The global 5G chipset market size is estimated to reach USD 21,786.21 million by 2025, exhibiting a CAGR of 69.7% from 2020 to 2025, according to a new study by Grand View Research, Inc. The rapidly rising demand for ultra-reliable and low-latency data networks capable of delivering seamless connectivity is estimated to boost the market growth over the forecast period. As such, 5G chipset is turning out to be an integral part of modern telecommunication equipment. 5G chipset can be found in the latest smartphones, laptops, base stations, modems, and routers. These chipsets are also being installed in connected vehicles deployed as part of autonomous vehicle systems to provide improved Vehicle-to-Everything (V2X) connectivity.
The growing popularity of 5G-enabled smartphones is emerging as a major factor CAGR of 69.7% that is estimated to propel the market growth over the forecast period. Key smartphone manufacturers are responding to the growing demand for 5G smartphones by investing aggressively on vertical integration in order to diversify their business and augment their revenues. For instance, in July 2019, Apple, Inc. acquired Intel Corporation’s smartphone modem business segment for USD 1.0 billion. The acquisition was primarily focused on developing 5G chipset components for Apple Inc.’s new upcoming 5G-enabled iPhone.
5G chipset components are expected to play a crucial role in smart city projects by facilitating seamless connectivity for smart infrastructure, smart grids, smart streetlights, and building energy automation devices. These chipsets are also poised to become an integral part of the manufacturing sector by enabling ultra-low latency and high-reliability connectivity for various critical applications, such as remote process monitoring and control. The growing deployment of these chipsets to provide robust connectivity for machines to machine (M2M) communications in the manufacturing sector is anticipated to drive the market growth over the forecast period.
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However, rising concerns over the security of the data being exchanged over fifth-generation networks are expected in hinder the market growth. Particularly in countries, such as the U.S., the U.K., and Germany, among others, governments are highly concerned about data security and privacy issues. Several governments have also drafted stringent regulations and policies to ensure the security of the data being transferred over fifth-generation networks.
Further key findings from the study suggest that:
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Key Topics Covered
Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased database 1.3.2. GVR’s internal database 1.3.3. Secondary sources & third-party perspectives 1.3.4. Primary research 1.4. Information Analysis 1.4.1. Data analysis models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook Chapter 3. Market Variables, Trends, & Scope Outlook 3.1. Penetration & Growth Prospect Mapping 3.2. Industry Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market driver analysis 3.3.2. Market restraint analysis 3.3.3. Market opportunity analysis 3.4. 5G Chipset Market Analysis 3.4.1. Industry analysis – Porter’s five forces 3.4.1.1. Supplier power 3.4.1.2. Buyer power 3.4.1.3. Substitution threat 3.4.1.4. Threat from new entrant 3.4.1.5. Competitive rivalry 3.4.2. PESTEL Analysis 3.4.2.1. Political landscape 3.4.2.2. Economic landscape 3.4.2.3. Social landscape 3.4.2.4. Technology landscape 3.4.2.5. Environmental landscape 3.4.2.6. Legal landscape ……….continue
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About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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