The global 5G chipset market was valued at approximately USD 39.32 billion in 2023 and is anticipated to experience a robust growth rate, expanding at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2030. Several key factors are contributing to this growth, including the increasing demand for extensive network coverage and high-speed internet services. Another important driver is the widespread use of Machine-to-Machine (M2M) communication technology, which is playing a significant role in transforming industries. Moreover, the growing adoption of 5G networks in various sectors, including smart cities, automotive technologies, and healthcare, is further stimulating the demand for 5G chipsets. The increased use of connected devices such as smartphones, tablets, and connected cars is also contributing to the expansion of the market.

The surge in the penetration and adoption of 5G-enabled smartphones worldwide is another crucial factor propelling the demand for 5G chipsets. As highlighted in the GSMA’s The Mobile Economy 2023 report, 5G adoption is set to rise, driven by the availability of more affordable devices and the continuous rollout of new 5G networks. By January 2023, there were approximately 229 commercial 5G networks deployed globally, and over 700 models of 5G smartphones had been launched, with more than 200 of these devices released in 2022 alone. Consequently, with the ongoing global launch of 5G smartphones, the demand for 5G chipsets is projected to increase significantly over the period from 2024 to 2030.

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

Regional Insights

North America is projected to experience substantial growth in the period from 2024 to 2030. The expansion of 5G networks across the region is a key driver, supporting the development of emerging technologies such as autonomous vehicles, augmented reality (AR), and virtual reality (VR). These technologies rely heavily on the low latency and high bandwidth capabilities provided by 5G networks, creating significant demand for 5G infrastructure and devices.

U.S. 5G Chipset Market Trends

The 5G chipset market in the U.S. is anticipated to grow at an impressive CAGR of 18.1% from 2024 to 2030. Several factors are contributing to this growth, including increased investments in smart homes, smart industries, and smart cities. U.S. consumers are also showing rising interest in high-graphics online gaming, further driving demand for high-performance chipsets. Additionally, the U.S. is establishing itself as an early adopter of self-driving cars and intelligent transportation systems, both of which require advanced 5G chipsets for real-time communication and data processing. These trends collectively point to a significant increase in the need for 5G chipsets in the country.

The Canada 5G chipset market is also set to grow significantly between 2024 and 2030. This growth is driven by the rising use of cloud gaming and the increasing consumption of high-quality video content in Canada. The shift toward cloud-based services and enhanced video streaming is expected to spur demand for faster, more reliable 5G networks, and consequently, for 5G chipsets.

Asia Pacific 5G Chipset Market Trends

The Asia Pacific region dominated the global 5G chipset market in 2023, holding a 41.20% share. This dominance is largely due to the rapid growth in high-speed connectivity and the widespread adoption of advanced technologies such as Internet of Things (IoT), artificial intelligence (AI), and cloud computing. The deployment of 5G chipsets plays a crucial role in meeting the demand for faster and more reliable connectivity, which supports a wide array of applications, from smart cities to healthcare, education, and transportation. Furthermore, several leading 5G chipset manufacturers are based in Asia Pacific, which fosters competition and drives innovation within the region.

China’s 5G chipset market is expected to grow at a robust CAGR of 21.9% from 2024 to 2030. This growth is largely fueled by the rapid adoption of 5G services by consumers, which is supported by the increasing availability of affordable 5G-enabled smartphones. As more Chinese consumers switch to 5G, the demand for 5G chipsets is expected to rise significantly.

India’s 5G chipset market is also anticipated to experience notable growth from 2024 to 2030. One of the main factors driving this growth is the increasing adoption of 5G-enabled smartphones across the country. According to estimates by the India Cellular & Electronics Association, the installed base of 5G handsets in India is expected to reach approximately 500 million by December 2025, up from an estimated 150 million at the end of 2023. This rapid expansion of 5G smartphone usage is expected to drive demand for 5G chipsets in India.

The Japan 5G chipset market is also expected to see substantial growth from 2024 to 2030. With major telecom operators having launched 5G networks in several key cities, Japan is leveraging 5G to drive industrial transformation across sectors such as manufacturing, transportation, and healthcare. The demand for high-speed, low-latency connectivity to support these applications is expected to fuel the growth of the 5G chipset market in Japan.

Europe 5G Chipset Market Trends

The 5G chipset market in Europe is projected to grow at a strong CAGR of 20.0% from 2024 to 2030. This growth is largely driven by the rollout of 5G networks using low-band spectrum and the increasing availability of 5G smartphones across European countries. As more consumers and businesses adopt 5G technology, the demand for 5G chipsets is expected to rise.

The UK’s 5G chipset market is set to grow at a significant pace, supported by increasing government investments and initiatives aimed at rolling out standalone 5G networks across the country. These efforts are expected to boost the market’s growth from 2024 to 2030.

Similarly, the 5G chipset market in Germany is expected to grow at a notable CAGR during the same period. Demand for high-speed connectivity in both urban and rural areas is rising, driven by the increasing use of smartphones for activities such as gaming, video streaming, and remote work. These factors are expected to propel the demand for 5G chipsets in Germany.

MEA 5G Chipset Market Trends

The 5G chipset market in the Middle East and Africa (MEA) region is expected to grow at a significant CAGR of 21.4% from 2024 to 2030. This growth is driven by the rapid expansion of 5G networks in the region and the growing number of smartphone connections. As digital awareness increases and affordable devices become more accessible, the adoption of smartphones and 5G technology is rising across MEA, driving demand for 5G chipsets.

The Kingdom of Saudi Arabia (KSA) 5G chipset market is expected to see strong growth during the forecast period. The rise of next-generation technologies such as IoT, autonomous vehicles, smart cities, augmented reality/virtual reality (AR/VR), and industrial automation is fueling the development and adoption of 5G chipsets in Saudi Arabia. These advanced applications require robust 5G infrastructure, further driving the demand for 5G chipsets in the country.

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Key 5G Chipset Company Insights

Some of the key companies operating in the market include MediaTek Inc.; Samsung Electronics Co., Ltd.; Infineon Technologies AG; Huawei Technologies, Inc.; and Qualcomm Technologies, Inc.

• MediaTek Inc. is a global provider of fabless semiconductors. The company develops innovative systems-on-chip (SoC) for mobile devices, connectivity, home entertainment, and IoT products.
• Infineon Technologies AG is a global semiconductor provider. The company designs, manufactures, develops, and markets application-specific integrated circuits. It provides microcontrollers, interfaces, sensors, and transistor products.

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

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