Sarasota, FL -- (SBWIRE) -- 12/19/2018 -- Global 5G Chipset Market: Overview

Fifth-generation wireless connection or simply 5G is being engineered as the latest cellular technology, which is designed to enhance the responsiveness and speed of wireless networks across the world. The demand and popularity of the 5G chipset market on a global scale can be attributed to the increase in the demand for broad network coverage and high-speed internet coupled with lowered power consumption and latency.

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Global 5G Chipset Market: Growth Factors

The major growth driver in the global 5G chipset market is the 5G chipsets are projected to become an essential part of futuristic 5G compatible products, such as smartphones, wearable devices, and tablets, among others. The huge demand for latest technologies, such as artificial intelligence, machine-to-machine communication, and connected cars, the presence of key market players in the U.S., and the rise in the number of research and development activities related to 5G technology and network design are likely to create new opportunities for the key market players, thereby, fuelling the 5G chipset market globally. Furthermore, rising IoT/M2M connections and growing mobile data services demand are likely to propel the 5G chipset market globally over the forecast time period.

Global 5G Chipset Market: Segmentation

The global 5G chipset market is classified into product, operational frequency, IC type, and end-user. By product, this market includes network infrastructure equipment, customer premises equipment, and devices. Based on operational frequency, this global market is segmented into more than 39 GHz, from 26 and 39 GHz, and sub-6 GHz. On the basis of IC type, this market is divided mmWave IC, cellular IC, ASIC, and RFIC. The ASIC segment is anticipated to dominate the market in the future, due to their extensive usage in industrial automation, autonomous cars, and consumer electronics. Public safety and surveillance, consumer electronics, industrial automation, building automation, retail, healthcare, energy and utilities, and automotive and transportation comprise the end-user segment of this market. Consumer electronics are likely to dominate the market in the upcoming years, due to 5G connectivity's major impact on VR and AR devices, smartphones, wearable devices, and tablets.

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Global 5G Chipset Market: Regional Analysis

The global 5G chipset market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. North America is projected to hold a major share of the global 5G chipset market in the years to come. This is due to the huge demand for latest technologies, such as artificial intelligence, machine-to-machine communication, connected cars, etc., the presence of key market players, and the rise in the number of research and development activities related to network deployment/design and 5G technology are likely to create new opportunities for the regional market players, thereby, driving this regional market. The Asia Pacific region is likely to register the fastest rate of growth in the 5G chipset market over the estimated time period. This can be attributed to the growing demand for IoT and video services. This, in turn, is likely to drive the 5G chipset market in the upcoming years.

Promising Regions & Countries Mentioned In The 5G Chipset Market Report:
- North America ( United States)
- Europe ( Germany, France, UK)
- Asia-Pacific ( China, Japan, India)
- Latin America ( Brazil)
- The Middle East & Africa

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Global 5G Chipset Market: Competitive Players

Some of the most important market players in the global 5G chipset market include Infineon Technologies, Intel, Qorvo, Broadcom, Xilinx, Huawei, Samsung Electronics, Analog Devices, Anokiwave, Nokia, IBM, and Qualcomm Technologies, among others.