5G Chipset Market Current and Future Trends, Leading Players, and Regional Forecast By 2032

 

According to a recent study done by FMI, the 5G chipset market is expected to reach US$ 180 Billion by 2032, up from US$ 21 Billion in 2022, expanding at a high CAGR of 25.5%. This study explains that the rising demand for high-speed internet and large network coverage for several applications, such as distance learning, autonomous driving, multiuser gaming, videoconferencing, live streaming, telemedicine, and augmented reality, is expected to propel the growth of the 5G chipset market.

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.

Currently, 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.

 

Click for More info: https://www.futuremarketinsights.com/reports/5g-chipset-market

 

Comments

Post a Comment

Popular posts from this blog

Chemical Hardener Compounds Market Segments, Dynamics, Size, Supply & Demand report 2028

  Chemical hardener compounds are used to increase the density and hardness of concrete surfaces. They are usually inorganic in nature and available in dry or liquid forms for application on cured or uncured concrete surfaces. Chemical hardener compounds, when applied to a concrete surface, react with the free lime in concrete, which results in a mixture consisting of dicalcium and tricalcium silicate compounds. These dicalcium and tricalcium silicate compounds further react with the excess water present in concrete to produce calcium silicate hydrate, which is also known as tobermorite gel. The end result of this entire sequence is that the empty pores of the concrete surface are filled with the by-products, thus increasing the density of the concrete surface. Also, the crystalline structure of the mixture is further strengthened with enhanced bonding, which increases the surface hardness of concrete. The application of chemical hardener compounds reduces the pitting and dust...
Read more

Medical Power Supply Devices Market Comprehensive Shares, Historical Trends And Forecast By 2033

  Medical Power Supply Devices Market The report’s findings indicate that in addition to the ageing population, a number of other factors will have a big impact on market growth, including a rising preference for portable devices, a high demand for home healthcare services, and encouraging government initiatives to improve healthcare infrastructure. The market for medical power supplies is expected to grow even more with technological advancements in medical power supply devices, such as smart medical devices incorporated in furniture and portable medical equipment for home care. According to a recent Persistence Market Research (PMR) analysis, the global market for medical power supplies will expand at a strong CAGR of 7% through 2029. Technological innovations in the medical industry, such as Brain Control Interface (BCI), outpatient robotic surgery, automated mobile wheelchairs, mobile robots for logistics applications in healthcare, and automated hospital beds are high-qu...
Read more

Catalog Management System Market Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects 2032

  According to the conclusions of the FMI research, during the projected period, the global  catalog management systems market  is estimated to increase at a CAGR of 8%, from USD 1.3 billion in 2021. Rising consumer demand for items, expanding internet access, and increasing smartphone prevalence are likely to fuel catalog management systems market expansion, acting as a stimulus for catalog management solutions from e-commerce businesses. The catalog management systems market is fragmented since a significant number of firms compete in it. The major factors projected to boost the usage of catalog management software among companies and SMEs across a variety of sectors, including retail and e-commerce, media and entertainment, telecom, IT, and travel and hospitality, are increased cloud adoption and digital transformation. Vendors in the catalog management systems market could expect additional prospects in developing nations throughout APAC and MEA. The market for ca...
Read more