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According to an announcement released by Markets and Markets, an international market research institution, the global 5G chipset market is expected to reach $12.
8 billion in 2020, and this data will increase to $67.
2 billion by 2027, with a compound annual growth rate of 26.
7%.
The major factors driving the growth of the 5G chipset market are the growing demand for high-speed internet and wide network coverage, increasing cellular IoT connectivity, and growth
in mobile data traffic.
However, at the same time, the high cost of 5G chipsets is expected to have a certain limiting effect on the growth of the market
.
From the perspective of chipset size, it is mainly divided into three types
: less than 10 nm, 10-28 nm and greater than 28 nm.
Some of the main process nodes that manufacture 5G chipset components such as modems and RFICs include 5 nm, 7 nm, 10 nm, 14 nm, 28 nm, 45 nm, 60 nm, etc
.
5G chipsets with process nodes between 10 and 28 nm mainly consist of baseband processors
for 5G infrastructure and RFIC components.
10 to 28 nm is expected to account for the largest share
of the 5G chipset market during the forecast period.
From 2020 to 2027, 24-39 GHz will grow
at the highest CAGR in the 5G chipset market.
Also known as the mmWave band, this band is capable of providing ultra-high-speed mobile broadband 5G services
.
This spectrum is likely to play a key role
in supporting the rapidly growing growth of mobile data traffic.
The high bandwidth offered by this spectrum and the increasing participation of telecom service providers in this spectrum are driving growth
in the 24-39 GHz band.
From the perspective of the application market, mobile devices will account for the largest share
of the 5G chipset market during the forecast period.
For example, smartphones and tablets will be the main attraction
of the consumer electronics market for 5G networks.
With the implementation of 5G networks, customers can access and download data
at high speed.
In 5G smartphones, ASICs
that support 5G are implemented.
Increasing use of smartphones to drive demand for 5G chipsets; However, chipset manufacturers are also developing 5G chipsets
for other mobile devices.
From the perspective of the regional market, Asia Pacific will witness the highest CAGR of the 5G chipset market during the forecast period
.
The growth of the 5G chipset market in the Asia-Pacific region is mainly driven
by the growth of 5G-related developments such as R&D activities, investments, and partnerships between companies in countries such as Japan, China, and South Korea.
At present, 9 countries in the region have already launched 5G services, and another 12 countries plan to roll out
in the near future.
China is one of the major countries involved in the development of
5G network infrastructure.
According to an announcement released by Markets and Markets, an international market research institution, the global 5G chipset market is expected to reach $12.
8 billion in 2020, and this data will increase to $67.
2 billion by 2027, with a compound annual growth rate of 26.
7%.
The major factors driving the growth of the 5G chipset market are the growing demand for high-speed internet and wide network coverage, increasing cellular IoT connectivity, and growth
in mobile data traffic.
However, at the same time, the high cost of 5G chipsets is expected to have a certain limiting effect on the growth of the market
.
From the perspective of chipset size, it is mainly divided into three types
: less than 10 nm, 10-28 nm and greater than 28 nm.
Some of the main process nodes that manufacture 5G chipset components such as modems and RFICs include 5 nm, 7 nm, 10 nm, 14 nm, 28 nm, 45 nm, 60 nm, etc
.
5G chipsets with process nodes between 10 and 28 nm mainly consist of baseband processors
for 5G infrastructure and RFIC components.
10 to 28 nm is expected to account for the largest share
of the 5G chipset market during the forecast period.
From 2020 to 2027, 24-39 GHz will grow
at the highest CAGR in the 5G chipset market.
Also known as the mmWave band, this band is capable of providing ultra-high-speed mobile broadband 5G services
.
This spectrum is likely to play a key role
in supporting the rapidly growing growth of mobile data traffic.
The high bandwidth offered by this spectrum and the increasing participation of telecom service providers in this spectrum are driving growth
in the 24-39 GHz band.
From the perspective of the application market, mobile devices will account for the largest share
of the 5G chipset market during the forecast period.
For example, smartphones and tablets will be the main attraction
of the consumer electronics market for 5G networks.
With the implementation of 5G networks, customers can access and download data
at high speed.
In 5G smartphones, ASICs
that support 5G are implemented.
Increasing use of smartphones to drive demand for 5G chipsets; However, chipset manufacturers are also developing 5G chipsets
for other mobile devices.
From the perspective of the regional market, Asia Pacific will witness the highest CAGR of the 5G chipset market during the forecast period
.
The growth of the 5G chipset market in the Asia-Pacific region is mainly driven
by the growth of 5G-related developments such as R&D activities, investments, and partnerships between companies in countries such as Japan, China, and South Korea.
At present, 9 countries in the region have already launched 5G services, and another 12 countries plan to roll out
in the near future.
China is one of the major countries involved in the development of
5G network infrastructure.
