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5G Chipsets Market Trends

  • Report ID: GMI8076
  • Published Date: Feb 2024
  • Report Format: PDF

5G Chipsets Market Trends

The ongoing expansion of 5G network deployments marks a significant milestone in the evolution of wireless communication. Telecommunication companies and network operators worldwide are investing heavily in upgrading their infrastructure to support 5G technology. This expansion is characterized by the deployment of advanced antennas, small cells, and other infrastructure elements to create a dense and efficient 5G network. The goal is to provide widespread coverage, enabling users to experience the benefits of 5G connectivity across diverse geographic areas. This deployment is not limited to urban centers but extends to suburban and rural regions, ensuring a more inclusive adoption of 5G.
 

For instance, in February 2023, Qualcomm Technologies, Inc, a semiconductor technology company, launched Snapdragon X75, its new 6th generation 5G radio frequency modem. The Snapdragon X75 5G modem's primary new feature is compatibility with 5G-Advanced (5G-A), a network protocol that will provide an advancement over standard 5G connection. 5G-A will provide higher bandwidth and lower latencies, opening a slew of new use cases for consumers and enterprises.
 

A prominent trend in the 5G chipset market is the integration of AI capabilities. 5G networks, with their high data speeds and low latency, provide an ideal environment for AI applications. Chipsets are being designed to support on-device AI processing, enabling faster and more efficient execution of AI algorithms. This integration is particularly relevant for applications like real-time analytics, autonomous vehicles, and edge computing. Beamforming, a technology that enhances the efficiency of wireless communication by focusing signals directly toward specific devices, is experiencing advancements in the context of 5G chipsets. Improved beamforming techniques contribute to enhanced network performance, increased capacity, and better coverage.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

5G chipsets market size crossed USD 33 billion in 2023 and is expected to register over 17% CAGR from 2024-2032 owing to increasing demand for high-speed connectivity and the proliferation of data-intensive applications worldwide.

The automotive segment held 30% share of the 5G chipsets industry in 2023 and is expected to register an appreciable CAGR through 2032 due to the ability of 5G chipsets to enable advanced connectivity features and pave the way for the realization of autonomous driving.

Asia Pacific held over 22% share of the 5G chipsets industry in 2023 and is expected to register a commendable CAGR over 2024-2032 due to the wider focus on shigh-speed connectivity and the increasing adoption of advanced technologies such as IoT, AI, and cloud computing in the region.

Broadcom Inc., Huawei Technologies Co., Ltd., Intel Corporation, Keysight Technologies, Inc., MediaTek Inc., Nokia Corporation, NXP Semiconductors N.V., Qualcomm Incorporated, and Samsung Electronics Co., Ltd., are some of the major 5G chipsets companies worldwide.

5G Chipsets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 362
  • Countries covered: 22
  • Pages: 230
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