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The global 5G chipset market size is projected to grow from $71 billion in 2026 to $455 billion by 2040, representing a CAGR of 14.25%, during the forecast period, 2026-2040.
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The new research study consists of global 5G chipset industry trends, detailed market analysis of leading 5G chipset manufacturers, Porter’s five forces analysis, megatrends analysis and market impact analysis. The report includes 5G chipset market forecast and opportunity analysis.
5G chipsets are advanced semiconductor components designed to enable high-speed data transmission with significantly lower latency than 4G technologies. Leading 5G chipset manufacturers, including Qualcomm, MediaTek and Huawei are among the leading innovators in the global 5G chipset industry with a portfolio of innovative products. Qualcomm offers a comprehensive array of 5G chipsets, featuring mmWave technology chips (mmWTC) and sub-6 GHz enabled systems on chips (SOC). Further, MediaTek’s Dimensity portfolio of 5G chipsets incorporate modems directly onto the chipset providing more efficient performance and improved global connectivity. For instance, recently, Apple announced its plan to launch cellular model chips next year and overtake Qualcomm's technology by 2027.
After the introduction of smartphones over the last decade, a number of advancements in the communication field have been witnessed. In the present day, the 5G network has tapped into the millimeter wave technology to bridge the gap between high-speed data transmission and the lagging time. The 5G spectrum utilizing millimeter wave frequency bands ranging between 24 GHz to 100 GHz provides ultra data transmission speeds and a higher capacity despite more cellular devices being connected to the network.
Some of the recent applications of 5G millimeter wave technology involve online gaming, live 8K video streaming and industrial automation. It is also worth highlighting that Huawei and the Fujian Medical University, China successfully carried out a surgical experiment on an animal using remote surgical platforms operating on Huawei’s 5G network. Fueled by such innovations and this rising demand for 5G technology, the market for 5G chipsets is anticipated to grow during the foreseeable future.
The 5G chipset market research report presents an in-depth analysis of various leading players involved in providing innovative chipsets and technologies, across different segments, as defined in the table below:
| Key Report Attribute | Details | |
| Historical Trend | 2022 | |
| Base Year | 2025 | |
| Forecast Period | 2026-2040 | |
| Market Size 2026 | $ 71 Billion | |
| Market Size 2040 | $ 455 Billion | |
| Growth Rate | CAGR of 14.25% from 2026 to 2040 | |
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| Geography |
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| Key Companies Profiled in the 5G Chipset Market |
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| PowerPoint Presentation (Complimentary) |
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| Customization Scope | 15% Free Customization | |
| Excel Data Packs (Complimentary) |
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The global 5G chipset market is segmented into different types of chipsets, such as application specific integrated circuits (ASICs), radio frequency integrated circuits (RFICs), millimeter wave technology chips (mmWTCs), field-programmable gate arrays (FPGAs) and others. Currently, ASICs are expected to capture the highest share in the 5G chipset market, and this trend is likely to remain the same during the forecast period. ASICs are custom-designed for one specific task, such as Layer-1 scheduling in a 5G radio unit. This hardened design allows them to offer significantly better performance-per-watt, which is critical for 5G base stations and smartphones that face severe thermal constraints.
The global 5G chipset market is segmented into different operating frequencies, namely sub-6 GHz, 24-39 GHz and above 39 GHz. Chipsets operating within the frequency range of 24-39 GHz are expected to grow at a relatively higher CAGR during the forecast period. This can be attributed to the fact that 5G technology utilizing millimetre wave frequencies between 24 GHz to 100 GHz provide ultra-high data transmission speeds. Further, it also improves the user experience when 5G enabled devices are used as connected devices in internet of things (IoT).
The global 5G chipset industry is segmented into different deployment areas, such as broadband access gateway devices, connected vehicles, connected devices, smartphones / tablets and others. Presently, smartphones / tablets capture the highest share in the 5G chipset market. It is worth highlighting that over two billion 5G smartphones were shipped globally. Further, the increased affordability of 5G smartphones owing to the reduced-price gap between 5G and 4G chipsets is also expected to drive the market.
The global 5G chipset industry is segmented across different end-users, such as the automation industry, automotive industry, consumer electronics industry, healthcare industry and others. Currently, the consumer electronics industry captures the highest share in the 5G chipset market and this trend is likely to remain the same during the forecast period. This can be attributed to the increasing adoption of 5G smartphones and tablets available at cheaper costs across the globe. Further, driven by the increasing demand for industrial process automation, the market for 5G chipsets used in the automation industry is expected to grow at a relatively higher CAGR during the forecast period.
This segment highlights the distribution of the global 5G chipset industry across various geographies, such as North America, Europe, and Asia-Pacific, Latin America, and the Middle East and Africa. According to our projections, currently, Asia-Pacific captures the majority share of the market opportunity. It is worth highlighting that the 5G chipset market in North America is expected to grow at a relatively higher CAGR, during the forecast period, 2026-2040.
The global 5G chipset market size growth is primarily attributed to the increasing demand for high-speed data transfer rates and the intensive application of AI and AR across various industries. Further, the rising involvement of internet of things (IoT) technology, featuring connected devices and the growing demand for wireless communication technologies is also expected to increase demand for 5G chipsets. Further, under the automotive industry, electric vehicles have started featuring connectivity to the internet, which is further propelling the market ahead.
Presently, the majority of the market share is captured by Asia-Pacific. The higher demand for 5G chipsets in Asia-Pacific is attributed to the relatively developed telecommunication industry in the region. However, the market for this technology in North America is expected to grow at a relatively higher CAGR, during the forecast period.
Examples of key companies involved in the global 5G chipset industry (which have also been captured in this market report, arranged in alphabetical order) include Analog Devices, Anokiwave, Arm, Broadcom, Cadence Design Systems, Fibocom Wireless, Huawei, Infineon Technologies, Intel, MACOM Technology Solutions, Marvell, MediaTek, Murata Manufacturing, NXP Semiconductors, OMMIC, Qorvo, Qualcomm, Quectel, Renesas Electronics and Samsung. This market report includes an easily searchable excel database for the leading companies offering 5G chipsets along with information on their product portfolios.
Several recent developments have taken place in the market, some of which have been outlined below.