Exploring the .0 Billion 5G Chipsets Industry by 2028
Posted by Tom C on February 22nd, 2024
The 5G Chipsets market is projected to grow from USD 36.3 billion in 2023 to USD 81.0 billion by 2028; it is expected to grow at a CAGR of 17.4% from 2023 to 2028. The key factors fueling the growth of the 5G Chipsets market include rising investments in 5G network by leading corporations and the growing demand for 5G supported consumer electronics.
The Sub – 6 GHz 5G Chipsets segment is projected to hold the highest account from 2023 to 2028
OEMs have a demand for both sub-6 GHz and mmWave frequency bands. 5G devices operating in the sub-6 GHz spectrum band are likely to play an important role in delivering widespread coverage and supporting multiple use cases. Companies such as Huawei and ZTE do 90% of their work in sub-6 GHz. Sub-1 GHz frequency support 5G services in urban, suburban, and rural areas and may find its role in IoT services. This spectrum is likely to help 5G services reach hard-to-reach and populated public areas. Spectrum from 1 to 6 GHz is used for coverage and capacity applications of 5G.
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Mobile devices end-use accounted for a more significant proportion of the 5G chipsets market in 2023
With the proliferation of data-intensive applications such as high-definition video streaming, augmented reality (AR), and virtual reality (VR), there is a growing demand for increased data capacity. 5G's higher bandwidth and data capacity make it well-suited to handle the requirements of these applications on mobile devices. 5G technology offers significantly faster data speeds and lower latency than previous generations. This translates into a vastly improved connectivity experience for mobile device users, enabling faster downloads, smoother streaming, and better overall performance.
The 5G chipset market is witnessing intense competition among semiconductor manufacturers to produce more efficient, compact, and cost-effective solutions. As technology continues to evolve, the market is expected to see innovations in 5G ICs that enable enhanced functionality and improved energy efficiency, paving the way for a new generation of 5G-enabled devices.
The 5G chipsets market for 24-39 GHz frequency accounted for the highest CAGR during the forecast period
?24-39 GHz or mmWave frequency band can offer ultra-high-speed mobile broadband 5G service. This spectrum is likely to play a vital role in addressing the issue of mobile data traffic. This spectrum is a mixture of licensed and unlicensed spectrum. There is an increased demand for wireless data bandwidth; additionally, the mobile data experience for users is expanding and developing continuously. Thus, the cellular industry looks forward to this frequency spectrum being utilized in developing new 5G wireless technologies. mmWave frequencies suffer high propagation loss; however, the small form factor of mmWave antenna allows for dense packing of antenna arrays. The increasing number of antenna elements enhances coverage through tighter beams. mmWave-based network devices will likely be employed for short ranges (between 50 and 200 m).
5G chipsets market for 10-28 nm process nodes to account for the highest share of the market during the forecast period
?5G chips with process nodes ranging from 10 to 28 nm primarily include baseband processors for 5G infrastructure and RFIC components. Snapdragon X55 5G modem, offered by Qualcomm, pairs with a single-chip 14 nm RF transceiver for 5G sub-6 GHz for smartphones and other 5G devices. Layerscape architecture, provided by NXP, a family of programmable 5G baseband processors, uses the IP of IQ- Analog Corp (US). It was prototyped in Global Foundries' 14 nm FinFET manufacturing process. mmWAVE 5G RF chips, an offering of Samsung Electronics, are produced by TSMC on 16 nm and 28 nm production lines. 22 nm ULP RF technology of TSMC integrates critical mmWave mobile communication devices, such as mmWave front-end modules, including switches, low-noise amplifiers (LNAs), and power amplifiers (PAs), onto a single chip. Further, ADRV9026, offered by Analog Devices, integrated with an RF transceiver for 5G TDD and FDD massive MIMO, macro-cell, and small-cell base stations, is built on 28 nm CMOS.
