According to the report published by Allied Market Research, the global 5G modems market generated $845.3 million in 2021, and is estimated to reach $10.8 billion by 2031, witnessing a CAGR of 29.1% from 2022 to 2031. The rise in demand for high-speed internet and large network coverage and the surge in demand for mobile broadband operational frequency drive the growth of the global 5G modems market.
The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Leading players of the global 5G modems market analyzed in the research include Xilinx, Huawei Technologies Co., Ltd., Spreadtrum Communications, Qorvo, Inc., Samsung Electronics Co. Ltd., MediaTek, Inc, Infineon Technologies AG, Intel Corporation, Nokia Corporation, and Qualcomm Technologies.
The report analyzes these key players of the global 5G modems market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Key Benefits For Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 5G modems market analysis from 2021 to 2031 to identify the prevailing 5G modems market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the 5G modems market overview assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global 5G modems market trends, key players, market segments, application areas,5G modems market forecast and market growth strategies.
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The report offers a detailed segmentation of the global 5G modems market based on modem type, mode, application, and region.
The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on modem type, the internal/integrated segment held the largest share in 2021, accounting for nearly 90% of the global 5G modems market and would dominate the market in terms of revenue through 2031. The external segment is estimated to witness the fastest CAGR of 33.6% during the forecast period.
In terms of mode, the single-mode segment captured the largest market share of more than two-thirds of the global 5G modems market in 2021 and is expected to lead the trail during the forecast period. However, the multimode segment is likely to achieve the fastest CAGR of 31.35% through 2031.
Based on application, the mobile and tablets segment held the largest share in 2021, accounting for nearly two-fifths of the global 5G modems market and would dominate the market in terms of revenue through 2031. The automotive segment, however, is estimated to witness the fastest CAGR of 31.28% during the forecast period.
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Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than one-third of the global 5G modems market and is likely to maintain its dominance during the forecast period. However, the market in LAMEA is expected to manifest the highest CAGR of 31.82% from 2022 to 2031. The other regions analyzed in the study include Europe and North America.
5G Modems Market Report Highlights
By Modem Type
• Internal/Integrated
• External
By Mode
• Single-Mode
• Multimode
By Application
• Mobile and Tablets
• Wearable
• Automotive
• Virtual Reality
• Others