Albany, NY -- (SBWire) -- 02/12/2019 --A recent report by ResearchMoz.us, titled, "5G Chipset Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2026," presents crucial information on the market. To do so, it examines every facet of the market. Those include the tailwinds and headwinds shaping the pace of the global 5G chipset market, the competitive dynamics, and the various product, application, and regional segments.
At the outset, the report projects the global 5G chipset market to rise at a phenomenal 44.01% between 2019 and 2026. At this pace, the market's estimated value would rise to US$20.19 Bn by 2026. This staggering growth pace can be explained by the fact that the market is still in its initial stages. With the take-off of 5G-enabled products, namely tablets, smartphones, laptops, routers, C-V2X devices, network infrastructure equipment, and routers, the market is set to soar at a breakneck speed.
Another factor positively impacting the global 5G chipset market is the continued thrust on product development. Both big names and small stakeholders in the industry are seen expending money on developing more cutting edge products. This has resulted in the launch of several super-sophisticated products in the recent past.
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Having thrown light on the major factors driving the global 5G chipset market, the report goes on to classify it based on various factors. For instance, depending upon type, it divides the market into 10nm, 7nm, and others. Of them, the 7nm segment currently holds maximum market share. This is because the 7nm is mainly preferred by chipmakers since it serves to lessen the size of the chip. Apart from that, it also offers better performance, alongside lower power consumption.
With respect to deployment, the global 5G chipset market again can be segmented into customer premise equipment, device, and network infrastructure equipment. Of them, the customer premises equipment holds a major share in the market. This is mainly because of the large scale usage of 5G chipsets in wearables, smartphones, tablets, and other consumer electronic devices.
With respect to geography, North America currently holds a dominant share in the global 5G chipset market. This is because of the tremendous thrust on the commercialization of the 5G technology in the region.
Apart from North America, Asia Pacific is another promising 5G chipset market, powered mainly by India and China. Surging sales of smartphones in the region, owing to rapid urbanization and rising disposable incomes.
Some of the key players in the global 5G market are Nokia Corporation, Analog Devices, Inc., Samsung, Qorvo Inc., Anokiwave, Broadcom, Intel Corporation, and Huawei Technologies Co., Ltd. The report studies their product offerings, sales and revenues, and future growth prospects. It also examines the opportunities and pitfalls they might encounter going forward.
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Global 5G Chipset Market - Proliferation of 5G-Enabled Products Offers Massive Boost