PUBLISHER: The Business Research Company | PRODUCT CODE: 1527072
PUBLISHER: The Business Research Company | PRODUCT CODE: 1527072
Multi-mode chipsets represent integrated circuits specifically designed to support a range of wireless protocols, enabling smooth connectivity across different network generations. These chipsets are engineered to optimize device performance by seamlessly transitioning between diverse network technologies, thereby enhancing flexibility and functionality.
The primary categories within the multi-mode chipset market are integrated chipset and non-integrated chipset. Integrated chipsets consolidate multiple functions or components into a single chip, streamlining the design and manufacturing processes of electronic devices. These devices encompass smartphones, tablets, wearable devices, and Internet of Things (IoT) gadgets utilized in various communication standards such as second, third, fourth, and fifth generations, spanning applications in consumer electronics, automotive, healthcare, industrial sectors, among others.
The multi-mode chipset market research report is one of a series of new reports from The Business Research Company that provides multi-mode chipset market statistics, including multi-mode chipset industry global market size, regional shares, competitors with a multi-mode chipset market share, detailed multi-mode chipset market segments, market trends, and opportunities, and any further data you may need to thrive in the multi-mode chipset industry. This multi-mode chipset research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 expansion during the historical period is owing to the rapid advancements in smartphone technology, the rising popularity of connected vehicles, heightened sales of chipsets for smartphones, escalating demand for semiconductor components in automobiles, and the surging need 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 anticipated growth in the forecast period is driven by the increasing need for higher data transfer speeds, growing demand for modern multimode chipsets, rising interest in the Internet of Things, heightened investments in 5G networks, expanding smartphone market, increasing data usage, and the necessity for more efficient networks. Prominent trends in the forecast period encompass advancements in digital and data transmission technologies, the integration of multi-mode chipsets, ongoing research and development initiatives for new products, and the adoption of artificial intelligence technologies.
The escalating prevalence of smartphones is poised to drive the growth of the multi-mode chipset market in the foreseeable future. Smartphones, advanced mobile devices amalgamating traditional cell phone functionalities with personal digital assistant features, offer touchscreens, internet connectivity, and a plethora of applications. Their widespread adoption is fueled by ubiquitous internet access and the increasing demand for connectivity and mobile computing in everyday life. Multi-mode chipsets in smartphones facilitate seamless connectivity across diverse network types and standards such as 4G, 5G, Wi-Fi, and Bluetooth, thereby enhancing overall performance and user experience. For example, in August 2022, according to Iron Source, a software company based in Israel, smartphone user projections for Japan indicate a potential reach of over 94% of the population, translating to 115.5 million users by 2027. Hence, the rising number of smartphones is a key driver for the multi-mode chipset market.
Leading companies in the multi-mode chipset market are concentrating on innovating technologies, including novel LTE chipsets, to fortify their market presence. These LTE chipsets represent the latest advancements in Long-Term Evolution (LTE) technology, aimed at bolstering wireless connectivity and data transmission capabilities on mobile devices. For instance, in May 2024, GCT Semiconductor Holding Inc., a semiconductor company based in the US, unveiled the first highly integrated multi-mode LTE chipset tailored for the 450 MHz spectrum. This groundbreaking chipset ushers in a new era in wireless communication, offering advanced functionalities alongside comprehensive support for a spectrum previously underutilized in LTE technology. Its seamless integration facilitates multi-mode operation and robust performance, paving the way for network expansion and optimization.
In December 2021, Synaptics Incorporated, a US-based hardware company, acquired DSP Group for $549 million. This strategic acquisition positions Synaptics to expand its portfolio and strengthen its foothold in the technology sector by augmenting its capabilities in voice and audio processing, wireless communication, and connectivity solutions. DSP Group, a US-based technology company specializing in chipsets for voice processing and wireless communications, aligns well with Synaptics' growth objectives.
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.
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.
The countries covered in the multi-mode chipset market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The multi-mode chipsets market consists of sales of wearable device chipsets, embedded system chipsets, router and gateway chipsets, satellite communication chipsets, and healthcare device chipsets. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Multi-Mode Chipset Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on multi-mode chipset market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for multi-mode chipset ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The multi-mode chipset market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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