and others.
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The market for 5G Chipset is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of 5G Chipset market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
North America holds the largest market share of the 5G chipset market in terms of development, production and operations. The implementation of 5G chipsets in manufacturing, entertainment sector, and healthcare is the major factor contributing to the growth of the 5G chipsets market in North America.
Companies like Qualcomm, Huawei, Intel, and Samsung have been developing 5G chips and are planning to expand this technology, to various other regions. Owing to high presence of smartphone manufacturers and semiconductor industry, the Asia Pacific region is expected to grow at a fast pace. Countries like China, Taiwan, and South Korea hold nearly about 80% of global smartphone manufacturers, and most of them turn to be the largest.