5G IC\'s Market - Forecast(2022 - 2027)
5G ICs Market Overview The Global 5G ICs market size is forecast to reach $58.3 billion by 2026, growing at a CAGR of 25.4% from 2021 to 2026. Growing demand for high-speed internet services supporting broad network coverage, increasing adoption for cellular IoT connections and rise in mobile data traffic overtime attributes to the growth of 5G ICs market. With the surge of COVID-19 pandemic, there is significant growth towards work from home activities, driving the need for high-speed bandwidth cellular networks like 5G modems, routers and others. Additionally, growing investments towards 5G smartphone and high adoption of advanced technologies like IoT, AI and others have also emerged as the major factors driving its market growth. PCB designing using gallium nitrides with higher power density over silicon have been propelling its deployment in 5G radio frequency solutions due to smaller form factors. Rising investments towards connected vehicles, smart healthcare services, factory ...