5G Chip Market Dynamics: Size, Share, and Future Scope Analysis 2023-2029
Global 5G Chip Market is expected to grow at a CAGR of 25.89% during the forecast period and market is expected to reach US$ 105.85 Bn. by 2029.
5G Chip Market Overview:
The 5G Chip Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the 5G Chip Market, as well as the causes for variances in the industry’s growth in various places
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5G Chip Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
5G Chip Market Drivers:
The next generation of technology calls for demand beyond the mobile internet and development in data speed. The demand for connectivity is expected to be driven by trends, such as IoT, smart cities, autonomous cars, and industrial automation. The increasing demand for high-speed internet and broad network coverage, with reduced latency and power consumption, is boosting the growth of the 5G chip market globally.
Growing machine-to-machine or IoT connections and a rise in the demand for mobile data services are other factors that are anticipated to drive the growth of the market, over the forecast period. Also, 5G-enabled smartphones and other consumer devices are expected to fuel the growth of the 5G chipset market. However, high hardware costs involved in the terrestrial network densification and fragmented spectrum allocation are hindering the growth of the market.
5G Chip Market Segmentation:
by IC Type
ASIC
RFIC
Cellular IC
mmWave IC
by Operational Frequency
Sub 6GHz
Between 26 & 39 GHz
Above 39 GHz
by Product
Devices
Customer Premises Equipment
Network Infrastructure Equipment
by Industrial Vertical
Automotive & Transportation
Energy & Utilities
Healthcare
Retail
Consumer Electronics
Industrial Automation
Others
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5G Chip Market Key Players: The key players are
1. Qualcomm Technologies Inc.
2. MediaTek Inc.
3. Intel Corporation
4. Samsung Electronics Co. Ltd
5. Xilinx Inc.
6. Nokia Corporation
7. Broadcom Inc.
8. Infineon Technologies AG
9. Huawei Technologies Co. Ltd
10. Integrated Device Technology Inc.
11. Anokiwave Inc.
12. Qorvo Inc.
13. MACOM Technology Solutions Holdings Inc.
14. Cavium Inc.
15. Advanced Micro Devices, Inc.
16. Texas Instruments, Inc.
17. NXP Semiconductors NV
18. Analog Devices, Inc.
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the 5G Chip Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the 5G Chip Market Report are:
Which sub-segment had the largest share in the 5G Chip Market?
How is the competitive landscape of the 5G Chip Market in 2023?
Which are the key drivers impacting the 5G Chip Market growth?
Which region holds the maximum share in the 5G Chip Market?
What will be the CAGR of the 5G Chip Market during the forecast period (2023–2029)?
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