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Albany, New York, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Leading players working in the 5G chipset market are concentrating on the launch and advancement of new items in the 5G chipset market to pick up a focused edge and improve their brand image. For example, Samsung Corporation, in August 2018, reported the launch of Exynos Modem 5100, which is the main modem in the market that is completely consistent with the 3GPP models. The chip is based on the power-proficient 10-nanometer (nm) process innovation. Moreover, key players are occupied with getting into mergers and acquisitions with telecom operators and peers from different regions for leading 5G preliminaries to quicken installation of the 5G innovation. The key players operating in the report on the global 5G chipset market are Qorvo Inc., Samsung, Analog Devices, Inc., Anokiwave, Broadcom, Intel Corporation, Huawei Technologies Co., Ltd., Nokia Corporation, MediaTek, Inc., and Qualcomm Technologies, Inc.
As per a recent report by Transparency Market Research, the global 5G chipset market is prognosticated to witness an expansion with a colossal CAGR of 44.01% within the forecast period from 2019 to 2026. By the end of forecast period, the global 5G chipset market is valued to be of worth US$20,195.8 mn. On the basis of type, the 5G chipset market is classified into 10nm, 7nm, and others. Among these, the 7nm segment is likely to account for the maximum market share, in 2019, as far as revenue is concerned. The leading segment is preferred over others as its usage lessens the chip size and provides improved performance, along with reduced power consumption. Geographically, North America region is foreseen to account for the highest share in the global 5G chipset market in the upcoming years. The major reason behind this is the surging demand for the 5G technology commercialization by the key players in the region.
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Increased R&D Activities to Open Doors for New Players
Different telecom operators just as chipset makers are investing majorly in innovative work activities regarding the 5G commercialization. Telecom administrators are teaming up with different network equipment suppliers and service providers in order to quicken the 5G commercialization. A leading firm, Huawei, in November ‘18, declared to have marked 22 business agreements for 5G. The organization is at present working with over 50 transporters on 5G business preliminaries. Besides, different chipmakers are presenting progressed 5G chipsets in the market so as to quicken the appropriation of 5G over the world. For example, Qualcomm, launched its lead Snapdragon 855 chip that would encourage utilization of the 5G innovation in cell phones.
Surged Demand for On-Demand Video Streaming to Support Market Growth
Surging demand for fast Internet is expanding globally throughout the previous couple of years, particularly in developing economies, for example, China and India. The essential factor in charge of this growth is the rising popularity for on-request video streaming. So as to fulfill this flooding demand for rapid information, cell phone makers are taking part in the advancement of cell phones them 5G capacities. Besides, chipmakers are framing organizations with telephone makers to give with 5G chipsets that need to be deployed in their cell phones. For example, Qualcomm, has joined forces with 19 telephone manufacturers to provide them 5G chipsets.
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The review is based on the findings of a report by Transparency Market Research, titled “5G Chipset Market (Type - 7nm, 10nm; End user - Consumer Electronics, Industrial Automation, Automotive and Transportation, Health Care, Media and Entertainment, Energy and Utilities; Deployment - Devices, Customer Premises Equipment, Network Infrastructure Equipment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2026.”
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The 5G chipset market has been segmented as follows:
Global 5G Chipset Market, by Type
Global 5G Chipset Market, by End-user
Global 5G Chipset Market, by Deployment
Global 5G Chipset Market, by Region
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