Market Overview
The global 5G chipset market was valued at USD 29.7 billion in 2024 and is anticipated to grow at a CAGR of 23.40% from 2025 to 2034. The market is expanding rapidly due to the global rollout of 5G infrastructure and connected devices.
Key Insights
- The sub-6 GHz frequency segment accounts for the majority share of the market, driven by its superior coverage, better indoor penetration, and earlier global adoption compared to mmWave frequencies.
- The 7 nm sector held a dominant position in the market, as it offers an optimal balance of performance and power efficiency essential for advanced mobile and connected devices.
- The RFIC segment accounts for the highest growth rate of the market, fueled by increasing demand for compact, integrated radio frequency components in 5G-enabled communication hardware.
- The connected devices segment accounted for the largest revenue share of the market, driven by rapid growth in 5G-enabled smartphones, wearables, IoT devices, and consumer electronics.
- Asia-Pacific holds the largest revenue share of the market for 5G chipsets worldwide, owing to early 5G deployment, high consumer demand, and strong manufacturing ecosystems in countries like China and South Korea.
Industry Dynamics
- The rapid growth in connected devices is accelerating demand for 5G chipsets, as manufacturers require high-speed, low-latency solutions to support smartphones, IoT devices, and smart appliances.
- Increasing investments in 5G infrastructure by governments and telecom operators are driving the adoption of 5G chipsets to enable next-generation connectivity across urban and rural areas.
- The rising adoption of autonomous vehicles and smart manufacturing is boosting demand for 5G chipsets due to their ability to support ultra-reliable, low-latency communication.
- The high cost of developing advanced 5G chipsets is expected to restrain market growth, particularly for small and mid-sized manufacturers with limited R&D budgets.
- Security and interoperability concerns across diverse 5G ecosystems may hinder adoption, as chipset providers must ensure seamless integration with global standards and device architectures.
Market Statistics
- 2024 Market Size: USD 29.7 Billion
- 2034 Projected Market Size: USD 249.8 Billion
- CAGR (2025-2034): 23.40%
- Asia Pacific: Largest Market Share
AI Impact on 5G Chipsets Market
- AI is transforming 5G chipset design by optimizing signal processing, power efficiency, and network performance through intelligent resource allocation and adaptive algorithms.
- It accelerates testing and development by simulating network conditions and predicting chipset behavior using machine learning models.
- AI enhances edge computing capabilities by enabling real-time decision-making directly on 5G-enabled devices, reducing latency and bandwidth usage.
- AI-powered chipsets support dynamic spectrum management and network slicing, allowing telecom providers to deliver more efficient, customized connectivity solutions.
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The 5G chipset market is expected to grow significantly over the coming years. It is all set to expand the mobile ecosystem with high speeds, superior reliability, and negligible latency. This will impact every industry, making safer transportation, digitized logistics, precision agriculture, remote Healthcare, and more a reality. This is expected to create employment opportunities. For instance, in January 2024, Qualcomm expanded its business to Chennai, India, investing Rs 177.27 crore to build a new design center and creating 1,600 job opportunities.
5G holds a significant transformative potential across a number of industries. It will eventually increase into healthcare- remotely monitor patient health, supply dependable connectivity with real-time results, transmit HD photos and videos such as X-rays and mammograms swiftly and securely, Supply chain- shelf, cashier-less checkouts, and HD cameras and drones to replace security guards, Fixed wireless networks, Smart cities, Edge computing and AI. This is primarily because of its ability to move large amounts of data quickly and securely between connected devices at speeds that have never been achieved before.
The quantity of data produced by networks and mobile devices has grown exponentially since the inception of mobile broadband. It has gradually extended into every aspect of work and home life. Presently, some technologies, such as Artificial Intelligence and Machine Learning, require enormous amounts of data to operate at high speeds. The 5G network is ideal for providing quick and secure access to extensive data amounts with its high-band frequencies and rapid speeds.
Market Dynamics
Market Drivers
Surge in High-Speed Internet and Mobile Data Traffic
5G mobile network is increased due to rising requirements for high-speed data transport, mobile internet services, and information and data processing. The need for mobile data services is primarily being driven by the rising use of services and applications in consumer electronics and B2B communication networks, which are currently using data-intensive apps such as 3D, AR, and VR, and ultra-HD video content.
High use of M2M Connection Technology
M2M technologies are adopted for better connectivity, smooth communication, and low power requirements, which are driving the growth of 5G chipsets in the Industry. The reliability and speed of 5G are expected to have a massive influence on machine-to-machine (M2M) and IoT. M2M communication technology can be widely used in heavy manufacturing and processing industries to increase the efficiency of different processes and reduce human and machine interaction. This will lead to massive interconnection between devices, promising quick results.
Market Restraints
Rise in Cost of 5G Chipset for Mobile Devices
The cost of 5G chips is resulting in increased expenses for mobile device producers and manufacturers .This cost is incurred during the integration of 5G capabilities into tablets, smartphones, and other mobile devices. Hence, Smartphone chipsets supporting 5G are expected to be pricier than current 4G ones. Various companies have planned to significantly expand the 5G line-up by offering 5G to the company’s new series line-ups.
Report Segmentation
The market is primarily segmented based on frequency type, processing node type, IC type, deployment type, vertical, and region.
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By Frequency Type |
By Processing Node Type |
By IC Type |
By Deployment Type |
By Vertical |
By Region |
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Segmental Analysis
By Frequency Type Analysis
- The sub-6 GHz frequency segment accounts for the majority share of the market. These chipsets typically include a range of advanced features and technologies to optimize network performance and improve user experience. A key feature of 5G chipsets for Sub-6 GHz is the support for Massive MIMO antenna systems, which enable the use of multiple antennas to improve network capacity and performance.
- The range of 24-39 GHz frequency segment accounts for the fastest growing segment. This segment provides ultra-high-speed 5G connections, which is critical for applications such as high-definition video streaming, augmented reality, and virtual reality.
By Processing Node Type Analysis
- The 7 nm sector held a dominant position in the market in 2023 due to its lower power consumption, better switching performance, and higher density. A 7nm process node outperforms larger process nodes in terms of performance, which is critical for fulfilling the rigorous specifications of 5G networks.
- The 10 nm category is expected to grow at the highest CAGR throughout the forecast period. Because the 10 nm process can incorporate more transistors onto a single chip, enabling the development of more potent and energy-efficient processes.
By IC Type Analysis
- The RFIC segment accounts for the highest growth rate of the market, owing to its quicker data rates and higher bandwidth, which meets the demand for increasing mobile data traffic. The expansion of the market is driven by smartphones' growing complexity, which necessitates the use of additional RF transceiver integrated circuits (ICs) to support numerous antennas for features like Wi-Fi, Bluetooth, GPS, and NFC.
By Deployment Type Analysis
- The connected devices segment accounted for the largest revenue share of the market. This growth is driven by the increasing need for more dependable and faster connectivity across the Internet of Things. Connected devices, such as industrial machinery, security systems, and smart home appliances, need high-speed, low-latency connectivity to perform at their best.
These devices use 5G chipsets, which allow quick and more dependable data transfer, resulting in more effective and efficient equipment usage. 5G networks can substantially accommodate more connected devices than previous generations of wireless networks, which makes them well-suited for IoT applications that involve a large number of devices.
By Vertical Analysis
- IT & Telecom segment will see the fastest growth due to the rising need for Faster and more dependable networks to manage data-intensive applications such as video streaming and cloud services. By utilizing 5G chipsets, Machine-to-machine communication can be made faster and more effective in the production process. New use cases and applications in the manufacturing industry, such as smart factories and industrial Internet of Things applications that need real-time data transfer and analytics, are also being driven by this trend.
Regional Analysis
- Asia-Pacific holds the largest revenue share of the market for 5G chipsets worldwide, is anticipated to expand over the projected period due to global workflow automation owing to the fastest-growing countries like China, Japan, and India. Many leading companies are also aiming to expand their network technology.
- North American region is the fastest expanding market over the forecast period of 2024-2032 due to the influence of smart cities, smart homes, smart industries, high-definition online gaming, self-driving cars, and intelligent transportation infrastructure.
Competitive Landscape
The market is going to witness growth in the forthcoming years. Major industry players are planning on launching premium yet affordable 5G smartphones. Prominent companies are exploring various avenues, such as developing novel products and forming strategic alliances in order to enhance their market share. The primary objectives of market participants are to generate innovative items, broaden their range of products, and secure a significant portion of the market. For instance, Qualcomm and MediaTek have powered a new offering, the Snapdragon 4G Gen 2 chipset, which Poco has already adopted, and Realme 12 mobile brand companies.
Some of the major players operating in the global market include:
- Analog Devices Inc.
- Anokiwave Inc
- Broadcom Inc.
- Huawei Technologies Co. Ltd
- IBM Corporation
- Infineon Technologies AG
- Integrated Device Technology
- Intel Corporation
- Marvell Technology
- MediaTek Inc.
- Nokia Corporation
- NXP Semiconductors NV
- Qorvo Inc.
- Qualcomm Incorporated
- Renesas Electronics Corporation
- Samsung Electronics Co. Ltd
- Texas Instruments Inc.
- Unisoc Communications, Inc.
- Xilinx Inc.
Recent Development
- August 2025: Samsung Electronics reported Q2 2025 revenue of KRW 74.6 trillion (USD 51 billion), driven by strong demand for HBM3E and continued momentum in high-density DDR5 products.
- July 2025: HPE completed its USD 14 billion acquisition of Juniper Networks, strengthening its AI-focused networking portfolio.
- Febraury 2025: Qualcomm launched the Snapdragon 6 Gen 4 5G chipset for premium mid-range smartphones, featuring GenAI support, enhanced gaming, 4K displays, and improved performance and efficiency. Realme, Oppo, and Honor prepared upcoming devices with this chipset
- April 2024: Qualcomm and MediaTek launched their advanced 5 G chipsets in the mobile phone market. The phones are set to be launched in August 2024 within the affordable range of 10,000-11,000.
- March 2024: MediaTek announced its working with every Android phone brand with over 15 designs at the Mobile World Congress 2024.
- July 2023: Ericsson entered into a strategic collaboration with Intel to create a system-on-chip (SoC) designed specifically for the vendor’s 5G offering, a move the duo claim will create highly differentiated products for future infrastructure.
Report Coverage
The 5G chipset market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, frequency type, processing node type , IC type, deployment type, vertical and their futuristic growth opportunities.
Report Scope
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Report Attributes |
Details |
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Market size value in 2025 |
USD 36.68 billion |
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Revenue forecast in 2034 |
USD 249.8 billion |
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CAGR |
23.40% from 2025 – 2034 |
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Base year |
2024 |
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Historical data |
2020 – 2023 |
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Forecast period |
2025 – 2034 |
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Quantitative units |
Revenue in USD billion and CAGR from 2025 to 2034 |
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Segments covered |
By Frequency Type, By Processing Node Type, By IC Type, By Deployment Type, By Vertical, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
FAQ's
5G Chipset Market Size Worth $249.8 Billion By 2034
The top market players in 5G Chipset Market are Texas Instruments Inc, Marvell Technology, Anokiwave Inc, Samsung Electronics Co
Asia-Pacific is contribute notably towards the 5G Chipset Market
5G Chipset Market exhibiting the CAGR of 23.40% during the forecast period.
5G Chipset Jewelry Market report covering key segments are frequency type, processing node type, IC type, deployment type, vertical, and region.
A semiconductor component that enables next-generation mobile connectivity by expanding the mobile ecosystem with high speeds, superior reliability, and negligible latency, impacting industries from healthcare to transportation and smart cities.
Surging demand for high-speed mobile data services driving IoT and connected device adoption, and rising M2M communication technology integration across heavy manufacturing industries to improve process efficiency and reduce human interaction.
Page last updated on:
Jan-2023
Research Methodology
A robust system of research, verification, and forecasting designed to ensure reliable and actionable market insights.
Polaris Market Research uses a clear and structured approach to deliver insights that clients can rely on. The process combines detailed primary and secondary research, including direct communication with industry experts. The detailed information helps build a complete picture of market trends and developments. Secondary data is gathered from credible sources such as industry reports, company filings, government source links, and trusted organization databases. It is then cross-checked through discussions with key stakeholders across the value chain. Market size and forecasts are developed using both bottom-up and top-down methods to ensure accuracy and consistency in the final results.
Project Setup
Step 1 & 2:
- We start every project by clearly understanding the client’s objective or goal, then defining the market scope, and aligning regions, segments, and timelines.
- Once the foundation is set, we collect data from all-around of sources, including company reports, government databases, and paid industry platforms.
- Our research is based on secondary data, which helps us build a strong understanding of the market across regions and industries. Then we validate this information through primary research by speaking directly with industry experts, companies, and stakeholders.
- By combining secondary and primary research, we ensure that our market insights are accurate, practical, and closely aligned with real market conditions.
Data Collection
We gather information from both public and verified sources:
Data Structuring
Step 3:
- All collected data is organized into a consistent format to ensure accurate analysis. Since inputs come from multiple sources, they are standardized and aligned before use.
- The data is segmented by product, application, and region, and mapped across a defined historical period (2020–2024). All values are converted into common units (USD Mn/Bn), and volume and pricing are aligned where required to estimate revenue.
- Any overlaps or inconsistencies are reviewed and adjusted to maintain accuracy (<5% variance threshold).
- The result is a structured dataset that allows for clear comparison across regions and supports reliable analysis and forecasting.
Structured Market Dataset, USD Mn/Bn
4. Data Structuring
Step 4: TOP-DOWN APPROACH
- We start with the overall market size at a global or macro level.
- The market is then narrowed down based on scope and industry relevance.
- We apply penetration rates and split the data by region and segment.
- This helps us estimate the market size for specific segments.
- The numbers are validated through cross-checks to ensure accuracy.
Step 5: BOTTOM-UP APPROACH
- We begin by analyzing data from leading companies in the market.
- Revenue data is collected and mapped across different segments.
- The data is then aggregated to estimate the total market size.
- To fill in any gaps, adjustments are made based on industry standards.
- Validation checks make sure that the results are correct.
5. Data Structuring
Step 6:
At Polaris Market Research, we employ a methodical forecasting strategy. This approach blends the analysis of historical data with real-time market validation. To forecast future trends with precision, we examine past patterns, pricing fluctuations, and the interplay of supply and demand. To ensure our conclusions reflect the present market landscape, we actively seek input from industry experts and key stakeholders.
To refine our predictions, we carefully consider critical elements such as market drivers and restraints, fluctuations in raw material costs, emerging technologies, and the production capabilities of various regions. Furthermore, we assess regulatory frameworks and potential policy shifts to gauge their potential impact on market expansion.
All this information is synthesized to generate precise forecasts for each segment and region. These forecasts illuminate the current state of the market and highlight forthcoming opportunities.
6. Data Structuring
Step 7:
In the final stage, we validate all our estimates using a triangulation method, where data is cross-checked from multiple reliable sources, like company data, primary interviews, and secondary research. This helps us make sure that our numbers are correct and fit with the rest of the market.
This process involves verifying data consistency across various segments and geographic areas. It also requires comparing historical trends with the assumptions support the forecast. Any discrepancies involve adjustments to ensure everything remains aligned and dependable.
Once the data is finalized, we prepare the final outputs, including market size estimates, segment-wise breakdowns, and growth metrics. These are delivered in structured formats such as tables, charts, and data files for easy analysis and use.
We collaborate closely with clients, ensuring the final products align with their requirements. This includes offering tailored adjustments, supplementary data analyses, and continuous assistance. Furthermore, we monitor market trends post-delivery, providing updates and refinements to maintain the insights' relevance as time passes.
Post-delivery, we continue to monitor market shifts, offering updates and adjustments to ensure the insights remain relevant over time.
Validation
Triangulation Framework
- Company-level data
- Primary inputs from industry participants
- Secondary benchmarks and published data
- Variance maintained within ±5-10%
- Adjustments applied to align estimates
- Segment values validated against overall market structure
Quality Check
Data Consistency & Integrity
- Segment totals validated to 100%
- Regional estimates aligned with global market size
- Historical trends compared against forecast outputs
- Assumptions reviewed for cross-segment and regional alignment
Output & Delivery
Final Outputs
- Market size estimates (USD Mn/Bn)
- Segment-wise distribution (%)
- Growth metrics (CAGR %)
- Structured tables and charts
- Segment-level datasets
- Excel-based data files for further analysis
Client Alignment & Support
- Deliverables are aligned with defined client requirements and scope
- Custom data cuts and segment splits are incorporated as required
- Post-delivery queries are addressed through analyst interactions
- Additional clarifications and data support are provided upon request
Client Continuity & Updates
- Market developments are tracked post-delivery to capture changes in key trends
- Updated data and revisions are provided based on new market inputs
- Additional refinements and data cuts are shared as required
- Continued analyst engagement supports evolving client requirements
