Multi-mode Chipset Market

Global Multi-mode Chipset Market Outlook

The multi-mode chipset markets share is predicted to grow at an impressive CAGR of 12.4% during the forecasted period. The global multi-mode chipset market is estimated to be worth around US$ 26.3 Billion by 2032, rising up from a net worth of US$ 7.3 Billion in 2021.

Attributes	Details
Multi-mode Chipset Market Size (2021)	US$ 7.3 Billion
Multi-mode Chipset Market Value (2022)	US$ 8.2 Billion
Multi-mode Chipset Market Value (2032)	US$ 26.3 Billion
Multi-mode Chipset Market Growth Rate (2022-2032)	12.4%
Market Share of Top 5 Countries	68%
Multi-mode Chipset Market Key Players	Hisilicone Technologies Intel Corporation Qualcomm Technologies Inc. Samsung Group Media Tek Spreadtrum communications Marvell Technology Group Altair Semiconductor Inc. Broadcom Corporation GCT Semiconductor Inc.

“The ever-increasing requirement for high-speed internet connectivity among general people with smart gadgets has led to the inclusion of multi-mode chipsets in 5G devices, consequently driving the demand for multi-mode chipsets in the international market.”

Multi-mode chipsets have emerged as a step forward in the domain of chipset technology. Companies around the world can now fulfil the growing demand for next-generation wireless applications thanks to the unique design specifications achieved by multi-mode chipset market players.

With the advent of 5G multi-mode chipset designs, a number of cutting edge technologies such as smart home devices, self-driving vehicle gadgets, cloud computing services, and next generation computing have been introduced in the market. Proliferation in use of such technologies in our daily lives is expected to accelerate the sales of multi-mode chipsets in the coming years.

What is the Covid-19 Impact on Global Multi-mode Chipset Market?

After the outbreak of the Covid-19 pandemic in the year 2020, all the governments of the world and major industries were perplexed by the fast increasing caseloads around the world. In the initial months, constraints put out on mobility of logistics and economic activities had a cascading effect on the digital market, including the telecom base industries. The impact of the Covid-19 pandemic on the multi-mode chipset market trends can be analysed from the fact that its year-on-on growth rate has dropped down from 13% of the previous years as per the prediction.

Since then, several mitigation measures have been placed to curb the menace of Coronavirus infection, and the global market today has been relieved from the economic constraints. With the huge gap created in the development of cyberspace during the pandemic years, multi-mode chipset market analysis promises a greater contribution of telecom base multi-mode chipset components in reviving the 5G enabled digital sector.

What is the Future of the Global Multi-mode Chipset Market?

“The increasing installation of LTE networks around the world and the growing popularity of communication devices that support 5G NR with integrated gigabyte LTE are positively contributing to the worldwide multi-mode chipset market growth.”

What are the Driving Factors for the Global Multi-mode Chipset Market in the Forecast Years?

The multi-mode chipset market share is being driven by high-speed internet adoption, the rising need for functional hardware in mobile handsets and wearables, and certainly the popularity of multimedia chipsets for the gaming industry. IPTVs equipped with set-top-boxes are also contributing immensely to the sales of multi-mode chipset that is still quite popular in different parts of the world.

Over the last few years, 5G network architecture has made immense progress by opening up the path for advancements in wireless communication technology. Nations leading the initial introduction of commercial 5G technology deployments have prioritised the funding and development of multi-mode integrated chipset, making it a popular choice among market participants.

The multifaceted efforts to reveal the 5G SoC designs for cellphones and other smart communication devices has resulted in higher demand for multi-mode chipset in the present market. These designs are also expected to include the facilities of artificial intelligence (AI) technologies and broaden the multi-mode chipset market advancements in the upcoming years.

What are the Major Challenges Experienced by the Multi-mode Chipset Market Players?

The higher cost of advanced or 5G enabled electronic gadgets is anticipated to have some restraining effects on the multi-mode chipset market key trends and opportunities. Moreover, unawareness among the general mass of lower-income group countries about the several benefits of this product against the traditional network systems is expected to delay the efforts of multi-mode chipset market players to penetrate the regional markets.

Growing concerns over data privacy issues and online fraud incidences have also halted the acceptance of modern developments in digital technologies and associated devices. This situation poses a major challenge to be curbed for the greater benefit of hardware and software companies, including the multi-modal chipset manufacturers involved.

Comparative View of Adjacent Multi-mode Chipset Market

Attributes	Multi-mode Chipset Market	5G Chipset Market	Wi-Fi Chipset Market
CAGR (2022-2032)	12.4%	30%	11.5%
Market Value (2027)	US$ 14.7 Billion	US$ 3.38 Billion	US$ 8.75 Billion
Growth Factor	Need for high speed internet services with capable devices to handle it.	Advancement in data communication technology and 5G compatible devices.	Digitization of workspace in industries and homes have surged the demand.
Opportunity	Adoption of 5G enabled technologies and hardware among the general mass.	Establishment of robust 5G connectivity network across the developing countries.	Government investment for providing free data services in public spaces to create huge opportunities.
Key Trends	Emergence of new market players particularly in Asia Pacific nations.	Growing level of digital literacy and knowledge among the consumers.	Reducing data price owing to the establishment of improved connectivity infrastructure.

In recent years, there has been an increase in the desire to experience modernistic multimedia and visual experiences in virtual reality space or augmented reality applications. Leading-edge electronic gadgets and devices are increasingly adopting multi-mode chipset components to get capable of supporting such services, downright influencing the global multi-mode market key trends and opportunities.

Also, with the advent of the internet of things (IoT) technology for several end-use purposes, many market players in the electronics or hardware manufacturing field have constantly been investing in coming up with innovative industrial automation smart devices.

Rolling out essential modules and chipsets that can meet its demand for high-speed network connectivity has created immense opportunities for the multi-mode chipset market share in the global market.

In comparison to single-protocol standalone chipsets, many smart gadget manufacturing and marketing companies particularly demand for multi-mode chipsets in higher amount as it accomplishes the transfer of information at a low-data rate and consequently less power consumption.

What is the Future Prediction for the Multi-mode Chipset Market According to Different Segments?

“As per the emerging trend in multi-mode chipset market, all the top performing economies are expected to fuel the global wearable devices segment at a growth rate of over 10%. These regional markets have a combined market value of US$ 4.8 Billion in the present year 2022 that is projected to become approximately US$ 17.8 Billion by the end of this forecast period in 2032.”

Which are the Major Application Segments of the Multi-mode Chipset Market?

On account of growing utility of smartphones around the world, the smartphone segment is expected to dominate the global multi-mode chipset market over the forecast timeframe. A number of technological breakthroughs pertaining to high speed data networks and the introduction of higher generation electromagnetic frequency spectrums are expected to influence the multi-mode chipset market trends in the future.

Over the forecast years of 2022 to 2032 the smartphone segment is expected to grow at the fastest rate by witnessing a CAGR of 12.6% as per the multi-mode chipset market statistics. Almost 54% of the total global revenue generated by the multi-mode chipset manufacturers is incurred from its sale to the smartphone manufacturing companies. The net worth of this segment is anticipated to reach nearly US$ 14.4 Billion by the end of year 2032.

However, due to the increasing popularity of wearable devices or gadgets among the younger generation this segment of application is expected to provide a significant push to the multi-mode chipset adoption trends in the coming years.

Tablets and other smart screen gadgets constituting the remaining segment of the multi-mode chipset market size have also supplemented the sales of multi-mode chipset owing to the higher demand for quality network services by the users on these devices.

What are the Opportunities for the Multi-mode Chipset Market in Different Geographical Regions?

Region	CAGR (2022 to 2032)
United States (US)	14.1%
United Kingdom (UK)	11.7%
China	14.7%
Japan	14.6%
India	14.6%

With the rising popularity of smartphones and the growing acceptance of modern technologies in the Asia Pacific countries of China, India, South Korea, and Japan, this geographic region has been noticed to record some groundbreaking opportunities for the multi-mode chipset adoption trends.

China ranks at the top position in the number of smartphone users and has the largest IPTV subscriber base making it the crucial region for multi-mode chipset market share. It is predicted to be worth around US$ 3.75 Billion by the end of the year 2032.

India and Japan have also surfaced to be very lucrative regions for the multi-mode chipset market growth owing to the booming information technology and communication (ICT) sector in the region.

Asia Pacific region is predicted to take the leading position in the global multi-mode chipset market, followed by North America. The North American market’s dominant position can be attributed to constant innovation in this field to introduce sophisticated technologies.

LTE and 5G networks have paced the connectivity speed and fulfilled the consistently expanding customer demand favouring the multi-mode chipset market trends and forecast in the region.

According to the present value of the regional multi-mode chipset market demand analysis, the United States (US) is approximated to be contributing nearly 21.5% of the total revenue generated globally. The net worth of the US multi-mode chipset market share currently stands at US$ 1.75 Billion, which can reach a valuation of up to US$ 6.5 Billion during the end of this forecast period predicted by the multi-mode market survey report.

How Strong is the Competitive Landscape for the Multi-mode Chipset Market?

Integrated chip manufacturers, predictably have been preparing for the modern age technologies with a slew of new chipsets and motherboards over the last few years. 5G technology promises to completely link the market to smartphones of citizens living in any part of the world. According to the new market research report on multi-mode chipset, accelerating 5G adoption will necessitate a robust strategy to be followed by devise and chipset manufacturing companies.

What are the Recent Developments in the Field of Multi-mode Chipset Market?

• Qualcomm Technologies unveiled its next-generation modem in December 2018, which is specifically designed for IoT applications like security systems, asset trackers, smart city sensors, health monitors along with a variety of wearable devices. When compared to its predecessor, this multi-mode chipset modem is very cost effective resulting in 70% less battery consumption.
• In August 2018, Qualcomm informed about introducing its future flagship smartphone platform, which will have a system-on-chip (SoC) based on 7nm processing node type. It is regarded as the first of its kind 5G capable mobile platform for cellphones and other mobile devices that can be used with the 7nm SoC.

Key Segments

• By Application :

  • Smartphones
  • Tablets
  • Wearable Device
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)