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5G Chipset Market Worth 22.41 Billion USD by 2026PUNE, India, June 12, 2018 /PRNewswire/ -- According to the latest market research report "5G Chipset Market by IC Type (RFIC, ASIC, Cellular IC, mmWave IC), Operational Frequency (Sub-6 GHz, Between 26 & 39 GHz, Above 39 GHz), Product (Devices, CPE, Network Infrastructure Equipment), End-User Industry, and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the overall market is estimated to be valued at USD 2.03 Billion in 2020 and is expected to be worth USD 22.41 Billion by 2026, at a CAGR of 49.2% from 2020 to 2026. Increasing M2M/IoT connections are fueling the growth of the 5G chipset market. Increasing demand for mobile data services and high demand anticipated from 5G-enabled smartphones are the other key factors driving this market. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Early buyers will receive 10% customization on this report ASIC to hold largest market share from 2020 to 2026 ASIC is expected to hold the largest share of the 5G chipset market from 2020 to 2026. Demand for 5G-enabled smartphones is expected to result in the largest share of ASIC in the 5G chipset market. Many companies are in the process of developing ASIC chipsets to emerge as early providers and showcase commercial readiness for 5G. ASIC chipsets are mainly used in applications such as consumer electronics, autonomous cars, and industrial automation. 5G chipset market for mmWave frequency band to grow at highest CAGR from 2020 to 2026 The 5G chipset market for mmWave frequency band (between 26 and 39 GHz) is expected to grow at the highest CAGR during the forecast period. High bandwidth offered by this spectrum and the improving paticipation of telecom service providers in this spectrum are fueling the growth of this frequency band. This spectrum is a mixture of licensed and unlicensed spectrum. A world radiocommunication conference (WRC) to be held in 2019 holds the key to realizing the full potential of 5G bands above 24 GHz. Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=150390562 Consumer electronics to account for largest market size between 2020 and 2026 The 5G chipset market is expected to be led by the consumer electronics end-user industry. This can be attributed to the proliferation of 5G-enabled consumer electronic devices in the market. After the commercialization of 5G network connectivity, it is expected that there will be high demand for 5G-enabled smartphones with high-speed internet connectivity. Hence, the consumer electronics industry is estimated to hold the largest share of the 5G chipset market in 2020. North America to lead 5G chipset market in terms of market size North America is estimated to account for the largest share of the 5G chipset market in 2020. High demand for advanced technologies such as connected cars, machine-to-machine communication, and artificial intelligence will offer huge opportunities for the growth of the 5G chipset market in North America. Additionally, North America has emerged as a prominent region in terms of the development, testing, adoption, and implementation of 5G network services and applications. Companies that are profiled in this report are Intel (US), Xilinx (US), Samsung Electronics (South Korea), Qualcomm Technologies (US), IBM (US), Nokia (Finland), Qorvo (US), Infineon Technologies (US), Integrated Device Technology (US), and Anokiwave (US). Know more about the 5G Chipset Market: https://www.marketsandmarkets.com/Market-Reports/5g-chipset-market-150390562.html MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets 
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