Global 5G Chipset Market to Grow With a CAGR of 38.83 % by 2027
KEY FINDINGS
Nowadays,
the principal component in the consumer devices,
customer premise equipment, and network infrastructure equipment has been the 5G chipset that permits the end-user to form
the wireless network based on the Fifth-generation wireless (5G) standard
network. It is described as the next
generation to the 4G LTE mobile connection network. The global 5G chipset market is estimated to grow with a CAGR of 38.83 % during the forecasting
period of 2019-2027. The market is expected to reap revenue of $24,335 million by the end of 2027.
MARKET INSIGHTS
The 5G networks are
expected to expand broadband wireless services beyond Mobile Internet to the Internet of Things (IoT) and critical
communication segments to enable a perceived fully ubiquitous connected world.
Interestingly, mobile broadband
subscriptions grew with the annual growth rate of more than 20% in the last six
years and reached 4.3 billion globally by the end
of 2017. This huge adoption in mobile broadband services was due to the
affordable price. This significant upsurge in the uptake of mobile broadband
services is primarily driving the growth of the 5G chipsets market. Several technological
challenges, high infrastructure costs, and certain security concerns pose as
the key challenges for the proliferation of the 5G chipset market. The global 5G chipset is segmented on the basis of
type, offerings, and verticals.
REGIONAL INSIGHTS
Geographically, the
global 5G Chipset market has been segmented
on the basis of four major regions,
namely, North America, Europe, Asia Pacific, and the remaining countries
collectively forming the Rest of the World regional segment. The Asia Pacific is expected to be the largest and fastest-growing region by the end of the
forecasting years. The research in China, initiated by the government and
jointly conducted through industry-academia partnerships have primarily driven
the expansion of the market in the region.
COMPETITIVE INSIGHTS
ZTE Corporation, Huawei
Technologies Co., Ltd., Nokia Corporation, Samsung Electronics Co. Ltd., Intel
Corporation, Xilinx Inc., Infineon Technologies AG, Broadcom, Qorvo, Ericsson,
Qualcomm Technologies, Inc., MediaTek Inc., Fujitsu, IBM, and Hewlett Packard
Enterprise is the major companies that have been extensively profiled in the
report. Market share analysis, key company analysis, key
corporate strategies of these companies have been
discussed in detail. A majority of the companies determine the
strategies like that of mergers & acquisitions, partnerships, contracts,
agreements, or new product launch to gain a competitive edge over each other.
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