5G Chipset Market is anticipated to reach CAGR of 44.4% by US$ 8,674.0 Mn by 2027- Huawei Technologies Co. Ltd, International Business Machines Corporation, Nokia Corporation

The 5G chipset market in the Asia Pacific is expected to grow from US$ 321.9 Mn in 2019 to US$ 8,674.0 Mn by the year 2027, with a CAGR of 44.4% from the year 2019 to 2027.

Driving factors such as a rise in demand for a reliable communication network and rapid growth in the developments of smartphones are driving the growth of the 5G chipset market. Further, encouraging government investments to develop 5G technology is expected to facilitate significant growth opportunities for the 5G chipset market. The adoption of smartphone adoption continues to expand globally. This is fuelled by the multimode 3G/4G LTE connectivity, robust mobile processors, advanced features of multimedia, and superior location awareness capabilities, among other features. Approximately 1.5 billion smartphones were shipped in 2017, globally, which is consistent year-over-year. Most of the growth is projected in the emerging regions, where smartphones account for approximately 70% of the total handset shipments. Further, growth in the smartphone demand has also been driven by a variety of affordable and flexible data plans that are being offered by mobile operators. Smartphone has become prominently in-demand for social networking, gaming, music, email, and web browsing, among other functionalities. It is anticipated that the 5G connectivity would further drive innovations and would increase consumer demand by offering enhanced connectivity. This is expected to proliferate the market for 5G chipset.

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5G Chipset Market - Top Keyplayers are Broadcom, Inc., Huawei Technologies Co., Ltd.,  International Business Machines Corporation, Infineon Technologies AG, Mediatek Inc., Nokia Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd., Telefonaktiebolaget Lm Ericsson, Xilinx, Inc.

On the basis of operation frequency, the 5G chipset market is segmented into sub-6 GHz, between 26 and 39 GHz, and above 39 GHz. The 5G network is expected to bring convenience to the next generation. The network providers and chip manufacturers are seeking forward to conduct test trials for the broad spectrum of bands. With the higher frequency of the band, the internet connection would be higher. Continuous advents made in IoT has led to increasing its adoption in the enterprise application such as healthcare, manufacturing, and many more. The sub-6 GHz segment led the 5G chipset market in 2019 and is anticipated to dominate the market in the forecast period.

China dominated the 5G chipset market in 2019 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. Strong backing from the government is helping propel 5G in China. For instance, 5G is quoted amongst the strategic priority in the list of government’s 13th Five-year Plan. The government has awarded grants to technology heavyweights such as Huawei and ZTE, which has received nearly US$72 Mn for the 5G technological development. The country’s largest telecommunication providers projects to spend around US$ 411 Bn to roll out 5G by 2030. Also, the IIoT is expected to be a 5G’s most vital use case in assisting China’s “Made in China 2025” initiative. Moreover, the Ministry of Industry and Information Technology (MIIT) of China has sanctioned the testing of 5G technology by using 4.8-5.0 GHz, 24.75-27.5 GHz, and 37-42.5 GHz spectrum bands.

ASIA PACIFIC 5G CHIPSET MARKET SEGMENTATION

By Product

  • Devices
  • Customer Premises Equipment
  • Network Infrastructure Equipment

By End-User

  • Automotive & Transportation
  • Energy & Utilities
  • Healthcare
  • Retail
  • Building Automation
  • Industrial Automation
  • Consumer Electronics
  • Public Safety & Surveillance

By Country

  • Australia
  • South Korea
  • China
  • India
  • Japan
  • Rest of APAC

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Table of Content :

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Asia Pacific 5G Chipset Market – By Operation Frequency

1.3.2        Asia Pacific 5G Chipset Market – By Product

1.3.3        Asia Pacific 5G Chipset Market – By End-User

1.3.4        Asia Pacific 5G Chipset Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           5G Chipset Market Landscape

4.1         Market Overview

4.2         PEST Analysis – Asia Pacific

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           5G Chipset Market – Key Industry Dynamics

5.1         Key Market Drivers

5.1.1        Rise in demand for a reliable communication network

5.1.2        Rapid growth in the developments of smartphones

5.2         Key Market Restraints

5.2.1        Concerns around spectrum harmonization for 5G globally

5.3         Key Market Opportunities

5.3.1        Encouraging Government investments to develop 5G technology

5.4         Future Trends

5.4.1        New use cases related to industrial, enterprise and residential sector

5.5         Impact Analysis of Drivers and Restraints

6.           5G Chipset Market – Asia Pacific Market Analysis

6.1         Overview

6.2         Asia Pacific 5G Chipset Market Revenue and Forecasts To 2027 (US$ Mn)

To Be Continued...

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Posted by on Thursday December 05 2019, 2:59 AM EDT. All trademarks acknowledged. Filed under Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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