Press release
Mobile Phone Chips Market Increasing Demand, Growth Analysis and Future Outlook by 2031
The global mobile phone chips market is anticipated to grow at a significant CAGR of 13.9% during the forecast period (2024-2031). The ever-increasing demand for more powerful and feature-rich smartphones is a primary driver, as these devices require advanced processors, graphics processing units, and memory solutions to handle complex tasks like multimedia content creation, high-resolution gaming, and artificial intelligence applications. Additionally, the proliferation of 5G network technology necessitates mobile phone chips capable of handling the higher data speeds and bandwidth associated with this next-generation connectivity. Furthermore, the growing popularity of mobile payments and internet-of-things (IoT) devices further incentivizes the development of more sophisticated and secure mobile phone chips to facilitate these functionalities. These factors, coupled with the continuous evolution of chip design and manufacturing processes, are propelling the global mobile phone chip market toward significant expansion. Recent advancement in chipset technology is further aiding to the market growth.
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For instance, in March 2024,The Snapdragon 8s Gen 3 mobile platform chipset, designed for smartphones with an emphasis on executing on-device AI models, was unveiled by Qualcomm on March 18. Located directly beneath its flagship Snapdragon 8 Gen 3 processor, the new mobile platform offers lossless high-definition music, hyper-realistic mobile gaming, an always-sensing ISP, and on-device generative AI features. According to Qualcomm, a wide range of AI models are supported by the platform, including well-known large language models (LLM) like Baichuan-7B, Llama 2, and Gemini Nano.
Fuether, in September 2023, Huawei Technologies and SMICdeveloped a cutting-edge 7-nanometer processor to power their newest smartphone. Huawei's Mate 60 Pro is powered by a new Kirin 9000s chip that was manufactured in China by Semiconductor Manufacturing International Corp (SMIC). The specifications mentioned that it could make satellite calls, but they gave no details about the chipset's power.
Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
o By Type
o By Application
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- includes Apple Inc.,Intel Corp, NVIDIA Corp, Samsung Electronics Co., Ltd and Taiwan Semiconductor Manufacturing Co Ltd and Google LLC (Alphabet Inc Class C) among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?
Global Mobile phone Chips Market Report Segment
By Type
Analog and Digital Conversion Chips
Microprocessor Chips
ROM and Flash Memory Chips
PCMOS Chip
NFC Chips
By Application
Smartphone
Traditional Phones
A full report of Mobile Phone Chips Market available @ https://www.omrglobal.com/industry-reports/mobile-phone-chips-market
Company Profiles
Broadcom Inc.
HiSilicon (Huawei Technologies Co., Ltd
Infineon Technologies AG
Marvell Technology Inc
MediaTek Inc.
Qorvo Inc.
Qualcomm Inc
Rockchip Electronics Co Ltd
Telefonaktiebolaget LM Ericsson Class B
Texas Instruments Inc
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/
https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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