Pune, April 18, 2023 (GLOBE NEWSWIRE) -- The report published by Maximize Market Research on “5G Modems Market” size was valued at USD 1.25 Billion in 2022 and the total 5G Modems Market is expected to grow at a CAGR of 33.12 percent from 2023 to 2029, reaching USD 12.33 Billion. Maximize Market Research is a global information technology and telecommunication market research and consultancy firm. The published report contains a thorough analysis of the industry with an in-depth regional and segment-wise analysis and a competitive landscape of the 5G Modems Market.

Market Size in 2022USD 1.25 Bn.
Market Size in 2029USD 12.33 Bn.
CAGR33.12 percent (2023-2029)
Forecast Period2023-2029
Base Year2022
Number of Pages272
No. of Tables118
No. of Charts and Figures110
Segment CoveredModem Type, Mode, Application
Regional ScopeNorth America, Europe, Asia Pacific, Middle East and Africa, South America
Report CoverageMarket Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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The 5G Modems market is driven by key factors are covered in MMR report, including:

Asia-Pacific Market Is Expected to Witness a CAGR of 35 percent During the Forecast Period

The Asia Pacific 5G modem market is expected to witness significant growth in the coming years, driven by the increasing adoption of 5G technology across various applications such as mobile and tablets, wearable, automotive, virtual reality, and others. Several governments in the Asia Pacific region have launched initiatives to promote the deployment of 5G technology and expand the market for 5G modems. For instance, the Chinese government has launched the "Made in China 2025" initiative, which aims to promote the development of 5G technology and other advanced technologies in the country. Some of the major players operating in the Asia Pacific 5G modem market include Qualcomm, Samsung Electronics, MediaTek, Intel, and Huawei Technologies.

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5G Modems Market Segmentation:

By Modem Type

Internal/Integrated Modems: These are modems that are built into a device, such as a smartphone or laptop. They are designed to be compact and energy-efficient, and they don't require a separate power source. Integrated modems are typically more expensive than external modems, but they offer greater convenience and ease of use.

External Modems: These are modems that are separate devices that can be connected to a device to provide 5G connectivity. External modems are usually larger and require a separate power source, but they are less expensive than integrated modems. They are often used in situations where an integrated modem is not available or is not sufficient, such as in a remote location with poor connectivity.

By Mode

By Application

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5G Modems Market Competitive Analysis:

The 5G modems market is highly competitive and rapidly evolving, with several key players vying for market share. Here are some key strategies that major players in the market are adopting:

5G Modems Market Key Competitors include:

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Key questions answered in the 5G Modems Market report are:

Key Offerings:

Maximize Market Research a leading Information Technology and Telecommunication research firm, has also published the following reports:

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5G Base Station Market- The market size is expected to reach USD 140.61 Bn by 2029, at a CAGR of 37.2 percent during the forecast period. The recent adoption of revolutionary technology such as advanced antenna systems (AAS) has made large-scale deployments of 5G mobile networks viable.

5G Connections Market- The market size was valued at USD 68.59 Bn. in 2021 and the total revenue is expected to grow at 29.42 percent through 2022 to 2029, reaching USD 539.86 Bn. The rise of Internet of Things (IoT) and growing use of automation is expected to drive the market growth.

5G Market in Aviation- The market size is expected to reach USD 14.67 Bn. by 2029 from USD 0.53 Bn. in 2021, at a CAGR of 51.4 percent during the forecast period. The adoption of IoT in the aviation industry is gradually becoming a component of the global digitalization trend, and the network operating IoT in such facilities requires a high-speed communication network.

5G Core Market- reached a value of USD 0.92 Bn. in 2021. Global 5G Core Market size is estimated to grow at a CAGR of 46.79 percent The market is expected to reach a value of USD 20 Bn. in 2029. 5G security will become increasingly important as 5G services spread throughout the bulk of the world's economies in the coming years

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.