According to a new report, published by KBV research, The Global 5G Chipset Market size is expected to reach $155 billion by 2031, rising at a market growth of 19.5% CAGR during the forecast period.
The Sub 6GHz segment is leading the Global 5G Chipset Market by Operational Frequency in 2023; thereby, achieving a market value of $84.8 billion by 2031. This is primarily because sub 6GHz frequencies balance coverage, speed, and penetration, making them suitable for widespread 5G deployment, particularly in urban and suburban areas. Telecom operators prefer sub 6GHz frequencies for initial 5G rollouts due to their ability to cover large areas effectively and penetrate buildings, providing users with reliable connectivity.
The RFIC segment is experiencing a CAGR of 19.7% during (2024 - 2031). Radio frequency signals are essential for the operation of 5G networks, and the Radio Frequency Integrated Circuit (RFIC) is responsible for their transmission and reception. These circuits convert digital signals to analog and vice versa, allowing communication between network elements and devices. The growing adoption of 5G technology has increased the demand for advanced RFICs, which can support multiple frequency bands, including sub-6 GHz and mmWave.
The Devices segment is generating the highest revenue in the Global 5G Chipset Market by Product in 2023; thereby, achieving a market value of $78.8 billion by 2031. This segment primarily includes smartphones, tablets, laptops, wearable devices, and IoT gadgets. The rapid adoption of 5G-enabled smartphones has been a major driving force behind the growth of the devices segment, as consumers increasingly seek faster data speeds, enhanced connectivity, and low-latency services. The demand for 5G chipsets has been stimulated by the introduction of a diverse selection of 5G-compatible devices by prominent smartphone manufacturers, including Apple, Samsung, and Xiaomi.
The Industrial Automation segment exhibits a CAGR of 19.9% during (2024 - 2031). 5G's capabilities, such as low latency, high reliability, and support for massive machine-type communication, made it an ideal solution for enabling real-time monitoring, remote control, and automation of industrial processes. Industries such as manufacturing, logistics, and energy are leveraging 5G-powered automation to increase productivity, reduce downtime, and improve operational efficiency, contributing to the growth of the industrial automation segment in the 5G chipset market.
Full Report: https://www.kbvresearch.com/5g-chipset-market/
The Asia Pacific region dominated the Global 5G Chipset Market by Region in 2023; thereby, achieving a market value of $61.9 billion by 2031. The North America region is experiencing a CAGR of 18.7% during (2024 - 2031). Additionally, The Europe would witness a CAGR of 19% during (2024 - 2031).
By Operational Frequency
By IC Type
By Product
By Industry Vertical
By Geography
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