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5G Chipsets Market
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5G Chipsets Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS1201003, Published - November 2024

Segmented in Type (Modem, RFIC, Baseband Processor, mmWave Chipset), Deployment Type (Standalone, Non-Standalone), Application and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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5G Chipsets Market Outlook

The use of 5th generation chipsets plays a role in advancing mobile networks with faster data speeds and enhanced connectivity for devices in various industries and sectors. By 2021 the market value of 5th generation chipsets was around USD 38 billion; it is projected to hit USD 148 billion by 2030 and possibly soar to USD 389 billion by 2035 at a growth rate of about 21%. This notable expansion is fueled by the spread of 5th generation networks and the growing need for speedy connections, in IoT and self operating systems.


Specialized 5th generation (5G) chipsets are crafted to manage the data processing and communication needs of 5G networks for improving the functionality of devices such as phones and Internet of Things (IoT) devices.They come in formats like modems and mmWave processors to cater to various frequency bands and deployment scenarios.The bandwidth and minimal delay of 5G chipsets play a crucial role in facilitating instant communication across applications, like smart urban areas and industrial automation projects.


Market Size Forecast & Key Insights

2018
$38.3B2023
2028
$264B2033

Absolute Growth Opportunity = $226B

The 5G Chipsets market is projected to grow from $38.3 billion in 2023 to $264 billion in 2033. This represents a CAGR of 21.3%, reflecting rising demand across Smartphones, IoT Devices and Connected Vehicles.

The 5G Chipsets market is set to add $226 billion between 2023 and 2033, with manufacturer targeting RFIC & Baseband Processor Type projected to gain a larger market share.

With Expansion of 5g networks globally, and Increased adoption in iot and smart cities, 5G Chipsets market to expand 590% between 2023 and 2033.

Opportunities in the 5G Chipsets Market

Emerging Markets Adoption

Countries such as India and Brazil offer prospects, for the expansion of 5th generation (5G) chipsets as they embark on the rollout of 5G networks.

Development of Energy-Efficient Chipsets and Integration with AI and Edge Computing

Businesses are developing energy saving 5th generation chipsets to prolong the battery life of smartphones and Internet of Things gadgets while improving their user experience.

By integrating 5th generation chipsets with AI functionalities and edge computing technologies in devices could enhance their performance significantly. This could lead to exploring new applications in industries such as healthcare and manufacturing.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The Asia Pacific region is observing a rise in the use of 5G technology chips with a particular focus in China and Japan along with South Korea leading the trend. Huawei and Samsung are both broadening their range of 5G services to keep up with the growing need in gadgets for consumers as well as, in smart city projects and industrial Internet of Things applications.

North America Outlook

5th generation chipset market within telecommunications technology segment; North America takes the lead due to its network infrastructure and significant consumer electronics and automotive industry demands. Industry leaders such as Qualcomm and Intel are leading the way, in innovation. Contributing to a fiercely competitive market landscape.

North America Outlook

5th generation chipset market within telecommunications technology segment; North America takes the lead due to its network infrastructure and significant consumer electronics and automotive industry demands. Industry leaders such as Qualcomm and Intel are leading the way, in innovation. Contributing to a fiercely competitive market landscape.

Asia-Pacific Outlook

The Asia Pacific region is observing a rise in the use of 5G technology chips with a particular focus in China and Japan along with South Korea leading the trend. Huawei and Samsung are both broadening their range of 5G services to keep up with the growing need in gadgets for consumers as well as, in smart city projects and industrial Internet of Things applications.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, China, South Korea, Japan, Germany are expected to grow at 20.4% to 29.8% CAGR

2

Emerging Markets : India, Brazil, United Arab Emirates are expected to grow at 16.0% to 22.2% CAGR

Market Analysis Chart

The growth of the 5th generation chipset market is fueled by the expansion of 5G networks and advancements in the Internet of Things (IoT). Although challenges such as production costs and security concerns persist in this sector; innovations in energy efficient chipsets and their increasing adoption in developing markets offer promising prospects, for industry growth.

Recent Developments and Technological Advancement

October 2023

Qualcomm has unveiled its 5g modem designed for smartphones that promises improved power efficiency and faster download speeds.

July 2023

Intel collaborated with a car company to incorporate 5th generation chipsets into self driving cars.

April 2023

Huawei has introduced a 5th generation chipset designed specifically for use in Internet of Things (IoT) applications, within smart city setups.

Advancements in the 5G chip market showcase notable progress in effectiveness and usage scenarios explored by various companies recently; Qualcomms latest modem focuses on enhancing power efficiency for smartphones; Intels partnership with the automotive sector showcases the promising capabilities of 5G technology in connected cars; and Huaweis chip designed for the Internet of Things (IoT) highlights the increasing importance of 5G in powering smart city solutions.

Impact of Industry Transitions on the 5G Chipsets Market

As a core segment of the Semiconductor industry, the 5G Chipsets market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Private 5G Networks and Advancement in Low-Latency Applications have redefined priorities across the Semiconductor sector, influencing how the 5G Chipsets market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Private 5G Networks:

More and more businesses are turning to 5th generation networks to ensure safe and fast connectivity, for industrial Internet of Things (IoT) and smart manufacturing purposes.

2

Advancement in Low-Latency Applications:

The use of 5th generation chips is making it possible, for processes that demand minimal delay to be done remotely like surgery and self driving cars.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Semiconductor industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Semiconductor industry cascade into the 5G Chipsets market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Expansion of 5G Networks Globally, and Advancements in mmWave Technology

As countries around the globe deploy 5th generation (5G) networks infrastructure rapidly expands the demand for chipsets thatre compatible with 5G technology to power devices in various industries.
Advancements in Millimeter Wave Technology enable data speeds and wider bandwidth capabilities. This improvement boosts the performance of 5G networks in city areas and fuels the need, for mmWave chipsets.
The increasing popularity of technology and the implementation of smart city initiatives are also fueling the demand for advanced 5G chipsets that can also facilitate fast and reliable connections, in high traffic areas.

Restraint: High Production Costs, and Security Concerns

Manufacturing advanced processes are needed for chipsets which can hike up costs and possibly make them less affordable.
As the reach of 5th generation networks grows wider and broader in scope worries about safeguarding data privacy and addressing security vulnerabilities emerge as obstacles, to market growth.

Challenge: Compatibility Issues

Making sure that 5th generation chipset works well with network setups can be quite tricky and may hinder the pace of its adoption.

Supply Chain Landscape

Semiconductor Manufacturer

Produces the core components like baseband processors and RFICs

Chip Assembly and Testing


Device Integrator
Chipset integration into consumer devices such as smartphones, tablets, and IoT devices
End-User
Telecommunications / Automotive / Healthcare
Semiconductor Manufacturer

Produces the core components like baseband processors and RFICs

Chip Assembly and Testing


Device Integrator

Chipset integration into consumer devices such as smartphones, tablets, and IoT devices

End-User

Telecommunications

Automotive

Healthcare

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Smartphones
Consumer Electronics
Qualcomm
Developing power-efficient 5G modems for improved battery life
Connected Vehicles
Automotive
Intel
Collaborating with automotive firms to integrate 5G for autonomous driving
IoT Devices
Smart Cities
Huawei
Providing tailored 5G chipsets for high-density IoT applications
Industrial Automation
Manufacturing
Nokia
Designing 5G solutions for real-time control in industrial settings

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the 5G Chipsets market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of 5G Chipsets in Smartphones, IoT Devices and Connected Vehicles

Smartphones

The new technology in smartphones that's responsible for fast downloads and live streaming, is the 5G chipsets powered connectivity system. Qualcomm and MediaTek are leading in the production of these chipsets.

IoT Devices

The chips for high density connections in Internet of Things (IoT) networks are very useful for cities and industrial IoT applications. The Exynos series from Samsung and the Snapdragon platforms by Qualcomm are choices, in the IoT chipset market.

Connected Vehicles

5th generation chipsets in the industry are revolutionizing communication by significantly reducing delays for autonomous driving and interactions between vehicles and everything else (V2X). Companies, like Intel and Huawei are actively working together to create 5th generation chipsets tailored specifically for vehicles to enhance connectivity in the automotive sector.

5G Chipsets vs. Substitutes:
Performance and Positioning Analysis

Even though 4g lte and Wi Fi modules are easily options 5g chipsets stand out for their incredible speed and capacity to handle data heavy tasks making them crucial for upcoming connectivity needs. Despite choices available the market for 5g chipsets is expanding steadily because of their top notch performance, in real time applications.

5G Chipsets
  • 4G LTE Chipsets /
  • Wi Fi Modules /
  • Ethernet Controllers
    Enhanced Speed and Connectivity
    Higher Production Costs
    Established Technology
    Limited to Lower Bandwidth Applications

5G Chipsets vs. Substitutes:
Performance and Positioning Analysis

5G Chipsets

  • Enhanced Speed and Connectivity
  • Higher Production Costs

4G LTE Chipsets / Wi Fi Modules / Ethernet Controllers

  • Established Technology
  • Limited to Lower Bandwidth Applications

Even though 4g lte and Wi Fi modules are easily options 5g chipsets stand out for their incredible speed and capacity to handle data heavy tasks making them crucial for upcoming connectivity needs. Despite choices available the market for 5g chipsets is expanding steadily because of their top notch performance, in real time applications.

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Research Methodology

This market research methodology defines the 5G Chipsets market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Semiconductor ecosystem, we analyze 5G Chipsets across Smartphones, Connected Vehicles, and IoT Devices Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Qualcomm, MediaTek, and Samsung by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Semiconductor Manufacturer, Chip Assembly and Testing, and Device Integrator. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Semiconductor revenues to estimate the 5G Chipsets segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Semiconductor Manufacturer (Produces the core components like baseband processors and RFICs), Chip Assembly and Testing ({Component 1}, {Component 2}), and Device Integrator. Our parallel substitute analysis examines 4G LTE Chipsets, Wi Fi Modules, and Ethernet Controllers, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Qualcomm, MediaTek, and Samsung, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the 5G Chipsets market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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5G Chipsets Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 46.5 billion
Revenue Forecast in 2033USD 264 billion
Growth RateCAGR of 21.3% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 202338.3 billion
Growth OpportunityUSD 226 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202338.3 billion USD
Market Size 202668.4 billion USD
Market Size 2028100 billion USD
Market Size 2030148 billion USD
Market Size 2033264 billion USD
Market Size 2035389 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Deployment Type, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledQualcomm, MediaTek, Samsung, Intel, Huawei, Broadcom, Ericsson, Nokia, ZTE, Skyworks, Xilinx and Murata Manufacturing
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

5G Chipsets Market Size, Opportunities & Strategic Insights, by Type

4.1Modem
4.2RFIC
4.3Baseband Processor
4.4mmWave Chipset
Chapter 5

5G Chipsets Market Size, Opportunities & Strategic Insights, by Deployment Type

5.1Standalone
5.2Non-Standalone
Chapter 6

5G Chipsets Market Size, Opportunities & Strategic Insights, by Application

6.1Smartphones
6.2Connected Vehicles
6.3IoT Devices
6.4Broadband Access Gateways
6.5Industrial Automation
Chapter 7

5G Chipsets Market, by Region

7.1North America 5G Chipsets Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe 5G Chipsets Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific 5G Chipsets Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa 5G Chipsets Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America 5G Chipsets Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS 5G Chipsets Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1Qualcomm
8.2.2MediaTek
8.2.3Samsung
8.2.4Intel
8.2.5Huawei
8.2.6Broadcom
8.2.7Ericsson
8.2.8Nokia
8.2.9ZTE
8.2.10Skyworks
8.2.11Xilinx
8.2.12Murata Manufacturing