The 5G chipset market is expected to grow from USD 12.8 billion in 2020 to USD 67.2 billion by 2027, at a CAGR of 26.7%. The major factors driving the growth of the 5G chipset market are the growing demand for high-speed internet and broad network coverage, increasing cellular IoT connections, and an increase in mobile data traffic. However, the high cost of the 5G chipset is expected to restrain the growth of the market.
In 2019, the 5G chipset market for modems was dominated by Qualcomm (US), Huawei (China), Samsung Electronics (South Korea), MediaTek (Taiwan), and UNISOC (China). The 5G chipset market for RFIC was dominated by Skyworks (US), Qorvo (US), Qualcomm (US), Analog Devices (US), and Broadcom (US). The major strategies adopted by the top 5 players in the 5G chipset market included product launches and developments, partnerships, and collaborations, which helped them to innovate on their product offerings, cope up with the COVID-19 outbreak and broaden their customer base.
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Top 2 players in the 5G chipset Market are:
Qualcomm (US)
Qualcomm is a leader in the development and commercialization of foundational technologies for the wireless industry. The technologies and products provided by the company are used in mobile devices and other wireless products, such as network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices. The company also provides its technologies and products to various industry segments and applications beyond mobile, such as automotive, computing, Internet of Things (IoT), and networking.
Skyworks (US)
Skyworks has worked with 3GPP since 2015 to develop 5G standards. Its portfolio of RF components includes amplifiers, switches, tuners, and filters. Skyworks has majorly focused on launching RF-based devices to exploit opportunities in the telecommunications sector. It has launched the Sky5 suite of solutions for 5G applications to empower the 5G revolution.
Related Reports:
5G Chipset Market with COVID-19 Impact by Type (Modem, RFIC), Frequency (Sub-6 GHz, 24- 39 GHz, Above 39 GHz), End-Use (Telecommunication Infrastructure, Mobile Devices, Non-mobile Devices, Automobile), Process Node & Geography - Global Forecast to 2027
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