Global 5G Modem Market Size By Type (10nm, 14nm), By Application (Smartphone, Wearable), By Region, And Segment Forecasts, 2023 to 2032

The Global 5G Modem Market was valued at USD 7.3 billion in 2023 and is projected to reach USD 27.4 billion by 2031, growing at a robust CAGR of 18.2% during the forecast period (2023–2031). The market growth is driven by the rapid adoption of 5G technology across industries, increased demand for high-speed data connectivity, and advancements in IoT (Internet of Things) devices. 5G modems are crucial for enabling seamless connectivity in applications such as smart cities, autonomous vehicles, and industrial automation, ensuring their pivotal role in the telecommunications ecosystem.

Drivers:

Expanding 5G Infrastructure: Growing investments in 5G networks and rapid deployment of infrastructure in developed and emerging economies are fueling demand for 5G modems.

Proliferation of IoT Devices: The exponential increase in IoT device adoption requires high-speed, low-latency connectivity, enhancing the need for 5G-enabled modems.

Rise in Consumer Electronics: Demand for 5G-compatible smartphones, tablets, and laptops has surged, contributing to the increased uptake of 5G modem technologies.

Restraints:

High Initial Investment: Deployment of 5G infrastructure and the integration of 5G modems into devices involve substantial costs, which can be a challenge for smaller players.

Spectrum Allocation Issues: Limited availability of 5G spectrum and regulatory hurdles in some regions may slow market growth.

Opportunity:

Emerging Markets: Expansion of 5G networks in regions like Asia-Pacific, Latin America, and Africa presents immense growth potential for 5G modem manufacturers.

Innovations in Edge Computing: Integration of 5G modems with edge computing can unlock new applications, particularly in industrial automation and smart cities.

Market by System Type Insights:

The Standalone 5G Modem segment emerged as the largest revenue contributor in 2023, driven by its widespread use in high-performance devices such as routers and laptops. The Integrated 5G Modem segment is expected to witness the fastest growth due to its adoption in compact, power-efficient consumer devices.

Market by End-Use Insights:

Consumer Electronics dominated the market in 2023, accounting for over 45% of the revenue share, attributed to the rising adoption of 5G smartphones and wearable devices.

Industrial IoT Applications are anticipated to register the highest growth rate during the forecast period, supported by the integration of 5G technology into automation and manufacturing processes.

Market by Regional Insights:

North America held the largest market share in 2023, driven by the early adoption of 5G technology, robust telecommunications infrastructure, and high consumer demand.

The Asia-Pacific region is expected to experience the fastest growth, fueled by significant investments in 5G infrastructure by countries like China, Japan, and South Korea.

Competitive Scenario:

Leading players in the Global 5G Modem Market include Qualcomm Technologies, Inc., Intel Corporation, MediaTek Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., and Broadcom Inc. Companies are focusing on technological innovations, strategic partnerships, and geographical expansions to strengthen their market positions. For example:

Qualcomm launched the Snapdragon X75 5G modem in 2023, featuring advanced AI capabilities for enhanced connectivity.

MediaTek expanded its Dimensity 5G chipset portfolio in 2024, targeting mid-range and premium smartphones.

Scope of Work – Global 5G Modem Market

Key Market Developments:

2023: Qualcomm introduced its Snapdragon X75, the world’s first modem-to-antenna solution optimized for 5G Advanced.

2024: Huawei unveiled its Balong 5000 5G modem, designed for high-speed, low-latency industrial IoT applications.

2025: MediaTek partnered with a leading telecom operator to develop cost-effective 5G solutions for emerging markets.

FAQs:

What is the current market size of the Global 5G Modem Market?

The market size was USD 7.3 billion in 2023.

What is the major growth driver of the Global 5G Modem Market?

The primary driver is the expanding deployment of 5G networks and increasing adoption of IoT devices.

Which is the largest region during the forecast period in the Global 5G Modem Market?

North America leads the market in 2023, while Asia-Pacific is expected to grow the fastest.

Which segment accounted for the largest market share in the Global 5G Modem Market?

The Consumer Electronics segment holds the largest market share.

Who are the key market players in the Global 5G Modem Market?

Key players include Qualcomm Technologies, Intel Corporation, MediaTek Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., and Broadcom Inc.