The global 5G Chipset market size is expected to reach USD 28.79 billion by 2027 according to a new study by Polaris Market Research. The report “5G Chipset Market Share, Size, Trends, Industry Analysis Report, By Frequency Type (Sub-6GHz, mmwave, and sub-6GHz + mmWave); By IC Type (ASIC, RFIC, mmWave IC, Cellular IC); By Processing Node (7 Nm, 10 Nm, and others), By Deployment Type (Telecom Base Station Equipment, Smartphones/Tablets, Connected Vehicles, Connected Devices, Broadband Access Gateway Devices, Others), By Vertical (Healthcare, Manufacturing, IT and Telecom, Retail, Automotive and Transportation, Consumer Electronics, Energy and Utilities, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G Chipset is a set of integrated circuits and its implementation is dependent upon several components & specifications. The telecom service providers are switching to 5G cellular networks which is highly depends on denser arrays of short sized antennas that offer ultra-high data speeds. Surge in usage of digital devices, in which mobile devices is being the preferred device through which customers can consume online media including audio and video streaming, file sharing applications, among others. However, it has been a compelling factor to adopt 5G technology for higher consistency & lower latency in comparison to the previous technologies in the market.
Furthermore, the outbreak of COVID-19 has dramatically changed the prospects of the demand for 5G chipset in the market. In addition, several industrial verticals have jolted globally resulting in a significant slowdown of production and therefore, incorporating of 5G chipset & its demand has impacted in the market.
In 2019, the Sub-6 GHz segment accounted for the highest market share. The growing need for fast data networks capable of delivering higher bandwidth supports the growth of this segment. Increasing investments in development of 5G networks, along with technological advancement in telecommunication industry is expected to drive market growth during the forecast period. The increasing implementation of industrial internet of things, smart homes, and autonomous vehicles further supplement the growth of this segment.
The end-users of 5G Chipset include healthcare, manufacturing, it and telecom, retail, automotive and transportation, consumer electronics, energy and utilities, and others. The consumer electronics segment accounted for a significant share in 2019 owing to growing adoption of smart phones and other mobile devices, rising disposable income, and introduction of low-cost smartphones. The demand from the automotive sector is expected to increase during the forecast period. Increasing development of connected cars, and investments in research and development of smart and self-driving cars boosts the market growth. Use of 5G and IoT in transportation sector for fleet management, parking management, logistics management, and automotive analytics result in improved traffic management, optimized fuel usage, and efficient travel routes.
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The demand for application-specific integrated circuits is expected to be high during the forecast period. The increasing adoption of 5G chipsets enables businesses to connect devices to the internet at a growing pace. Large amounts of data generation coupled with analytics capabilities is expected to generate insights and automate processes at workplaces and businesses, driving the growth of this segment. The adoption of 5G chipsets would provide a more connected and smarter world, enabling high speed data services, increased productivity, and improved overall efficiency. These circuits enable collaboration between connected industrial ecosystems, humans, and machines leading to greater productivity and more engaging work experiences.
Asia-Pacific accounted for a significant share of the global 5G chipset market in 2019. The rising adoption of smart technologies, IoT, automation, and artificial intelligence across industries such as retail, healthcare, transportation, and manufacturing boost the market growth in Asia-Pacific. Growing population, rising penetration of mobile device, and integration of smart technologies for increased operational efficiency supports market growth. There have been have significant investments in development of 5G enabled networks to support the emerging industries such as telecommunication, automotive, and energy & utilities in the region.
Increased demand for smart manufacturing & adoption of 5G chipset components mainly in emerging economies such as China, Japan, and India are fueling the market growth over the forecast period. Moreover, the development of the manufacturing industry in order to enhance the overall productivity and automating their production lines by deploying various digitalization solutions. Therefore, the demand for 5G chipset in the manufacturing processes are becoming major growth factor over the forecast period.
Some of the major market participants include Texas Instruments Inc., Cavium Inc., Anokiwave Inc., Samsung Electronics Co., Ltd., IBM Corporation, Infineon Technologies AG, Nokia Corporation, Huawei Technologies Co. Ltd., MediaTek Inc., Xilinx Inc., Broadcom Inc., Qualcomm Incorporated, Qorvo, Inc., Unisoc Communications, Inc., Integrated Device Technology, Intel Corporation, Renesas Electronics Corporation, NXP Semiconductors NV, and Analog Devices Inc.
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The global 5G Chipset market size is expected to reach USD 28.79 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Chipset Market Share, Size, Trends, Industry Analysis Report, By Frequency Type (Sub-6GHz, mmwave, and sub-6GHz + mmWave); By IC Type (ASIC, RFIC, mmWave IC, Cellular IC); By Processing Node (7 Nm, 10 Nm, and others), By Deployment Type (Telecom Base Station Equipment, Smartphones/Tablets, Connected Vehicles, Connected Devices, Broadband Access Gateway Devices, Others), By Vertical (Healthcare, Manufacturing, IT and Telecom, Retail, Automotive and Transportation, Consumer Electronics, Energy and Utilities, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The telecom service providers are switching to 5G cellular networks which is highly depends on denser arrays of short sized antennas that offer ultra-high data speeds.
Furthermore, the outbreak of COVID-19 has dramatically changed the prospects of the demand for 5G chipset in the market.
The increasing implementation of industrial internet of things, smart homes, and autonomous vehicles further supplement the growth of this segment.
The end-users of 5G Chipset include healthcare, manufacturing, it and telecom, retail, automotive and transportation, consumer electronics, energy and utilities, and others.
The global 5G Chipset market size is expected to reach USD 28.79 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Chipset Market Share, Size, Trends, Industry Analysis Report, By Frequency Type (Sub-6GHz, mmwave, and sub-6GHz + mmWave); By IC Type (ASIC, RFIC, mmWave IC, Cellular IC); By Processing Node (7 Nm, 10 Nm, and others), By Deployment Type (Telecom Base Station Equipment, Smartphones/Tablets, Connected Vehicles, Connected Devices, Broadband Access Gateway Devices, Others), By Vertical (Healthcare, Manufacturing, IT and Telecom, Retail, Automotive and Transportation, Consumer Electronics, Energy and Utilities, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Complete Summary with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/5g-chipset-market Furthermore, the outbreak of COVID-19 has dramatically changed the prospects of the demand for 5G chipset in the market.
The increasing implementation of industrial internet of things, smart homes, and autonomous vehicles further supplement the growth of this segment.
The end-users of 5G Chipset include healthcare, manufacturing, it and telecom, retail, automotive and transportation, consumer electronics, energy and utilities, and others.
Moreover, the development of the manufacturing industry in order to enhance the overall productivity and automating their production lines by deploying various digitalization solutions.
Fleet owners will tell you that managing a fleet is not an easy thing. There are so many factors involved. If there is a failure in any of these, the fleet could run into a loss. The competition is severe, and the margins are low. In such a situation proper management of the fleet is essential. Today fleet management apps are helping fleet owners properly manage their operations.
There are still some areas where improvement is necessary. Fleet management software alone is not enough to manage the fleet. You need to integrate different technologies with the software to make your operations more streamlined. We will see how GPS can help in maintaining the fleet in a better way.
1. What Is GPS?
Before we get into seeing how GPS can help to enhance the functioning of your fleet management software, we need to understand what GPS is. GPS expands as a Global Positioning System. It is used to find the exact position of an object on earth. GPS helps in tracking objects and finding the route to a particular place.
The GPS system consists of 24 satellites placed at 19,300 kilometers above the earth. All these satellites orbit around the earth once every 12 hours at 11,200 km per hour. At any point in time, there are four satellites in sight from earth.
Every satellite continuously broadcasts its position and time. Every GPS receiver takes the information from these satellites to calculate the exact location. This process is known as triangulation. It needs at least data from three satellites to get a correct positioning. But if there is information from four satellites, it will be more accurate.
Different GPS devices will give you the reading at different speeds. A car’s GPS device will provide the location faster than the one in a smartwatch. This depends on how powerful the receiver is. The speed depends on how quickly the receiver can establish a connection with the required number of satellites.
All GPS receivers require a direct path to the satellites to establish a connection. This is why GPS may not give the correct reading when you are inside a building. Smartphones and other mobile devices will also depend on wi-fi connections and cellular towers to provide the exact locations.
2. GPS Applications
There are many applications for GPS. As it is a method for locating and positioning it is useful for many purposes. A mobile app development company will find the use of GPS in many apps. We will see a few places where GPS is useful.
Tracking Vehicles
This is one of the common uses. You can track a vehicle fitted with a GPS device from anywhere.
Tracking Animals
This is another important use nowadays. Animals are fitted with GPS devices so that scientists can locate them easily for undertaking various studies.
Surveying
The technology is beneficial in surveying and redrawing maps. Any change of course of rivers or other land masses can be easily detected.
Law Enforcement
GPS helps law enforcement agencies to track criminals. They can track stolen vehicles using GPS.
Accident/Repair Support
When you are stuck on the road, you can call emergency numbers. Even if there is no internet or mobile connection, the emergency crew can find you using GPS on your smartphone.
Geo-Fencing
This application is very useful to know the entry or exit of a vehicle from a designated area. GPS helps to know the presence of a vehicle in that area.
Search
Of course, this is one of the most common uses. With your location, there are map applications which can find hotels, restaurants, hospitals or places of interest for you. This is very useful when traveling to new places.
Military
It was the US military which first developed the GPS. It is used by all armies across the world to know movements of troops and for navigation.
3. Fleet Management Systems
We started the article by saying we will see how GPS can influence fleet management. We have seen what GPS is and how it helps us in various ways. Before we look at the advantages of integrating GPS in fleet management software, let us see why we need fleet management systems.
With proper fleet management software, the fleet owners can manage the trucks in a better manner to give maximum productivity. With so many different entities to be handled, it needs good software to manage the fleet. It helps in the proper flow of information.
A good fleet management system helps in time management. This is very important as the trucks need to be in time to pick up the goods. Companies depend on the truck companies to deliver products on time to their customers.
Fuel management is vital for fleet owners. With so many trucks being on the road, even slight mismanagement can result in huge losses. Every cent saved on fuel is adding to the profit of the company. Proper recording and analysis are possible with good software. If there is any vehicle is not giving the required fuel efficiency it can be corrected immediately.
Having good fleet management systems will help the management to plan the regular maintenance of the vehicle. If the fleet owners can record all details of the vehicle and the parts, then it is easy to know when the vehicle should stop for maintenance. It will prevent breakdowns and subsequent losses.
A good app development company can create a mobile app. This makes it easy for customers to book their goods. It is also easy to make payments to the company. They can even know when the on-demand delivery of products will take place. This makes customers happy. When proper information is available to customers, they will stick with the company.
Fleet management helps in analyzing driver behavior. With the maintenance of proper records, the owners can know how each driver is handling his job. It will also help drivers to input their information about stops and loads transported. Good software will help to keep the drivers happy as there will be no delay in their payments.
A good fleet management software also helps in knowing the actual performance of each vehicle concerning fuel and spare parts. This helps in changing operation methods if needed.
- There are many elements in the truck industry, and so effective management is a must.
- Good software can help in bringing all entities together and giving you data to analyze.
- Fleet management software helps in better time management.
- Good software helps in better fuel management. It results in saving a lot of money.
- The company can plan timely maintenance of the vehicle.
- Customer service is much better when you have good software
- The software can help drivers maintain their records properly and get paid on time.
- A good fleet management system helps in knowing the performance of each vehicle.
4. Use Of GPS In Fleet Management
A fleet is always on the move. Your trucks are in places where you cannot see them. Once they have left on a trip, you have almost no control over them. There can be various drawbacks due to this. Even with a good fleet management software, unless you knew the details for sure, you can’t do much good.
Management of a fleet depends on knowing where your truck is, how much it traveled in a particular time slot, how many stops and starts it made and how well the driver drove the truck. If the information is not available, it is hardly possible to take any action. Depending on people to give this information is not practical anymore.
Integrating a GPS system into your fleet management software brings a lot of benefits. The information you get is enough to run your fleet in a much better manner. You don’t have to depend on human inputs. Let us see some of the benefits that GPS system can give you.
The global 5G chipset market should grow from $870.0 million in 2019 to reach $10.9 billion by 2024 at a compound annual growth rate (CAGR) of 65.7% for the period of 2019-2024.Report Scope:The 5G chipset market is segmented into the following categories –– Deployment type: network infrastructure, smart gadgets, smartphones, routers/modems, and others.– Wafer material type: GaN (gallium nitride)-based chipsets, GaAs (gallium arsenide)-based chipsets, InP (indium phosphide)-based chipsets, SiN (silicon nitride)-based chipsets, Si-based chipsets, and others.– IC type: RFIC, ASIC, cellular IC, and mmWave IC.– Spectrum bands: 3GHz-5GHz, >5GHz-6GHz, and >6GHz.– End use: telecom infrastructure, automotive, building automation, industrial automation, retail, Energy and utilities, consumer electronics, and others.– Region: North America is segmented into the U.S., Canada, and Mexico; Europe is segmented into the U.K., France, Germany, and Rest of Europe; the U.K. is further segmented into England, Wales, Scotland, and Northern Ireland; Asia-Pacific (APAC) is segmented into China, Japan, India, and Rest of Asia-Pacific; Middle East and Latin America is segmented into UAE, Brazil, and Rest of Middle East and Latin America.Get view Sample Analysis This Report: https://www.trendsmarketresearch.com/report/sample/11721In addition to industry and competitive analysis of the 5G chipset market, this report also exhaustively covers patent analysis, and includes a listing of company profiles of key players active in the global market.Report Includes:– 91 data tables and 60 additional tables– Descriptive study with a trend analysis of the global 5G chipset market– Analyses of global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024– Quantitative data covering global 5G chipset market in terms of end use, material type, spectrum bands, deployment type and geographical region– Regional dynamics of the global 5G chipset market covering North America, Europe, Asia-Pacific, South America and rest of the world (RoW)– Holistic view of 5G chipset industry, the key developments, major drivers and trends, and challenges that affect the market and the supplier landscape– Revenue details and market share analysis of major manufacturers of 5G chipset– Comprehensive company profiles of leading market players, including Analog Devices Inc., Ericsson Inc., Intel Corp., Microsoft Corp. and Samsung Electronics Co. Ltd.Request For Discount On This Report at: https://www.trendsmarketresearch.com/report/discount/11721SummaryThe next generation of technology demands improvement in data speed.
The ever-increasing demand for broad network coverage and high-speed internet, with reduced power consumption and latency, will augment the growth of the global 5G chipset market during the projection period.
With 5G networks to be rolled out soon, the network providers and the smartphone OEMs are gearing up for the transition phase.
Studies and research on this subject introduced a wide range of areas and spheres where 5G chipsets will have major applications.
With the latest technological developments, the market has spread its operations and applications from North America to Asia and Europe, and all across the globe.
5G technologies facilitate all the necessary network advancements to completely automate the manufacturing process.
