Multi-Mode Chipset Market
Multi-Mode Chipset Market (Application - Smartphones, Tablets, Wearable Devices) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Press Release :
Multi-Mode Chipset Market - Snapshot
According to a new market report published by Transparency Market Research entitled “Multi-Mode Chipset Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,”the global multi-mode chipset market is projected to expand at a CAGR of 11.2% during the forecast period 2018-2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors.
Increasing deployment of LTE networks, rapid technological advancement in the field of cellular connectivity, and growing popularity of devices that support 5G NR with integrated gigabit LTEhas increased the penetration and growth of the multi-mode chipset market globally.
Smartphones Segment to Remain Most Lucrative
Smartphones segment is expected to continue to be the leading segment globally during the forecast period due to rising popularity of smartphones. Smartphones segment is projected to expand at the highest CAGR of 11.6% over the forecast period from 2018 to 2026due to the various technological advancements such as high speed data networks, and emergence of 5G which arefurther shaping the communications on mobiles. Earlier, mobile phones supported either voice calls or connectivity to the Internet, but could not support both simultaneously. These days, smartphones support voice calls without disturbing a constant internet connectivity with the help of Voice over LTE (VoLTE).Customers are increasingly adopting various smartphones that support 5G connectivity in order to achieve fast data transmission speeds which have increased the growth of the smart phones segment across different regions of the world.
Wearable devices segment is projected to expand at a significant CAGR over the forecast period owing to the growing adoption of wearable devices for various activities such as health fitness tracking, sports, and vehicle tracking. The usage of wearable devices is growing rapidly in order to improve body contact stability against various motion artifacts.
North America and Asia Pacific to Continue to Hold Significant Share in the Overall Market
North America accounted for the highest revenue share in 2017 due to numerous technological advancements and growing investments in the cellular connectivity field in the region. In North America, telecom operators are continuously taking efforts to introduce advanced technologies such as LTE and 5G technology to improve the speed of connectivity to meet the constantly increasing consumer demand for high speed data networks. In February 2017, Qualcomm Technologies, Inc. announced the expansion of “Qualcomm Snapdragon X50 5G” modem family to include 5G New Radio (NR) multi-mode chipset solutions in order to address a wide range of use cases and deployment scenarios. Furthermore, with the rise in popularity of smartphones and deployment of LTE network, various players in North America are collaborating with each other and focusing on offering advanced products to consumers. This is helping the North America market to generate significant revenues. The market in the U.S. held the highest share in 2017 in North America and is estimated to expand at the highest CAGR during the forecast period. North America region is expected to expand at a significant CAGR of 11.9%during the forecast period. In a number of European countries, most of the telecom operators are offering technologically advanced chipsets for smart devices. The market in Europe is likely to witness significant CAGR growth over the forecast period. U.K. contributed highest share to the entire Europe multi-mode chipset market in 2017.
Demand for multi-mode chipsets in APAC is likely to remain concentrated in China and India, owing to a larger consumer base and presence of large number of telecommunication providers in these countries. India is estimated to expand at the highest CAGR among the countries in Asia Pacific during the forecast period due to the growing popularity of smartphones and growing adoption of advanced technologies. Majority of countries in the APAC region are still using mobile phones that support single mode connectivity, which is expected to shift to multi-mode chipset smartphones. In Middle East &Africa (MEA), market players are increasing their investments to expand their physical presence. GCC countries are expected to grow at a significant CAGR during the forecast period as many semiconductor providers in the GCC countries are offering miniaturized multi-mode chipsets in order to improve operational efficiency. Increasing IT spending and increasing deployment of LTE networks in South America, especially in Brazil are driving the regional multi-mode chipset market. Brazil is expected to hold a significant portion of revenue for the market in the region throughout the forecast period.
The profiling of key players in the global multi-mode chipset market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years 2016 to 2018. The key players profiled in the global multi-mode chipset market includes HiSilicon Technologies Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Samsung Group, MediaTek, Spreadtrum Communications, Marvell Technology Group, Altair Semiconductor Inc., Broadcom Corporation, and GCT Semiconductor Inc. Various players are establishing partnerships to provide technologically advanced multi-mode chipsets on a large scale in order to meet the continuously increasing demand for high speed data networks.
Manufacturers in Multi-Mode Chipset Market Find 5G Products to Build Strength
Multi-mode chipsets are viewed as a technological advancement in chipset. New design parameters in the multi-mode chipsets market are enabling companies to meet emerging range of next-gen wireless applications. A few players have entered the fray with 5G multi-mode chipset designs. Growing assortment of 5G products, such as for smart home technologies, devices for self-driving vehicles, cloud services, and next-gen computing, are unlocking new revenue streams for multi-mode chipsets market. Among common consumers, the ever rising need for increased internet connectivity in smart devices has engendered the integration of multi-mode chipsets in 5G products. Countries at the forefront of rolling out the first wave of commercial 5G deployments have geared toward supporting the development of advances chipsets, of which multi-mode strikes a chord with industry players. Over the years, new architecture for 5G networks based on multi-mode have made headways, paving way to breakthroughs in wireless communication systems. Efforts to unveil 5G SoC designs for smartphones are a glaring case in point. These architectures will also integrate cutting-edge AI, broadening the horizon for innovations in the multi-mode chipsets market. The growing demand for cutting-edge multimedia and imaging experience in virtual reality and augmented reality applications is a notable trend observed in the past few years.
The ongoing pandemic Covid-19 has attracted global solidarity to combat the morbidity, mortality, and the multi-level repercussions it has caused to countries across the world since 2019. The pandemic has assumed alarming proportion of a humanitarian crisis, with governments and industry players bewildered by the rapidly growing case loads around the world. The restrictions on the mobility, cross-border trade, and economic activities in the preliminary period caused a cascading effect on flow of money and business activities in economies. Though, numerous vaccines have come to arrest the infection rates in several countries, a clear understanding of the etiology still remains elusive for medical researchers and vaccine developers. In this backdrop, various mitigation strategies have been put in place. These are likely to increasingly shape the microeconomics of multi-mode chipset market.
Multi-Mode Chipset Market - Overview
The Multi-Mode Chipset Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026 report provides analysis of the multi-mode chipset market for the period 2016–2026, wherein the years from 2018 to 2026 is the forecast period and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the multi-mode chipset market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report include the U.S, Canada, Germany, France, U.K., India, China, Japan, GCC, South Africa, and Brazil.
Global Multi-Mode Chipset Market: Overview
The report analyzes and forecasts the market for multi-mode chipset at the global and regional level. The market has been forecasted based on revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global multi-mode chipset market. It also covers the impact of these drivers and restraints on the market during the forecast period.
The report comprises a detailed value chain analysis which provides a comprehensive view of the global multi-mode chipset market. Porter’s Five Forces model for the multi-mode chipset market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Multi-Mode Chipset Market: Taxonomy
The report segments the market on the basis of application and region. The application segment includes smartphones, tablets, wearable devices and others.
Global Multi-Mode Chipset Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Multi-Mode Chipset Market: Competitive Dynamics
HiSilicon Technologies Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Samsung Group, MediaTek, Spreadtrum Communications, Marvell Technology Group, Broadcom Corporation, and GCT Semiconductor Inc. are some of the major players operating in the multi-mode chipset market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. Various players are introducing advanced displays and establishing partnerships with other players to meet the continuously increasing demand for high speed data networks.
Global Multi-Mode Chipset Market