5G commercialization has arrived, and the chip market has ushered in new development opportunities

The future of the Internet of Everything, which seemed a bit like science fiction a few years ago, is now upon us. Smart homes, connected cars, industrial sensors sharing data every second, and all components of this future will be connected together by 5G networks.

Now, it’s more important than ever for businesses across a wide range of sectors to join the 5G innovation race and stake their claim in a market that’s only going to get bigger.

On January 7, foreign media quoted sources as saying that by 2025, the 5G industry is expected to become a US$277 billion market, with a compound annual growth rate of 111%.

Currently, whether it is consumer electronics manufacturers, telecommunications giants, or industrial equipment manufacturers, everyone wants to have a place in this multi-billion dollar market, and the competition is very fierce.

As we all know, chips are becoming more and more important in the 5G era, because 5G is not only for mobile phones, but also for all smart devices. According to forecasts, the global 5G chipset market value was US$1 billion to US$1.3 billion in 2019; it is expected to reach US$22.41 billion by 2026 and US$40.45 billion by 2027. From 2019 to 2027, the 5G chipset market will have a double-digit compound annual growth rate and will become a multi-billion dollar market in the next few years.

With the continuous acceleration of 5G commercialization, the scope of 5G networks is continuing to expand, and will promote the continuous emergence of 5G application scenarios, which will greatly drive the demand for chips in related industries. There is no doubt that the advent of the 5G era will bring huge opportunities to the chip market.