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5G Processor Market Expected To Cross USD 18.5 Billion By 2025: Global Forecast News

November 15, 2019 by Market-NewsFlash  

Market Forecast

The Global 5G Processor Market is expected to cross USD 18.5 Billion in 2025 growing at a CAGR of 18.3%.

 

 

Market Synopsis

The 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.

Segmentation

By Spectrum: The global 5G processor market is divided into Gigabit LTE spectrum and the mmWave spectrum. 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. It cannot match up to the speed provided by Gigabit LTE spectrum, but it is more affordable and ideal for applications where high transfer speeds are not a critical requirement. This spectrum has very short wavelengths in the range of 30–300 GHz which makes it susceptible to moisture and building blockage. However, its short wavelength means it can be picked up by short antennas and then beamed for transmission over long distances. The mmWave spectrum is fast enough to allow HD streaming for videos and for efficient downloads.

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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. This is driving the 5G processor market for manufacturing. 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.

Key Players

  • Samsung Electronics Co. Ltd
  • Hisilicon (Huawei)
  • Apple Inc.
  • UniSoc Communication
  • Intel Corporation
  • Qualcomm
  • AMD
  • MediaTek
  • Spreadtrum
  • ARM
  • Imagination Technologies
  • Nvidia

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