Growth in the 5G chipset market

27th November 2023
Sheryl Miles

According to Adroit Market Research, the market for 5G chipsets was valued at $13.29 billion and is projected to reach $92.09 billion by 2030, growing at a compound annual growth rate (CAGR) of 21.10%.

Understanding 5G chipsets

A 5G chipset, an integrated circuit (IC) or microchip, is specifically designed to support and enable 5G connectivity in devices such as smartphones, tablets, modems, routers, and other connected devices. It plays a crucial role in managing communication between the device and the 5G network.

A typical chipset comprises multiple integrated circuits, including a baseband or modem processor, an RF transceiver, and various auxiliary components. These components work together to handle complex 5G communication tasks like data encoding and decoding, signal transmission and reception, and network protocol management.

Consumer demand for 5G technology

As 5G networks begin to be deployed in various parts of the world, consumers are increasingly seeking devices capable of utilising this new technology.

Compared to previous generations, 5G devices offer faster upload and download speeds, lower latency, and more storage capacity, allowing users to access the internet more swiftly and reliably. Consequently, there is a growing demand for 5G chipsets to power these devices and provide the high-speed connectivity consumer’s desire.

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