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Multi-Mode Chipset Market Size & Growth Insights: Emerging Trends and Future Projections 2025-2034
Multi-Mode Chipset Market Size
What Is the Projected Growth of the Multi-Mode Chipset Market?
The multi-mode chipset market has expanded rapidly. It is forecasted to grow from $7.05 billion in 2024 to $7.93 billion in 2025 at a CAGR of 12.5%. Factors contributing to growth include booming smartphone markets, increasing use in connected vehicles, growing sales of semiconductor chipsets, and rising demand for adaptable and multi-functional chips.
The multi-mode chipset market is expected to see rapid growth in the coming years, reaching $12.58 billion by 2029 at a CAGR of 12.2%. This growth is driven by the demand for higher data transfer speeds, the increasing need for modern multimode chipsets, the expansion of the internet of things (IoT), investments in 5G networks, and the rising number of smartphones and data traffic. Major trends include developments in digital technologies, data transmission technologies, multi-mode chipset integration, ongoing research and development, and the application of artificial intelligence.
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What Are the Different Multi-Mode Chipset Market Segments?
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, Healare, 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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What Are the Primary Drivers Shaping the Multi-Mode Chipset Market?
The rising number of smartphones is anticipated to drive the growth of the multi-mode chipset market. Smartphones combine the functionality of cell phones and personal digital assistants, offering touchscreens, internet connectivity, and a range of applications. Smartphones have become widely adopted due to widespread internet access and the need for mobile computing. A multi-mode chipset enables seamless connectivity across multiple networks like 4G, 5G, Wi-Fi, and Bluetooth, enhancing performance and user experience. For example, in August 2022, Iron Source projected that the number of smartphone users in Japan would exceed 94% of the population, or 115.5 million users, by 2027. Thus, the increasing number of smartphones is expected to stimulate the growth of the multi-mode chipset market.
Which Companies Are Leading in the Multi-Mode Chipset Market?
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.
What Are the Major Trends Shaping the Multi-Mode Chipset Market?
Major companies in the multi-mode chipset system market are advancing technologies like new LTE chipsets to improve wireless communication. In May 2024, GCT Semiconductor Holding Inc., a US-based semiconductor company, launched a highly integrated multi-mode LTE chipset for the 450 MHz spectrum. This chipset supports robust multi-mode operations and is optimized for a spectrum that was previously underutilized in LTE, enabling broader network coverage and performance.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Multi-Mode Chipset Market?
2. What is the CAGR expected in the Multi-Mode Chipset Market?
3. What Are the Key Innovations Transforming the Multi-Mode Chipset Industry?
4. Which Region Is Leading the Multi-Mode Chipset Market?
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