5G Chipset Market - Global Industry Size, Share, Trends, Opportunities, and Forecast Segmented By IC Type (ASIC, RFIC, Cellular IC and mm Wave IC), By Operational Frequency (Sub 6GHz, Between 26 & 39 GHz, Above 39GHz), By Deployment Type (Device, Customer Premises Equipment, and Network Infrastructure Equipment), By Industry Vertical (Automotive & Transportation, Energy & Utilities, Healthcare, Consumer Electronics, Industrial Automation, and Others), By Region, Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 48.47 Billion
CAGR (2026-2031)	20.37%
Fastest Growing Segment	RFIC
Largest Market	North America
Market Size (2031)	USD 147.43 Billion

Market Overview

The Global 5G Chipset Market will grow from USD 48.47 Billion in 2025 to USD 147.43 Billion by 2031 at a 20.37% CAGR. The Global 5G Chipset Market comprises the production and sale of integrated circuits, including modems and radio frequency front-end modules, designed to enable fifth-generation cellular communication in consumer and industrial devices. The market is primarily driven by the critical necessity for high-bandwidth and low-latency data transmission required to support autonomous systems, smart manufacturing, and the digitization of urban infrastructure. These fundamental requirements compel original equipment manufacturers to integrate compatible semiconductors, ensuring that hardware infrastructure can sustain the rigorous data throughput and connectivity reliability demanded by modern network standards.

However, a significant challenge impeding broader market expansion is the substantial capital expenditure and technical intricacy involved in densifying network infrastructure, particularly for millimeter-wave spectrum deployment. This economic barrier often delays implementation in cost-sensitive regions, creating a bottleneck for component volume growth. Illustrating the current scale of adoption, according to 5G Americas, in 2025, global 5G connections reached approximately 2.6 billion. While this figure indicates robust uptake, the disparity in global infrastructure investment continues to restrict the total addressable market for chipset suppliers in developing economies.

Key Market Drivers

The Rapid Proliferation of 5G-Enabled Smartphones and Consumer Electronics serves as the primary engine for volume growth in the chipset sector. As handset manufacturers aggressively transition their portfolios to support fifth-generation standards, there is a corresponding surge in orders for integrated 5G modems and radio frequency modules essential for consumer connectivity. This trend is further amplified by the continuous reduction in component costs, making 5G capabilities accessible in mid-range and budget-tier devices. Illustrating this device-centric expansion, according to the Global mobile Suppliers Association (GSA), November 2024, in the '5G Device Ecosystem' report, the industry saw the number of announced 5G devices reach 3,142, creating a massive addressable market for semiconductor vendors. To support this hardware ecosystem, network usage continues to climb; according to Ericsson, in 2024, global 5G subscriptions reached 2.1 billion at the end of the third quarter, signaling sustained demand for chipset-equipped terminals.

Simultaneously, the Accelerated Deployment of Industry 4.0 and Industrial Automation is unlocking a high-value segment for specialized 5G chipsets designed for ultra-reliable low-latency communications (URLLC). Manufacturing facilities and logistics hubs are increasingly adopting private 5G networks to connect autonomous mobile robots, sensors, and legacy machinery, requiring industrial-grade silicon that ensures secure and uninterrupted data flow. Unlike consumer electronics, these applications prioritize stability and edge processing capabilities over pure throughput, driving innovation in specialized system-on-chip architectures. The traction in this enterprise domain is evident; according to Nokia, January 2025, in its financial results update, the company had secured approximately 850 private wireless network customers globally, reflecting the widening integration of cellular technology into operational technology environments. This industrial shift diversifies revenue streams for chipset makers beyond the saturated smartphone market.

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Key Market Challenges

The substantial capital expenditure and technical complexity involved in network densification significantly hamper the growth of the Global 5G Chipset Market. Telecom operators face immense financial pressure to deploy the dense grid of base stations required for millimeter-wave spectrum and Standalone architectures. This economic burden forces many service providers, particularly in developing regions, to slow their infrastructure rollout plans. Consequently, this deceleration limits the physical footprint of 5G networks, directly reducing the volume of infrastructure-grade chipsets needed for base stations and indirectly suppressing the demand for consumer device chipsets as coverage gaps persist.

This bottleneck is further evidenced by the sluggish transition to advanced network standards which require higher-value semiconductor components. The intricacy of upgrading from Non-Standalone to Standalone architectures creates a tangible gap between market intent and actual execution. According to the Global mobile Suppliers Association (GSA), in August 2025, while 173 operators globally were investing in 5G Standalone networks, only 77 had successfully launched commercial services. This disparity highlights how technical and financial barriers stall deployment, effectively capping the total addressable market for manufacturers of advanced 5G modems and radio frequency modules.

Key Market Trends

The Integration of On-Device Artificial Intelligence and Neural Processing Units is fundamentally reshaping semiconductor architectures to support generative AI workloads directly at the edge. Chipset manufacturers are moving beyond standard connectivity functions, embedding dedicated neural engines that enable smartphones and edge devices to process large language models locally without cloud dependency. This architectural shift significantly increases the silicon value per unit, as original equipment manufacturers demand high-performance logic to differentiate their premium tiers. Highlighting the financial impact of this technical evolution, according to MediaTek, February 2025, in its financial results update, the company's revenue from flagship system-on-chips featuring advanced AI capabilities more than doubled year-over-year to reach $2 billion in 2024.

Simultaneously, the Adoption of 5G Reduced Capability (RedCap) Standards for IoT is creating a new intermediate market segment between high-performance 5G and low-power wide-area networks. This trend addresses the cost and complexity barriers that previously hindered 5G adoption in wearables, surveillance, and mid-tier industrial sensors by optimizing chipsets for balanced power consumption and price rather than maximum throughput. By stripping away unnecessary features found in premium modems, semiconductor vendors can now target a massive volume of cost-sensitive IoT endpoints. Validating this infrastructure commitment, according to the Global mobile Suppliers Association (GSA), March 2025, in the '5G RedCap' report, 26 operators across 18 countries were actively investing in or deploying 5G RedCap technology to support this expanding device ecosystem.

Segmental Insights

The Radio Frequency Integrated Circuit segment is currently identified as the fastest-growing category within the global 5G chipset market, driven by the increasing necessity for efficient spectrum management in modern infrastructure. As telecommunication operators deploy massive multiple-input multiple-output systems and utilize millimeter-wave frequencies, the complexity of signal processing has intensified significantly. This shift mandates the use of specialized RFICs to maintain signal integrity and optimize power consumption across diverse frequency bands. Consequently, semiconductor manufacturers are prioritizing the production of these essential components to support the rigorous connectivity requirements of expanding commercial networks.

Regional Insights

North America maintains a dominant position in the global 5G chipset market, driven by the early and extensive deployment of telecommunication infrastructure across the United States and Canada. This leadership is reinforced by the presence of major semiconductor manufacturers that drive continuous product innovation. Additionally, the Federal Communications Commission has actively facilitated market expansion through strategic spectrum allocations, ensuring broad network coverage. The region experiences sustained demand for high-speed connectivity in consumer electronics and industrial applications, which compels manufacturers to increase production. These factors collectively establish North America as the primary revenue generator in the global sector.

Recent Developments

• In October 2024, MediaTek officially released the Dimensity 9400, a flagship 5G smartphone chipset manufactured using a second-generation 3nm process technology. The processor utilized a unique "All Big Core" architecture to deliver substantial improvements in single-thread and multi-thread performance while maintaining superior energy efficiency. The company emphasized the chipset's agentic AI engine, which facilitated advanced on-device generative AI applications and high-quality video generation. This strategic product launch aimed to challenge competitors in the premium mobile sector, offering device manufacturers a robust solution for high-end smartphones in the global 5G chipset market.
• In July 2024, UNISOC launched its T760 5G chipset in India, targeting the growing demand for affordable high-speed connectivity in the mass market. Built on an advanced 6nm EUV process, the chipset was designed to deliver efficient performance with an impressive benchmark score, making it suitable for mid-range smartphones. The company highlighted its strategic collaboration with leading original equipment manufacturers to integrate this technology into new devices. This move was intended to democratize 5G access and strengthen UNISOC's market share in the rapidly expanding budget segment of the global 5G chipset market.
• In February 2024, Qualcomm Technologies announced the Snapdragon X80 5G Modem-RF System during the Mobile World Congress in Barcelona. This new product featured a dedicated 5G AI processor specifically engineered to optimize data speeds, minimize latency, and enhance overall power efficiency for connected devices. It notably supported fully integrated narrowband non-terrestrial network satellite communications, setting a new standard for connectivity. The launch was designed to empower the next generation of premium smartphones and industrial IoT devices, reinforcing Qualcomm's leadership and technological advancement within the competitive landscape of the global 5G chipset market.
• In January 2024, Samsung Electronics unveiled the Exynos 2400 application processor at its Galaxy Unpacked event, signaling a strong return to in-house silicon for its flagship smartphone series. The new 5G-enabled chipset demonstrated a 1.7-fold improvement in CPU performance and a massive 14.7-fold increase in AI processing capabilities compared to its predecessor. It also integrated the Xclipse 940 GPU, built on AMD RDNA 3 architecture, to deliver hardware-accelerated ray tracing for immersive gaming. This launch highlighted Samsung's dedication to advancing semiconductor technology and competing aggressively in the high-performance tier of the global 5G chipset market.

Key Market Players

• Broadcom Inc.
• Advanced Micro Devices, Inc.
• Analog Devices, Inc.
• NXP Semiconductors N.V.
• Marvell Technology Group
• Qualcomm, Inc.
• Murata Manufacturing Co., Ltd.
• Mediatek Inc.
• Infineon Technologies AG.
• MACOM Technology Solutions Holdings Inc.
• Anokiwave, Inc

By IC Type	By Operational Frequency	By Deployment Type	By Industry Vertical	By Region
ASIC RFIC Cellular IC and mm Wave IC	Sub 6GHz Between 26 & 39 GHz Above 39GHz	Device Customer Premises Equipment and Network Infrastructure Equipment	Automotive & Transportation Energy & Utilities Healthcare Consumer Electronics Industrial Automation and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global 5G Chipset Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• 5G Chipset Market, By IC Type:

• ASIC
• RFIC
• Cellular IC and mm Wave IC

• 5G Chipset Market, By Operational Frequency:

• Sub 6GHz
• Between 26 & 39 GHz
• Above 39GHz

• 5G Chipset Market, By Deployment Type:

• Device
• Customer Premises Equipment
• and Network Infrastructure Equipment

• 5G Chipset Market, By Industry Vertical:

• Automotive & Transportation
• Energy & Utilities
• Healthcare
• Consumer Electronics
• Industrial Automation
• and Others

• 5G Chipset Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE