The 5G chipset market in Europe is experiencing substantial growth, projected to surge from US$ 250.4 million in 2019 to US$ 5228.6 million by 2027, demonstrating an impressive CAGR of 46.2% over this period.
Key Market Drivers
Several factors are fueling this expansion:
- Soaring demand for smartphones and connected devices: The increasing proliferation of smartphones, tablets, and various IoT devices necessitates advanced network infrastructure, driving the need for 5G chipsets.
- Emergence of new use cases: The advent of 5G is enabling a host of new applications across enterprise, industrial, and residential sectors. Examples include Fixed Wireless Access (FWA) for homes and distributed cloud architectures for industries. These use cases demand robust networks capable of handling diverse requirements for data rates, mobility, scalability, latency, security, integrity, availability, and reliability. Distributed cloud solutions, by deploying applications closer to the user, significantly reduce network transport delays and improve response times, which is critical for these new applications.
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Product Segments
The 5G chipset market is segmented by product into:
- Devices: This segment, encompassing smartphones and other connected devices, led the European market in 2019 and is anticipated to maintain its dominance throughout the forecast period.
- Customer Premises Equipment (CPE)
- Network Infrastructure Equipment
The widespread adoption of 5G chipsets in devices is driven by factors such as rising urbanization, the growing number of connected devices, and the increasing penetration of smartphones and tablets in both urban and rural areas. Additionally, improved network coverage, higher data rates, and enhanced handset battery life due to reduced power consumption are further boosting this segment.
Regional Landscape
The European 5G chipset market includes key countries such as France, Germany, Italy, Russia, and the UK, along with the rest of Europe.
- UK’s 2019 dominance: The UK held the largest share of the 5G chipset market in 2019.
- France’s anticipated leadership: France is expected to emerge as the dominant market with the highest share in Europe during the forecast period. This is attributed to proactive initiatives, such as the establishment of a legislative framework by 2019 to permit testing of autonomous vehicles on public roads, which will significantly rely on 5G technology.
- Regulatory support in France: ARCEP, the French telecom regulator, is actively promoting 5G commercialization. They have issued temporary frequency authorizations for 5G pilot programs in the 3400 – 3800 MHz and 26 GHz bands. Furthermore, ARCEP plans to allocate over 300 MHz of contiguous spectrum by 2020, fostering a conducive environment for 5G’s future.
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.
Market leaders and key company profiles
Broadcom, Inc.
Huawei Technologies Co., Ltd.
International Business Machines Corporation
Infineon Technologies AG
Mediatek Inc.
Nokia Corporation
Qualcomm Incorporated
Samsung Electronics Co., Ltd.
Telefonaktiebolaget Lm Ericsson
Xilinx, Inc.
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.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
Author: Akshay patil
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