North America 5G Chipset Market Trends, Size, Segment and Growth by Forecast to 2030

The 5G chipset market in Europe is projected to grow significantly, increasing from US$ 250.4 million in 2019 to US$ 5,228.6 million by 2027, at a compound annual growth rate (CAGR) of 46.2% during the forecast period.

This rapid growth is driven by rising demand for smartphones and the proliferation of connected devices and IoT technologies, all of which require advanced network infrastructures. Additionally, emerging enterprise, industrial, and residential applications are expected to generate substantial growth opportunities for the 5G chipset market. Use cases such as Fixed Wireless Access (FWA) for households and distributed cloud architecture for industrial operations are examples of how 5G will support diverse and complex requirements.

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These new use cases demand networks with enhanced capabilities, including higher data rates, reduced latency, improved scalability, and increased reliability and security. Distributed cloud architecture plays a pivotal role in meeting these demands by enabling applications to be deployed centrally or at edge locations. Bringing services closer to the user minimizes network transport delays, improving response times for content delivery, control, and user interactions. These factors are expected to significantly influence the growth trajectory of the 5G chipset market in the coming years.

The market is segmented by product type into devices, customer premises equipment (CPE), and network infrastructure equipment. Among these, the devices segment led the European market in 2019 and is expected to maintain its dominance throughout the forecast period. The growing urbanization, increasing number of connected devices, and widespread use of smartphones and tablets across urban, semi-urban, and rural regions continue to drive demand for a more robust 5G network. Furthermore, benefits such as improved data rates, broader coverage, and extended battery life due to lower power consumption will contribute to the widespread adoption of 5G chipsets.

Regionally, the European market includes countries such as France, Germany, Italy, Russia, and the UK, along with the rest of Europe. While the UK held the largest share of the market in 2019, France is expected to emerge as the leading market during the forecast period. France is proactively advancing its 5G infrastructure, notably by establishing a legislative framework that enables autonomous vehicle testing on public roads.

Moreover, regulatory efforts from ARCEP, France’s telecom regulatory authority, are further supporting 5G commercialization. ARCEP has granted temporary frequency authorizations to facilitate 5G pilot programs in the 3400–3800 MHz and 26 GHz bands, and is also working toward securing over 300 MHz of contiguous spectrum by 2020. These proactive initiatives are laying the groundwork for a robust 5G ecosystem, contributing significantly to the growth of the 5G chipset market in France and across Europe.

North America 5G Chipset Strategic Insights

Strategic insights for the North America 5G Chipset provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America 5G Chipset Report Scope

North America 5G Chipset Regional Insights

The geographic scope of the North America 5G Chipset refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

EUROPE 5G CHIPSET MARKET SEGMENTATION

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights

Author: Akshay patil