5G Chipset Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029
5G Chipset Market: Overview
5G chipsets are meant for next-gen networks in paving the ear of super-fast connectivity of consumer devices, network infrastructure equipment, and premise equipment. The growing application of 5G chipsets in electronic design automation (EDA) software products is boosting the market. The proliferation of use of 5G devices in multimedia and AI applications is a key aspect shaping the research and development avenues in the 5G chipset market. 5G chipsets are being utilized in premium and flagship smartphones. Emerging 5G New Radio initial standards have also shaped the prospects of the market. The focus is on meeting precision high-speed digital interfaces.
Some of the key product types in the 5G chipset market are modem and RFIC, including RF transreceivers. Key end-use industries in the 5G chipset market are telecommunication, mobile devices, automobile, and non-mobile devices.
Some of the application areas where developments in the 5G chipsets market are showing promise are customer premises equipment, small cell, and macro cell base station.
5G Chipset Market: Key Trends
The market proposition for 5G system-on-chips (SoCs) for flagship smartphones has increased. The growing demand for 5G multimode devices is a key trend boosting the prospects in the 5G chipset market. Manufacturing of these chipsets has also received an impetus on the back of high-bandwidth data transmission systems, paving way to 5G mobile platforms. The emergence of new digital interconnect standards is expected to boost the market. The growing demand for smartphones that incorporate on-device AI based on 5G chipsets is a key trend. Rapid penetration of cellular IoT connections is boosting the 5G chipset market.
Emerging 5G networks for IIoT is a key trend bolstering the prospects in the 5G chipsets market. The growing use of graphics-intensive features in smartphones has boosted the adoption of 5G chipsets among phonemakers. The market is also boosted by the growing traction of integrated 5G modem in developing next-gen networks.
5G Chipset Market: Competitive Development Analysis and Key Developments
A globally prominent semiconductor company and U.S. public multinational corporation Qualcomm has sought to consolidate their position in 5G chipset market by unveiling 5G chipsets for low-end 5G device makers. The company has announced in early 2020 that it will release first 5G chipset in the 6-series, the Qualcomm Snapdragon 690 5G Mobile Platform. The new platform is especially designed for on-device AI and is therefore open up new vistas in the 5G chipsets market. Also, the company is leaning on developing 5G platforms that spur the penetration of 5G devices across various industry verticals around the world. To put things in perspective, the company asserted zealously that 5G-powered devices will be accessible to over 2 billion smartphone users globally.
Such developments are looked with enthusiasm. Some of the smartphone makers looking to harness the potential of such platforms in the 5G chipset market are LG Electronics, HMD Global, Motorola, TCL, Wingtech, and SHARP. These companies are also focused on developing 5G mobile platforms with sleek form factors. Some 5G chipset manufacturers are also harnessing the potential of advanced device design-verification testing.
5G Chipset Market: Regional Assessment
North America has emerged as a highly lucrative region in the 5G chipset market. The emergence of the region in the global arena has been propelled by the growing application of 5G chipsets in small cell application and the presence of advanced telecommunication infrastructure. Demand for 5G FWA networks has also accounted for high revenues in the region market.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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