DUBLIN, March 23, 2023 /PRNewswire/ -- The "5G Chipsets Market by Type (Modems, RFICs), Frequency (Sub - 6 GHz, 24 - 29 GHz, Above 39 GHz), Process Node (Less than 10 nm, 10 to 28 nm, Above 28 nm), End-use (Telecommunication Infrastructure, Mobile Devices) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The 5G Chipsets market is projected to reach USD 81.0 billion by 2028, growing at a CAGR of 17.4% from 2023 to 2028. This report covers key end-uses, namely, Telecommunication Infrastructure, Mobile Devices, Non-mobile Devices, and Automobiles.
<>The Modems segment is projected to grow at a sizable CAGR in the market during the forecast period
The modem or baseband processor converts the data to a signal that can be used to modulate the carrier frequency for transmission and vice versa.
A baseband processor is a chip in a device, such as a smartphone or a tablet, that handles cellular transmission. These are widely used in radio frequency (RF) and wireless communications. Qualcomm Technologies, Inc. (US); MediaTek Inc. (Taiwan); and Huawei Technologies Co., Ltd. (China) are some of the eminent 5G modem providers.
<>By end-use, the market for the automobile segment is expected to grow at the highest CAGR in the market
5G is expected to be crucial in transforming the automotive industry. It will develop new applications that are difficult to advance with the current generation of cellular technologies. 5G can allow system and application developers to offer a wide range of operations. Modern automobiles utilize vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N) technologies.
It would further help develop other applications, such as automated driving, digital logistics, and intelligent navigation. 5G network provides fast connectivity at low latency. Moreover, the 5G network data transfer rate is higher than that of the previous generation. Hence, 5G will play an integral role in autonomous driving.
<>Europe to grow at the highest rate in the 5G Chipsets market
In collaboration with chip manufacturers, the European government aims to diversify its fabs and all parts of the semiconductor supply chain, including assembly and testing. They seek to move chipmaking out of the traditional strongholds (Asia Pacific region) into North America and Europe (Italy, Germany, the Netherlands, Spain, the UK, and Norway). Europe has set ambitious targets to grow its chip manufacturing capacity from 9% (FY2020) to 20% (FY2030) over the same period.
The region comprises some key countries adopting Industry 4.0 and IoT and connected cars at a higher rate. The adoption of these technologies is mainly dependent on connectivity, and the 5G network is anticipated to play an integral role in developing the European market.
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For more information about this report visit https://www.researchandmarkets.com/r/d97grq
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