Global 5g Chipset Market Size & Outlook
Global 5g chipset market, 2019-2030 (US$M)
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Global 5g chipset market highlights
- The global 5g chipset market generated a revenue of USD 33,462.3 million in 2022 and is expected to reach USD 143,686.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 20% by 2030.
- In terms of segment, rfics accounted for a revenue of USD 14,981.1 million in 2022.
- RFICs is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 33,462.3 million |
| Market revenue in 2030 | USD 143,686.2 million |
| Growth rate | 20% (CAGR from 2022 to 2030) |
| Largest segment | Rfics |
| Fastest growing segment | RFICs |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Modems, RFICs |
Other key industry trends
- In terms of revenue, the North America accounted for 24.2% of the global 5g chipset market in 2022.
- By country, the Canada is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 14,860.5 million by 2030.
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5G Chipset Market Scope
5G Chipset Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global 5g chipset market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5g chipset market will help companies and investors design strategic landscapes.
rfics was the largest segment with a revenue share of 44.77% in 2022. Horizon Databook has segmented the Global 5g chipset market based on modems, rfics covering the revenue growth of each sub-segment from 2019 to 2030.
This has led to a surge in demand for 5G chipsets in smartphones, tablets, and other connected devices. Additionally, the rise in the use of connected cars, smart homes, and other IoT devices has further fueled the demand for 5G chipsets, thereby contributing to the growth of the market. Several 5G chipsets solution providers are launching 5G chipsets for budget and mid-segment smartphones and address the growing demand for high-speed internet connectivity from end users.
In September 2022, Qualcomm Technologies, Inc., a semiconductor company, launched Snapdragon 4 Gen 1 and Snapdragon 6 Gen 1 delivering 5G capabilities to mid-tier and low-cost devices. Snapdragon 6 and Snapdragon 4 are series enhancements that offer breakthroughs in capture, communication, entertainment, and AI.
The driving trends of machine-to-machine (M2M) connections are playing a significant role in driving the growth of the market. M2M connections refer to the direct communication between devices or machines without the need for human intervention.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global 5g chipset market , including forecasts for subscribers. This global databook contains high-level insights into Global 5g chipset market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Global 5g chipset market statistics, by regions, 2019-2030 (US$M)
Top 10 countries: 5g chipset market size, 2022 (USD Million)
Top 10 countries: 5g chipset market size, 2022 (USD Million)
Global 5g chipset market, by region, 2022 (US$M)
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