COVID-19 IMPACT
ANALYSIS ON EUROPE 5G CHIPSET MARKET
The exclusive COVID-19 impact analysis report by Axiom MRC
provides a 360 degree analysis of micro and macro-economic factors on the 5G
chipset market. In addition, complete analysis of changes on the 5G chipset
market expenditure, economic and international policies on supply and demand
side. The report also studies the impact of pandemic on Europe economies,
international trade, business investments, GDP and marketing strategies of key
players present in the market. The 5G innovation and the chipset market were
decidedly affected by the COVID-19 pandemic because of the critical utilization
of remote applications which incorporates remote working, distancing,
telemedicine, videoconferencing, and live real-time. Through the prevalence of
the COVID-19 pandemic remote working, telemedicine, and other remote
applications are the new normal and this has become amazingly significant,
because of the development and deployment of advanced technologies. National
and international rules ought to think about its consideration in their
updates. During the COVID-19 pandemic, required social distancing and the
absence of effective treatment have made telemedicine the most secure intuitive
framework between patients, both infected and uninfected, and clinicians.
Besides, the pandemic has changed the way people work, and more and more people
are choosing to work from home (WFH). Unlike traditional work patterns, this
approach has limitations and has had a significant impact on both organizations
and individuals. So, this will spur the rising interest for strong innovation
and their parts. Nonetheless, the slowdown of 5G deployment has represented
various obstacles for producers, other than different difficulties, for
instance, store network issues, labor force deficiencies, and limitations on
development limited the growth of the market.
MARKET OVERVIEW-
EUROPE 5G CHIPSET MARKET
MARKET DRIVERS
The speed and reliability of 5G are expected to have a
massive impact on machine-to-machine (M2M) and IoT. Key reasons for the
increased adoption of new M2M technologies are better connectivity for smooth
communication and low power requirement. The existing capacity of mobile
networks must be able to handle billions of nodes that are expected to ascend
in the next couple of years to achieve effective M2M communication. Nowadays,
the network capacity is incapable of handling M2M and human-based
communications, as well as their different communication patterns such as
latency time. For this reason, a next-level cellular network for mobile
communication, featuring hyper-connectivity and larger bandwidth, is required
(e.g., 5G network). M2M communication technology will be widely used in heavy
manufacturing industries and process industries (e.g., food industries) to
increase the efficiency of different processes and reduce human interference
with machines. M2M communication is thus expected to drive the 5G chipset
market.
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MARKET OPPORTUNITY
The continuous development of cellular networks has enabled
users to experience faster data rates with low latency. The rapid rise in data volume
has been largely driven by consumer demand for video, as well as business and
consumer moves to use cloud services. Demand for mobile data services is
primarily driven by the rising use of services and applications in both
consumer electronic devices and business-to-business (B2B) communication
systems that are currently using/testing data-intensive applications such as AR
and VR and 3D and ultra-HD video content.
MARKET RESTRAINTS
Prices of smartphone chipsets that support 5G are likely to
be more expensive than the 4G ones available currently. First-generation 5G
chipsets were limited to premium smartphones from 2019. Volume deployment of 5G
devices based on second-generation chipsets is being seen in 2020, and
third-generation chipsets will enable performance-optimized 5G devices in 2021.
Qualcomm proposes 5G support to its flagship Snapdragon 8-series SoC only, and
a limited number of premium smartphones use it. The company has planned to
significantly expand the 5G line-up by offering 5G the company’s 7 series and 6
series line-ups. Snapdragon 765 and Snapdragon 690 are already available for
mid-range smartphones. Still, the company has not revealed any plans for 4
series chipset that are used in cheaper phones. The addition of 5G to cheaper
phones would give the network technology a much broader audience. Qualcomm and
MediaTek are expected to lower the prices of 5G chipsets for mid-range
smartphones.
MARKET GROWTH
CHALLENGES
Data security and information privacy concerns can
potentially impede the adoption of the 5G chipset components over the forecast
period. Concerns over the security of the data being exchanged over
next-generation networks are rising across the globe. Various governments have
responded to these concerns by drafting favorable policies and stringent
regulations to ensure data security and information privacy.
CUMULATIVE GROWTH
ANALYSIS
The report provides in-depth analysis of Europe 5G chipset
market, market size, and compound annual growth rate (CAGR) for the forecast
period of 2022-2028, considering 2021 as the base year. With increasing demand
for various chipsets in various applications has led the increasing demand for
market and is expected to witness the growth at a specific CAGR from 2022-2028.
MARKET SEGMENTAL
OVERVIEW
The Europe 5G
chipset market is segmented into type, processing node, operational
frequency, application and country.
EUROPE 5G CHIPSET
MARKET BY TYPE
The 5G chipset market is studied for various type of chipset
such as radio frequency integrated circuits (RFIC), ASIC, Cellular IC and
mmWave IC. The ASIC segment is likely to dominate the market during the
forecast period. An ASIC or application specific integrated circuit is a microchip
designed for a special application, such as a kind of transmission protocol or
a hand-held computer. You might contrast an ASIC with general integrated
circuits, such as the microprocessor or random-access memory chips in the PC. A
command interface application specific integrated circuit and an analog
interface ASIC have been developed as a chip set for remote actuation and
monitoring of a collection of switches, which can be used to control generic
loads, pyrotechnic devices, and valves in a high radiation environment.
EUROPE 5G CHIPSET
MARKET BY PROCESSING NODE
The certain processing node such as less than 10 nm, 10-28
nm and above 28 nm are comprised in the Europe 5G chipset market. The 10-28 nm
is also contributing to the growth of the Europe 5G chipset market. With the
maturity of 28nm process technology, the market demand for 28nm products has
been explosive growth, which continued to 2017. From 2015 to 2016, the primary
applications for 28nm process were still mobile phone processors and basebands.
After 2017, although the application of 28 nm technology in the mobile area
declined, its applications in other fields like OTT boxes and smart TVs
increased rapidly. The huge capacity makes these suppliers well prepared for
future development of more emerging applications. 5G mobile phones have entered
a period of rapid growth; however, there is still huge potential for 4G phones
to achieve sales growth, and most 4G transceivers use 28nm process.
EUROPE 5G CHIPSET
MARKET BY OPERATIONAL FREQUENCY
The various operational frequencies such as sub-6 GHz, 24-39
GHz and above 39 GHz are comprised in the Europe 5G chipset market. The 24-39
GHz is also contributing to the growth of the Europe 5G chipset market. 24 GHz
and 39 GHz are both ideal for waypoint-to-waypoint transmission in relay
networks, rather than reaching out to end users. They both have five channels
and are highly compatible. 24 GHz, being a lower frequency, has better range
and penetration, while 39 GHz has higher data speed potential. 28-29 GHz,
meanwhile, is good for fixed wireless services, such as those used by
businesses. 31 GHz wireless spectrum is best used for endpoint to user network
outreach, in the scheme of 5G buildout. With each unique type of spectrum
having its own role, carriers will have to balance the different spectrums with
their own holdings to play geographically to each band’s strengths in order to
optimize their buildout. Some spectrum in these bands, of course, is already
owned by carriers, but only enough to conduct limited area 5G testing.
EUROPE 5G CHIPSET
MARKET BY APPLICATION
The various applications of 5G chipsets comprised in the
report are automotive, energy and utilities, IT infrastructure, consumer
electronics and others. The consumer electronics segment is also contributing
to the growth of the Europe 5G chipset market. The fifth generation of cellular
network technology, 5G will revolutionize the electronics industry and provide
new opportunities in consumer electronics. It will prove to be a game changer
for many industries soon as it promises to be. This dramatic change driven by
5G network deployments will require a skilled labor force trained to design,
install and maintain the infrastructure an equipment behind 5G. The wireless
industry, which already faces a shortage of qualified and skilled technicians
through effective on-the-job training, as well as classroom and online
education to create a skilled labor workforce to build future generation of
heterogenous networks.
EUROPE 5G CHIPSET
MARKET BY COUNTRY
The various countries studied in the Europe 5G chipset
market are UK, Germany, France, Italy and Spain. The UK is likely to dominate
the Europe 5G chipset market. The 5G chipset market in Europe is foreseen to
grow at a significant rate. The growth of the market in Europe is mainly driven
by increasing developments (such as R&D activities, investments, and
partnerships among companies) related to 5G in countries such as Germany,
France, and Italy. UK is one of the major countries involved in the development
of 5G network infrastructure. The UK government has been quick off the mark in
coordinating and stimulating 5G research in UK.
COMPETITIVE LANDSCAPE
ANALYSIS
The competitive landscape analysis of 5G chipset market is
certainly based range of market players operating in the semiconductor market
with increasing demand for production of 5G chipset. Besides, number of market
players offered wide range of products for different application in various
geographic locations. The market has major competitive analysis based on new
product launches as well as other developments.
The key players studied in market are Samsung Electronics
Co., Ltd., Anokiwave Inc., Broadcom Inc., Cavium Inc., Huawei Technologies Co.,
Ltd., Infineon Technologies AG, Intel Corporation, Macom Technology Solutions,
MediaTek Inc., Nokia Corporation, NXP Semiconductors NV, Qorvo Inc., Qualcomm
Technologies Inc., Renesas Electronics Corporation, Texas Instruments Inc.,
Unisoc Communications, Inc., among others.
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