The 5G Chipsets market is projected to grow from USD 36.3 billion in 2023 to USD 81.0 billion by 2028; it is expected to grow at a CAGR of 17.4% from 2023 to 2028.

The key factors driving the growth of the 5G Chipsets market are the rising adoption of 5G supported consumer electronics and demand for fast internet in IoT gateways with digitization in several sector.

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Qualcomm Technologies, Inc. is a global leader in developing and commercializing foundational technologies for the wireless industry. The company develops technologies and products used in mobile devices and other wireless products sold across sectors like automotive and telecommunication. The player leads in the 3G, 4G, and 5G wireless technologies market and has patents across the entire wireless system, including wireless devices and network infrastructure equipment.

MediaTek Inc. is one of the largest fabless semiconductor companies that powers more than 1.5 billion devices annually. The player provides chipset technology for smart TVs, voice assistant devices (VAD), android tablets, feature phones, and optical and Blu-ray DVD players. The core business segments include Mobile, Home, and Automotive. The chips and technologies offered by the company are used in 20% of homes globally. MediaTek Inc. offers a balanced portfolio of products through three product segments: mobile computing, growth, and harvest platforms, which accounted for 35%, 30%, and 35%, respectively.

Huawei Technologies Co., Ltd. is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. The company caters to solutions across four key domains - telecom networks, information technology (IT), smart devices, and cloud services through four broad segments: Carrier, Enterprise, Consumer, and Others. The Carrier Business provides global telecom carriers with end-to-end commercial network products, services, and solutions, including wireless networks, cloud core networks, fixed networks, services, and software.