The global 5G chipset market size is estimated to reach USD 21,786.21 million by 2025, exhibiting a CAGR of 69.7% from 2020 to 2025, according to a new study by Grand View Research.
The rapidly rising demand for ultra-reliable and low-latency data networks capable of delivering seamless connectivity is estimated to boost the market growth over the forecast period. As such, 5G chipset is turning out to be an integral part of modern telecommunication equipment. 5G chipset can be found in the latest smartphones, laptops, base stations, modems, and routers. These chipsets are also being installed in connected vehicles deployed as part of autonomous vehicle systems to provide improved Vehicle-to-Everything (V2X) connectivity.
The smartphones/tablets segment is estimated to reach USD 627.07 million by 2019 owing to the initial focus on developing 5G chipset components for smartphones applications, such as UHD video, augmented reality (AR) gaming, and virtual reality (VR) gaming, among others.
Key market players are increasingly focusing on developing new 5G chipset components, such as multi-mode chipsets and single-mode standalone chipsets, as part of the strategy to expand the product portfolio and strengthen the foothold in the market. Key players in the 5G chipset market include Qualcomm, Intel, Huawei, Samsung, MediaTek, Unisoc Communications, Xilinx, Qorvo and Infineon Technologies, among others.
