The 5G chipset market in the Europe is expected to grow from US$ 250.4 Mn in 2019 to US$ 5228.6 Mn by the year 2027, with a CAGR of 46.2% from the year 2019 to 2027.
The significant growth in the smartphone demand and proliferation of connected devices and IoT demand for advanced network infrastructures are driving the growth of the 5G chipset market. Further, the emergence of new enterprise, industrial, and residential use cases in the near future is expected to facilitate significant growth opportunities for the 5G chipset market. The advent of 5G has brought a host of new use cases for industrial, enterprise and residential uses are anticipated to be enabled by the evolving networks over the course of years. Fixed Wireless Access (FWA) for residential use and distributed cloud for industries could be examples of these kind. The networks have evolved to handle use cases with different demands on data rates, mobility, scalability, latency, security, integrity, availability, and reliability. Such demands can be met with the help of distributed cloud architecture, which allows the applications to be deployed at a central, distributed and edge sites, for meeting specific requirements. In comparison to what is possible from central sites, providing services closer to the user reduces the network transport delay and enables faster time to content, actions and control. These factors are projected to gain traction in the coming times having a significant impact approaching the 5G chipset market.
The 5G chipset is used among different industry verticals under the name of product segment, which consists of devices, customer premises equipment, and network infrastructure equipment. The devices of 5G chipset market is leading the Europe market in 2019 and is expected to continue its dominance during the forecast period. Rising urbanization and the increasing number of connected devices and the penetration of smartphones, tablets in the rural, semi-urban and urban areas are promoting the demands for a more robust network infrastructure. Also, improved coverage and available data rates, and also improved handset battery life by reduced power consumption are other factors that would boost the widespread adoptions of 5G chipset.
The market for Europe includes France, Germany, Italy, Russia, and the UK, and the rest of Europe. UK dominated the 5G chipset market in 2019, however, France is expected to dominate the market with the highest share in the Europe region during the forecast period. France looks forward to establishing a legislative framework which would allow testing of autonomous vehicles on the public roads by 2019. This is expected to nurture the market of 5G and its chipset also in the future. In respect to an initiative undertaken by telecom operators to encourage 5G commercialization, ARCEP is on the list. It is a French telco regulator to present temporary frequency authorizations to conduct 5G pilots in the 3400 – 3800 MHz and the 26 GHz band. ARCEP also enable to make plans for above 300 MHz of contiguous spectrum by 2020. These initiatives are the fruitful activities conducted for the future of the internet, i.e., 5G. The figure given below highlights the revenue share of the rest of Europe in the 5G chipset market in the forecast period:
Exhibit: Rest of Europe 5G Chipset Market Revenue and Forecast to 2027 (US$ Mn)
EUROPE 5G CHIPSET MARKET SEGMENTATION
By Operation Frequency
By Product
By End-User
By Country
5G Chipset Market - Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 250.4 Million |
| Market Size by 2027 | US$ 5228.6 Million |
| CAGR (2019 - 2027) | 46.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Operation Frequency
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe 5G Chipset Market is valued at US$ 250.4 Million in 2019, it is projected to reach US$ 5228.6 Million by 2027.
As per our report Europe 5G Chipset Market, the market size is valued at US$ 250.4 Million in 2019, projecting it to reach US$ 5228.6 Million by 2027. This translates to a CAGR of approximately 46.2% during the forecast period.
The Europe 5G Chipset Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe 5G Chipset Market report:
The Europe 5G Chipset Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe 5G Chipset Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe 5G Chipset Market value chain can benefit from the information contained in a comprehensive market report.
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