5G Chipset Market - Pin-Point Analysis For Changing Competitive Dynamics

Posted by RASHMI on March 15th, 2019

According to a new market research report published by Transparency Market Research titled ‘5G Chipset Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2026’ the global 5G chipset market is expected to reach value of US$  20,195.8 Mn by 2026. The market is projected to expand at a CAGR of 44.01% from 2019 to 2026. According to the report, the global 5G chipset market is expected to continue to be influenced by commercialization of the 5G network technology across the globe in the next few years. North America is projected to lead the global market, with the market in the region expanding at a CAGR of above 47% between 2019 and 2026.

North America is expected to hold the maximum share of the global 5G chipset market during the forecast period. This is primarily attributable to the increasing demand for 5G chipsets in order to help in commercialization of the 5G technology in the region.

5G chipsets are gaining popularity across the Asia Pacific region, especially in developing economies such as China and India. This can be attributed to significant rise in the number of smartphone users and increasing demand for high-speed Internet in the region.

Furthermore, the market in Middle East & Africa is witnessing steady growth, owing to the increasing number of 5G trials being conducted in the region by various telecom operators. This presents significant growth opportunities to the 5G chipset market.

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Samsung, Qorvo Inc., Analog Devices, Inc., Broadcom, Anokiwave, Intel Corporation, Nokia Corporation, Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., and MediaTek, Inc. are key players operating in the 5G chipset market. Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, offerings of 5G chipsets, and other such strategic information pertaining to these players have been duly provided as part of company profiling.