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Global 5G Chipset Market to account to US$ 22.86 Bn by 2027 | Key Players Broadcom, Infineon Technologies AG, MediaTek, Samsung Group, Xilinx

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Global 5G Chipset Market to account to US$ 22.86 Bn by 2027 | Key Players Broadcom, Infineon Technologies AG, MediaTek, Samsung Group, Xilinx

August 29
07:06 2019
The global 5G chipset market is estimated to account US$ 1.03 Bn in 2019 and is expected to grow at a CAGR of 41.0% during the forecast period 2020 – 2027, to account to US$ 22.86 Bn by 2027.

Geographically, North America holds the largest 5G chipset market share, owing to rapid technological developments, numerous investments, and supportive Government policies in North American countries. However, Asia Pacific is projected to surpass North America over the forecast period. The government in this region are taking several initiatives such as investment funding are undertaken by the players to promote entire semiconductor industrial growth. The growth of in this region is driven by high demand for more semiconductor applications in automotive, industrial, consumer goods, and other electronic products including wireless, storage products.

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Leading key market players mentioned in the report:-

Broadcom, Huawei Corporation, IBM Corporation, Infineon Technologies AG, MediaTek, Nokia Corporation, Qualcomm Incorporated, Samsung Group, Telefonaktiebolaget LM Ericsson, Xilinx.

The primary reason for this is the high population density of China and India resulting in a large number of smartphone subscriptions, supporting government initiatives towards a digitalized economy, considerable investments in laying out optical fiber infrastructure that would connect to the backhaul of 5G networks and enhanced focus on concepts such as smart cities and smart buildings. China is the most populated country in the world, and a country with a large number of companies established. ZTE Corporation, Huawei Technologies, Inc. that are the two largest telecommunication companies in China are investing significant funds for the development of 5G technology. These new market initiatives and strategic partnerships are expected to continue during the forecast period, contributing to the high growth of 5G chipset market in the region.

Rapid growth in the developments of smartphones

The adoption of smartphones adoption continues to globally expand. This is fueled by the multimode 3G/4G LTE connectivity, robust mobile processors, advanced features of multimedia, and superior location awareness capabilities, among other features. Approximately, 1.5 billion smartphones were shipped in 2017, globally; which is consistent year-over-year. Most of the growth is projected in the emerging regions, where smartphones account for approximately 70% of the total handset shipments. Further, growth in the smartphone demand has also been driven by the variety of affordable and flexible data plans that are being offered by the mobile operators.

Smartphone has become prominently in-demand for social networking, gaming, music, email, and web browsing, among other functionalities. It is anticipated that the 5G connectivity would further drive innovations and would increase the consumer demand by offering enhanced connectivity. The smartphone is replacing many of the conventional consumer electronics devices with its advanced capabilities and utility.

Encouraging government support and investments in the emerging economies

As soon as 5G was announced and its potential benefits were showcased at global level, numerous countries have put their hand forward in ensuring a healthy evolution of this technology. A large number of global players have also ventured into developing, research and innovations for the 5G technology globally. Some of the leading vendors, carriers and stakeholders in the 5G chipset  market include Qualcomm, Samsung Corporation, Ericsson, Nokia Networks, Huawei Telecommunications Inc. and ZTE Corporation who have formed partnerships with various stakeholders across the globe in funding for research & development of the 5G technology. 5G is proven to be a technological evolution that will have the potential to bridge a consumers physical, virtual and social worlds. The associated transformation into the digital world will bring in business opportunities to a plethora of industry verticals in true sense.

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Strategic Insights

Some of the market initiatives were observed to be most adopted strategy in the global 5G chipset market. Few of the recent market initiatives are listed below:

2019: Skyworks Solutions, Inc. announced that MediaTek is utilizing its Sky5 suite for their new 5G reference platforms. Specifically, Skyworks’ complete 5G front-end architecture is being combined with MediaTek’s 5G baseband chipset to deliver highly integrated solutions targeting open market mobile products.

2019: Nokia uses processor core from the Intel. Nokia utilizes updated silicon technology for its ReefShark chipsets and therefore collaborated with Intel. Intel has its own silicon manufacturing unit which assists Nokia to power its new 5G network solutions.

2019: China Telecom and Ericsson with the help of MediaTek’s commercial chipset-based terminal has accomplished a 5G Standalone end-to-end data call. This achievement is made on the 5G trial network of a service provider in Hangzhou.

2019: Keysight Technologies, Inc. announced the industry’s first successful demonstration of a 5G New Radio (NR) IP data transfer call using MediaTek’s Helio M70 Multi-Mode Modem with integrated baseband.

 

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