Press release
Multi-Mode Chipset Market Poised for 12.2 % Growth, Set to Hit $1.69 Billion by 2029
Multi-Mode Chipset
The rise in smartphone use is expected to propel the growth of the multi-mode chipset market. Smartphones combine traditional mobile phone features with those of personal digital assistants, offering touchscreens, internet access, and a variety of apps. The widespread use of smartphones is due to the growing need for connectivity and mobile computing. Multi-mode chipsets in smartphones allow seamless connectivity across multiple networks like 4G, 5G, Wi-Fi, and Bluetooth, improving performance and the user experience. For instance, it is projected that over 94% of Japan's population will be smartphone users by 2027. The growing smartphone adoption will drive the multi-mode chipset market.
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What Is the projected market size and growth rate for the multi-mode chipset market?
The multi-mode chipset market has expanded rapidly, rising from $7.05 billion in 2024 to $7.93 billion in 2025 at a CAGR of 12.5%. Factors contributing to this growth include the rapid development of smartphones, rising demand for connected automobiles, increasing chipset sales to smartphone manufacturers, growing semiconductor usage in automobiles, and higher demand for flexible chipsets.
The multi-mode chipset market is set to grow rapidly, reaching $12.58 billion by 2029, at a CAGR of 12.2%. Market expansion will be driven by the demand for faster data transfer rates, increased IoT applications, rising investments in 5G networks, and growing smartphone usage. Key trends include advancements in digital and data transmission technologies, multi-mode chipset integration, R&D for new products, and AI-powered innovations.
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What new trends are reshaping the multi-mode chipset market and its opportunities?
Companies in the multi-mode chipset system market are focusing on creating new LTE chipsets to enhance wireless connectivity and data transmission. For instance, in May 2024, GCT Semiconductor Holding Inc., a US-based semiconductor company, launched a highly integrated multi-mode LTE chipset designed for the 450 MHz spectrum. This chipset enables seamless multi-mode operation and supports advanced functionalities, expanding network optimization and enhancing wireless communication.
What major market segments define the scope and growth of the multi-mode chipset market?
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
Subsegments:
1) By Integrated Chipset: Single-Chip Solution, Multi-Chip Module (MCM)
2) By Non-Integrated Chipset: Discrete Chipset, Modular Chipset
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Which regions are key players in the growth of the multi-mode chipset market?
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.
Which key market leaders are driving the multi-mode chipset industry growth?
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.
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What Is Covered In The Multi-Mode Chipset Global Market Report?
•Market Size Forecast: Examine the multi-mode chipset market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the multi-mode chipset market for a structured understanding.
•Key Players Overview: Analyze major players in the multi-mode chipset market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the multi-mode chipset market.
•Segment Contributions: Evaluate how different segments drive overall growth in the multi-mode chipset market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the multi-mode chipset market.
•Industry Challenges: Identify potential risks and obstacles affecting the multi-mode chipset market.
•Competitive Landscape: Review strategic developments in the multi-mode chipset market, including expansions, agreements, and new product launches.
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