India 5G Chipset Market is Expected to Register a CAGR of 22.10% Through 2030
Rising Demand for Faster Data Speeds & Enhanced
Connectivity and Government Initiatives & Policy Support are likely to
propel the market during the forecast period.
According to
TechSci Research report, “India 5G Chipset Market – By Region,
Competition, Forecast and Opportunities, 2020-2030F”, India 5G Chipset Market was valued at USD 6.99
Billion in 2024 and is expected to reach USD 23.37 Billion by 2030 with a CAGR
of 22.10% during the forecast period.
The
primary driver of the India 5G chipset market is the escalating demand for
faster data speeds and enhanced connectivity across a variety of sectors.
India, with its growing digital economy, has seen a significant surge in data
consumption. The proliferation of high-speed internet across the country,
driven by the widespread adoption of smartphones and digital services, has led
to an increasing need for faster and more reliable networks. 5G technology,
offering ultra-fast data transmission rates, lower latency, and the ability to
support a massive number of connected devices, is seen as the next step in
satisfying these needs.
The
need for faster speeds is not limited to individual consumers but also spans
industries such as healthcare, automotive, manufacturing, and entertainment.
For example, industries like telemedicine and remote surgeries demand ultra-low
latency and high bandwidth, both of which 5G chipsets can provide. The
emergence of technologies like augmented reality (AR) and virtual reality (VR)
also requires robust data speeds to function optimally, contributing further to
the demand for 5G infrastructure and chipsets. Additionally, with the ongoing
development of smart cities and the Internet of Things (IoT), the demand for
high-speed connectivity is expected to soar. In India, several state
governments have launched initiatives for developing smart cities, which will
rely heavily on 5G to enable seamless connectivity between smart devices and
infrastructure. 5G chipsets are critical in supporting this digital
transformation by facilitating high-speed communication across multiple
platforms and devices. As businesses and consumers alike seek to enhance their
digital experiences, the demand for 5G chipsets will continue to rise in India,
driving the market forward.
The
consumer mobile market, which is a significant segment of India's growing 5G
adoption, also plays a crucial role in this demand. As India’s mobile phone
penetration continues to increase, there is a clear shift towards 5G-capable
smartphones. The availability of affordable 5G-enabled devices further fuels
the desire for faster, more reliable connectivity, compelling both consumers
and telecom operators to upgrade their network infrastructure and devices.
Consequently, 5G chipsets, with their advanced capabilities, are expected to
witness a sustained demand, supporting this broader trend of digital
advancement in India.
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Based
on End User, The IT & Telecommunication held the largest market share in
2024. The IT and Telecommunication
sector dominates the India 5G chipset market primarily due to the direct correlation
between 5G technology and the telecommunications infrastructure required to
enable high-speed, low-latency mobile networks. The telecommunication industry
serves as the backbone of 5G deployment, and the demand for 5G chipsets in this
sector is substantial, given the need for advanced components to facilitate
network upgrades and the rollout of 5G services across the country.
Telecom
operators in India, such as Reliance Jio, Bharti Airtel, and Vodafone Idea,
have been at the forefront of the 5G rollout, making large-scale investments in
infrastructure to ensure seamless connectivity. As the country transitions from
4G to 5G, telecom companies are upgrading their base stations, antennas, and
radio access networks (RAN) to support 5G frequencies. These upgrades require
sophisticated 5G chipsets capable of supporting higher data transfer speeds,
improved network capacity, and low latency. Therefore, a significant portion of
the chipset market is driven by the telecommunications industry’s need to equip
its infrastructure with the necessary hardware.
The
IT sector plays a vital role in driving demand for 5G chipsets in India. The
integration of 5G technology is essential for enabling a new wave of digital
transformation, from cloud computing and edge computing to artificial
intelligence (AI) and the Internet of Things (IoT). 5G chipsets are integral to
supporting these technologies, which are being increasingly adopted by Indian
businesses to enhance operational efficiency and improve customer experiences.
As a result, companies in IT and telecommunication sectors are investing
heavily in 5G-capable devices and infrastructure, fueling the growth of the
chipset market. Furthermore, the government’s push for a “Digital India”
initiative and the expansion of high-speed broadband networks have further intensified
the demand for 5G chipsets, solidifying the dominance of the IT and
telecommunication sectors in the market.
Based on region,
North India is emerging as
the fastest-growing region in the India 5G chipset market due to several key
factors that contribute to its rapid adoption of 5G technology.
One
of the main reasons is the region’s large and diverse population, which has a
high demand for mobile connectivity. States like Delhi, Uttar Pradesh, Haryana,
and Punjab are home to millions of mobile users, and the increasing demand for
faster, more reliable connectivity is driving the adoption of 5G-enabled
smartphones and devices. With the rollout of 5G networks in these states,
particularly in urban centers, the need for 5G chipsets has significantly
increased. The government's efforts to digitalize these regions through
initiatives like the Smart Cities Mission and Digital India have further
accelerated the demand for advanced mobile technology.
North
India has a significant presence of key telecom players such as Airtel, Jio,
and Vodafone Idea, who have aggressively pursued the deployment of 5G networks.
These telecom operators are focusing on expanding 5G infrastructure in cities
like Delhi, Chandigarh, and Lucknow, contributing to the growth of 5G chipset
demand. The region is also a hub for tech startups and digital enterprises,
increasing the need for high-speed connectivity for IoT applications, cloud
computing, and AI-driven services. This is fostering growth in the adoption of
5G-enabled devices beyond smartphones, including connected vehicles, industrial
IoT, and smart home devices, further driving the demand for 5G chipsets.
Major companies
operating in the India 5G Chipset Market are:
- Qualcomm Incorporated
- Samsung Electronics Co., Ltd.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- NVIDIA Corporation
- Broadcom Inc.
- Ericsson AB
- Texas Instruments Inc.
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“The India 5G chipset market presents
significant growth opportunities driven by increasing demand for high-speed
connectivity, the expansion of 5G infrastructure, and the proliferation of
5G-enabled devices across various sectors. Key growth drivers include the rise
of affordable 5G smartphones, widespread IoT adoption, and the integration of
5G in diverse industries such as healthcare, manufacturing, and automotive. India's focus on local semiconductor manufacturing and the
government's push for digital transformation further enhance market potential.
As the country accelerates its 5G rollout, demand for innovative,
cost-effective, and energy-efficient chipsets is expected to surge, creating
ample opportunities for market players.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global management
consulting firm.
“India 5G Chipset Market,
By Type (Application Specific Integrated Circuit, Radio
Frequency Integrated Circuit, Millimeter Wave Integrated Circuit, Cellular
Integrated Circuit), By Frequency (Sub-6 GHZ, 26-39 GHZ, Above 39 GHZ), By
Deployment Type (Smartphone, Connected Vehicles, Connected Devices, Broadband
Access Gateway Devices), By End User (Energy & Utilities, Manufacturing, IT
& Telecommunication, Media & Entertainment, Transportation &
Logistics, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth
potential of India 5G Chipset Market and provides statistics & information
on Market size, structure and future Market growth. The report intends to
provide cutting-edge Market intelligence and help decision-makers make sound
investment decisions., The report also identifies and analyzes the emerging
trends along with essential drivers, challenges, and opportunities in the India
5G Chipset Market.
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