The global 5G chipset market size was estimated at USD 39.32 billion in 2023 and is expected to grow at a CAGR of 20.7% from 2024 to 2030. Increasing demand for broad network coverage and high-speed internet and high use of Machine-to-Machine (M2M) communication technology are some of the major growth driving factors. In addition, the growing adoption of 5G networks in smart cities, automobiles, and the healthcare sector is also driving the demand for 5G chipsets. The surged use of connected cars, connected devices, smartphones, and tablets is further contributing to the market growth.

The increasing penetration, adoption, and launch of 5G smartphones across the world is driving the demand for 5G chipsets. According to the GSMA’s The Mobile Economy 2023 report, 5G adoption is expected to increase owing to cheaper devices and new network deployments. By January 2023, there were around 229 commercial 5G networks across the globe, with more than 700 5G smartphone models launched, including more than 200 in 2022. Thus, with the growing number of 5G smartphone launches worldwide, the demand for 5G chipsets is expected to rise between 2024 and 2030.

Gather more insights about the market drivers, restrains and growth of the 5G Chipset Market

Detailed Segmentation:

Type Insights

The RFICs segment dominated the market in 2023 and accounted for a 45.09% share of the global revenue. The rising demand for RF transceivers ICs in smartphones is a major factor contributing to the segment growth. Additionally, the growth in mobile data traffic is driving the need for higher bandwidth and faster data rates which requires more advanced RF transceiver ICs capable of supporting a wider range of frequency bands and modulation schemes. At the same time, the increasing complexity of smartphones, which require more RF transceiver ICs to support multiple antennas for functions such as 4G/5G connectivity, Wi-Fi, Bluetooth, GPS, and NFC is a significant factor contributing to the segment growth.

Operating Frequency Insights

The Sub-6 GHz segment dominated the market in 2023. Rising adoption of Sub-6 GHz technologies to provide widespread coverage in urban and rural areas, as these frequency bands offer greater range and penetration than the higher mmWave bands is a major factor contributing to the segment growth. 5G chipsets for Sub-6 GHz frequencies are designed to support the lower frequency bands used for 5G communications. These chipsets typically include a range of advanced features and technologies to optimize network performance and improve user experience. One key feature of 5G chipsets for Sub-6 GHz is support for Massive MIMO antenna systems, which enable the use of multiple antennas to improve network capacity and performance.

Processing Node Type Insights

The 7 nm segment dominated the market in 2023. The rising adoption of 7 nm technology nodes in chip design, as it offers reduced power consumption, improved switching performance, and higher density, is a major factor contributing to the segment growth. Manufacturers across the globe early focus on producing 5G chipset components using a 7nm processor node. Major industry participants such as MediaTek Inc., Huawei Technologies Co. Ltd., Intel Corporation, and Qualcomm Incorporated are initially concentrating on creating 5G chipset components using a 7nm processing node. Moreover, the 7nm process also offers improved performance over larger process nodes, which is important for meeting the demanding requirements of 5G networks, such as high data rates, low latency, and reliable connectivity.

Deployment Type Insights

The smartphones segment dominated the market in 2023. Increasing consumer demand for faster and more reliable mobile connectivity is a major factor contributing to the segment growth. With the rise of mobile video streaming, online gaming, and other data-intensive applications, consumers are looking for smartphones that can deliver faster data speeds and lower latency. This has led to the development of 5G chipsets that are optimized for use in smartphones, offering advanced features such as support for multiple bands, higher data rates, and improved power efficiency.

Vertical Insights

The IT & telecom segment dominated the market in 2023. Major manufacturer's considerable efforts in creating 5G chipset modules for telecom base stations, broadband gateway devices, and other communication equipment is a significant factor contributing to the segment growth. With the increasing usage of data-intensive applications, such as video streaming and cloud services, there is a growing need for faster and more reliable networks. The use of 5G chipsets in IT and Telecom infrastructure can help meet this demand by enabling faster and more efficient data transfer, which can enhance the overall performance of the infrastructure.

Regional Insights

North America is expected to witness significant growth from 2024 to 2030. The deployment of 5G networks in North America is enabling the growth of emerging technologies such as autonomous vehicles, augmented reality, and virtual reality, which rely on low latency and high bandwidth.

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Key Companies & Market Share Insights

Unisoc Communications Inc.; Qorvo, Inc.; and Murata Manufacturing Co., Ltd. are some of the emerging companies in the 5G chipset market.

• Qorvo, Inc. provides power and radio frequency (RF) technologies and solutions to infrastructure, mobile, the IoT, power management and defense/aerospace markets.
• Unisoc Communications Inc. is a chip manufacturer. The company’s product portfolio includes baseband chips, radio frequency front-end chips, radio frequency chips, mobile communication central processing units, AI chipsets, and other computing, communication, and control chips, etc.

Key 5G Chipset Companies:

The following are the leading companies in the 5G chipset market. These companies collectively hold the largest market share and dictate industry trends.

• Huawei Technologies, Inc.
• MediaTek Inc.
• Intel Corporation
• Samsung Electronics Co., Ltd.
• Infineon Technologies AG
• Qualcomm Technologies, Inc.
• Unisoc Communications Inc.
• Qorvo, Inc.
• Murata Manufacturing Co., Ltd.
• MACOM

5G Chipset Market Segmentation

Grand View Research has segmented the global 5G chipset market based on type, operating frequency, processing node type, deployment, vertical, and region:

5G Chipset Type Outlook (Revenue, USD Million, 2019 - 2030)

• Modems
• RFICs
  • RF Transceivers
  • RF FE
• Others

5G Chipset Operating Frequency Outlook (Revenue, USD Million, 2019 - 2030)

• Sub-6 GHz
• 24-39 GHz
• Above 39 GHz

5G Chipset Processing Node Type Outlook (Revenue, USD Million, 2019 - 2030)

• 7 nm
• 10 nm
• Others

5G Chipset Deployment Type Outlook (Revenue, USD Million, 2019 - 2030)

• Telecom Base Station Equipment
• Smartphones/Tablets
  • Single-Mode
    • Standalone
    • Non-Standalone
  • Multi-Mode
• Connected Vehicles
  • Single-Mode
    • Standalone
    • Non-Standalone
  • Multi-Mode
• Connected Devices
  • Single-Mode
    • Standalone
    • Non-Standalone
  • Multi-Mode
• Broadband Access Gateway Devices
  • Single-Mode
    • Standalone
    • Non-Standalone
  • Multi-Mode
• Others
  • Single-Mode
    • Standalone
    • Non-Standalone
  • Multi-Mode

5G Chipset Vertical Outlook (Revenue, USD Million, 2019 - 2030)

• Manufacturing
• Energy & Utilities
• Media & Entertainment
• IT & Telecom
• Transportation & Logistics
• Healthcare
• Others

5G Chipset Regional Outlook (Revenue, USD Million, 2019 - 2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
• Middle East & Africa
  • Kingdom of Saudi Arabia
  • UAE
  • South Africa

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Recent Developments

• In November 2023, MediaTek Inc. announced the power-efficient chipset, a Dimensity 8300 for premium 5G smartphones. Dimensity 8300 combines generative AI features, adaptive gaming technology, power-efficient solutions, and rapid connectivity to deliver top-tier experiences tailored for premium 5G smartphones.
• In February 2023, Qualcomm Technologies, Inc., a semiconductor technology company, launched Snapdragon X75, its new 6th generation 5G radio frequency modem. The Snapdragon X75 5G modem's primary new feature is compatibility with 5G-Advanced (5G-A), a network protocol that will provide an advancement over standard 5G connection.
• In May 2022, MediaTek Inc., a semiconductor company, unveiled its first mmWave 5G chipset, the Dimensity 1050 System-on-Chip (SoC), which would power the next generation of 5G devices with seamless connection, displays, gaming, and power efficiency. MediaTek Inc. also revealed two new chipsets, the Dimensity 930 and the Helio G99, to broaden its 5G and gaming chip families.