COVID-19 IMPACT ANALYSIS ON NORTH AMERICA 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 North America 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- NORTH AMERICA 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 region. Various governments have responded to these concerns by drafting favorable policies and stringent regulations to ensure data security and information privacy. The growing trade conflicts between the U.S. and China are also expected to restrain the growth of the market for 5G chipset.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of North America 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 North America 5G chipset market is segmented into type, processing node, operational frequency, application and country.
NORTH AMERICA 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 RFIC segment is likely to dominate the North America 5G chipset market. The increasing demand for wireless products, optical and other high frequency application in recent years is one of the major factors driving the growth for the North America 5G chipset market. Adding to that, the demand for the RFICs is fuelled by the rising requirement for the connected mobile platforms and increasing use of internet across the region. Owing to availability of the RFICs in smaller sizes, consumer electronics are manufactured using the RFICs for fuelling the demand of small appliances these factors are also responsible for the growth of the RFIC segment during the forecast period.
NORTH AMERICA 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 North America 5G chipset market. The less than 10 nm segment is likely to dominate the North America 5G chipset market. Nm stands for Nanometer, nm is a unit of measurement for length in a metrics system just like meters, centimeter etc., it is used to express dimensions on the atomic scale. In technical terms, it is referred to as “process node” and “technology node”. Many chipsets manufacturing companies such as TSMC, Samsung, Intel, etc. uses nanometer as units in manufacturing processes. The number of transistors used in electronic devices differs according to their use. CPUs are made up of billions of transistors and are housed in a single chip. The smaller the distance between transistors in the processor (in nm), the more transistors can fit in a given space. Owing to that, the distance travelled by electrons to perform use work is reduced.
NORTH AMERICA 5G CHIPSET MARKET BY OPERATIONAL FREQUENCY
Operational frequencies such as sub-6 GHz, 24-39 GHZ and above 39 GHz are comprised in the 5G chipset market. The sub-6 GHz operational frequency is likely to dominate the North America 5G chipset market. In 5G technology, two kinds of frequency bands are classified. First are Sub-6 GHz bands being the frequency transmitted from cell phone towers are less than 6GHz frequency. This is very similar to 4G, were the frequencies transmitted from cell phone towers below 6GHz. On the other hand, the higher speeds that really set 5G apart from any of the 4G LTE require mmWave high frequency bands. These high frequencies have very large bandwidths, so they’re ideal for keeping everyone connected in busy environment like stadiums. So, in 5G, these two types of frequency ranges have been defined as: frequency range-1 (Sub-6 GHz, less than 6GHz) and frequency range-2 (mmWave, above 24 GHz).
NORTH AMERICA 5G CHIPSET MARKET BY APPLICATION
The North America 5G chipset market comprises various applications such as automotive, energy and utilities, mobile devices, IT infrastructure, consumer electronic and others. The mobile devices segment is likely to dominate the market during the forecast period. 2020 is certainly an extraordinary year. Governments across the globe have been implementing policies to promote 5G technologies and applications, which has plunged operators across the globe into even fiercer competition in large scale commercial rollout of 5G and trials in vertical industries. The COVID-19 pandemic has no only restrained the rapid development of 5G networks and the interconnected world but has also exerted a profound impact on the usage habits of global consumers. Meanwhile, this also allows us to take time to look into the future of 5G and the interconnected world from a newer perspective.
NORTH AMERICA 5G CHIPSET MARKET BY COUNTRY
The North America 5G chipset market is studied for key countries such as U.S., Mexico and Canada. The United States is likely to dominate the North America 5G chipset market. In the U.S., the market is estimated to grab a significant share in the years to come. The U.S. is witnessing robust investments in building smart homes, deploying smart industries, and rolling out smart cities. At the same time, the preference for high-graphics online gaming is growing among the consumers in the U.S. In addition, the country is emerging as an early adopter of self-driving cars and smart transportation infrastructure. All these developments are expected to drive the demand for 5G chipset components in the U.S.
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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