Global 5G Chipset Market would reach $22.93 billion by 2024
The next generation of technology demands improvement in data speed. The demand for connectivity is expected to be driven by trends like autonomous cars, smart cities, industrial automation, and IoT (Internet of Things). The ever-increasing demand for broad network coverage and high-speed internet, with reduced power consumption and latency, will augment the growth of the global 5G chipset market during the projection period. With 5G networks to be rolled out soon, the network providers and the smartphone OEMs are gearing up for the transition phase. The 5G network relies on the cloud and arrays of small antenna to provide ultra-speed data for mobile communication. The network band will be different than that of 4G (LTE) band, so smartphone OEMs are looking to equip handsets with 5Genabled modem chipsets for end-to-end communication. The major manufacturers of 5G chipsets for handsets are Qualcomm, Samsung, Intel, Mediatek, and Huawei. Qualcomm claims its Snapdragon 855 series...