Multi-Mode Chipset Market Is Predicted To Reach A Value Of US$ 26.3 Billion By 2032

The multi-mode chipset market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 12.4% during the forecasted period. By 2032, the global market for multi-mode chipsets is expected to reach a valuation of approximately US$ 26.3 billion, marking a significant increase from its 2021 value of US$ 7.3 billion.

Multi-mode chipsets represent a significant advancement in chipset technology, enabling companies worldwide to meet the increasing demand for next-generation wireless applications. The unique design specifications achieved by players in the multi-mode chipset market are facilitating the development of innovative wireless solutions.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7319

The introduction of 5G multi-mode chipset designs has paved the way for the implementation of cutting-edge technologies across various sectors. Industries such as smart home devices, self-driving vehicle gadgets, cloud computing services, and next-generation computing are benefiting from the enhanced capabilities offered by these chipsets. The proliferation of such technologies in everyday life is expected to drive the sales of multi-mode chipsets in the foreseeable future.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of 5G Technology: The widespread adoption of 5G technology is driving growth in the multi-mode chipset market. As 5G networks continue to expand globally, there is an increasing demand for multi-mode chipsets capable of supporting multiple wireless technologies, including 5G, LTE, and earlier generations, to ensure seamless connectivity and performance.

Integration of IoT Devices: The proliferation of Internet of Things (IoT) devices across various industries is fueling demand for multi-mode chipsets with enhanced connectivity and power efficiency. These chipsets enable IoT devices to connect to multiple networks and support diverse communication protocols, driving market growth as IoT deployment continues to grow.

Expansion of Smart Home Ecosystem: The growing popularity of smart home devices and systems is driving the demand for multi-mode chipsets with capabilities to support various wireless standards, such as Wi-Fi, Bluetooth, Zigbee, and others. Multi-mode chipsets enable seamless connectivity and interoperability among different smart home devices, contributing to market growth.

Automotive Connectivity Solutions: The automotive industry is increasingly adopting multi-mode chipsets to support advanced connectivity features in vehicles, including telematics, infotainment systems, and advanced driver-assistance systems (ADAS). As vehicles become more connected and autonomous, the demand for multi-mode chipsets with robust wireless capabilities is expected to rise.

Emergence of Edge Computing: The rise of edge computing architectures, which process data closer to the source of generation, requires multi-mode chipsets with enhanced processing capabilities and connectivity options. Multi-mode chipsets enable edge devices to connect to multiple networks and leverage diverse communication technologies, driving their adoption in edge computing applications.

Demand for Energy-Efficient Solutions: With the increasing focus on energy efficiency and sustainability, there is a growing demand for multi-mode chipsets that offer low power consumption without compromising performance. Chipset manufacturers are developing energy-efficient solutions to address this demand, driving market growth in sectors such as wearable devices, smart meters, and industrial IoT applications.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Hisilicone Technologies
• Intel Corporation
• Qualcomm Technologies Inc.
• Samsung Group
• Media Tek
• Spreadtrum communications
• Marvell Technology Group
• Altair Semiconductor Inc.
• Broadcom Corporation
• GCT Semiconductor Inc.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

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.

• 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 :
o Smartphones
o Tablets
o Wearable Device
o Others

• By Region :
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East and Africa (MEA)

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/multi-mode-chipset-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

5G Services Market: https://www.factmr.com/report/5g-services-market

5G Industrial IoT Market: https://www.factmr.com/report/5g-industrial-iot-market

Deep Learning Chipset Market: https://www.factmr.com/report/deep-learning-chipset-market

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