Artificial Intelligence
5G Chipset Market Size to Surpass USD 218.04 Billion by 2030, exhibiting a CAGR of 36%
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Pune, India, May 17, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global 5G Chipset Market Size was valued at USD 19.69 billion in 2022 and is projected to grow from USD 25.30 billion in 2023 to USD 218.04 billion by 2030, exhibiting a CAGR of 36.0% during the forecast period. This chipset is manufactured to transfer and carry high-speed internet data with a low-latency network. The fifth generation network chipset has lower latency than existing 4th generation (4G/ 4.5G/ 4.9G) LTE chipsets. It is also capable of offering higher efficiency and 10 to 100 times more data transfer than existing technology 4G technology, thus driving market proliferation. This information is provided by Fortune Business Insights, in its report titled, 5G Chipset Market Forecast, 2023-2030.
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Key Industry Development:
February 2022: Qualcomm Technologies, Inc. launched the new Snapdragon X70 5G Modem-RF System, its 5th generation modem-to-antenna 5G solution. The Snapdragon X70 unveils the world’s first 5G AI processor in a modem-RF system and enables users to harness the power of AI for breakthrough 5G performance with 10 Gigabit 5G downloads. It also promises low latency, incredible upload speeds, coverage, and power efficiency. It will allow global 5G operators to maximize spectrum resources for the best possible 5G connectivity.
Key Takeaways
- 5G chipset is a next generation high-end dedicated connectivity chipset device
- This chipset is manufactured to carry and transfer high-speed internet data with a low-latency network.
- 5G technology also increases overall smartphone and connected device performance.
- The growing use of 5G processors and chipsets in consumer electronics devices is driving the market globally.
Discover the Leading Players Featured in the Report:
“Companies leading the 5G chipset Market are Qualcomm Technologies, Inc. (U.S.), Broadcom (U.S.) , Unisoc Communications, Inc. (China), Mediatek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Huawei Technologies Co., Ltd. (China), Qorvo (U.S.) , Xilinx Inc. (U.S.), Infineon Technologies AG (Germany),”
Report Scope & Segmentation
Report Coverage | Details |
Forecast Period | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR | 36.0% |
2030 Value Projection | USD 218.04 Billion |
Base Year | 2022 |
5G chipset Market Size in 2022 | USD 190.6 Billion |
Historical Data for | 2019 to 2021 |
No. of Pages | 160 |
Segments covered | Type, Frequency, Deployment Type, Industry Vertical and Geography |
5G chipset Market Growth Drivers | Adoption of IoT Technology to Boost Product Demand and Drive Market Growth |
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https://www.fortunebusinessinsights.com/5g-chipset-market-107514
Drivers and Restraints:
Adoption of IoT Technology to Boost Product Demand and Drive Market Growth
The demand for high-speed and low-latency internet connections has been rising since the last decade, which, in turn, raises the need for high-speed internet networks and data transfer for rapid information processing. It also necessitates the adoption of 5G technology as it increases overall smartphone and connected device performance. For instance, according to a survey published by “Telecom-Talk”, the percentage of 5G smart phone users in the U.S. grew from 41% in 2021 to 63% in 2022. The rising adoption of advanced technologies, such as connected devices and IoT, has elevated the need for 5G chipsets in several consumer electronics, thus driving the 5G chipset market growth.
On the other hand, the high initial cost of adopting 5G chipsets will hinder market proliferation over the forecast timeframe.
Segments:
By Type
- Application Specific Integrated Circuit (ASIC)
- Radio Frequency Integrated Circuit (RFIC)
- Millimeter Wave Integrated Circuit (mmWave IC)
- Cellular Integrated Circuit (Cellular IC)
- Others
By Frequency
- Sub-6 GHZ
- 26-39 GHZ
- Above 39 GHz
By Deployment Type
- Smartphone/Tablets
- Connected Vehicles
- Connected Devices
- Broadband Access Gateway Devices
- Others
By Industry Vertical
- Energy and Utilities
- Manufacturing
- IT and Telecommunication
- Media and Entertainment
- Transportation and Logistics
- Consumer Electronics
Regional Insights:
Asia Pacific to Hold Major Share Stoked by Availability of Research & Development Facilities
Asia Pacific captured majority of the 5G chipset market share in 2022 owing to the availability of several chipset and advanced processor manufacturing units and research & development facilities in Japan, China, Taiwan, and South Korea. Moreover, developing economies, such as Australia, India, and Singapore, are focusing on enhancing their manufacturing capacity for chipsets, processors, and 5G devices, which will further aid market augmentation in the region..
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Competitive Landscape:
Product Launches by Industry Leaders to Aid Market Proliferation
Leading companies take various measures to strengthen their market position and maximize profits. Some of these measures include product launches, mergers and acquisitions, partnerships, and collaborations. For instance, in June 2021, Samsung Electronics, a leading consumer electronic products provider, launched its new 3GPP Rel.16 compliant chipsets, which are compatible with the next generation 5G mmWave radio frequency integrated circuit and 5G modem System-on-Chip (SoC). This product can effectively operate functions on a high-speed 5G low latency network.
FAQ’s
How big is the 5G chipset Market?
5G chipset Market size was USD 19.69 Billion in 2022.
How fast is the 5G chipset Market growing?
The 5G chipset Market will exhibit a CAGR of 36.0% during the forecast period, 2023-2030
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About Us:
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Email: [email protected]
Artificial Intelligence
Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”
RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.
Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).
The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.
The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.
To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.
SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.
The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.
Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.
The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.
The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:
“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”
He added:
“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.”
The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.
[email protected]
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Artificial Intelligence
Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification
XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.
GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions.
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
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Artificial Intelligence
SeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition
SAINT JORIOZ, France, Sept. 13, 2024 /PRNewswire/ — SeaBubbles, French pioneer in zero-emission hydrofoils, strengthens its commitment to ecological transition with the launch of SmartBubble, new flying boat model combining cutting-edge technology with iconic design. This innovative vessel, designed to carry up to eight people at a speed of 16 knots (30 km/h), takes its passengers on a silent and environmentally friendly flight, ideal for water taxi services and urban transportation.
SmartBubble: Concentration of Technology and Design
Following the success of its first public line on Lake Annecy, where hundreds of passengers experienced the unique sensation of flying aboard The Bubble (4-seater model), SeaBubbles reaches a new milestone with the homologation of the SmartBubble (8-seater model) and its four patents, including retractable foils.
SmartBubble technology is geared towards energy efficiency. The submerged wings (foils) equipped with automatic flaps allow to fly at low speeds, saving 40% of energy required. This unique boat has just been presented afloat for the first time at the Cannes Yachting Festival.
SeaBubbles Strengthens Flight Control Expertise with Neocean Acquisition
SeaBubbles also announces the acquisition of Neocean technology, to accelerate the development of flight control expertise, specifically on “inverted T” foils. Neocean is renowned for developing the Overboat, foiling catamaran with proven stability and maneuverability.
SeaBubbles is a key player in hydrofoil navigation, technology that improves energy efficiency of boats, particularly electric ones. The flight control system is a central element of the flight experience: it is designed to ensure stable flight by dynamically and autonomously managing the mechanical inclination of the flaps on the trailing edges of the foils.
SeaBubbles: Vision for the Future
SeaBubbles’ ambition is to revolutionize urban and suburban maritime transport with more efficient and environmentally friendly boats. Examples such as the Calanques National Park, Norwegian fjords, alpine lakes or the canals of Amsterdam demonstrate a committed initiative towards the preservation of aquatic ecosystems by gradually banning the circulation of thermal boats.
“Foils significantly reduce the drag of our boats, allowing our hydrofoils to move more easily and with less energy than a conventional boat: a considerable gain in cost and energy,” explains Virginie Seurat, CEO of SeaBubbles. “The acquisition of Neocean marks a decisive turning point and prepares us for our industrialization phase. We are ready to redefine the pleasure of boating and offer boats that comply with increasingly stringent environmental standards, while offering unique sailing comfort – zero noise, zero waves, zero emissions.”
AxiCom for SeaBubbles, [email protected]
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