How Has the Multi-Mode Chipset Market Size Evolved in Recent Years?
The multi-mode chipset market has seen considerable growth due to a variety of factors.
• The multi-mode chipset market has grown rapidly in recent years. It will increase from $7.05 billion in 2024 to $7.93 billion in 2025 at a CAGR of 12.5%.
This growth is linked to the rise of smartphones, the popularity of connected cars, the growing sales of chipsets in smartphones, greater demand for semiconductor components in cars, and increased demand for flexible chipsets.
What Are The Predictions for The Multi-Mode Chipset Market in the Coming Years?
The multi-mode chipset market is expected to maintain its strong growth trajectory in upcoming years.
• The multi-mode chipset market is projected to grow to $12.58 billion by 2029, at a CAGR of 12.2%.
The growth is driven by higher data transfer demands, IoT adoption, 5G investments, increased smartphone usage, and rising data traffic. Key trends include advancements in digital and transmission technologies, AI integration, and new product development.
Which Drivers Are Accelerating Growth In The Multi-Mode Chipset Market?
The rising number of smartphones is predicted to boost the multi-mode chipset market. Smartphones, which combine mobile phone features with advanced digital assistants, are becoming increasingly popular due to widespread internet access and the need for connectivity. Multi-mode chipsets allow smartphones to connect seamlessly to various network types such as 4G, 5G, Wi-Fi, and Bluetooth. A 2022 report forecasted that by 2027, over 94% of Japan's population would own smartphones.
What Are The Core Segments Of The Global Multi-Mode Chipset Market?
The multi-mode chipset market covered in this report is segmented –
1) By Type: Integrated Chipset, Non-Integrated Chipset
2) By Device: Smartphones, Tablets, Wearable Devices, Internet Of Things
3) By Communication: Second-Generation, Third Generation, Fourth Generation, Fifth Generation
4) By Application: Consumer Electronics Automotive, Healthcare, Industrial, Other Applications
Subsegments:
1) By Integrated Chipset: Single-Chip Solution, Multi-Chip Module (MCM)
2) By Non-Integrated Chipset: Discrete Chipset, Modular Chipset
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What Emerging Trends Are Influencing The Growth Of The Multi-Mode Chipset Market?
Leading firms in the multi-mode chipset system market are channeling their efforts towards the creation of groundbreaking tech advancements like fresh LTE chipsets, in order to cement their dominance in the market. This fresh breed of LTE chipsets are altered versions of Long-Term Evolution (LTE) technology, purposed for amplifying wireless connectivity and data transmission abilities in mobile gadgets. As an example, GCT Semiconductor Holding Inc., an American semiconductor enterprise, unveiled a highly integrated multi-mode LTE chipset in May 2024 designed for the 450 MHz spectrum. This novel chipset ushers in an unprecedented phase in wireless communication by amalgamating advanced functions with complete backing for a spectrum hitherto untapped in LTE technology. It excels in its flawless integration which enables multi-mode operation, and potent performance, paving way for enhancing and fine-tuning networks.
Who Are the Key Players In The Multi-Mode Chipset Market?
Major companies operating in the multi-mode chipset market are:
• Samsung Electronics Co. Ltd.
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Qualcomm Technologies Inc.
• Broadcom Corporation
• Fujitsu Limited
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• MediaTek Inc.
• STMicroelectronics N.V.
• Infineon Technologies AG
• NXP Semiconductors N.V.
• Analog Devices Inc.
• Renesas Electronics Corporation
• Marvell Technology Group Ltd.
• Skyworks Solutions Inc.
• Texas Instruments Incorporated
• Qorvo Inc.
• Maxim Integrated Products Inc.
• Integrated Device Technology Inc.
• Sierra Wireless Inc.
• Spreadtrum Communications (Shanghai) Co. Ltd.
• Rockchip Electronics Co. Ltd.
• GCT Semiconductor Inc.
What Are The Regional Insights Into The Multi-Mode Chipset Market?
North America was the largest region in the multi-mode chipset market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-mode chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
