5G Chipset Market Global Trends And Revenue Growth Up To 2030

5G Chipset Market Summary

The global 5G chipset market size was estimated at USD 39.32 billion in 2023 and is projected to reach USD 143.69 billion by 2030, growing at a CAGR of 20.7% from 2024 to 2030. This strong market expansion is driven by the increasing demand for broader network coverage, ultra-low latency, and high-speed internet connectivity across both consumer and enterprise applications. In addition, the rising use of Machine-to-Machine communication technology is significantly contributing to market growth, as industries increasingly rely on automated data exchange between connected devices for real-time operations and monitoring.

Furthermore, the growing adoption of 5G networks in smart cities, automobiles, and the healthcare sector is accelerating demand for advanced 5G chipsets. Applications such as autonomous driving, remote patient monitoring, smart infrastructure, and industrial automation require high-performance chipsets capable of supporting large data volumes and ultra-reliable connectivity. The surging use of connected cars, smart devices, smartphones, and tablets is also contributing to market growth, as these devices increasingly rely on 5G technology to deliver enhanced performance and user experiences.

The increasing penetration, adoption, and launch of 5G smartphones worldwide continues to drive demand for 5G chipsets. According to the GSMA’s The Mobile Economy 2023 report, 5G adoption is expected to rise due to the availability of more affordable devices and the expansion of network deployments. By January 2023, there were around 229 commercial 5G networks globally, with more than 700 5G smartphone models launched, including over 200 introduced in 2022, highlighting the rapid pace of ecosystem development.

Key Market Trends & Insights

• Asia Pacific dominated the market and accounted for a 41.20% share in 2023, supported by large-scale network rollouts, high smartphone penetration, and strong manufacturing capabilities.
• The 5G chipset market in Europe is expected to grow at a significant CAGR of 20.0% from 2024 to 2030, driven by increasing investments in telecom infrastructure and digital transformation initiatives.
• The 5G chipset market in the Middle East and Africa is anticipated to grow at a significant CAGR of 21.4% from 2024 to 2030, supported by expanding connectivity projects and rising adoption of advanced communication technologies.
• Based on type, the RFICs segment dominated the market in 2023 and accounted for a 45.09% share of the global revenue, reflecting high demand for radio frequency components in 5G devices.
• In terms of vertical, the IT and telecom segment dominated the market in 2023, as network operators and service providers continue to lead 5G deployment.

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Market Size & Forecast

• 2023 Market Size: USD 39.32 Billion
• 2030 Projected Market Size: USD 143.69 Billion
• CAGR (2024-2030): 20.7%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights

Some of the key companies operating in the market include MediaTek Inc.; Samsung Electronics Co., Ltd.; Infineon Technologies AG; Huawei Technologies, Inc.; and Qualcomm Technologies, Inc.

• MediaTek Inc. is a global provider of fabless semiconductors. The company develops innovative systems-on-chip (SoC) for mobile devices, connectivity, home entertainment, and IoT products.
• Infineon Technologies AG is a global semiconductor provider. The company designs, manufactures, develops, and markets application-specific integrated circuits. It provides microcontrollers, interfaces, sensors, and transistor products.

Unisoc Communications Inc.; Qorvo, Inc.; and Murata Manufacturing Co., Ltd. are some of the emerging companies in the 5G chipset market.

• Qorvo, Inc. provides power and radio frequency (RF) technologies and solutions to infrastructure, mobile, the IoT, power management and defense/aerospace markets.
• Unisoc Communications Inc. is a chip manufacturer. The company’s product portfolio includes baseband chips, radio frequency front-end chips, radio frequency chips, mobile communication central processing units, AI chipsets, and other computing, communication, and control chips, etc.

Key Players

• Huawei Technologies, Inc.
• MediaTek Inc.
• Intel Corporation
• Samsung Electronics Co., Ltd.
• Infineon Technologies AG
• Qualcomm Technologies, Inc.
• Unisoc Communications Inc.
• Qorvo, Inc.
• Murata Manufacturing Co., Ltd.
• MACOM

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Conclusion

The 5G chipset market is poised for rapid growth, driven by expanding network coverage, rising adoption of connected devices, and increasing implementation of 5G across multiple industries. Strong demand from smartphones, smart cities, automotive, and healthcare applications is accelerating chipset adoption. Asia Pacific remains the leading region, while Europe and MEA are emerging as high-growth markets. Dominance of RFICs and the IT and telecom vertical highlights the importance of core network infrastructure. Continued innovation and global 5G rollouts will sustain long-term market expansion.