Dublin, Jan. 17, 2022 (GLOBE NEWSWIRE) -- The "Global 5G Chipset Market is further based on Industry Vertical, Product, Integrated Circuit, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global 5G Chipset Market is estimated to be worth USD 4.85 billion in 2021, and is expected to reach USD 17.11 billion by 2026, growing at a CAGR of 28.67%.
The market is anticipated to witness a growth in demand owing to rapid development in automated devices, drones, home automation devices, autonomous driving, multiuser gaming, videoconferencing, live streaming, telemedicine, and augmented reality. The significant advantages of 5G network would be its low latency and greater bandwidth. Higher bandwidth allows more data to flow through the network, while lower latency enables the time taken to travel from one point to another in the minimum amount of time.
Moreover, other favorable characteristics of 5G include very high coverage, low power consumption for mobile phones and IoT devices, and maximum network availability. An increase in mobile broadband usage is expected to drive the growth of the Global 5G Chipset Market. The demand for higher internet speed by the consumers met by the 5G network and increased demand for mobile data services is expected to boost the Global 5G Chipset Market remarkably.
Moreover, the establishment of the 5G standard requires very high infrastructure cost in the deployment of multiple low-power base stations to meet the growth in demand for higher network capacity. This is expected to restrict the market growth in the early stages.
On the other hand, the integration of 5G services with satellite communication and strategic partnerships with system integrators in developing economies provide lucrative growth opportunities for the market.
The Global 5G Chipset Market is segmented by Industry Vertical, Integrated Circuit, Frequency, Product, and Geography.
By Industry Vertical, the market is segmented into Automotive & Transportation, Energy & Utilities, Building Automation, Healthcare, Retail, Consumer Electronics, Public Safety & Surveillance, and Industrial Automation.
By Integrated Circuit, the market a classified into Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimetre Wave Integrated Circuit (mmWave IC)
By Frequency, the market is classified into Sub-6 GHz, 24-39 GHz, and Above 39 GHz.
By Product, the market is classified into Devices, Customer Premises Equipment, Network Infrastructure Equipment.
By Geography, America is projected to lead the market.
MediaTek introduced its Dimensity 9000 5G, the world first TSMC chip built on the 4nm process, and uses a Cortex-X2 core clocked at up to 3.05Ghz. - 19th November 2021
Qualcomm Technologies launched the new Snapdragon 888+ 5G mobile platform, a successor to the flagship Snapdragon 888 chipset. It offers an increased Qualcomm Kryo 680 CPU Prime core clock speed at up to 3.0 GHz and the 6th generation Qualcomm AI Engine with up to 32 TOPS AI performance. - 28th June 2021
Nokia expands the 5G ReefShark chipset portfolio with Broadcom collaboration. - 15th June 2020
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Advanced Micro Devices
Amazon Web Services (AWS)
Why buy this report?
The report offers a comprehensive evaluation of the Global 5G Chipset Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.
For more information about this report visit https://www.researchandmarkets.com/r/58tkp4
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