The overall 5G chipset market to be valued at USD 2.03 billion in 2020 and is expected to reach USD 22.41 billion by 2026, at a CAGR of 49.2% between 2020 and 2026. Major drivers for the market are growing demand for high-speed internet and broad network coverage with reduced latency and power consumption, and increasing M2M/IoT connections.

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By IC type, the ASIC segment is expected to grow at the highest growth rate during the forecast period

Demand for 5G-enabled smartphones and high chipset cost result in the largest share of ASIC in the 5G chipset market. Many companies are in the process of developing ASIC chipsets to emerge as early providers and showcase commercial readiness for 5G. In February 2017, Samsung Electronics (South Korea) launched RFIC and ASIC chipsets required for 5G modems. This would further help build 5G network infrastructure, and its related products include home routers and radio base station products.

By Operational frequency, the 5G chipset market for sub-6 GHz frequency band resonator holds the largest share of the market

To deliver widespread coverage and support multiple use cases, 5G devices operating in the sub-6 GHz spectrum band are likely to play an important role. Sub-1 GHz frequency will 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 will be used for coverage and capacity applications of 5G. Many countries are exploring opportunities lying between 3.3 and 3.8 GHz frequency band for the initial launch of 5G services.

By geography, the market in Asia Pacific (APAC) is expected to gain highest growth

The growth of the 5G chipset market in APAC will mainly be driven by growing developments (such as R&D activities, investments, and partnerships among companies) related to 5G in countries such as Japan, China, South Korea, and India. Companies such as ZTE (China), Huawei (China), Ericsson (Sweden), and Nokia (Finland) are heavily investing in 5G and initiating field trials with some of the leading mobile service carriers, such as AT&T (US), China Mobile (China), SoftBank (Japan), and China Unicom (China). Leading players from different sections of the industry’s value chain are engaging in 5G network field tests and trials. For instance, in October 2017, ZTE (China) signed a memorandum of understanding (MoU) in 5G network and IoT with Bharat Sanchar Nigam Limited (BSNL, India), the largest Indian state-owned telecom company. Such developments in 5G networks will create opportunities for the 5G chipset market to grow in APAC.

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Key Market Players

Qualcomm (US), Intel (US), Nokia (Finland), Samsung Electronics (South Korea), Xilinx (US), IBM (US), Qorvo (US), Infineon Technologies (Germany), Integrated Device Technology (US Anokiwave (US), Ericsson (Sweden), Hewlett Packard Enterprise (US), API Technologies Corp (US).

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