The 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). It is also projected that the market can reach a valuation of USD 1679.0 Million by 2024. We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
COVID-19 Impact Analysis
The worldwide lockdown on account of the COVID-19 outbreak has led to an economic crisis that has hit various industries. While a number of business sectors are bearing the brunt of the pandemic, the smartphone manufacturing industry seems has been severely impacted. 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 lockdown situation was the short term impact that the novel coronavirus has had across manufacturing sectors, leading to plummeting demand from the smartphone and hyperscale cloud service providers. The weak demand has had a domino effect throughout the semiconductor industry, with the drop in the prices. 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. The shipment of 5G smartphones this year can fall significantly on account of the collapsing supply chain as well as the crippled demand.
Considering the long-term impact of COVID-19, governments are striving to handle the situation by implementing favorable initiatives as well as policies such as financial packages, lower interest rate and exceptions in tax. Moreover, the telecom sector’s supply chain is highly robust, and the infrastructure companies are prepared to handle the expected shortages in components in the post pandemic era. 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 Challenges
The 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. 5G processor has turned into one of the most integral aspects of modern telecommunication equipment. 5G processor is generally found in laptops, smartphones, modems, routers and base stations. 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 stronger network helps manufacturers create smart factories and benefit from the latest technologies, such as machine learning, artificial intelligence (AI), automation and augmented reality. Thus, IoT can emerge as a prominent trend in the 5G processor market during the appraisal period.
Leading Key Players in 5G Processor Market are:
- Imagination Spreadtrum
- Technologies
- MediaTek
- Intel Corporation
- AMD
- Samsung Electronics Co. Ltd
- Hisilicon (Huawei)
- ARM
- Apple Inc.
- UniSoc Communication
- Nvidia
- Qualcomm
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