5G CHIPSET MARKET ANALYSIS

5G Chipset Market, By Chipset Type (Application-specific Integrated Circuits (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, Field-programmable, and Gate Array (FPGA)), By Operational Frequency (Sub-6 GHz, Between 26 and 39 GHz, and Above 39 GHz), By Vertical (Manufacturing, Energy & Utilities, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024
Code : CMI5155
Pages :165
Formats :
Excel and PDF
Industry : Semiconductors

Market Concentration and Competitive Landscape

5G Chipset Market Concentration By Players

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Advancement of IoT and connected devices

The growth of IoT (Internet of Things) and connectivity of more "things" to the internet is another major driver for 5G chipsets demand. Application areas ranging from smart cities and industrial automation to consumer wearables, healthcare devices, and automotive telematics will all leverage connectivity enabled by 5G. The demands of IoT are very different from traditional smartphones - requirements include supporting massive number of low-power devices, ultra-reliable low latency communication for mission-critical applications as well as mobility. Current cellular technologies struggle to meet these requirements. 5G on the other hand has been designed from the ground up with IoT use cases in mind, featuring capabilities such as reduced network latency and ability to support much larger numbers of low bandwidth connections simultaneously. As a result, 5G chipsets that enable these advanced IoT connectivity capabilities are seeing heavy demand. The rapid growth of IoT is a key force driving the global 5G chipset market forward.

Key Players Insights