PUBLISHER: Grand View Research | PRODUCT CODE: 1511928
PUBLISHER: Grand View Research | PRODUCT CODE: 1511928
The global 5G chipset market size is anticipated to reach USD 143.69 billion by 2030, expanding at a CAGR of 20.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. With the increasing demand for 5G-enabled devices, there is a growing need for more powerful and efficient 5G chipsets that can support these devices. To improve performance and efficiency, many chipsets are being designed with built-in Artificial Intelligence (AI) capabilities, which allow devices to process data more quickly and accurately and make more intelligent decisions.
Additionally, there is an increasing focus on the development of specialized 5G chipsets for specific use cases, such as IoT devices, automotive applications, and virtual and augmented reality applications, which bodes well for the market growth. The rising demand for high-speed internet is a major driving force behind the growth of the market. With the increasing popularity of bandwidth-intensive applications such as high-quality video streaming, virtual and augmented reality, and cloud gaming, there is a need for faster and more reliable internet connectivity.
The 5G network is designed to provide significantly faster download and upload speeds, lower latency, and greater capacity than previous generations of wireless networks. As a result, there is a growing need for 5G chipsets that can enable high-speed internet connectivity for a wide range of devices, including smartphones, laptops, and IoT devices.
With the rollout of 5G networks in many parts of the world, consumers are increasingly looking for devices that can take advantage of the new technology. 5G smartphones offer faster download and upload speeds, lower latency, and greater capacity than previous generations of smartphones, allowing users to enjoy faster and more reliable internet connectivity. As a result, there is a growing need for 5G chipsets that can power these devices, enabling them to provide the high-speed connectivity that users demand.