The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on 5G Processor Market. The growth sectors of the 5G Processor Market are identified with precision for a better growth perspective.
The global 5G processor market is expected to cross USD 18.5 billion in 2025 growing at a CAGR of 18.3%.
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.
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
More Information@
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
5G Processor Market GrowthThe advent of fifth generation of wireless technology is marking a revolution in the telecommunication sector.
All thanks to well-structured, smart design of 5G processors.
Market Research Future (MRFR), a dynamic market research company, conducted a study on the 5G processor market maintaining top-up and bottom-down approaches.
Their critical utility in automation that gaining high popularity across industries can also promote the expansion of the global market of 5G processor.
Alongside, the rise in demand for live streaming, high definition videos, high speed connectivity in traffic regulating system, and surge in need for enhance gaming experience among the millennial using augmented and virtual reality are expected to largely influence the global 5G processor market.
The 4G processors business did not essentially bring good turn-over due to infrastructural setback.
Global 5G Processor Market Research Report: By Spectrum (Gigabit LTE, nature, mmWave) and By End User (Telecommunication, Manufacturing, IoT, Automotive, Consumers, Others) – Forecast to 2027Market ScopeThe 5G processor market 2020 can potentially achieve a strong valuation of more than USD 18.5 billion by 2025, reveals Market Research Future (MRFR).
The global market is also anticipated to expand at a rate of 18.3% between 2018 and 2025 (forecast period).
Post the SARS-CoV-2 outbreak, various companies were faced with tough decisions, in terms of finance and cost-cutting measures to ensure uninterrupted flow of operations.
The COVID-19 outbreak and the resultant lockdown has led to shutting down of operations, along with e-commerce and retail stores, which has made the supply chains fragile and created a larger gap between demand and supply.
Even as the world is struggling to find a COVID-19 breakthrough, the 5G processor market can expect some relief in the years ahead.Primary Drivers and Main ChallengesThe escalating demand for low-latency and ultra-reliable data networks that can deliver seamless connectivity is a highly important growth booster in the 5G processor market.
There has been an increase in the installation of these processors in connected vehicles to provide better Vehicle-to-Everything or V2X connectivity.In the coming years, with more nations acquiring the needed infrastructure that supports 5G, the demand for faster data transfers and dependency on cloud technology escalating, the 5G processor market is presumed to observe higher growth prospects.5G network with Internet of Things (IoT) is viewed as the perfect solution to various business issues that are related to industrial automation.
The growth sectors of the 5G Processor Market Trends are identified with precision for a better growth perspective.The advent of fifth generation of wireless technology is marking a revolution in the telecommunication sector.
Market Research Future (MRFR), a dynamic market research company, conducted a study on the 5G processor market maintaining top-up and bottom-down approaches.
Their critical utility in automation that gaining high popularity across industries can also promote the expansion of the global market of 5G processor.
Alongside, the rise in demand for live streaming, high definition videos, high speed connectivity in traffic regulating system, and surge in need for enhance gaming experience among the millennial using augmented and virtual reality are expected to largely influence the global 5G processor market.
There are certain causes that are responsible to limit the growth of the market.
The 4G processors business did not essentially bring good turn-over due to infrastructural setback.
