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The 5G chipsets market is expected to grow at a CAGR of 52.7% from 2020 to 2027 to reach $23.5 billion by 2027.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. Factors such as the growing demand for high-speed data services, rapidly developing smartphone technology, and the proliferation of IoT & connected devices are driving the growth of this market. However, the high cost of equipment, the fragmented spectrum harmonization model, and rising cybersecurity concerns hinder the growth of this market.