May 16,2023 | Electronics
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. The 5G Chipsets market is projected to reach US$ 81.0 billion by 2028, growing at a CAGR of 17.4% from 2023 to 2028.
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.
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.
The key players operating in the 5G Chipsets market include Qualcomm Technologies, Inc. (US), MediaTek Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), SAMSUNG (South Korea), Broadcom (US), Skyworks Solutions, Inc. (US), NXP Semiconductors (Netherlands), Xilinx (Acquired by AMD) (US), Murata Manufacturing Co., Ltd. (Japan), Infineon Technologies AG (Germany), u-blox (Switzerland), Sivers IMA (Sweden), Arm Limited (UK), and OMMIC (France), among others.
This exclusive business research report is available on Bharatbook and it categorizes the 5G Chipsets market based on Type, End – Use, Process Node, and Frequency and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining market and forecasts the same till 2028. Apart from these, the study also consists of leadership mapping and analysis of all the companies included in the 5G Chipsets ecosystem.
The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth, know their competitor system, product developments and launches, partnerships, and mergers and acquisitions. Also, patent analysis, trade data, and technological trends that will shape the market in the coming years has also been covered in this report.
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