5G mobile devices are expected to cartel with the familiar sub-6GHz bands with the new MIMO antenna system, along with the high-frequency MM wave bands with the highly-focused beam-steering. With diverse global spectrum assignment and the requirement for the devices to function in both standalone and non-standalone use cases, chipset test matrix is huge. Device Radio Frequency testing goes much quicker if the device designer is using same channel & traffic emulation as the chipset designers and carrier architect . The growth of the 5G Chipset Market is highly reliant on the growth of the automotive and consumer electronics industry.
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Continuously growing demand for the very high speed internet and broad network coverage with reduced power consumption and latency is acting as a major growth driver for the 5G Chipset Market. Therefore, continuously increasing machine to machine or IoT connection is leading towards the higher adoption of the 5G chipsets. In addition, increasing demand for the mobile data services is also anticipated to increase the demand of the 5G chipset in the upcoming years. Continuously growing acceptance of the devices which support 5G NR having integrated gigabit LTE is also one of the major growth driver for the 5G chipset market. In turn this is also projected to affect the 5G Chipset Market in a positive manner during the forecast period.
In spite of many driving factors, the 5G Chipset Market is expected to show a shrink and fluctuation in growth rate because of the very high hardware price which is involved in the terrestrial network densification. Uneven spectrum distribution is also acting as one of the major constraint for the 5G Chipset Market. Disagreement related to industry standards in between the chipset makers and the operators are acting as restraining factor for the growth of usage of 5G Chipset Market. Integration of the 5G services with the satellite communication and strategic partnership with the system integrator in the emerging economies is expected to act as key opportunities for the 5G Chipset Market.
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For the purpose of doing in depth analysis, the 5G Chipset Market has been segmented on the basis of type, operational frequency, product, end use industry and geography. Based on the type, the 5G Chipset Market has been segmented into four categories those are ASIC, RFIC, Cellular IC and mmwave IC. By operational frequency, the market has been segmented into three categories those are Sub-6 GHz, 26 to 39 GHz and more than 39 GHz. By product, 5G Chipset Market has been segmented into three categories those are devices, network infrastructure equipment and customer premises equipment .By end use industry the market has been segmented into eight categories those are consumer electronics, industrial automation, building automation, retail, healthcare, energy & utilities, automotive & transportation and others.
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