5G Millimeter Wave Radio Frequency Chip Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 5.6 Billion by 2033, exhibiting a CAGR of 18.4% from 2026 to 2033.
The South Korea 5G Millimeter Wave Radio Frequency Chip Market is experiencing rapid growth, driven by the country's ambitious plans to lead the global 5G rollout. With increasing demand for faster, more reliable wireless communication, the need for advanced radio frequency chips has surged. These chips are pivotal in enabling the high-speed, low-latency characteristics that define 5G networks. In South Korea, the market for these chips is evolving, shaped by industry requirements ranging from telecommunications to automotive and consumer electronics.
South Korea, a leader in 5G technology adoption, has set high expectations for the deployment of millimeter-wave spectrum for 5G services. As the country is among the first to implement the millimeter-wave 5G technology, it faces specific challenges that drive innovation in the RF chip market. The millimeter-wave spectrum, typically operating in higher frequencies (24 GHz to 100 GHz), presents unique engineering challenges, including signal attenuation and interference. The 5G Millimeter Wave Radio Frequency Chip Market thus demands chips capable of handling these issues while providing high data throughput.
Industries such as telecommunications, automotive, and consumer electronics are key drivers of demand. Telecommunications companies require advanced chips that can support the high data transfer rates and reliability expected from 5G networks. Automotive manufacturers are increasingly integrating 5G capabilities into autonomous vehicles, demanding low-latency, high-frequency solutions. In consumer electronics, particularly in devices like smartphones and wearables, the push for 5G connectivity has fueled the need for compact and efficient RF chips.
The South Korean government’s initiatives, including funding for research and development in 5G technologies, have further stimulated the demand for high-performance radio frequency chips. Companies operating in the South Korea 5G Millimeter Wave Radio Frequency Chip Market are focusing on innovations that address both technical and economic requirements. The chips must not only be capable of supporting the next-gen wireless standards but also be cost-effective for mass deployment.
As South Korea continues to lead the charge in 5G, the demand for specialized radio frequency chips is expected to grow exponentially. This trend highlights the critical role of these components in the future of communication technology, not just in South Korea, but globally.
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China Aerospace Science & Industry Corporation(CASIC)
Analog Devices
Zhejiang Chengchang Technology Co.
Ltd.
Qualcomm
Jelicomm
Unisoc
Keysight Technologies
Huizhou Speed Wireless Technology Co.
Ltd.
Guobo Electronics Co.
Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea 5G Millimeter Wave Radio Frequency Chip Market
Transmitter Chips
Receiver Chips
Power Amplifiers
Antennas
Filters
Modulators
24 GHz - 28 GHz
37 GHz - 43 GHz
57 GHz - 64 GHz
64 GHz - 71 GHz
Telecommunications
Automotive
Consumer Electronics
Healthcare
Smart Cities
Military and Defense
Massive MIMO
Beamforming Technology
Network Slicing
Cloud RAN
V-RAN
Telecommunications
Media and Entertainment
Smart Manufacturing
Retail
Logistics and Transportation
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea 5G Millimeter Wave Radio Frequency Chip Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea 5G Millimeter Wave Radio Frequency Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea 5G Millimeter Wave Radio Frequency Chip Market, By Type
6. South Korea 5G Millimeter Wave Radio Frequency Chip Market, By Application
7. South Korea 5G Millimeter Wave Radio Frequency Chip Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea 5G Millimeter Wave Radio Frequency Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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