North America 5G Chipset Market Trends, Size, Segment and Growth by Forecast to 2030

The 5G chipset market in Europe is projected to grow significantly, rising from US$ 250.4 million in 2019 to US$ 5,228.6 million by 2027, at a robust CAGR of 46.2% during the forecast period.

This growth is primarily driven by increasing smartphone penetration, the proliferation of connected devices, and rising demand for IoT-enabled applications, all of which require advanced network infrastructures. Additionally, the emergence of new use cases across enterprise, industrial, and residential sectors is expected to create substantial opportunities for the 5G chipset market.

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The rollout of 5G technology is enabling innovative applications such as Fixed Wireless Access (FWA) for residential users and distributed cloud services for industrial sectors. These evolving network capabilities support use cases that demand high data rates, low latency, scalability, enhanced security, and high reliability. Distributed cloud architecture plays a key role in meeting these diverse requirements by allowing applications to be deployed at central, distributed, or edge locations. This architecture reduces network transport delays and brings services closer to end users, enabling faster response times and greater control.

Within the product segment, 5G chipsets are used in devices, customer premises equipment (CPE), and network infrastructure equipment. Among these, devices led the European market in 2019 and are expected to maintain their dominance throughout the forecast period. The increasing urbanization, rising adoption of smartphones and tablets across rural, semi-urban, and urban regions, along with the growing number of connected devices, are fueling the need for robust network infrastructure. Additional benefits such as improved coverage, higher data rates, and enhanced battery life through reduced power consumption further support the widespread adoption of 5G chipsets.

Geographically, the European market includes the UK, Germany, France, Italy, Russia, and the rest of Europe. The UK held the largest market share in 2019; however, France is expected to take the lead during the forecast period. France’s proactive regulatory stance is contributing to this shift. For instance, the French government planned to establish a legal framework by 2019 to enable autonomous vehicle testing on public roads—a move anticipated to drive 5G and chipset development. Moreover, ARCEP, the French telecom regulator, has granted temporary frequency authorizations for 5G pilot projects in the 3400–3800 MHz and 26 GHz bands. It also aims to allocate more than 300 MHz of contiguous spectrum by 2020. These initiatives are laying a strong foundation for the advancement and commercialization of 5G in the region.

The figure below illustrates the projected revenue share of the rest of Europe in the 5G chipset market over the forecast period.

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.

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.


Regional Insights into the North America 5G Chipset Market

The geographic scope of the North America 5G chipset market encompasses the distinct regions where companies operate and compete. Recognizing regional variations—such as differing consumer preferences (e.g., demand for specific plug types or backup power durations), economic conditions, and regulatory frameworks—is essential for developing market-specific strategies. Businesses can enhance their presence by identifying underserved areas and tailoring products or services to meet localized needs. A well-defined regional focus enables more efficient allocation of resources, precise marketing efforts, and stronger positioning against regional competitors, ultimately driving growth and market penetration.

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights