5G Chipset market size will grow from in 2017 to by 2023, at an estimated CAGR of . The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The 5G chipset market in APAC is foreseen to grow at a significant rate. The growth of the 5G chipset market in APAC is mainly driven by increasing developments (such as R&D activities, investments, and partnerships among companies) related to 5G in countries such as Japan, China, and South Korea. 5G has been launched in 9 countries, and 12 others have planned to roll out in the near future in Asia Pacific. China is one of the major countries involved in the development of 5G network infrastructure. The Chinese government has been quick off the mark in coordinating and stimulating 5G research in China.
5G chipset market has been divided into devices, customer premises equipment, and network infrastructure equipment. The customer premises equipment segment is expected to account for a major share, in terms of revenue, by 2019, owing to large-scale deployment of 5G chipsets in smartphones, wearable devices, tablets, and other consumer electronics devices.
global 5G chipset market was valued at USD 1.32 billion in 2019 and is expected to grow at a CAGR of 47.6% during the forecast period Request for sample copy @ https://www.polarismarketresearch.com/industry-analysis/5g-chipset-market/request-for-sample
5G stands for 5th generation mobile network which is a new global wireless standard designed to connect virtually with everyone and everything together including machines, objects and devices. It is meant to deliver peak data speeds in Gbps with ultra-low latency, more reliability, massive network capacity and more uniform experience to users. Chipsets are integrated with 5G and used in every industry for its widespread potential capabilities.
The 5G chipset 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. https://www.marketsandmarkets.com/Market-Reports/5g-chipset-market-150390562.html
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