Asia Pacific 5G Chipset Market Overview:
Asia Pacific's 5G Chipset Market Size was valued at USD 17.2 billion in 2022. The 5G Chipset market industry is projected to grow from USD 20.33 Billion in 2023 to USD 77.46 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.20% during the forecast period (2024 - 2032). The increasing demand for high-speed internet connectivity is one of the major market drivers of the 5G Chipset market in Asia Pacific. This demand is driven by the increase in high-definition video streaming, online gaming, and virtual/augmented reality applications, which require exceptionally fast network levels.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
5G Chipset Market Trends
-
Increasing deployment of IoT devices requiring advanced 5G chipsets is driving market growth
The Asia Pacific 5G Chipset market CAGR is expanding due to the surging deployment of Internet of Things (IoT) devices. These chipsets provide rapid data transmission, reduced latency, and improved connection, which are essential for powering many IoT applications in smart cities, healthcare, manufacturing, and agriculture. The 5G Chipset market has grown significantly, with leading manufacturers stepping up their R&D efforts to produce cutting-edge solutions for the developing IoT ecosystem. Furthermore, the deployment of 5G technology is not confined to consumer devices but includes industrial and corporate applications, driving up demand for high-performance chipsets. As the IoT ecosystem evolves and integrates with 5G networks, the market for sophisticated 5G chipsets is predicted to increase steadily, providing significant potential for innovation and development.
Furthermore, the emergence of smart cities and Industry 4.0 programs has generated a great need for reliable 5G infrastructure. 5G chipsets play an important role in allowing high-speed, low-latency communication networks, which are required for the smooth functioning of smart city systems and the adoption of Industry 4.0 technologies such as automation, robotics, and IoT integration. This need has resulted in phenomenal investment and development into powerful 5G chipsets capable of fulfilling the demanding requirements of these applications. The 5G Chipset market has expanded rapidly, with leading semiconductor industry companies focused on providing cutting-edge solutions customized to the unique requirements of smart cities and Industry 4.0 applications. These chipsets have been designed to provide great performance, energy economy, and reliability, allowing 5G-enabled products to reach their full potential in urban and industrial contexts. As smart city efforts and Industry 4.0 deployments are created globally, the need for novel 5G chipsets is projected to stay high, pushing additional industry improvements and driving the 5G Chipset market revenue.
Asia Pacific 5G Chipset Market Segment Insights:
APAC 5G Chipset Type Insights
The Asia Pacific 5G Chipset market segmentation, based on type, includes application-specific integrated circuit (ASIC), radio frequency integrated circuit (RFIC), millimeter wave integrated circuit (mmWave IC), cellular integrated circuit (Cellular IC), and Others. The cellular integrated circuit (Cellular IC) segment dominated the market. These specialized chips are at the core of 5G modem technology, enabling the processing and transmission of high-speed data in cellular networks. With the proliferation of 5G-enabled devices, the demand for Cellular ICs has surged due to their essential role in delivering reliable and efficient connectivity. As a result, semiconductor companies are investing heavily in advancing Cellular IC technology to meet the market's growing demands.
APAC 5G Chipset Frequency Insights
The Asia Pacific 5G Chipset market segmentation, based on frequency, includes sub-6 GHZ, 26-39 GHZ, and above 39 GHz. The sub-6 GHz category generated the most income. Chipsets for this segment typically employ technologies like beamforming, MIMO (Multiple Input, Multiple Output), and advanced modulation schemes to optimize performance. They are designed to support a wide range of devices, from smartphones to IoT sensors. Their architecture focuses on efficient data processing, low power consumption, and seamless integration with 5G networks, ensuring reliable connectivity and high throughput.
APAC 5G Chipset Deployment Type Insights
The APAC 5G Chipset market segmentation, based on deployment type, includes smartphones/tablets, connected vehicles, connected devices, broadband access gateway devices, and others. The smartphones/tablets category generated the most income (52%). The demand for high-speed connectivity and enhanced performance in mobile devices has propelled the development and deployment of 5G chipsets in this segment. Manufacturers are continuously motivated to integrate advanced 5G capabilities into their devices to meet consumer expectations for faster data speeds, lower latency, and seamless connectivity. This drives significant growth in the smartphone and tablet chipset.
Figure 1: Asia Pacific 5G Chipset Market, by Deployment Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
APAC 5G Chipset Industry Vertical Insights
The Asia Pacific 5G Chipset market segmentation, based on industry vertical, includes energy and utilities, manufacturing, IT and telecommunication, media and entertainment, transportation and logistics, consumer electronics, healthcare, and others. The IT and telecommunication category generated the most income. This sector's prominence arises from 5G technology's significant contribution in developing telecommunications infrastructure and enabling a wide range of IT applications. With increasing demand for high-speed connection and the growth of IoT devices, the IT and telecommunications industries have made major expenditures and innovations in 5G Chipset development. This trend is expected to continue as demand for advanced networking solutions increases.
APAC 5G Chipset Country Insights
The 5G Chipset industry has experienced significant expansion and innovation in the Asia Pacific region, particularly within countries such as China and South Korea. China, one of the world's major telecommunications equipment and services marketplaces, has been at the center of 5G technology implementation. The Chinese government's strategic efforts and large expenditures on 5G infrastructure have moved the country to the frontline of the global 5G Chipset market. South Korea, renowned for its excellent technological environment, has greatly progressed in 5G chip development and deployment. With early commercial deployments of 5G networks and a strong emphasis on technological innovation, South Korea has emerged as a hub for 5G Chipset research and manufacturing. Both countries benefit from a large clientele willing to adopt cutting-edge technology and a legislative structure encouraging competition and innovation in the telecommunications sector.
Figure 2: ASIA PACIFIC 5G CHIPSET MARKET SHARE BY COUNTRY 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
APAC 5G Chipset Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the 5G Chipset market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the 5G Chipset industry must offer cost-effective items.
Major players in the 5G Chipset market are attempting to increase market demand by investing in research and development operations including Qualcomm Technologies, Inc. (U.S.), Broadcom (U.S.), Unisoc Communications, Inc. (China), Mediatek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Huawei Technologies Co., Ltd. (China), Qorvo (U.S.), Xilinx Inc. (U.S.), and Infineon Technologies AG (Germany).
Key Companies in the 5G Chipset Market Include
-
Qualcomm Technologies, Inc. (U.S.)
-
Broadcom (U.S.)
-
Unisoc Communications, Inc. (China)
-
Mediatek Inc. (Taiwan)
-
Intel Corporation (U.S.)
-
Samsung Electronics Co., Ltd. (South Korea)
-
Huawei Technologies Co., Ltd. (China)
-
Qorvo (U.S.)
-
Xilinx Inc. (U.S.)
-
Infineon Technologies AG (Germany)
APAC 5G Chipset Industry Developments
November 2023: Qualcomm propelled the global expansion of 5G RedCap with its Snapdragon X35 5G Modem-RF System. This modem-RF system, known as the Snapdragon X35 5G Modem-RF System, fueled the expansion of the 5G ecosystem by enabling global mobile network operators and OEMs to introduce new devices, form factors, and experiences.
February 2023: At Mobile World Congress 2023, AMD and its Xilinx division unveiled new 5G chips, expanding from core processors to RAN applications. The integration doubled the wireless partner ecosystem post-AMD's $50 billion acquisition of Xilinx.
Asia Pacific 5G Chipset Market Segmentation:
Asia Pacific 5G Chipset Type Outlook
-
Application Specific Integrated Circuit (ASIC)
-
Radio Frequency Integrated Circuit (RFIC)
-
Millimeter Wave Integrated Circuit (mmWave IC)
-
Cellular Integrated Circuit (Cellular IC)
-
Others
Asia Pacific 5G Chipset Frequency Outlook
-
Sub-6 GHZ
-
26-39 GHZ
-
Above 39 GHz
Asia Pacific 5G Chipset Deployment Type Outlook
Asia Pacific 5G Chipset Industry Vertical Outlook
Asia Pacific 5G Chipset Regional Outlook
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Indonesia
-
Thailand
-
Vietnam
-
Malaysia
-
Singapore
-
Rest of Asia-Pacific
| Market Size 2022 |
USD 17.2 Billion |
| Market Size 2023 |
USD 20.33 Billion |
| Market Size 2032 |
USD 77.46 Billion |
| Compound Annual Growth Rate (CAGR) |
18.20% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Frequency, Deployment Type, Industry Vertical, and Region |
| Region Covered |
Asia Pacific |
| Countries Covered |
China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia-Pacific |
| Key Companies Profiled |
Qualcomm Technologies, Inc. (U.S.), Broadcom (U.S.), Unisoc Communications, Inc. (China), Mediatek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Huawei Technologies Co., Ltd. (China), Qorvo (U.S.), Xilinx Inc. (U.S.), and Infineon Technologies AG (Germany) |
| Key Market Opportunities |
Potential for partnerships and collaborations to address diverse market needs and accelerate chipset development. |
| Key Market Dynamics |
Growth in mobile data traffic and bandwidth requirements. Strategic investments by governments and telecom operators in 5G infrastructure. |
Frequently Asked Questions (FAQ) :
The Asia Pacific 5G Chipset market size was valued at USD 20.33 Billion in 2023.
The market is projected to grow at a CAGR of 18.20% during the forecast period, 2024-2032.
The key players in the market are Qualcomm Technologies, Inc. (U.S.), Broadcom (U.S.), Unisoc Communications, Inc. (China), Mediatek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Huawei Technologies Co., Ltd. (China), Qorvo (U.S.), Xilinx Inc. (U.S.), and Infineon Technologies AG (Germany).
The cellular integrated circuit (Cellular IC) category dominated the market in 2023.
The Sub-6 GHZ category had the largest share of the market.
