ID: MRFR/ICT/5682-HCR | August 2022 | Region: Global | 100 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power of Suppliers
4.2 Value Chain/Supply Chain of 5G Chipset
5 Market Landscape
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7 5G Chipset Market by Type
7.1 Introduction
7.2 Radio Frequency Integrated Circuit (RFIC)
7.2.1 Market Estimates & Forecast, 2020-2027
7.3 Application-Specific Integrated Circuit (ASIC)
7.3.1 Market Estimates & Forecast, 2020-2027
7.4 Cellular Integrated Circuit
7.4.1 Market Estimates & Forecast, 2020-2027
7.5 Millimeter Wave Integrated Circuit
7.5.1 Market Estimates & Forecast, 2020-2027
8 5G Chipset Market by Operational Frequency
8.1 Introduction
8.2 Below 6 gHz
8.2.1 Market Estimates & Forecast, 2020-2027
8.3 26–39 gHz
8.3.1 Market Estimates & Forecast, 2020-2027
8.4 39 and above gHz
8.4.1 Market Estimates & Forecast, 2020-2027
9 5G Chipset Market by Product
9.1 Introduction
9.2 Customer Premise Equipment
9.2.1 Market Estimates & Forecast, 2020-2027
9.3 Network Infrastructure Equipment
9.3.1 Market Estimates & Forecast, 2020-2027
10 5G Chipset Market by Vertical
10.1 Introduction
10.2 Automotive & Transportation
10.2.1 Market Estimates & Forecast, 2020-2027
10.3 IT & Telecommunication
10.3.1 Market Estimates & Forecast, 2020-2027
10.4 Retail
10.4.1 Market Estimates & Forecast, 2020-2027
10.5 Government
10.5.1 Market Estimates & Forecast, 2020-2027
10.6 Energy & Utilities
10.6.1 Market Estimates & Forecast, 2020-2027
10.7 Healthcare
10.7.1 Market Estimates & Forecast, 2020-2027
10.8 Industrial
10.8.1 Market Estimates & Forecast, 2020-2027
10.9 Others
10.9.1 Market Estimates & Forecast, 2020-2027
11 5G Chipset Market by Region
11.1 Introduction
11.2 North America
11.2.1 Market Estimates & Forecast by Country, 2020-2027
11.2.2 Market Estimates & Forecast by Type, 2020-2027
11.2.3 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.2.4 Market Estimates & Forecast by Product, 2020-2027
11.2.5 Market Estimates & Forecast by Vertical, 2020-2027
11.2.6 US
11.2.6.1 Market Estimates & Forecast by Type, 2020-2027
11.2.6.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.2.6.3 Market Estimates & Forecast by Product, 2020-2027
11.2.6.4 Market Estimates & Forecast by Vertical, 2020-2027
11.2.7 Mexico
11.2.7.1 Market Estimates & Forecast by Type, 2020-2027
11.2.7.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.2.7.3 Market Estimates & Forecast by Product, 2020-2027
11.2.7.4 Market Estimates & Forecast by Vertical, 2020-2027
11.2.8 Canada
11.2.8.1 Market Estimates & Forecast by Type, 2020-2027
11.2.8.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.2.8.3 Market Estimates & Forecast by Product, 2020-2027
11.2.8.4 Market Estimates & Forecast by Vertical, 2020-2027
11.3 Europe
11.3.1 Market Estimates & Forecast by Country, 2020-2027
11.3.2 Market Estimates & Forecast by Type, 2020-2027
11.3.3 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.3.4 Market Estimates & Forecast by Product, 2020-2027
11.3.5 Market Estimates & Forecast by Vertical, 2020-2027
11.3.6 Germany
11.3.6.1 Market Estimates & Forecast by Type, 2020-2027
11.3.6.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.3.6.3 Market Estimates & Forecast by Product, 2020-2027
11.3.6.4 Market Estimates & Forecast by Vertical, 2020-2027
11.3.7 France
11.3.7.1 Market Estimates & Forecast by Type, 2020-2027
11.3.7.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.3.7.3 Market Estimates & Forecast by Product, 2020-2027
11.3.7.4 Market Estimates & Forecast by Vertical, 2020-2027
11.3.8 Italy
11.3.8.1 Market Estimates & Forecast by Type, 2020-2027
11.3.8.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.3.8.3 Market Estimates & Forecast by Product, 2020-2027
11.3.8.4 Market Estimates & Forecast by Vertical, 2020-2027
11.3.9 Spain
11.3.9.1 Market Estimates & Forecast by Type, 2020-2027
11.3.9.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.3.9.3 Market Estimates & Forecast by Product, 2020-2027
11.3.9.4 Market Estimates & Forecast by Vertical, 2020-2027
11.3.10 UK
11.3.10.1 Market Estimates & Forecast by Type, 2020-2027
11.3.10.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.3.10.3 Market Estimates & Forecast by Product, 2020-2027
11.3.10.4 Market Estimates & Forecast by Vertical, 2020-2027
11.4 Asia-Pacific
11.4.1 Market Estimates & Forecast by Country, 2020-2027
11.4.2 Market Estimates & Forecast by Type, 2020-2027
11.4.3 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.4.4 Market Estimates & Forecast by Product, 2020-2027
11.4.5 Market Estimates & Forecast by Vertical, 2020-2027
11.4.6 China
11.4.6.1 Market Estimates & Forecast by Type, 2020-2027
11.4.6.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.4.6.3 Market Estimates & Forecast by Product, 2020-2027
11.4.6.4 Market Estimates & Forecast by Vertical, 2020-2027
11.4.7 India
11.4.7.1 Market Estimates & Forecast by Type, 2020-2027
11.4.7.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.4.7.3 Market Estimates & Forecast by Product, 2020-2027
11.4.7.4 Market Estimates & Forecast by Vertical, 2020-2027
11.4.8 Japan
11.4.8.1 Market Estimates & Forecast by Type, 2020-2027
11.4.8.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.4.8.3 Market Estimates & Forecast by Product, 2020-2027
11.4.8.4 Market Estimates & Forecast by Vertical, 2020-2027
11.4.9 Rest of Asia-Pacific
11.4.9.1 Market Estimates & Forecast by Type, 2020-2027
11.4.9.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.4.9.3 Market Estimates & Forecast by Product, 2020-2027
11.4.9.4 Market Estimates & Forecast by Vertical, 2020-2027
11.5 Rest of the World
11.5.1 Market Estimates & Forecast by Country, 2020-2027
11.5.2 Market Estimates & Forecast by Type, 2020-2027
11.5.3 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.5.4 Market Estimates & Forecast by Product, 2020-2027
11.5.5 Market Estimates & Forecast by Vertical, 2020-2027
11.5.6 Middle East & Africa
11.5.6.1 Market Estimates & Forecast by Type, 2020-2027
11.5.6.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.5.6.3 Market Estimates & Forecast by Product, 2020-2027
11.5.6.4 Market Estimates & Forecast by Vertical, 2020-2027
11.5.7 Latin America
11.5.7.1 Market Estimates & Forecast by Type, 2020-2027
11.5.7.2 Market Estimates & Forecast by Operational Frequency, 2020-2027
11.5.7.3 Market Estimates & Forecast by Product, 2020-2027
11.5.7.4 Market Estimates & Forecast by Vertical, 2020-2027
12 Competitive Landscape
13 Company Profiles
13.1 Qualcomm Inc
13.1.1 Company Overview
13.1.2 Product/Business Segment Overview
13.1.3 Financial Updates
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.1.6 Key Strategy
13.2 Intel Corporation
13.2.1 Company Overview
13.2.2 Product/Business Segment Overview
13.2.3 Financial Updates
13.2.4 Key Developments
13.2.5 SWOT Analysis
13.2.6 Key Strategy
13.3 Nokia Oyj
13.3.1 Company Overview
13.3.2 Product/Business Segment Overview
13.3.3 Financial Updates
13.3.4 Key Developments
13.3.5 SWOT Analysis
13.3.6 Key Strategy
13.4 Samsung Electronics Co Ltd
13.4.1 Company Overview
13.4.2 Product/Business Segment Overview
13.4.3 Financial Updates
13.4.4 Key Developments
13.4.5 SWOT Analysis
13.4.6 Key Strategy
13.5 Xilinx Inc
13.5.1 Company Overview
13.5.2 Product/Business Segment Overview
13.5.3 Financial Updates
13.5.4 Key Developments
13.5.5 SWOT Analysis
13.5.6 Key Strategy
13.6 IBM Corporation
13.6.1 Company Overview
13.6.2 Product/Business Segment Overview
13.6.3 Financial Updates
13.6.4 Key Developments
13.6.5 SWOT Analysis
13.6.6 Key Strategy
13.7 Qorvo Inc
13.7.1 Company Overview
13.7.2 Product/Business Segment Overview
13.7.3 Financial Updates
13.7.4 Key Developments
13.7.5 SWOT Analysis
13.7.6 Key Strategy
13.8 Infineon Technologies AG
13.8.1 Company Overview
13.8.2 Product/Business Segment Overview
13.8.3 Financial Updates
13.8.4 Key Developments
13.8.5 SWOT Analysis
13.8.6 Key Strategy
13.9 Integrated Device Technology Inc
13.9.1 Company Overview
13.9.2 Product/Business Segment Overview
13.9.3 Financial Updates
13.9.4 Key Developments
13.9.5 SWOT Analysis
13.9.6 Key Strategy
13.10 Anokiwave
13.10.1 Company Overview
13.10.2 Product/Business Segment Overview
13.10.3 Financial Updates
13.10.4 Key Developments
13.10.5 SWOT Analysis
13.10.6 Key Strategy
14 Conclusion
LIST OF TABLES
Table 1 Global 5G Chipset Market, by Type, 2020-2027
Table 2 Global 5G Chipset Market, by Operational Frequency, 2020-2027
Table 3 Global 5G Chipset Market, by Product, 2020-2027
Table 4 Global 5G Chipset Market, by Vertical, 2020-2027
Table 5 Global 5G Chipset Market, by Region, 2020-2027
Table 6 North America: 5G Chipset Market, by Country, 2020-2027
Table 7 North America 5G Chipset, Market, by Type, 2020-2027
Table 8 North America 5G Chipset, Market, by Operational Frequency, 2020-2027
Table 9 North America 5G Chipset, Market, by Product, 2020-2027
Table 10 North America 5G Chipset Market, by Vertical, 2020-2027
Table 11 US 5G Chipset, Market, by Type, 2020-2027
Table 12 US 5G Chipset, Market, by Operational Frequency, 2020-2027
Table 13 US 5G Chipset, Market, by Product, 2020-2027
Table 14 US 5G Chipset Market, by Vertical, 2020-2027
Table 15 Canada 5G Chipset, Market, by Type, 2020-2027
Table 16 Canada 5G Chipset, Market, by Operational Frequency, 2020-2027
Table 17 Canada 5G Chipset, Market, by Product, 2020-2027
Table 18 Canada 5G Chipset Market, by Vertical, 2020-2027
Table 19 Mexico 5G Chipset, Market, by Type, 2020-2027
Table 20 Mexico 5G Chipset, Market, by Operational Frequency, 2020-2027
Table 21 Mexico 5G Chipset, Market, by Product, 2020-2027
Table 22 Mexico 5G Chipset Market, by Vertical, 2020-2027
Table 23 Europe 5G Chipset Market, by Country, 2020-2027
Table 24 Europe 5G Chipset Market, by Type, 2020-2027
Table 25 Europe 5G Chipset Market, by Operational Frequency, 2020-2027
Table 26 Europe 5G Chipset Market, by Product, 2020-2027
Table 27 Europe 5G Chipset Market, by Vertical, 2020-2027
Table 28 Germany 5G Chipset Market, by Type, 2020-2027
Table 29 Germany 5G Chipset Market, by Operational Frequency, 2020-2027
Table 30 Germany 5G Chipset Market, by Product, 2020-2027
Table 31 Germany 5G Chipset Market, by Vertical, 2020-2027
Table 32 France 5G Chipset Market, by Type, 2020-2027
Table 33 France 5G Chipset Market, by Operational Frequency, 2020-2027
Table 34 France 5G Chipset Market, by Product, 2020-2027
Table 35 France 5G Chipset Market, by Vertical, 2020-2027
Table 36 UK 5G Chipset Market, by Type, 2020-2027
Table 37 UK 5G Chipset Market, by Operational Frequency, 2020-2027
Table 38 UK 5G Chipset Market, by Product, 2020-2027
Table 39 UK 5G Chipset Market, by Vertical, 2020-2027
Table 40 Spain 5G Chipset Market, by Type, 2020-2027
Table 41 Spain 5G Chipset Market, by Operational Frequency, 2020-2027
Table 42 Spain 5G Chipset Market, by Product, 2020-2027
Table 43 Spain 5G Chipset Market, by Vertical, 2020-2027
Table 44 Italy 5G Chipset Market, by Type, 2020-2027
Table 45 Italy 5G Chipset Market, by Operational Frequency, 2020-2027
Table 46 Italy 5G Chipset Market, by Product, 2020-2027
Table 47 Italy 5G Chipset Market, by Vertical, 2020-2027
Table 48 Asia-Pacific 5G Chipset Market, by Country, 2020-2027
Table 49 Asia-Pacific 5G Chipset Market, by Type, 2020-2027
Table 50 Asia-Pacific 5G Chipset Market, by Operational Frequency, 2020-2027
Table 51 Asia-Pacific 5G Chipset Market, by Product, 2020-2027
Table 52 Asia-Pacific 5G Chipset Market, by Vertical, 2020-2027
Table 53 China 5G Chipset Market, by Type, 2020-2027
Table 54 China 5G Chipset Market, by Operational Frequency, 2020-2027
Table 55 China 5G Chipset Market, by Product, 2020-2027
Table 56 China 5G Chipset Market, by Vertical, 2020-2027
Table 57 Japan 5G Chipset Market, by Type, 2020-2027
Table 58 Japan 5G Chipset Market, by Operational Frequency, 2020-2027
Table 59 Japan 5G Chipset Market, by Product, 2020-2027
Table 60 Japan 5G Chipset Market, by Vertical, 2020-2027
Table 61 India 5G Chipset Market, by Type, 2020-2027
Table 62 India 5G Chipset Market, by Operational Frequency, 2020-2027
Table 63 India 5G Chipset Market, by Product, 2020-2027
Table 64 India 5G Chipset Market, by Vertical, 2020-2027
Table 65 Rest of Asia-Pacific 5G Chipset Market, by Type, 2020-2027
Table 66 Rest of Asia-Pacific 5G Chipset Market, by Operational Frequency, 2020-2027
Table 67 Rest of Asia-Pacific 5G Chipset Market, by Product, 2020-2027
Table 68 Rest of Asia-Pacific 5G Chipset Market, by Vertical, 2020-2027
Table 69 Rest of the World 5G Chipset Market, by Country, 2020-2027
Table 70 Rest of the world 5G Chipset Market, by Type, 2020-2027
Table 71 Rest of the World 5G Chipset Market, by Operational Frequency, 2020-2027
Table 72 Rest of the World 5G Chipset Market, by Product, 2020-2027
Table 73 Rest of the World 5G Chipset Market, by Vertical, 2020-2027
 
LIST OF FIGURES
FIGURE 1 Global 5G Chipset Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global 5G Chipset Market
FIGURE 4 Value Chain of Global 5G Chipset Market
FIGURE 5 Share of Global 5G Chipset Market in 2020, by Country (in %)
FIGURE 6 Global 5G Chipset Market, 2020-2027
FIGURE 7 Sub-segments of Type
FIGURE 8 Global 5G Chipset Market Size, by Type, 2020
FIGURE 9 Share of Global 5G Chipset Market, by Type, 2020 TO 2027
FIGURE 12 Global 5G Chipset Market Size, by Type, 2020
FIGURE 13 Share of Global 5G Chipset Market, by Type, 2020 TO 2027
$9.22 Billion
41.2%
North America
2020-2027
The global 5G Chipset market is expected to see enormous growth over the forecast period (2017 – 2023). The 5G microchip market was evaluated at USD 1.21 billion in 2017. The market is expected to grow at a swift speed, with a CAGR of 41.2% in the coming years. The market value is anticipated to reach around USD 9.22 billion by the end of 2023.
5G refers to the latest technology that is expected to increase the speed of wireless cellular networks. A 5G Chipset contains many microchips that make up the set. It helps transmit data across wireless networks swiftly. A 5G microchip set allows network providers to create one or more networks within a single 5G cellular network.
There has been a sharp increase in the number of internet and smartphone users around the world. Moreover, they are looking for high-speed internet provisions and low battery-consuming networks when accessing the internet. Only 5G cellular networks can make these provisions possible for the users. Hence, these factors act as a driving force to the 5G chipset market growth.
5G Chipset Market Covid-19 Analysis:
After the impact of Covid-19 across the globe, many large-scale businesses and industries suffered, except healthcare and life support products. The lockdown and physical distancing protocols also affected many small and big business institutions alike. However, the 5G chipset business seemed to make a lot of profit out of the situation.
This is because most families and friends were separated due to travel restrictions. Hence, the 5G high-speed networks help them stay connected. Moreover, post-Covid-19, the media & entertainment sector adopted online platforms for users to enjoy them at home. These factors contribute to the growth of the market. Hence, higher 5G chipset market sales are expected in the coming years.
5G Chipset Market Dynamics:
Many factors drive the growth of the 5G chipset market. Various mobile and PC applications such as multiplayer gaming, video conferencing, distance education, and augmented reality require high-speed internet and large span network coverage. Hence, 5G microchips are the ideal solution. The need for transmitting data across the globe faster and data processing efficiency is also driving the growth of the 5G chipset market.
Many countries have already adopted smart city, car, and home solutions across the globe. In such cases, the adoption of a 5G network will accelerate the growth of the country’s annual GDP by a large fraction in the long term. The deployment of 5G networks also extends various opportunities for consumers and industries. The rise of cellular IoT networks also leads to 5G chipset market growth.
There are a few factors that act as restraints to the growth of the 5G microchips market. The most important factor among them is the high cost of 5G chipsets. Since these networks offer numerous benefits to the users, they are highly expensive. There were only available for premium smartphone users in 2019. The higher the performance, speed, and quality, the more you need to pay for its deployment. These factors may slow down the 5G market growth.
As of now, not many phones support the use of 5G cellular networks. Only premium smartphones support 5G use and they are very expensive. Moreover, not many 5G mobile phones are available in the market. Hence, people cannot deploy 5G cellular data as much, despite the high demand for the network. So catering to the demands of the global population comes as a challenge for the 5G chipset providers.
The 5G microchips market value is anticipated to reach nearly USD 9.22 billion over the forecast period with a CAGR of around 41.2%. The recorded market value of the market was around USD million in 2020. Over the few years, the market value has increased commendably due to the high demand for a 5G cellular network. Post-Covid-19, the market growth is expected to propel more with the need for high-speed and responsive wireless networks.
5G cellular network offers high-speed internet, quick data transmission across networks, and a larger span of network coverage. This chipset deployment is especially beneficial for users to communicate with friends and family overseas and improve their overall internet-user experience. Deployment of 5G helps increase the annual GDP of countries that enable smart city, home, and car provisions. It helps make your life easier with its various benefits.
The 5G chipset use reduces the network coverage and internet speed issues that people face in the 3G and 4G cellular networks. Moreover, the network traffic in them may cause poor or minimal data speed issues. This issue is eradicated in the 5G network, which offers an extremely high-speed network, across the globe.
5G Chipset Market Segment Overview:
The global 5G Chipset market is divided into various segments such as by type, product, operational frequency, and vertical. Given below are the important 5G Chipset market segments:
By Type:
By Product:
By Operational Frequency:
By Vertical:
5G Chipset Market Regional Analysis:
Based on region, the global 5G Chipset market is divided into North America, Europe, Asia Pacific, and Middle East & Africa. Among them, the Asia Pacific region is anticipated to dominate the global market with the highest share during the 5G Chipset market forecast. Countries such as China are moving forward in the innovation and development of 5G networks. These measures prove to increase the annual GDP of the countries by a large fraction. Moreover, the implementation of 5G expands opportunities for consumers and businesses alike.
5G Chipset Market Competitive Landscape:
The 5G microchips industry is dominated by a few companies that play a vital role in the growth of the market. These mobile encryption market companies are called key companies. They contribute to the largest share of the market profit. The key companies contribute to the growth of the market by using strategies such as product launches, technological advancements & developments, and collaborations.
5G Chipset Market Key Players:
Listed below are some of the major companies of the global 5G microchips market:
Recent Developments:
Qualcomm introduced the Snapdragon 750G 5G Mobile Platform in September 2020. It is the latest 5G mobile phone platform in the 7 series. It offers a 5G wireless network with HD resolution gaming and AI features.
In July 2020, the company introduced the Snapdragon 865 Plus 5G Mobile Platform. This platform helps offer better performance to enable supreme gameplay and Qualcomm elite gaming experience. It offers a global 5G network, high speed, and AI provisions.
Moreover, Qualcomm launched the first-ever 5G robotics platform with AI. This platform fuelled the growth of various AI-enabled robots and drones, for use in industries, enterprises, and other professional services. They were highly powerful, high-computing, and power-efficient.
Report Overview:
This report caters all information about the growth of the global 5G Chipset market over the forecast period. There are different sections presented that help to get full-fledged information such as opportunities, challenges, drivers, COVID 19 analysis, regional analysis, competitive landscape, and others. All the information is collected from reliable primary and secondary sources to provide the expected details of the 5G Chipset market analysis.
Report Detail:
Geographically:
Report Attribute/Metric | Details |
---|---|
Market Size | USD 9.22 Billion |
CAGR | 41.2% |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Operational Frequency |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Analog Devices Inc (US), Broadcom Inc (US), Huawei Technologies Co., Ltd (China), MACOM Technology Solutions Holdings Inc (US), Cavium Inc (US), Telefonaktiebolaget LM Ericsson Class B (Sweden), Fujitsu Ltd (Japan), ZTE Corporation (China), Hewlett Packard Enterprise Co (US), KT Corp (South Korea) |
Key Market Opportunities |
|
Key Market Drivers | The factors supporting the growth of 5G chipsets market include the growing demand for high-speed internet, and need for reduced power consumption and latency rate while accessing mobile internet. |
Frequently Asked Questions (FAQ) :
MACOM Technology Solutions Holdings Inc (US), Huawei Technologies Co., Ltd (China), Telefonaktiebolaget LM Ericsson Class B (Sweden), and Cavium Inc (US) are prompting market advancement.
A CAGR of 41.2% is estimated to put the market’s growth into perspective in the forecast period.
The Asia Pacific region is estimated to create a promising scope for expansion in the coming period.
The need for high-speed internet is expected to motivate the market in the upcoming period.
The improvement in connected devices is estimated to guide the growth pace in the global market.
5G chipsets enable rapid increase in amount of data transmitted over wireless systems
5G is the latest cellular technology which is expected to increase speed and responsiveness of the wireless network. With the implementation of 5G data, data transmitted over wireless broadband connections travels as high as expected to travel at maximum rate of 20 Gbps.