From GlobeNewswire: 2024-11-14 09:40:00

5G chipsets are revolutionizing mobile technology, enabling faster data transfers and cloud reliance. Verizon’s 5G services in smart cities, like Indianapolis, aim to address urban challenges. The demand for 5G chipsets is driven by IoT connections and smart city initiatives. Market growth is projected to hit USD 3889 billion by 2033, with Asia-Pacific leading the charge. Regional players like Qualcomm are driving innovation in the 5G chipset market.

The adoption of 5G technology is transforming the global market, with a projected growth rate of 87.2% by 2033. Chipset types like ASICs and RFICs are leading the market, catering to various industries like consumer electronics and healthcare. The Asia-Pacific region is expected to dominate the 5G chipset market, driven by increasing demand for broadband services and technological advancements.

Major players in the 5G chipset market include Qualcomm Technologies, MediaTek, and Samsung Electronics. Recent developments in the industry, like Qualcomm’s collaboration with Mahindra & Mahindra for in-vehicle experiences, highlight the continuous innovation in the sector. The segmentation of the market by chipset type, operational frequency, and end-user industry provides a comprehensive overview of the evolving 5G chipset landscape. Stay informed with Straits Research for the latest market insights and trends.



Read more at GlobeNewswire: 5G Chipset Market Size to Worth USD 3889 Billion by 2033 |