5G Chipset Market Scope
5G Chipset is the main component in consumer devices, and network infrastructure equipment, it allows the user to form a wireless network which is based on the 5G standard. It is also referred to as the next generation of mobile networks that is far away from the current 4G LTE mobile network. These networks provide a wide range of frequency which ensures a great performance of the network and empowers new user experiences to the new industries. Increasing establishment of 5G infrastructure and 5G chipset unlocks varieties of opportunities and classifies a broad range of industries with different segments of day to day life such as connected services from education to retail, healthcare to consumer electronics and transportation to entertainment. Rising urbanization coupled with the need of high-speed internet globally will drive the market for the 5G chipset.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global 5G Chipset market throughout the predicted period.
Qualcomm Technologies (United States), Intel (United States), Nokia (Finland), Samsung Electronics (South Korea), Xilinx (United States), IBM (United States), Qorvo (United States), Infineon Technologies (United States), Integrated Device Technology (United States) and Anokiwave (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global 5G Chipset market by Type (Radio Frequency Integrated Circuit (RFIC), Application-Specific Integrated Circuit (ASIC), Cellular Integrated Circuit (Cellular IC) and Millimeter Wave Integrated Circuit (mmWave IC)), by Application (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics and Public Safety & Surveillance) and Region with country level break-up.
On the basis of geography, the market of 5G Chipset has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption of Latest Technologies, Such As Artificial Intelligence and Machine-To-Machine Communication
Market Growth Drivers:
Growing Demand for High-Speed Internet and Broad Network Coverage, Increase in Demand for Mobile Broadband Services and Increasing Electronic Devices with Internet Compatibility Globally
Challenges:
Issue Related to Technological Design Challenges and Concern Related to Inter-Cell Interference
Restraints:
High Hardware Cost Involved in 5G Chipset and Concern Related to Fragmented Spectrum Allocation
Opportunities:
Integration Of 5G Services with Satellite Communication and Growing Number of Research and Development Activities Related To 5G Technology in Developing Nations
Market Leaders and their Expansionary Development Strategies
On 3rd December 2018, Samsung a United States based global leader of smartphone provider and Verizon are partnered to lunch next generation cellular technology 5G enabled smart phones in 2019.
On 6th December 2018, One Plus a leading smartphone providers has announced that they are planning to launch 5G enable smartphone in 2019.
On September 2018, as per an article published by Salmon River Restoration Council (SRRC), The European Union (EU) needs to take firm regulatory action on future 5G mobile networks. Furthermore, Europe’s mobile ecosystem would be valued a total of USD 807.63 billion to the regional economy
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.