5G mobile devices are expected to cartel with the familiar sub-6GHz bands with the new MIMO antenna system, along with the high-frequency MM wave bands with the highly-focused beam-steering. With diverse global spectrum assignment and the requirement for the devices to function in both standalone and non-standalone use cases, chipset test matrix is huge. Device Radio Frequency testing goes much quicker if the device designer is using same channel & traffic emulation as the chipset designers and carrier architect . The growth of the 5G Chipset Market is highly reliant on the growth of the automotive and consumer electronics industry.
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Continuously growing demand for the very high speed internet and broad network coverage with reduced power consumption and latency is acting as a major growth driver for the 5G Chipset Market. Therefore, continuously increasing machine to machine or IoT connection is leading towards the higher adoption of the 5G chipsets. In addition, increasing demand for the mobile data services is also anticipated to increase the demand of the 5G chipset in the upcoming years. Continuously growing acceptance of the devices which support 5G NR having integrated gigabit LTE is also one of the major growth driver for the 5G chipset market. In turn this is also projected to affect the 5G Chipset Market in a positive manner during the forecast period.
In spite of many driving factors, the 5G Chipset Market is expected to show a shrink and fluctuation in growth rate because of the very high hardware price which is involved in the terrestrial network densification. Uneven spectrum distribution is also acting as one of the major constraint for the 5G Chipset Market. Disagreement related to industry standards in between the chipset makers and the operators are acting as restraining factor for the growth of usage of 5G Chipset Market. Integration of the 5G services with the satellite communication and strategic partnership with the system integrator in the emerging economies is expected to act as key opportunities for the 5G Chipset Market.
For the purpose of doing in depth analysis, the 5G Chipset Market has been segmented on the basis of type, operational frequency, product, end use industry and geography. Based on the type, the 5G Chipset Market has been segmented into four categories those are ASIC, RFIC, Cellular IC and mmwave IC. By operational frequency, the market has been segmented into three categories those are Sub-6 GHz, 26 to 39 GHz and more than 39 GHz. By product, 5G Chipset Market has been segmented into three categories those are devices, network infrastructure equipment and customer premises equipment .By end use industry the market has been segmented into eight categories those are consumer electronics, industrial automation, building automation, retail, healthcare, energy & utilities, automotive & transportation and others. Moreover, this report also provide cross functional analysis of all the above mentioned segment across different regions such as Europe, North America, Asia Pacific, Middle East & Africa and South America. By operational frequency, the Sub-6 GHz segment is expected to capture largest market share in the forecast period. Wider availability of this particular frequency band and the ability to provide numerous 5G use cases is driving the market for this segment. By end use industry automotive and transportation is expected to capture the highest market share and is also estimated to drive the growth for this particular segment. Major automotive applications like V2V, V2P and V2N is expected to drive the market for this segment. Geographically, the global 5G Chipset Market is mainly driven by the APAC region. Very high demand for the advanced technologies like M2M communication, connected cars and AI is expected to drive the market for this region. Growing application of the 5G Chipset in IoT and on demand video service is also expected to drive the growth for this market in this region. Trend towards the implementation of the smart building and smart city projects is also acting as a major trend for the 5G Chipset Market.
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Some of the leading players operating in the 5G Chipset Market includes Qualcomm Technologies, Integrated Device Technology, Infineon Technologies, IBM, Qorvo, Xilinx, Samsung Electronics, Nokia, Intel, Anokiwave, Broadcom, Analog Devices, among others.
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This post was originally published on Commerce Gazette