The 5G Chipset Market is expected to grow at a CAGR of 49.2% between 2020 and 2026, from USD 2.03 Billion in 2020 to USD 22.41 Billion by 2026. Growing demand for high-speed internet and broad network coverage with reduced latency and power consumption is supplementing the growth of the 5G chipset market.5G is the next-generation wireless network technology that promises to deliver more data to more devices with lower latency and higher consistency than previous-generation technologies. 5G chipsets are poised to become an integral part of the much-anticipated 5G-enabled products, such as smartphones, tablets, laptops, C-V2X devices, and routers.
The 5G chipset market is gaining momentum as a result of organic as well as inorganic growth strategies followed by players operating in this market. Product launch is the most prominent growth strategy adopted by players in this market. Product developments and launches are mainly focused on the development of low-cost, less-power-intensive, latest 3GPP’s non-stand-alone standard-compliant chipsets with small form factor. Moreover, companies adopted collaborations and strategic partnerships as key growth strategies in the 5G chipset market. The key players following these strategies are Qualcomm (US), Intel (US), Nokia (Finland), Samsung Electronics (South Korea), Integrated Device Technology (US), Infineon Technologies (Germany), Qorvo (US), and Xilinx (US), among others.
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Qualcomm (US) is an important player in the 5G chipset market. It has strong expertise in 3G, 4G, and Wi-Fi, which has helped the company develop chipsets for 5G. Qualcomm has been a leader in the mobile processor market and is likely to dominate the 5G market as well in the future. Qualcomm has also collaborated with industry leaders to drive and implement 3GPP 5G New Radio (NR) standardizations along with field trials. In the past 2 years, Qualcomm has significantly demonstrated its strong inorganic growth strategy. In February 2018, Qualcomm announced that its Qualcomm Snapdragon X50 5G modem has been selected for use in live, over-the-air mobile 5G NR trials with multiple global wireless network operators in both the sub-6 GHz and millimeter wave (mmWave) spectrum bands. AT&T, British Telecom, China Telecom, China Mobile, China Unicom, Deutsche Telekom, KDDI, KT Corporation, LG Uplus, NTT DOCOMO, Orange, Singtel, SK Telecom, Sprint, Telstra, TIM, Verizon, and Vodafone Group will conduct the trials, which will be based on the 3GPP Release 15 5G NR standard.
Intel (S) is among the key players involved in the development of 5G chipsets. The company offers 5G chipset modems and embedded chipset-based small cells to support the initial network trial. The company has dominated the market for microprocessors for several years and now intends to develop itself in the cellular chip market. The latest release of XMM 8000 series of modems, along with partnership with network operators and cellular device OEMs, is expected to improve its position in the 5G chipset market in the coming years.
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