5G Chipset Market is Expected to Reach $22.41 Billion by 2026
June 28, 2018 | PRNewswireEstimated reading time: 1 minute
According to the new market research report on 5G chipset, the 5G chipset market is expected to be worth $2.03 billion in 2020 and is likely to reach $22.41 billion by 2026, at a CAGR of 49.2% from 2020 to 2026. The growth of the 5G chipset market can be attributed to the growing demand for high-speed internet and broad network coverage with reduced latency and power consumption and increasing M2M/IoT connections. However, high hardware cost involved in terrestrial network densification is restraining the growth of the 5G chipset market.
Sub-6 GHz to hold largest market share from 2020 to 2026
Sub-6 GHz operational frequency is expected to account for the largest market share from 2020 to 2026. The wide availability of this frequency band and the ability to cater to multiple 5G use cases are likely to be the prime factors driving the adoption of this spectrum.
5G chipset market for automotive & transportation to witness highest growth between 2020 and 2026
The 5G chipset market for the automotive & transportation end-user industry is expected to grow at the highest CAGR during the forecast period. 5G can allow system and application developers to develop a wide range of applications; the major applications include vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N). These applications of 5G would further help in the development of other applications, such as automated driving, digital logistics, and intelligent navigation.
5G chipset market in APAC to grow at highest CAGR
This report covers the 5G chipset market in North America, Europe, APAC, and RoW.High demand for advanced technologies such as connected cars, machine-to-machine communication, and artificial intelligence will offer huge opportunities for the growth of the 5G chipset market in North America.
The growth of on-demand video services and IoT will drive the growth of the market in APAC.Moreover, in APAC, the 5G chipset market has huge opportunities in smart cities.
Various countries in Asia have either initialized the implementation of smart city projects or are in the planning phase. China is the biggest marketplace in APAC for the development of smart cities.
Suggested Items
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.