How has the multi-mode chipset market evolved, and where is it heading next?
The multi-mode chipset market size has grown rapidly in recent years. It will grow from $7.05 billion in 2024 to $7.93 billion in 2025 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to rapid growth in the developments of smartphones, the growing popularity of connected automobiles, increased sales of chipsets to smartphones, growing demand for semiconductor components in automobiles, and increasing demand for flexible chipsets.
The multi-mode chipset market size is expected to see rapid growth in the next few years. It will grow to $12.58 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to rising demand for higher data transfer rates, increased demand for modern multimode chipsets, increasing demand for the internet of things, increasing investments in 5G Networks, increasing number of smartphones and rising data traffic and need for efficient networks. Major trends in the forecast period include developments in digital technologies, data transmission technologies, integration of multi-mode chipsets, research and development of new products, and artificial intelligence technologies.
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What have been the primary factors driving the multi-mode chipset market’s growth?
The increasing number of smartphones is expected to propel the growth of the multi-mode chipset market going forward. Smartphones are advanced mobile devices that combine the functionality of traditional cell phones with the features of personal digital assistants, offering touchscreens, internet connectivity, and a wide range of applications. Smartphones are being widely adopted due to widespread internet access and the growing need for connectivity and mobile computing in daily life. A multi-mode chipset in smartphones enables seamless connectivity across multiple network types and standards, such as 4G, 5G, Wi-Fi, and Bluetooth, enhancing overall performance and the user experience. For instance, in August 2022, according to Iron Source, an Israel-based software company, the number of smartphone users in Japan is projected to reach over 94% of the population, or 115.5 million users, by 2027. Therefore, the increasing number of smartphones is driving the growth of the multi-mode chipset market.
What are the key segments within the 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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Which key players are shaping 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.
How will emerging trends drive the multi-mode chipset market throughout the forecast period?
Major companies operating in the multi-mode chipset system market are focusing on developing innovative technologies, such as new LTE chipsets, to strengthen their position in the market. New LTE chipsets are the latest iterations of Long-Term Evolution (LTE) technology, designed to enhance wireless connectivity and data transmission capabilities on mobile devices. For instance, in May 2024, GCT Semiconductor Holding Inc., a US-based semiconductor company, introduced the first highly integrated multi-mode LTE chipset for the 450 MHz spectrum. This innovative chipset heralds a new era in wireless communication by combining advanced functionalities with comprehensive support for a spectrum previously underutilized in LTE technology. It stands out for its seamless integration, allowing for multi-mode operation, and robust performance, which opens up opportunities for expanding and optimizing networks.
How do regional factors impact the multi-mode chipset market, and which region is the largest contributor?
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.
What Does The Multi-Mode Chipset Market Report 2025 Offer?
The multi-mode chipset market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Multi-mode chipsets are integrated circuits engineered to accommodate diverse wireless protocols, facilitating smooth connectivity across various network generations. These chipsets optimize device performance by seamlessly transitioning between different network technologies, ensuring enhanced flexibility and functionality.
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