5G Chipset Market earned USD 15.2 billion and to reach USD 83.3 million in 2029, increasing at a CAG

Gmi Research03 Mar, 2023Technology

5G Chipset Market size was estimated at USD 15.2 billion and is expected to reach USD 83.3 million by 2029, expanding at a CAGR of 23.7% over the forecast period (2022-2029) attributed to increasing demand for high-speed internet services.Global 5G chipset market is majorly driven by surge in the demand for high-speed internet services, growth in mobile traffic and growing need for smart technologies. Mobile technology has spread rapidly, as a result smartphone ownership rates have grown exponentially. Increasing smartphone userbase along and improvements in the performance of networks, are the major factors, which are boosting the mobile data traffic.