5G Chipset Market By Type (MODEMs, RFICs {RF Transceiver, RF FE}, By Frequency (Sub–6 GHz, 24–39 GHz, Above 39 GHz), By Process Node (Less Than 10 nm, 10–28 nm, Above 28 nm) By End-Use (Telecommunication Infrastructure, Non-Mobile Devices, Mobile Devices, Automobile) and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the 5G Chipset Market was valued at USD 35.1 billion in 2023 and will surpass USD 95.9 billion by 2030; growing at a CAGR of 15.4% during 2024 - 2030.

The 5G chipset market is experiencing rapid growth as global telecommunications infrastructure upgrades to support the next generation of wireless networks. As 5G technology enables faster data speeds, lower latency, and the ability to connect millions of devices simultaneously, the demand for 5G chipsets has surged across various industries. With applications in smartphones, IoT devices, autonomous vehicles, and more.

The key drivers for this growth include increased investments in 5G infrastructure, rising demand for connected devices, and the expansion of smart city projects. In this market analysis, we will explore the fastest-growing or largest subsegments within each key segment of the 5G chipset market, covering device types, frequency bands, process nodes, and regions, and provide an overview of the competitive landscape.

Smartphones Segment is the Largest Owing to Increased Consumer Demand

Within the device type segment, smartphones represent the largest subsegment in the 5G chipset market. The adoption of 5G-enabled smartphones has grown exponentially, driven by consumer demand for faster mobile data speeds and enhanced connectivity. With leading smartphone manufacturers, such as Apple, Samsung, and Xiaomi, continuously launching new models equipped with 5G chipsets, this subsegment has become the primary revenue generator in the market.

Smartphones continue to be the dominant use case for 5G technology as users increasingly rely on mobile devices for streaming, gaming, and other data-intensive applications. This trend is expected to sustain the high demand for 5G chipsets in this subsegment through the forecast period. Additionally, emerging markets in Asia-Pacific and Latin America are seeing significant smartphone penetration, further boosting growth.

Sub-6 GHz Segment is the Fastest Growing Owing to Broad Commercial Rollouts

When examining the frequency band segment, the Sub-6 GHz band is the fastest-growing subsegment in the 5G chipset market. This frequency range is ideal for providing widespread 5G coverage, particularly in urban and suburban areas. Telecom operators worldwide have primarily focused on Sub-6 GHz bands for their initial 5G deployments, owing to its balance between coverage area and data transmission speeds.

As more countries expand their 5G networks, the demand for Sub-6 GHz chipsets is expected to rise rapidly. Although millimeter-wave (mmWave) chipsets offer faster speeds, Sub-6 GHz provides a more cost-effective solution for large-scale deployment, making it the preferred choice for telecom operators in many regions. This trend is likely to accelerate as 5G becomes more accessible to the general population, particularly in regions with dense urban populations.

7 nm Process Node is the Largest Owing to Power Efficiency and Performance

In the process node segment, the 7 nm process node holds the largest share of the 5G chipset market. Chipsets manufactured using the 7 nm process offer an optimal balance between performance and power efficiency, making them highly suitable for a wide range of 5G applications. Major chipset manufacturers such as Qualcomm, MediaTek, and Samsung are utilizing the 7 nm process to produce 5G chipsets that can power smartphones, IoT devices, and other connected applications.

The 7 nm process node's dominance is driven by its ability to deliver high processing power while keeping energy consumption relatively low. This is particularly important for battery-operated devices such as smartphones and wearables, where power efficiency is critical. As the demand for high-performance, energy-efficient 5G chipsets continues to grow, the 7 nm process node is expected to maintain its leadership in the market.

Consumer Electronics Segment is the Fastest Growing Owing to IoT and Wearables Expansion

Within the end-user segment, consumer electronics is the fastest-growing subsegment in the 5G chipset market. The proliferation of Internet of Things (IoT) devices and wearables, such as smartwatches, fitness trackers, and augmented reality (AR) glasses, is driving the demand for 5G chipsets. As these devices become more advanced, they require the faster data speeds and low latency that 5G networks provide.

Additionally, the growing popularity of smart home devices, such as smart speakers, security systems, and appliances, is further contributing to the demand for 5G chipsets in the consumer electronics sector. As consumers increasingly adopt connected devices, the 5G chipset market within this subsegment is expected to expand at a rapid pace over the forecast period.

Asia-Pacific is the Largest Region Owing to Massive 5G Infrastructure Investments

Geographically, Asia-Pacific is the largest region in the 5G chipset market, accounting for a significant portion of global revenue. Countries such as China, South Korea, and Japan have been at the forefront of 5G network deployment, with extensive investments in infrastructure and technology. China, in particular, has made substantial progress in rolling out 5G networks across the country, supported by government initiatives and strong partnerships between telecom operators and technology companies.

The high demand for 5G-enabled devices in the region, combined with the rapid development of smart cities and industrial IoT applications, is expected to further drive the growth of the 5G chipset market in Asia-Pacific. The region's leadership in semiconductor manufacturing and consumer electronics production also contributes to its dominant position in the market. As 5G adoption continues to accelerate in the region, Asia-Pacific is expected to maintain its status as the largest market for 5G chipsets.

Competitive Landscape and Leading Companies

The 5G chipset market is highly competitive, with several key players dominating the landscape. Leading companies in the market include Qualcomm Technologies, Inc., MediaTek Inc., Samsung Electronics Co., Ltd., Intel Corporation, and Huawei Technologies Co., Ltd. These companies are continuously innovating to improve the performance, efficiency, and capabilities of their 5G chipsets, driving competition in the market.

The competitive landscape is characterized by partnerships and collaborations between telecom operators and chipset manufacturers, as well as strategic acquisitions to enhance 5G technology offerings. Companies are also investing heavily in research and development to advance chip technology and stay ahead in this fast-evolving market. As the demand for 5G technology grows, competition is expected to intensify, with companies striving to differentiate their products through innovations in performance, power efficiency, and application-specific features.

Report Objectives:

The report will help you answer some of the most critical questions in the 5G Chipset Market. A few of them are as follows:

1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
2. What are the prevailing technology trends in the 5G Chipset Market?
3. What is the size of the 5G Chipset Market based on segments, sub-segments, and regions?
4. What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
5. What are the market opportunities for stakeholders after analyzing key market trends?
6. Who are the leading market players and what are their market share and core competencies?
7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope: