5G Chipset Market to reach US$ 180 Billion by 2032 - Future Market Insights, Inc.
5G will usher in the next generation of wireless technology, enabling faster speeds, lower latency and massive connectivity. This research report provides an overview of the 5G chipset market, including key players and applications
NEWARK, Del, May 26, 2022 /PRNewswire/ -- According to a recent study done by FMI, the 5G chipset market is expected to reach US$ 180 Billion by 2032, up from US$ 21 Billion in 2022, expanding at a high CAGR of 25.5%. This study explains that the rising demand for high-speed internet and large network coverage for several applications, such as distance learning, autonomous driving, multi-user gaming, videoconferencing, live streaming, telemedicine, and augmented reality, is expected to propel the growth of the 5G chipset market.
The speed and reliability of 5G are expected to have a massive impact on machine-to-machine (M2M) and IoT. Key reasons for the increased adoption of new M2M technologies are better connectivity for smooth communication and low power requirement. The existing capacity of mobile networks must be able to handle billions of nodes that are expected to ascend in the next couple of years to achieve effective M2M communication.
Currently, the network capacity is incapable of handling M2M and human-based communications, as well as their different communication patterns such as latency time. For this reason, a next-level cellular network for mobile communication, featuring hyper-connectivity and larger bandwidth, is required (e.g., 5G network). M2M communication technology will be widely used in heavy manufacturing industries and process industries (e.g., food industries) to increase the efficiency of different processes and reduce human interference with machines. M2M communication is thus expected to drive the 5G chipset market.
Key Takeaways from the Market Study
"Continuous development of cellular networks has enabled users to experience faster data rates with low latency, which is anticipated to propel the industry growth over the forecast period," remarks an FMI analyst.
Players in the global 5G Chipset Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
Key Segments Covered in The 5G Chipset Market Report
5G Chipset Market by Type:
5G Chipset Market by Process Node:
5G Chipset Market by Frequency:
5G Chipset Market by Application:
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-14788
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on 5G Chipset
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
Know More About What the 5G Chipset Market Repost Covers
Future Market Insights offers an unbiased analysis of the global 5G chipset market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.
To understand opportunities in the 5G chipset market, the market is segmented on the basis of type, process node, frequency, and application across five major regions.
Speak to our Research [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-14788
About Technology Division at Future Market Insights
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Have a Look at Related Research Reports:
Finance Cloud Market to reach a valuation of US$ 90.11 Billion by 2032 - Comprehensive Research Report by FMI
Telecom Power Systems Market is likely to reach US$ 12.03 Bn by 2032 - Comprehensive Research Report by FMI
Portable Monitor Market is likely to reach US$ 1,848.51 Mn by 2032 - Comprehensive Research Report by FMI
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc.