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Wednesday, January 16, 2019

5G chip market set for 50% annual growth to $22bn by 2026

By Nick Flaherty

The global market for 5G chips is expected to grow from $2,120.0 million in 2020 to $22,929.0 million by 2026, an annual CAGR growth of 48.7%, says a report from Allied Allied Market Research.

Asia-Pacific is expected to dominate the market, followed by North America. In 2020, the US is expected to dominate the North America market and Germany is expected to lead the overall market in Europe. In Asia-Pacific, China is expected to dominate the market.
"In 2020, in terms of revenue, ASIC segment is expected to dominate the global 5G chipset market in the IC type category. By industry vertical, the consumer electronics segment is anticipated to dominate the market throughout the forecast period (2020‐“2026). The key players are adopting new techniques to provide advanced and innovative products to the customers," said Prasad Kakade, Lead Analyst at Allied Market Research,

Proliferation of M2M/IoT connections and increase in demand for mobile broadband services drive the growth of the market. However, high investment and technological and infrastructure challenges in the implementation of 5G network and privacy and security concern impedes this growth. In the near future, rise in government initiatives for building smart cities in the Asia-Pacific is expected to create lucrative opportunities for the key players operating in this market.

5G Chipsets Market by IC Type, Operational Frequency, Product and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020 - 2026

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