The 5G chipset market in Europe is expected to grow from US$ 250.4 Mn in 2019 to US$ 5228.6 Mn by the year 2027, with a CAGR of 46.2% from the year 2019 to 2027.
The significant growth in the smartphone demand and proliferation of connected devices and IoT demand for advanced network infrastructures are driving the growth of the 5G chipset market. Further, the emergence of new enterprise, industrial, and residential use cases in the near future is expected to facilitate significant growth opportunities for the 5G chipset market. The advent of 5G has brought a host of new use cases for industrial, enterprise and residential uses are anticipated to be enabled by the evolving networks over the course of years. Fixed Wireless Access (FWA) for residential use and distributed cloud for industries could be examples of these kinds. The networks have evolved to handle use cases with different demands on data rates, mobility, scalability, latency, security, integrity, availability, and reliability. Such demands can be met with the help of distributed cloud architecture, which allows the applications to be deployed at a central, distributed and edge site, for meeting specific requirements. In comparison to what is possible from central sites, providing services closer to the user reduces the network transport delay and enables faster time to content, actions, and control. These factors are projected to gain traction in the coming times having a significant impact approaching the 5G chipset market.
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The 5G chipset is used among different industry verticals under the name of the product segment, which consists of devices, customer premises equipment, and network infrastructure equipment. The devices of 5G chipset market are leading the Europe market in 2019 and is expected to continue its dominance during the forecast period. Rising urbanization and the increasing number of connected devices and the penetration of smartphones, tablets in the rural, semi-urban and urban areas are promoting the demands for a more robust network infrastructure. Also, improved coverage and available data rates, and also improved handset battery life by reduced power consumption are other factors that would boost the widespread adoption of 5G chipset.
The market for Europe includes France, Germany, Italy, Russia, and the UK, and the rest of Europe. UK dominated the 5G chipset market in 2019, however, France is expected to dominate the market with the highest share in the Europe region during the forecast period. France looks forward to establishing a legislative framework that would allow the testing of autonomous vehicles on the public roads by 2019. This is expected to nurture the market of 5G and its chipset also in the future. With respect to an initiative undertaken by telecom operators to encourage 5G commercialization, ARCEP is on the list. It is a French telco regulator to present temporary frequency authorizations to conduct 5G pilots in the 3400 – 3800 MHz and the 26 GHz band. ARCEP also enables us to make plans for above 300 MHz of contiguous spectrum by 2020. These initiatives are the fruitful activities conducted for the future of the internet, i.e., 5G. The figure given below highlights the revenue share of the rest of Europe in the 5G chipset market in 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.
Market leaders and key company profiles
· 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.
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
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Akshay
Senior Market Research Expert at Business Market Insights
