5G Chipset Market was valued USD 15.2 billion and projected to reach USD 83.3 million in 2029, exhib

Gmi Research02 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.