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 rapid growth is fueled by the rising need for broad network coverage, faster internet connectivity, and the expanding integration of Machine-to-Machine (M2M) communication technologies across industries. These trends reflect the increasing digital transformation of enterprises and the growing reliance on seamless, real-time data exchange.

In addition, the accelerating adoption of 5G networks across smart cities, automotive applications, and the healthcare sector is significantly boosting the demand for 5G chipsets. The rising use of connected cars, interconnected devices, smartphones, and tablets is playing a vital role in expanding the market, as these technologies depend heavily on high-speed, low-latency connectivity enabled by 5G chipsets.

The increasing penetration, adoption, and launch of 5G smartphones worldwide is also a major factor supporting market expansion. According to the GSMA’s The Mobile Economy 2023 report, 5G adoption is expected to climb further due to more affordable devices and continued global network rollouts. By January 2023, around 229 commercial 5G networks were active globally, and more than 700 5G smartphone models had been introduced, including over 200 models launched in 2022 alone. This surge in 5G-enabled devices is anticipated to drive substantial chipset demand between 2024 and 2030.

Key Market Trends & Insights

• Asia Pacific dominated the market and accounted for a 41.20% share in 2023, supported by strong manufacturing ecosystems, large consumer bases, and aggressive 5G infrastructure investments.
• The 5G chipset market in Europe is expected to grow at a significant CAGR of 20.0% from 2024 to 2030, driven by ongoing network modernization, industrial automation initiatives, and supportive regulatory frameworks.
• The 5G chipset market in MEA is anticipated to grow at a significant CAGR of 21.4% from 2024 to 2030 as countries in the region accelerate digital transformation, expand telecom capabilities, and adopt advanced wireless technologies.
• Based on type, the RFICs segment dominated the market in 2023 and accounted for a 45.09% share of global revenue, owing to their essential role in enabling efficient signal transmission and reception in 5G devices.
• In terms of vertical, the IT and telecom segment dominated the market in 2023, benefiting from large-scale network deployments, rising data traffic, and increasing demand for advanced communication technologies.

Order a free sample PDF of the 5G Chipset Market Intelligence Study, published by Grand View Research.

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

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The 5G chipset market is set for strong and sustained growth as global industries continue to adopt advanced wireless technologies to support digital transformation. With rising demand for high-speed connectivity, increasing deployment of 5G networks, and a rapid expansion in 5G-enabled devices, the market is positioned to advance significantly through 2030. Regions such as Asia Pacific, Europe, and MEA are making substantial investments to strengthen 5G infrastructure and expand commercial applications. As new smartphone models, smart city solutions, and connected systems evolve, 5G chipsets will remain essential components enabling faster communication, improved efficiency, and long-term technological innovation.