Growing Demand for 5G and Semiconductor Chip Packaging Markets

The global 5G chipset market is projected to experience significant growth driven by the demand for connectivity in various industries. Major manufacturers include Qualcomm, Samsung, Intel, MediaTek, and Huawei. The telecom and consumer electronics segment is expected to see significant growth, with Asia-Pacific holding the highest revenue share. The global semiconductor chip packaging market is projected to grow by $489.22 billion during 2022-2027, driven by factors such as growing investments in lower technology nodes and increasing integration of ICs in automobiles.