The global mobile chipset market is expected to be valued US$ 95,629.0 million by 2032. According to FMI Analysts, the global mobile chipset market will be worth US$ 14,563.0 million in 2022 and will increase at a CAGR of 20.7% from 2022 to 2032.
The days of judging mobile phones solely on their external appearance, screen size, or brand name are long gone. With technological advancements, mobile phones are now rated mainly on the memory available, operating systems, and, most crucially, processors.
As mobile CPUs are regularly upgraded with new technologies and system advancements, they are establishing themselves as a critical component of the overall mobile phone. Manufacturers of mobile chipsets are focused more on improving the speed and configuration of the chipset in order to maintain their market positions and increase their product offers by extending the functionality.
Mobile phone makers are increasingly focusing on the deployment of mobile chipsets due to their capacity to improve system performance while also lowering power consumption of mobile phones.
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Global Mobile Chipset Market: Drivers and Restraints
The increasing demand for the Mobile Chipsets by the mobile phones manufacturers is primarily driven by the increasing technological advancements in the mobile phones to sustain the today’s consumer’s demand for the smartphones. Also, the mobile chipsets demand is also driven by the increasing trend of the SoC (System on Chip).
The SoC is getting immense popularity as the chipsets i.e. processors offered by manufacturers are designed such as CPU, graphics card, memory controller and other components and other mobile phone components are all operated using the single chipset. Also, the due to the constant innovations such as the advanced processors are introduced including firstly single core then dual-core and now quad-core processors are introduced.
The mobile chipsets have significant contribution in the emerging smartphones market. Due, to this fact the demand for the mobile chipsets market is increasing globally. On the other hand, the higher manufacturing cost and increasing competition due to counterfeit products are one of the major challenging factors for the growth of the mobile chipset market.
Global Mobile Chipset Market: Region-wise outlook
The global market for Mobile Chipset is divided on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. Among these regions, the North America region dominates the market in terms of revenue generation due to the large presence of the mobile phone manufacturers.
Also, increasing technological advancements in enhancing the smartphone applications and need for providing the faster processing speeds is responsible for increasing demand of the mobile chipset. The Western Europe follows the North America market due to the rapid adoption of the new technological advancements in this region followed by Eastern Europe.
The APEJ region is expected to grow at highest CAGR in forecast period due to increasing mobile phone users in developing countries such as India this trend is also followed by Japan region. The MEA and Latin America region are expected to grow at the moderate CAGR.
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Global Mobile Chipset Market: Industry Key Players
The global vendors for Mobile Chipset include:
The key players considered in the study of the Mobile Chipset market are NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc., Zhuhai Alltech Technology Co., Ltd., SAMSUNG, MediaTek Inc., and others. The key players are constantly focusing on developing a new functionality and adding new features to the existing products.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Key Segments Profiled in the Mobile Chipset Market
By Clock Speed:
- 800MHz
- 1.5 GHz
- 1.6 GHz- 2.5GHz
- 2.6 GHz-3.5 GHz.
By Frequency Type:
- Sub-6GHz
- mmWave
- Sub-6GHz + mmWave
By Processing Node Type:
- 7 nm
- 10 nm
- Others
By End-user:
- Manufacturing
- Healthcare
- IT and telecom
- Energy and Utilities
- Automotive and Transportation
- Supply Chain and Logistics
- Government and Public Safety
- Agriculture
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific
- Japan
- Middle East and Africa
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