Overview and Scope
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.
Sizing and Forecast
The multi-mode chipset market size has grown rapidly in recent years. It will grow from $6.29 billion in 2023 to $7.05 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. 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 $11.22 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market 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.
Key Industry Players
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.
The multi-mode chipset market report table of contents includes:
1. Executive Summary
2. Multi-Mode Chipset Market Characteristics
3. Multi-Mode Chipset Market Trends And Strategies
4. Multi-Mode Chipset Market – Macro Economic Scenario
5. Global Multi-Mode Chipset Market Size and Growth
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32. Global Multi-Mode Chipset Market Competitive Benchmarking
33. Global Multi-Mode Chipset Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Multi-Mode Chipset Market
35. Multi-Mode Chipset Market Future Outlook and Potential Analysis
36. Appendix
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