The European 5G chipset market is projected to expand dramatically, rising from US250.4millionin2019toUS250.4millionin2019toUS 5,228.6 million by 2027, reflecting a compound annual growth rate (CAGR) of 46.2% during the forecast period.
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This surge is fueled by rising smartphone demand, the proliferation of connected devices and IoT technologies, and the need for advanced network infrastructure. Additionally, emerging enterprise, industrial, and residential applications are expected to create substantial growth opportunities for the 5G chipset market.
The rollout of 5G technology has unlocked a wide range of new use cases across industries, businesses, and homes, enabled by evolving network capabilities. Examples include Fixed Wireless Access (FWA) for residential broadband and distributed cloud solutions for industrial applications. Modern 5G networks are designed to support diverse requirements, including high data speeds, low latency, scalability, mobility, security, and reliability.
A key enabler of these capabilities is distributed cloud architecture, which allows applications to be deployed across centralized, distributed, and edge computing sites to meet specific performance needs. By processing data closer to end-users, this architecture minimizes network transport delays, enabling faster content delivery, real-time actions, and improved controlโadvantages that are unattainable with traditional centralized systems.
The 5G chipset is utilized across various industry verticals under different product segments, including devices, customer premises equipment, and network infrastructure equipment. Among these, the devices segment led the European 5G chipset market in 2019 and is expected to maintain its dominance throughout the forecast period.
The growing urbanization, increasing number of connected devices, and the widespread penetration of smartphones and tablets across rural, semi-urban, and urban areas are driving the demand for a more robust network infrastructure. Additionally, improved coverage, higher data rates, and enhanced handset battery life due to reduced power consumption are key factors accelerating the widespread adoption of 5G chipsets.
The European market for 5G chipsets includes key countries such as France, Germany, Italy, Russia, and the UK, along with the rest of Europe. While the UK led the 5G chipset market in 2019, France is projected to take the lead with the highest market share in the region during the forecast period.
France is actively working on establishing a legislative framework to enable autonomous vehicle testing on public roads, a move initiated in 2019. This regulatory progress is expected to drive the expansion of the 5G market and its chipset industry. Among the key initiatives promoting 5G commercialization is the involvement of ARCEP, the French telecommunications regulatory authority. ARCEP has issued temporary frequency authorizations for 5G pilot programs in the 3400โ3800 MHz and 26 GHz bands. Additionally, ARCEP is planning for over 300 MHz of contiguous spectrum allocation by 2020. These strategic efforts are laying the groundwork for the advancement of 5G technology.
The following figure illustrates the projected revenue share of the rest of Europe in the 5G chipset market during the forecast period.
North America 5G Chipset Strategic Insights
Strategic insights for the North America 5G Chipset provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America 5G Chipset Report Scope
| Attribute | Details |
| Market Size (2019) | US$ 250.4 Million |
| Market Size (2027) | US$ 5228.6 Million |
| CAGR (2019-2027) | 46.2% |
| Historical Data | 2017-2018 |
| Forecast Period | 2020-2027 |
| Segments Covered | Operation Frequency, Product, End-User |
| Regions Covered | North America (US, Canada, Mexico) |
| Key Companies | Broadcom, Huawei, IBM, Infineon, Mediatek, Nokia, Qualcomm, Samsung, Ericsson, Xilinx |
North America 5G Chipset Regional Insights
The geographic scope of the North America 5G Chipset refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
EUROPE 5G CHIPSET MARKET SEGMENTATION
| Category | Subcategories |
| By Operation Frequency | Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz |
| By Product | Devices, Customer Premises Equipment, Network Infrastructure Equipment |
| By End-User | Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics, Public Safety & Surveillance |
| By Country | France, Germany, UK, Italy, Russia, Rest of Europe |
| 5G Chipset Market – Companies Mentioned | Broadcom, Inc., Huawei Technologies Co., Ltd., International Business Machines Corporation, Infineon Technologies AG, Mediatek Inc., Nokia Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd., Telefonaktiebolaget Lm Ericsson, Xilinx, Inc. |
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Authorโs Bio
Akshay
Senior Market Research Expert at Business Market Insights
