Internet
5G Chipset Market Size Worth $21.8 Billion by 2025 | CAGR: 69.7%: Grand View Research, Inc.
The growing popularity of 5G-enabled smartphones is emerging as a major factor CAGR of 69.7% that is estimated to propel the market growth over the forecast period. Key smartphone manufacturers are responding to the growing demand for 5G smartphones by investing aggressively on vertical integration in order to diversify their business and augment their revenues. For instance, in July 2019 , Apple, Inc. acquired Intel Corporation's smartphone modem business segment for USD 1.0 billion . The acquisition was primarily focused on developing 5G chipset components for Apple Inc.'s new upcoming 5G-enabled iPhone.
5G chipset components are expected to play a crucial role in smart city projects by facilitating seamless connectivity for smart infrastructure, smart grids, smart streetlights, and building energy automation devices. These chipsets are also poised to become an integral part of the manufacturing sector by enabling ultra-low latency and high-reliability connectivity for various critical applications, such as remote process monitoring and control. The growing deployment of these chipsets to provide robust connectivity for machines to machine (M2M) communications in the manufacturing sector is anticipated to drive the market growth over the forecast period.
However, rising concerns over the security of the data being exchanged over fifth-generation networks are expected in hinder the market growth. Particularly in countries, such as the U.S., the U.K., and Germany , among others, governments are highly concerned about data security and privacy issues. Several governments have also drafted stringent regulations and policies to ensure the security of the data being transferred over fifth-generation networks.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email:
Web:
Follow Us: |
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg