Global 5G Processor Market is expected to cross USD 18.5 billion in 2025 growing at a CAGR of 18.3%
5G Processor Market Highlight:
Global 5G processor market is slated to eventually overtake the 3G and 4G processor markets with the only limitations being the current higher cost of a 5G processor unit as well as the requirement for strong supporting infrastructure to relay data from 5G processors over large distances. The overwhelming advantage offered by 5G processors regarding transmission speed and accuracy is driving innovation in the market to overcome its shortcomings. Based on the global requirement for device interconnectivity as well as for large critical data transfer, the 5G processors market is slated to exhibit very strong growth during the forecast period.
The advent of self-driving cars within the automotive industry necessitates the use of processors which can transmit and receive high amounts of data in a short duration between the vehicle and its remote driving mechanism. It also enhances the connectivity between smart devices due to its fast transmission speeds, enabling a more cohesive interconnection between them. This finds application in the IoT segment and the consumer segment.
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- Samsung Electronics Co. Ltd
- Hisilicon (Huawei)
- Apple Inc.
- UniSoc Communication
- Intel Corporation
- Imagination Technologies
Global 5G Processor Market Segmentation:
The Gigabit LTE spectrum offers download speeds of up to 1000 Mbps, the highest in the market so far. This spectrum requires heavy investment in its supporting infrastructure for it to be able to perform at its peak efficiency. It is also more expensive than its alternatives. It is used for critical applications where data transfer occurs within a small area. The mmWave spectrum is the largest market in this segment.
By End-User: The largest market by end user is the telecommunications industry due to the growth in the 5G processor mobile market. 5G processors will find extensive use in the mobile and smartphone market due to their speed and efficiency and because they are the natural successor to 4G processors. With manufacturing industries increasingly automating their production facilities, there is a growing demand for communication between the different machines within a plant and its human supervisors.
- Excellent data transfer speeds
- Strengthening of IoT networks
- Critical utility in automated factories
- Consumer demand for high speeds for streaming data
- Transmission loss due to moisture and building blockage
- Higher market price than alternatives
North America: The largest regional market for 5G processors is North America. A huge and robust telecommunications industry, a manufacturing industry with high levels of automation, a pioneering automotive industry, as well as a huge smart device market are all factors driving the market in the region.
Europe: Europe is a technologically advanced region with a robust and highly automated manufacturing industry and a population invested in enhancing the IoT interconnectivity of devices. These serve to drive the European 5G processor market.
Asia-Pacific: The fastest-growing regional market, Asia-Pacific primary utility for 5G processors is its massive telecommunication industry. South Korea and Japan have some of the most advanced automated manufacturing plants which are also driving this market.
Rest of the World: Primarily based on demand in the telecommunication industry of the region, the gradual industrialization of this region will also contribute to the growth of the market.
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Major Key Points from Table of Content:
Table 1 Global 5G Mobile Processor Market Market, By Spectrum, 2019–2025
Table 2 Global 5G Mobile Processor Market Market, By End User, 2019–2025
Table 3 Global 5G Mobile Processor Market Market, By Region, 2019–2025
Table 4 North America: 5G Mobile Processor Market Market, By Country, 2019–2025
Table 5 North America: 5G Mobile Processor Market, Market, By Spectrum, 2019–2025
Table 6 North America: 5G Mobile Processor Market Market, By End User, 2019–2025
Table 7 US: 5G Mobile Processor Market Market, By Spectrum, 2019–2025
Table 8 US: 5G Mobile Processor Market Market, By End User, 2019–2025
Table 9 Canada: 5G Mobile Processor Market, Market, By Spectrum, 2019–2025
Table 10 Canada: 5G Mobile Processor Market Market, By End User, 2019–2025
LIST OF FIGURES
FIGURE 1 Global 5G Mobile Processor Market Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of The Global 5G Mobile Processor Market Market
FIGURE 4 Value Chain Of The Global 5G Mobile Processor Market Market
FIGURE 5 Share Of The Global 5G Mobile Processor Market Market In 2017, By Country (In %)
FIGURE 6 Global 5G Mobile Processor Market Market, 2019–2025
FIGURE 7 Sub-Segments Of Spectrum
FIGURE 8 Global 5G Mobile Processor Market Market Size, By Spectrum, 2017
FIGURE 9 Share Of The Global 5G Mobile Processor Market Market, By Spectrum, 2019 To 2025
FIGURE 10 Sub-Segments Of Connectivity
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