5G Chipsets Market to surpass USD 132 Billion by 2032, Says Global Market Insights inc.
5G Chipsets Industry size is expected to register 17% CAGR between 2024 and 2032 propelled by high-speed connectivity demand.
Selbyville, Delaware, Sept. 03, 2024 (GLOBE NEWSWIRE) — 5G Chipsets Market size will exceed USD 132 billion by 2032, as per a
Europe to come up as a market leader
Europe 5G Chipsets Market will grow substantially over 2024-2032, driven by the region’s strong focus on digital transformation and the widespread adoption of 5G technology across various sectors. Europe has been at the forefront of 5G deployment, with several countries rolling out 5G networks and investing in infrastructure to support the technology. The European Union’s commitment to fostering innovation and digitalization has further accelerated the adoption of 5G. Further, as European automakers increasingly integrate 5G technology into their vehicles to support connected and autonomous driving, shaping the regional market outlook.
5G chipsets Market Players
Major companies in the 5G chipsets industry include, Qualcomm Technologies, Inc., MediaTek Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Intel Corporation, Broadcom Inc., Nokia Corporation, Ericsson, Marvell Technology Group Ltd., Infineon Technologies AG. Their major strategies include partnerships and collaborations to enhance their technological capabilities and expand market reach. They are heavily investing in research and development to innovate and improve the performance of 5G chipsets, ensuring compatibility with emerging applications like connected vehicles and IoT devices. Additionally, these companies are expanding their production capacities and enhancing supply chain efficiencies to meet the growing global demand for 5G technology. They are also targeting new markets, particularly in Europe and Asia-Pacific, to capitalize on the widespread adoption of 5G networks in these regions.
In February 2023, Qualcomm Technologies, Inc., a leading semiconductor technology firm, introduced the Snapdragon X75, its latest 6th generation 5G radio frequency modem. A key innovation of the Snapdragon X75 is its support for 5G-Advanced (5G-A), an enhanced network protocol designed to offer superior performance beyond conventional 5G connections.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
