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Multi-Mode Chipset Market Growth Analysis, Trends, Share, Market Size And Forecast To 2033
Multi-Mode Chipset Market
As per the report, 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 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%.
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Smartphone Expansion Fuels Growth In Multi-Mode Chipset Market
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.
Innovative LTE Chipsets Transforming The Market
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Multi-Mode Chipset Market Report Structure
3. Multi-Mode Chipset Market Trends And Strategies
4. Multi-Mode Chipset Market - Macro Economic Scenario
5. Multi-Mode Chipset Market Size And Growth
…..
27. Multi-Mode Chipset Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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