5G Chipset Market Size, Share and Trend Forecast (2022-2028)

The Asia Pacific 5G Chipset Market is projected to experience a robust compound annual growth rate (CAGR) of 28% during the forecast period from 2022 to 2028. The region is expected to lead the global 5G chipset market, fueled by the presence of advanced manufacturing facilities, cutting-edge R&D centers, and leading semiconductor companies in countries such as China, Japan, South Korea, Taiwan, and Singapore.

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Emerging markets like India and Southeast Asia are also playing a vital role in driving regional growth. India and Singapore, in particular, are rapidly scaling up their manufacturing capabilities for 5G-enabled devices and processors, attracting substantial foreign investment and encouraging the establishment of new production units across the region.

Key Growth Drivers

One of the main drivers behind the market expansion is the increase in product launches by leading technology firms. For instance, in June 2021, Samsung Electronics unveiled its new 3GPP Rel.16 compliant chipsets. These chipsets are specifically designed to support next-generation 5G mmWave radio frequency integrated circuits and 5G modem System-on-Chip (SoC) solutions. Their ability to deliver high-speed, low-latency performance makes them ideal for both commercial and consumer applications.

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China remains a dominant force in the 5G chipset space, thanks to its advanced semiconductor manufacturing ecosystem and significant investments in R&D for high-end 5G technologies. The country hosts a large number of key market players and continues to drive innovation and growth in the industry.

Market Segmentation

By Operational Frequency:

Sub-6 GHz: Offers better data-carrying capacity compared to traditional 2.4 GHz bands, supporting broader coverage and higher efficiency.
26–39 GHz: This segment led the market in 2022, driven by demand in the automotive and IT & telecom sectors for high-speed data transfer. It is expected to maintain the highest CAGR throughout the forecast period.
Above 39 GHz: Expected to gain momentum due to its increasing adoption in the energy and utility sectors.

By End-User:

IT & Telecom: Accounted for over 36% of the global market share in 2021. The growing use of 5G chipsets in telecom base stations, broadband gateways, and networking infrastructure is helping address rising demand for fast and reliable data services, particularly with the expansion of streaming and cloud computing.
Other End-Users Include:
Manufacturing
Energy & Utilities
Media & Entertainment
Transportation & Logistics
Healthcare
Others

By Chipset Type:

Application-Specific Integrated Circuits (ASIC)
Radio Frequency Integrated Circuits (RFIC)
Millimeter-Wave Technology Chips
Field Programmable Gate Arrays (FPGA)

Regional Insights

Asia Pacific:

Key Countries: China, Japan, India, South Korea, and the Rest of APAC
The region is expected to dominate the global market, thanks to its combination of established semiconductor powerhouses and rapidly growing emerging economies.

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