The 5G Chipset Market is expected to grow from USD 12.8 billion in 2020 to USD 67.2 billion by 2027, at a CAGR of 26.7%.

The growing demand for high-speed internet and broad network coverage, as well as an increase in cellular IoT connections and mobile data traffic, are all propelling the 5G chipset market forward. The expensive cost of 5G chipsets, on the other hand, is projected to limit industry expansion.

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RFIC segment to witness the highest growth in 5G chipset market in coming years

In the production and commercialization of consumer electronic devices, next-generation base stations, and other radio access products, RFIC will play a critical role, particularly in 5G networks. It was created to improve the overall performance of the 5G base station in terms of efficiency and compactness.

10 to 28 nm to account for the largest share of 5G chipset market during the forecast period

Advancements in the fabrication process are supporting the improvements in ICs, which has made electronic devices smaller and more power optimized. The 5G chipset market by process node has been segmented into less than 10 nm, 10–28 nm, and above 28 nm. Some of the major process nodes on which 5G chipset components such as modems and RFICs are manufactured include 5 nm, 7 nm, 10 nm, 14 nm, 28 nm, 45 nm, 60 nm, and so on. 5G chipsets with process node between 10 and 28 nm mostly include baseband processors for 5G infrastructure and RFIC components.

24–39 GHz to grow at highest CAGR in 5G chipset market from 2020 to 2027

This frequency spectrum, also known as the mmWave frequency band, can provide ultra-high-speed mobile broadband 5G service. This spectrum is projected to play a critical role in sustaining the rapid development of mobile data traffic. The expansion of the 24–39 GHz frequency range is being fueled by the high bandwidth supplied by this spectrum and the increasing engagement of telecom service providers in this spectrum.

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Mobile devices to hold the largest share of 5G chipset market during the forecast period

Smartphones and tablets will be the key attraction in the consumer electronics market for 5G network. With the implementation of 5G network, customers can access and download data at high speed. In 5G smartphones, 5G-enabled ASICs are implemented. Increasing use of smartphones to drive the demand for 5G chipsets; however, chipset manufacturers are working on developing 5G chipsets for other mobile devices too.

APAC to witness the highest CAGR of 5G chipset market during the forecast period

The market for 5G chipsets in APAC is expected to increase rapidly. Increased advancements (such as R&D activities, investments, and company alliances) connected to 5G in countries such as Japan, China, and South Korea are driving the growth of the 5G chipset market in APAC. In Asia Pacific, 9 nations have launched 5G, with 12 more planning to do so in the near future. China is one of the most important countries working on 5G network infrastructure.
The Chinese government has been proactive in organising and encouraging 5G research in the country.