5G CHIPSET MARKET ANALYSIS

Regional Analysis

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North America has dominated the global 5G chipset market and is projected to continue its dominance during the forecast period with an estimated 40.3% share in 2024. The strong presence of major chipset providers in the U.S., such as Qualcomm and Intel, give the region an edge. There is a high focus on R&D which has enabled regular innovations and development of cutting-edge 5G chipset solutions. Furthermore, early and rapid deployment of 5G networks by telecom players like Verizon and AT&T has fueled the demand for 5G chipsets in the region.

Asia Pacific has emerged as the fastest growing regional market for 5G chipsets. Countries like China, South Korea, and Japan are frontrunners in 5G deployment and are aggressively investing in building 5G infrastructure. China, in particular, presents lucrative opportunities attributed to the nation's massive planned investments in 5G infrastructure and push for indigenous 5G technology development. Growing export orientation of 5G chipset manufacturers as well as rapidly expanding domestic market are driving growth. Additionally, supportive government policies and availability of cheap labor have helped Asia establish itself as the manufacturing hub, thereby boosting shipments of 5G chipsets from the region.

Countries within Asia are increasingly trading 5G chipsets among themselves. While China and South Korea actively export, countries like India and Indonesia offer vast untapped opportunities with their huge subscriber base and growing focus on digitization. However, the ongoing trade war has increased import costs for some Asian countries. Despite short-term hurdles, the long-term growth prospect of Asia Pacific's 5G chipset market remains promising given the scale of ongoing 5G deployments and continental size of the technology manufacturing sector.