How big is the 5G Chip Market?
According to 6Wresearch internal database and industry insights, the 5G chip market was valued at approximately USD 22.7 billion in 2024 and is projected to reach USD 69.3 billion by 2031, growing at a CAGR of 17.1% during the forecast period.
This growth is fueled by the rapid global rollout of 5G infrastructure, rising demand for connected devices, and advancements in semiconductor manufacturing processes.
Key Growth Drivers of the 5G Chip Market
- Massive 5G deployment in telecom infrastructure worldwide
- Rising demand for 5G-enabled smartphones, tablets, and wearables
- Emergence of smart factories, autonomous vehicles, and industrial IoT
- Technological progress in mm Wave and sub-6 GHz spectrum chipsets
- Strategic investments in 5G R&D and government-led 5G innovation programs
5G Chip Market Trends
5G chip market is witnessing a strong push toward integration of AI accelerators within modem chipsets for edge processing. To cut power and improve speed, the use of on-chip solution that incorporates CPU, GPU and modem, system on-chip (SoC) solutions is on the rise. To make even cheap 5G phones pervasive, smartphone producers are adding mid-range 5G processors to their smartphones. In addition, the deployment of 5G chipsets in server edge computing servers, AR/VR devices, and the next-gen routers is exploding. Multi-mode chipsets that support both 4G and 5G are also gaining traction in emerging markets.
Emerging Developments in the 5G Chip Market
Emerging developments include the launch of ultra-low-latency chips tailored for industrial automation, smart grids, and remote medical systems. Companies are working on AI-powered network slicing to dynamically allocate bandwidth. Advancements in 3nm and 4nm chip manufacturing are enabling more compact and energy-efficient 5G SoCs. Collaborations between telecom vendors and semiconductor firms are accelerating innovation in beamforming and MIMO-enabled chips. Additionally, satellite-to-device 5G chips are being developed for global rural connectivity applications.
Major Companies in the 5G Chip Market
- Qualcomm Technologies
- MediaTek Inc.
- Samsung Electronics
- Intel Corporation
- Huawei Technologies Co. Ltd.
- Apple Inc.
- Nokia Corporation
- Qorvo Inc.
- Marvell Technology
- Broadcom Inc.
How big is the 5G chip market : FAQs
The market was valued at USD 22.7 billion in 2024 and is projected to reach USD 69.3 billion by 2031 at a CAGR of 17.1%.
Smartphones, automotive, industrial IoT, and telecom infrastructure are key growth areas.
High-speed connectivity needs, industrial digitization, and widespread 5G rollout.
Complex chip design, high R&D costs, and global semiconductor supply chain constraints.
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