The 5G chipset is the principal component in consumer devices, customer premise equipment, and network infrastructure equipment, which allows the end-user to form the wireless network based on the 5G standard. The proliferation of devices connected through the Internet constituted the demand for an entirely new wireless infrastructure called 5G. Fifth-generation wireless (5G) is described as the next generation of mobile networks beyond the current 4G LTE mobile network. These networks are expected to expand broadband wireless services beyond Mobile Internet to the Internet of Things (IoT) and critical communication segments to enable a perceived fully ubiquitous connected world. The global 5G chipset market is estimated to grow with 38.83 % CAGR during the forecasting years of 2019-2027. The market is anticipated to grow to $24,335 million in 2027. The base year considered for the study is 2019 and the estimated period is between 2019 and 2027. The growth of this market is driven by the following factors:

• The growth in the Internet of Things and mobile to mobile connections
• The upsurge in demand for mobile broadband services

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The most important driver is the upsurge in demand for mobile broadband services. According to the International Telecommunications Union, 70% of the total global youth (15-24 y.o.) population are accessing the Internet. Also, in developed countries, 90% of the total young population is using the internet. Mobile broadband subscriptions grew with the annual growth rate of more than 20% in the last six years and reached 4.3 billion globally by the end of 2017. This huge adoption in mobile broadband services was due to the affordable price. The average subscription price of mobile broadband was 0.7% of the Gross National Income (GNI) per capita in the developed economies while it was 4.3% of the world GNI per capita in the under-developed economies.

The largest segment by industry vertical is consumer electronics. Consumer electronics or home electronics are electric equipment that can be used every day. These include devices for entertainment purposes, communication facilities, and home-office activities. The main products of consumer electronics include televisions, personal commuters, digital camera, video game consoles, and smartphones. The rise in demand for consumer electronics such as smart televisions, smartphones, and other electronics offer lucrative opportunities for 5G chipset market, globally. The fastest growing market belongs to that of the automotive & transportation, which is expected to be affected widely with the introduction of the 5G chipset. The autonomous vehicles are expected to be a reality in the coming years with the help of emerging 5G technologies. The current 4G network is compatible for sharing status updates, real-time information, and request rides. This provides a compatible platform for companies, such as Uber and Lyft. However, 4G cannot support technologies that need high speed and give vehicles spontaneous human-like reflexes. This is where 5G comes in to picture. Semiconductor giants such as Intel and Qualcomm, are creating chips which help vehicles convert themselves into data centers on wheels helping autonomous vehicles to make on-site, complex, and real-time decisions.

The restraints & challenges for 5G chipset market will be the technological challenges, high infrastructure costs, and certain security concerns. The most crucial restraint had been the high infrastructure cost for the 5G chipsets. Sufficient amount of capital investments are required for the widespread deployment of low-power base stations (small cells). According to the Regulatory Authority for Electronic Communications and Posts, at least ten small cells per macro base station in the urban area are required to cater to the demand and further enable the introduction of 5G. Therefore, this infrastructure cost in the implementation of 5G network restricts the production of 5G chipsets to some extent.

The report on global 5G chipset includes segmentation on the basis of type, offerings, and vertical.

Type of IC is sub-segmented into:

• ASIC
• RFIC
• Cellular IC
• mmWave IC

Operational Frequency is sub-segmented into:

• Sub 6 GHz
• Between 26 & 39 GHz
• Above 39 GHz

Product is sub-segmented into:

• Devices
• Customer Premises Equipment
• Network Infrastructure Equipment

Industry Vertical is sub-segmented into:

• Automotive & Transportation
• Energy & Utilities
• Healthcare
• Retail
• Consumer Electronics
• Industrial Automation
• Others

Geographically, the global 5G Chipset market has been segmented on the basis of four major regions, which includes:

• 5G Chipset North America Market: the United States & Canada
• 5G Chipset Europe Market: Germany, Russia, the United Kingdom, Spain, Italy, France and Rest of Europe
• 5G Chipset Asia Pacific Market: China, India, Japan, South Korea, Australia and Rest of Asia Pacific
• Rest of World: Latin America, Middle East & Africa

The Asia Pacific is the largest and fastest growing region. The key countries in Asia-Pacific such as China, South Korea, Japan, and India have received funding from the government for 5G technology. The research in China, initiated by the government and jointly conducted through industry-academia partnerships, is in the initial stages. Whereas, the ones in South Korea and Japan have gained results such as communication test network for 5G, established by Nippon Telegraph & Telephone (NTT) and Samsung Electronics with 10 to 1 Gbps transmission rates in 11 GHz and 28 GHz carrier frequencies, respectively.

The major market players of the global 5G chipset market are:

• Huawei Technologies Co., Ltd.
• Intel Corporation
• Mediatek Inc.
• Qualcomm Technologies, Inc.
• Others

Company profiles covers analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in February 2019, Mediatek collaborated with 5G component suppliers and device makers to deliver a complete, standards-based and optimized 5G solution. Companies collaborating with MediaTek on radio frequency (RF) technology include Oppo, Vivo and top-tier RF suppliers, like Skyworks, Qorvo and Murata.

In March 2019, Nokia signed a five-year deal with U.S. Cellular to modernize the company’s network by providing its end-to-end 5G technology, software, and services solutions. In March 2019, France Brevets, IMT, and EURECOM announced a joint agreement with Qualcomm Incorporated to foster research into new technologies for future 5G standards. In February 2019, Qorvo announced that it had shipped over 100 million 5G wireless infrastructure components since January 2018.

Key findings of the global 5G chipset market are as follows:

• The gaming industry will be influenced dramatically by the growth in 5G technology
• Autonomous driving technology will get a boost due to the 5G technology
• Remote robotic surgery will show disrupting trends due to growth in 5G technology