According to the recent research report titled ‘GLOBAL 5G CHIPSET MARKET 2019-2025’, available with Market Study Report, global 5G chipset market is slated to witness a y-o-y growth rate of 33.84% during 2019-2027.
 

Surging demand for mobile broadband services, high-speed internet, and reduced power consumption & latency, coupled with growing Internet of Things (IoT) & mobile to mobile connections are the key factors driving the growth of global 5G chipset market.
 

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In addition, supportive government initiatives towards smart city development is contributing to the overall market outlook. However, hefty cost of infrastructure and technological issues may hinder the growth of global 5G chipset industry. Besides, security & privacy issues and technical problems associated with 5G chipsets due to fragmented spectrum allotment are likely to act as restraining factor for the market growth.
 

Based on product type, global 5G chipset market is divided into network infrastructure equipment, devices, and customer premises equipment segments. Speaking of IC type, the industry is bifurcated into MMwave technology IC, RFIC (radio frequency integrated circuit), ASIC (application specific integrated circuit), and others. Moving on to industry vertical, global 5G chipset market is categorized into industrial automation, consumer electronics, retail, healthcare, energy & utilities, automotive & transportation, and others.
 

Citing the regional landscape, worldwide 5G chipset market is segmented into Middle East & Africa (MEA), Asia Pacific, North America, Europe, and Latin America. The report states that Asia Pacific 5G chipset industry is posed to register a decent growth over the assessment period. The regional growth is credited to mounting data consumption in economies such as India. Further, increasing demand for high speed data is likely to contribute to global 5G chipset industry expansion.
 

Major players in global 5G chipset market are Huawei Technologies Co. Ltd, Hewlett Packard Enterprise (HPE), Infineon Technologies AG, Qualcomm Technologies Inc, Nokia Corporation, Xilinx Inc., Intel Corporation, Samsung Electronics Co. Ltd., Telefonaktiebolaget L M Ericsson, Infineon Technologies AG, Broadcom Inc., Fujitsu Limited, IBM Corporation, and MediaTek Inc.