01 April 2021
Visiongain has published a new report on 5G Chipset Market Report to 2031: Forecasts By IC Type (Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC), Millimeter Wave Integrated Circuit (mmWave IC)), By Operational Frequency (Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz), By Product (Devices, Customer Premises Equipment (CPE), Network Infrastructure Equipment), By Industry Vertical (Healthcare, Manufacturing, Energy & Utilities, Retail, Media & Entertainment, Automotive & Transportation, Others). PLUS, Profiles of 5G Chipset Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global 5G chipset market was valued at US$ XX billion in 2019 and is projected to reach a market value of US$ XX billion by 2031.
Growing demand for high-speed Internet and broad network coverage and rising demand for mobile data service are the factors driving the growth of 5G chipset market. The market seeks growth opportunities from the integration of 5G services with satellite communications and increasing M2M/IoT connections. However, the high cost of hardware and fragmented spectrum allocation are some of the factors hampering the market growth during the forecast period.
COVID-19 Impact on 5G Chipset Market
The outspread of coronavirus in the past few months has affected the businesses and livelihood of the people at an unprecedented rate. Following the guidelines set by the World Health Organization (WHO), the governments of almost all the countries across the globe have imposed nationwide lockdown to minimize the further spread of the virus. Owing to the lockdown, all the factories, as well as enterprises, have been shut due to which the production of 5G chips has been hampered. Moreover, disruptions in the supply chain owing to the trade restrictions have further impacted the market tremendously. The business impact of the virus is so significant that the commercialization of the 5G networks is postponed across the countries which were on the verge of rolling out 2020. Also, the economic downturn has restricted the enterprises on minimizing the spend on R&D activities and IT activities, which is further expected to hamper the market growth. The market is expected to gain traction by the Q1 2021.
Growing Demand for High-Speed Internet and Broad Network Coverage
The new and innovative services such as gaming, online music platform, social media platforms, and on-demand video content which have been witnessing tremendous demand require high-speed Internet connectivity to offer an enhanced and seamless end-user experience. The need for high-speed data rate and reduced latency is driving the market for 5G chipsets. Moreover, with high focus on digitalization governments of developing countries are focussed on developing network infrastructure, which is capable of offering network connectivity across a broader network. Thus, the elevated demand for 5G networks and the related supporting devices is further expected to drive the market growth.
Rising Demand for Mobile Data Service
Mobile data services are experiencing a remarkable growth leading to a considerable rise in data traffic. This high volume of data traffic is driven by rising penetration of smartphones which allows the connection to high-speed Internet for consuming Internet-based services such as on-demand videos and music. Moreover, the availability of new and innovative Internet-based services such as gaming, music platform, social media platforms, and video content has increased the demand for mobile data services which is expected to drive the demand for 5G network and chipsets.
Integration of 5G Services with Satellite Communications
The demand for 5G technology is increasing across the various parts of the globe. In some of the cases, the need for 5G capacity is exceeding the infrastructure capabilities. Integration of 5G networks with satellite communication technology allows managing autonomous vehicles, aeroplanes, and other IoT devices. 5G integrated satellite communications offer seamless and broad network coverage across the globe to provide an enhanced wireless experience. Thus, the 5G integrated satellite communication technology is expected to create growth prospects for 5G chipsets during the forecast period.
Increasing M2M/IoT Connections
The number of connected devices is growing at a tremendous rate. According to a study by Cisco Systems Inc., the number of devices connected to internet protocol (IP) network will be three times the global population estimated to reach 29.3 billion network devices by 2023. The IoT and M2M technology require a high speed, stable and reliable communication network with high bandwidth for the data transmission. 5G is expected to offer speed up to 10 times faster when compared to the 4G LTE network to allow seamless communication and data transfer rate, thereby driving the demand for 5G network and devices.
The 5G chipset market is highly competitive. The key market players are highly focused on the research and development activities to develop innovative 5G chipsets which consume low power and minimize the overall size of the base station or the device to offer a seamless and reliable network. Furthermore, the companies also emphasize collaborations and acquisitions strategies to strengthen its product capabilities and position in the market. Some of the companies profiled in the report include Qualcomm Technologies Inc., Intel Corporation, IBM Corporation, Nokia Corporation, Samsung Electronics, Xilinx, Qorvo, Infineon Technologies, Integrated Device Technology, and Huawei Technologies Co. Ltd.
February 2019, Samsung Electronics launched RF Chipsets for 5G Base Stations. The core components of the chipsets include mmWave Radio Frequency Integrated Circuits (RFICs) and Digital/Analog Front End (DAFE) ASICs which are supporting 28GHz and 39GHz bands. Samsung claims that the new chipsets are expected to reduce the size, power consumption, and weight of the 5G base station by 25%.
January 2019, Huawei Technologies Co. Ltd. launched a core chip which is designed specifically for 5G base stations, Huawei TIANGANG. The new chip supports simplified 5G networks and large scale 5G deployments across the globe.
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