5G Chipset Market Worth $143.69 Billion by 2030: Grand View Research, Inc.

Read full market research report for more latest industry insights, "5G Chipset Market Size, Share & Trends Analysis Report By Type, By Operating Frequency, By Processing Node Type, By Deployment Type, By Vertical, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

5G Chipset Market Growth & Trends

Additionally, there is an increasing focus on the development of specialized 5G chipsets for specific use cases, such as IoT devices, automotive applications, and virtual and augmented reality applications, which bodes well for the growth of the market over the coming years. The rising demand for high-speed internet is a major driving force behind the growth of the market. With the increasing popularity of bandwidth-intensive applications such as high-quality video streaming, virtual and augmented reality, and cloud gaming, there is a need for faster and more reliable internet connectivity.

The 5G network is designed to provide significantly faster download and upload speeds, lower latency, and greater capacity than previous generations of wireless networks. As a result, there is a growing need for 5G chipsets that can enable high-speed internet connectivity for a wide range of devices, including smartphones, laptops, IoT devices, and more.

With the rollout of 5G networks in many parts of the world, consumers are increasingly looking for devices that can take advantage of the new technology. 5G smartphones offer faster download and upload speeds, lower latency, and greater capacity than previous generations of smartphones, allowing users to enjoy faster and more reliable internet connectivity. As a result, there is a growing need for 5G chipsets that can power these devices, enabling them to provide the high-speed connectivity that users demand.

The COVID-19 pandemic increased the demand for remote work and online education, which in turn led to a surge in demand for devices that can provide fast and reliable internet connectivity. This created an opportunity for the market, as 5G technology is designed to provide faster and more reliable connectivity than previous generations of wireless networks. As a result, there was a significant increase in demand for 5G-enabled devices, including smartphones, laptops, and IoT devices.

5G Chipset Market Segmentation

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

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

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

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

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

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

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

List of Key Players in the 5G Chipset Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

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.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/5g-chipset-market-worth-143-69-billion-by-2030-grand-view-research-inc-301819333.html