5G Chipset Market to Reach $92.05 Bn, Globally, by 2030 at 21.8% CAGR: Allied Market Research

News provided by

Mar 02, 2022, 08:40 ET

PORTLAND, Ore., March 2, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "5G Chipset Market by IC Type (ASIC, RFIC, Cellular IC, and mmWave IC), Operational Frequency (Sub 6GHz, Between 26 & 39 GHz, and Above 39 GHz), Product (Devices, Customer Premises Equipment, and Network Infrastructure Equipment), and Industry Vertical (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Consumer Electronics, Industrial Automation, and Others): Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global 5G Chipset industry generated $13.26 billion in 2020, and is anticipated to generate $92.05 billion by 2030, witnessing a CAGR of 21.8% from 2021 to 2030.

Prime Determinants of Growth

Surge in adoption of image cameras for automotive industry verticals, rise in use of image sensors in improved healthcare imaging solutions, and increase in demand for image sensor solution for security & surveillance drive the growth of the global 5G chipset market. However, decline in adoption of CCD image sensors hinder the market growth. On the other hand, increase in adoption of image sensor cameras in autonomous vehicles presents new opportunities in the coming years.

Download Sample Report (Get Full Insights in PDF – 300+ Pages) @ https://www.alliedmarketresearch.com/request-sample/5114

Covid-19 Scenario

The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global 5G chipset market, owing to disruptions in the supply chain.
In addition, lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdown hampered the market growth.
However, rise in demand for three-dimensional printing solutions across prime sectors is one of the major factors that propels the market growth. In a nutshell, the pandemic has had a mixed impact on the growth of 5G chipset market during the pandemic.

The Devices Segment to Maintain its Leadership Status Throughout the Forecast Period

Based on product, the devices segment held the highest market share in 2020, accounting for more than three-fourths of the global 5G chipset market, and is estimated to maintain its leadership status throughout the forecast period. The consumer devices segment includes consumer electronic devices such as smartphones, laptops, tablets, smart TVs, and others, which are increasingly used in the current scenario globally, hence anticipated to make it the largest segment of the market. Moreover, the network infrastructure equipment segment is projected to manifest the highest CAGR of 23.1% from 2021 to 2030. Network infrastructure equipment is usually a part of the IT infrastructure found in most of the IT sectors. This is boosting the growth of the segment.

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/5114

The Consumer Electronics Segment to Maintain its Lead Position During the Forecast Period

Based on industry vertical, the consumer electronics segment accounted for the largest share in 2020, contributing to more than two-thirds of the global 5G chipset market, and is projected to maintain its lead position during the forecast period. This is owing to rise in demand for consumer electronics such as smart televisions, smartphones, and other electronics. However, the automotive & transportation segment is expected to portray the largest CAGR of 24.3% from 2021 to 2030, owing to the introduction of 5G chipset in the automotive & transportation sector.

Asia-Pacific, Followed by North America, to Maintain its Dominance by 2030

Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global 5G chipset market, owing to surge in investment by key market players. Moreover, the LAMEA region is expected to witness the fastest CAGR of 26.2% during the forecast period. This is attributed to rising awareness about artificial intelligence and IoT technology.

Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/5114?reqfor=covid

Leading Market Players

Qualcomm Technologies, Inc.
Broadcom
Intel Corporation
Nokia Corporation
Samsung Electronics Co., Ltd.
Mediatek Inc.
Xilinx Inc.
Huawei Technologies Co., Ltd.
Qorvo
Infineon Technologies AG

Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter

Power Management Integrated Circuits Market Expected to Reach $51.04 Billion by 2027

Microcontroller Market is Expected to Reach $42.19 Billion by 2027

Embedded FPGA Market Size is Expected to Reach $301 Million by 2024

Narrowband IoT (NB-IoT) Chipset Market is Projected to Reach $22,105.6 Million by 2030

High Performance Computing (HPC) Chipset Market is Expected to Reach $13.68 Billion by 2027

Pre-Book Now With 10% Discount:

5G Remote Radio Head Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Desktop Chipset Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

Multi-chip Module (MCM) Market- Global Opportunity Analysis and Industry Forecast, 2018-2025

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn and Twitter