Asia Pacific 5G Chipset Market to Reach US$ 8,674.0 Mn at a CAGR of 44.4% in 2027

Asia Pacific 5G Chipset Market to 2027 - Regional Analysis and Forecasts by Operation Frequency (Sub-6 GHz, Between 26 and 39 GHz, Above 39 GHz); Product (Devices, Customer Premises Equipment, and Network Infrastructure Equipment); End-User (Automotive & Transportation, Energy & Utilities, Healthcare, Retail, Building Automation, Industrial Automation, Consumer Electronics, Public Safety & Surveillance)

  • Report Code : TIPRE00007517
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 166
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The 5G chipset market in the Asia Pacific is expected to grow from US$ 321.9 Mn in 2019 to US$ 8,674.0 Mn by the year 2027, with a CAGR of 44.4% from the year 2019 to 2027.

Driving factors such as a rise in demand for a reliable communication network and rapid growth in the developments of smartphones are driving the growth of the 5G chipset market. Further, encouraging government investments to develop 5G technology is expected to facilitate significant growth opportunities for the 5G chipset market. The adoption of smartphone adoption continues to expand globally. This is fuelled by the multimode 3G/4G LTE connectivity, robust mobile processors, advanced features of multimedia, and superior location awareness capabilities, among other features. Approximately 1.5 billion smartphones were shipped in 2017, globally, which is consistent year-over-year. Most of the growth is projected in the emerging regions, where smartphones account for approximately 70% of the total handset shipments. Further, growth in the smartphone demand has also been driven by a variety of affordable and flexible data plans that are being offered by mobile operators. Smartphone has become prominently in-demand for social networking, gaming, music, email, and web browsing, among other functionalities. It is anticipated that the 5G connectivity would further drive innovations and would increase consumer demand by offering enhanced connectivity. This is expected to proliferate the market for 5G chipset.

On the basis of operation frequency, the 5G chipset market is segmented into sub-6 GHz, between 26 and 39 GHz, and above 39 GHz. The 5G network is expected to bring convenience to the next generation. The network providers and chip manufacturers are seeking forward to conduct test trials for the broad spectrum of bands. With the higher frequency of the band, the internet connection would be higher. Continuous advents made in IoT has led to increasing its adoption in the enterprise application such as healthcare, manufacturing, and many more. The sub-6 GHz segment led the 5G chipset market in 2019 and is anticipated to dominate the market in the forecast period.

China dominated the 5G chipset market in 2019 and is expected to dominate the market with the highest share in the Asia Pacific region through the forecast period. Strong backing from the government is helping propel 5G in China. For instance, 5G is quoted amongst the strategic priority in the list of government’s 13th Five-year Plan. The government has awarded grants to technology heavyweights such as Huawei and ZTE, which has received nearly US$72 Mn for the 5G technological development. The country’s largest telecommunication providers projects to spend around US$ 411 Bn to roll out 5G by 2030. Also, the IIoT is expected to be a 5G’s most vital use case in assisting China’s “Made in China 2025” initiative. Moreover, the Ministry of Industry and Information Technology (MIIT) of China has sanctioned the testing of 5G technology by using 4.8-5.0 GHz, 24.75-27.5 GHz, and 37-42.5 GHz spectrum bands. The figure given below highlights the revenue share of the rest of Asia Pacific in the 5G chipset market in the forecast period:

                 

Rest of Asia Pacific 5G Chipset Market Revenue and Forecast to 2027 (US$ Mn)

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

ASIA PACIFIC 5G CHIPSET MARKET SEGMENTATION


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

  • Australia
  • South Korea
  • China
  • India
  • Japan
  • Rest of APAC


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.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Operation Frequency, Product, End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies

  1. Broadcom, Inc.
  2. Huawei Technologies Co., Ltd.
  3. International Business Machines Corporation
  4. Infineon Technologies AG
  5. Mediatek Inc.
  6. Nokia Corporation
  7. Qualcomm Incorporated
  8. Samsung Electronics Co., Ltd.
  9. Telefonaktiebolaget Lm Ericsson
  10. Xilinx, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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