Increasing demand for high speed internet and wide network coverage and high adoption of M2M communication technology is driving the growth

DUBLIN, March 23, 2023 /PRNewswire/ — The: “5G Chipset Market by Type (Modems, RFIC), Frequency (Sub-6 GHz, 24 – 29 GHz, Above 39 GHz), Process Node (Less than 10 nm, 10 to 28 nm, Above 28 nm) high), by end-use (Telecom infrastructure, mobile devices) and region: global forecast to 2028 report added suggestion.

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The 5G chipset market is predicted to reach 81.0 billion USD to 2028, growing at a CAGR of 17.4% from 2023 to 2028. This report covers major end-uses, namely telecommunications infrastructure, mobile devices, non-mobile devices and automotive.

The modem segment is projected to grow at a significant CAGR in the market during the forecast period

The modem or base processor converts the data into a signal that can be used to modulate the transmission carrier frequency and vice versa.

A Bezera processor is a chip in a device such as a smartphone or tablet that handles cellular transmission. These are widely used in radio frequency (RF) and wireless communications. Qualcomm Technologies, Inc. (USA); MediaTek Inc. (Taiwan); and Huawei Technologies Co., Ltd. (China) are among the popular suppliers of 5G modems.

By end use, the automotive segment market is estimated to grow at the highest CAGR in the market

5G is expected to be crucial in the transformation of the automotive industry. It will develop new applications that are difficult to advance with the current generation of mobile technology. 5G can allow system and application developers to offer a wide range of activities. Modern vehicles use vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P) and vehicle-to-network (V2N) technologies.

It will further help develop other applications such as automated driving, digital logistics and smart navigation. The 5G network provides fast connectivity with low latency. Moreover, the data transfer speed of the 5G network is higher than that of the previous generation. Therefore, 5G will play an integral role in autonomous driving.

Europe to grow at the highest rate in the 5G chipset market

By partnering with chipmakers, the European government aims to diversify its fabs and all parts of the semiconductor supply chain, including assembly and testing. They are looking to move chip manufacturing out of traditional strongholds (Asia Pacific region) in North America and: Europe (Italy, Germany, Netherlands, SpainGreat Britain and Norway) Europe It has set ambitious targets to increase its chip manufacturing capacity from 9% (FY 2020) to 20% (FY 2030) over the same period.

The region includes several key countries that are adopting Industry 4.0 and IoT and connected cars at a higher rate. The adoption of these technologies is largely dependent on connectivity, and the 5G network is expected to play an integral role in the development of the European market.

Market dynamics


  • Increasing demand for high-speed Internet and broadband coverage

  • High use of M2M communication technology

  • Increase in mobile data traffic



  • Growing demand for 5G network in automobiles, smart cities and healthcare

  • Emergence of Private 5G Networks to Address Wireless Connectivity Requirements in Industrial IoT


Case Study Analysis:

  • US Cellular Uses Ericsson’s 5G Mmwave Extended Range Fwa Services to Deliver High-Speed ​​Broadband Services

  • Tusass and Ericsson connect Greenland with 5G

  • Inseego’s 5G solutions have enhanced the digital infrastructure of smart cities Southern Europe

Mentioned companies

  • Analog devices

  • Anokiwave Inc.

  • Arm Limited

  • Broadcom:

  • Cadence Design Systems, Inc.

  • Fibocom Wireless Inc.

  • Huawei Technologies Co., Ltd.

  • Infineon Technologies Ag

  • Macom

  • Marvell

  • Mediatek Inc.

  • Murata Manufacturing Co., Ltd.

  • NXP Semiconductor

  • Ommick

  • Corvo

  • Qualcomm Technologies, Inc.

  • Quectel:

  • Renesas Electronics Corporation

  • Samsung:

  • Sievers Ima

  • Skyworks Solutions, Inc.

  • Texas Instruments Incorporated

  • U-Blox

  • Unisoc (Shanghai) Technologies Co., Ltd.

  • Xilinx:

For more information on this report, visit

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