5G Chipset Market Report 2025 - 2033: End User in Electronics, Industrial Automation

The global 5G chipset market is experiencing robust growth, driven by escalating demand for high-speed internet and advanced data services across various sectors. In 2024, the market reached a valuation of USD 7.9 billion and is projected to soar to USD 85.4 billion by 2033, reflecting a compound annual growth rate (CAGR) of 30.2% during 2025-2033. Key factors propelling this growth include the widespread adoption of IoT devices, significant investments in 5G network deployment, and supportive government policies. Notably, the Asia-Pacific region holds the largest market share, attributed to rapid network deployment and government support. 

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033

5G CHIPSET MARKET KEY TAKEAWAYS

• Market Size and Growth: The global 5G chipset market was valued at USD 7.9 billion in 2024 and is anticipated to reach USD 85.4 billion by 2033, growing at a CAGR of 30.2% during 2025-2033.
• Regional Dominance: Asia-Pacific leads the market, with countries like China and South Korea at the forefront due to rapid 5G network deployment and supportive government initiatives.
• Technological Advancements: The integration of 5G chipsets in consumer electronics, especially smartphones, and industrial automation sectors is a significant trend enhancing market growth.
• IoT and Smart Cities: The proliferation of IoT devices and smart city initiatives are contributing to the increased demand for 5G chipsets.
• Energy-Efficient Solutions: The introduction of energy-efficient and cost-effective chipset solutions is creating a positive outlook for the market.
• Government Support: Substantial investments and supportive policies from governments worldwide are facilitating the expansion of 5G infrastructure.

MARKET GROWTH FACTORS

1. Increasing demand for high-speed and low-latency 5G networks

5G chipsets are the critical components enabling high-speed and low-latency 5G networks by integrating advanced technologies like millimeter-wave (mmWave) frequencies and massive Multiple Input, Multiple Output (MIMO) antennas to maximize network efficiency and performance. mmWave frequencies, with their vast bandwidth potential, are processed efficiently by these chipsets to facilitate multi-gigabit speeds, while massive MIMO with beamforming technology allows for directing and strengthening signals, enhancing both data rates and reliability.

Additionally, features like Network Slicing enable the creation of virtual networks tailored to specific applications, ensuring optimized resource allocation for demanding use cases such as ultra-reliable low-latency communication (URLLC), crucial for applications like autonomous driving and remote surgery that necessitate near-instantaneous responses and minimal delays. This combination of hardware and network capabilities, orchestrated by the 5G chipset, translates into a significant leap in network performance compared to previous generations, opening doors for transformative applications across various industries. 

2. Expansion of 5G Infrastructure

The expansion of 5G infrastructure directly fuels the demand for 5G chipsets, as every component in a 5G network, from base stations and routers to smartphones, requires specialized chipsets to function. As network operators globally invest in and deploy 5G infrastructure, including macro cells and small cells, the demand for these crucial semiconductor components, designed to support high speeds, low latency, and enhanced capabilities like massive MIMO and beamforming, continues to surge. This symbiotic relationship drives innovation in chipset technology, with advancements in processing nodes and the integration of features like AI, leading to more efficient, compact, and powerful 5G solutions essential for building the future of connected devices and industries. 

3. Increasing adoption of 5G-enabled Devices

The widespread adoption of 5G-enabled devices, particularly smartphones, is a key driver for the 5G chipset market, as every device requires these specialized components to access 5G networks and their enhanced features, including high-speed connectivity, low latency, and expanded capacity. This growing consumer demand for faster mobile experiences, driven by activities like high-definition video streaming, online gaming, and AR/VR applications, motivates device manufacturers to integrate advanced 5G chipsets, in turn fueling innovation in chipset technology and leading to the release of more affordable 5G-enabled smartphones that further accelerate adoption and market growth. The proliferation of connected devices, including those in smart homes, smart cities, and industrial automation, also contributes significantly, with 5G enabling the necessary low-latency and high-speed communication required for real-time data processing and advanced IoT applications. 

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MARKET SEGMENTATION

Breakup by Chipset Type:

• Application-Specific Integrated Circuits (ASIC): Custom-designed chips optimized for specific applications, offering high performance and efficiency in 5G devices.
• Radio Frequency Integrated Circuit (RFIC): Chips that handle radio frequency signals, essential for wireless communication in 5G networks.
• Millimeter Wave Technology Chips: Chips operating at high-frequency bands, enabling ultra-fast data transmission in 5G networks.
• Field-Programmable Gate Array (FPGA): Reconfigurable chips that can be programmed post-manufacturing, offering flexibility in 5G applications.

Breakup by Operational Frequency:

• Sub 6 GHz: Frequency bands below 6 GHz, providing broad coverage and reliable connectivity in 5G networks.
• Between 26 and 39 GHz: High-frequency bands offering faster data rates and lower latency, suitable for dense urban areas.
• Above 39 GHz: Extremely high-frequency bands enabling ultra-high-speed data transmission over short distances.

Breakup by End User:

• Consumer Electronics: Devices like smartphones and tablets that utilize 5G chipsets for enhanced connectivity and performance.
• Industrial Automation: Manufacturing and industrial processes leveraging 5G for real-time monitoring and control.
• Automotive and Transportation: Vehicles and transportation systems integrating 5G for improved communication and automation.
• Energy and Utilities: Energy sector applications using 5G for smart grid management and efficient resource distribution.
• Healthcare: Medical devices and telemedicine services employing 5G for real-time data transmission and remote consultations.
• Retail: Retail operations utilizing 5G for enhanced customer experiences and efficient inventory management.
• Others: Additional sectors adopting 5G technology for various applications.

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

REGIONAL INSIGHTS

When it comes to the global 5G chipset market, the Asia-Pacific region is really leading the charge, fueled by the rapid deployment of 5G networks and strong support from governments. Nations like China and South Korea are at the forefront of 5G adoption, investing heavily in infrastructure and creating favorable policies. This forward-thinking approach has resulted in a high number of 5G-enabled devices and services, firmly establishing the region as a market leader.

RECENT DEVELOPMENTS & NEWS

The latest trends in the 5G chipset market reveal an exciting surge in the use of 5G technology within consumer electronics, particularly smartphones, and in various commercial sectors like IoT and industrial automation. The arrival of energy-efficient and cost-effective chipset solutions is setting a positive tone for the future of the 5G chipset market. These advancements highlight the market's lively nature and its quick response to tech progress and consumer preferences.

Key Players

Broadcom Inc, Huawei Technologies Co., Ltd., Infineon Technologies Ag, Intel Corporation, Mediatek Inc, Nokia Corporation, Qorvo, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., Xilinx Inc, etc.

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