The global mobile chipset market is estimated to be worth USD 103,068.1 million by 2033. According to FMI Analysts, the worldwide mobile chipset market is expected to be worth USD 14701.5 million in 2023 and to grow at a CAGR of 21.5% from 2023 to 2033.
Mobile phone manufacturers have raised their demand for mobile chipsets as a result of technological developments in mobile phones aimed to suit consumers’ increasing desire for mobile devices. Rising demand for system-on-chip (SoC) products is also driving an increasing need for mobile chipsets.
Chipsets, or processors, have grown in prevalence over the past few decades as companies provide multiple elements on the same chipset, such as the CPU, graphics card, memory controller, and other critical components for mobile phones. Many new advancements, including dual-core and even quad-core processors, are developed regularly. Owing to its benefit to the smartphone market, this has increased global sales of mobile chipsets.
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The constant improvement of technology in offering a greater rate of processing is also to blame for the rise in demand for mobile chipsets. Because of its rapid adoption of new technology, Western Europe has surpassed North America with respect to market share, followed by Eastern Europe.
Key Takeaways from the Mobile Chipset Market Report:
- The market has grown at a CAGR of 20% during the last five years.
- North America leads the Mobile Chipset market with a market share of 27.6% in 2023.
- Over the forecast period, sales in the United States are expected to grow at a CAGR of 21%.
- During the projection period, Europe’s mobile chipset market is anticipated to account for 24% of the market.
- Over the forecast time frame, the Indian market is expected to grow at a 20.6% CAGR.
Competitive Landscape:
Today’s mobile processors are constantly enhanced with new technology and system advances. Mobile processors have evolved into an essential component of the complete mobile phone system.
- The Tecno Pova 5 Pro was released in August 2023 and included a Dimensity 6080, a 6nm chip (TSMC) with 2x Cortex-A76 (2.2GHz) and 6x A55 (2.0GHz) processors, as well as a Mali-G57 MC2. This is a replacement for the Helio G99, which has a similar CPU but a less efficient Mali-G52 MC2 GPU.
- In April 2023, Intel announced a significant agreement that will allow chipmakers to construct a low-power SoC using its 18A technology. The collaboration will begin by concentrating on mobile chipset design using Arm-based CPU cores before spreading to autos, IoT, data centers, aerospace, and government applications.
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Leading Key Players:
- NVIDIA Corporation
- Intel Corporation
- Qualcomm Technologies, Inc.
- Zhuhai Alltech Technology Co., Ltd.
- SAMSUNG
- MediaTek Inc.
- Broadcom
- Huawei Technologies Co. Ltd.
- Infineon Technologies AB
- Qorvo Inc.
More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global Mobile Chipset market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Clock Speed (800MHz, 1.5 GHz, 1.6 GHz- 2.5GHz, 2.6 GHz-3.5 GHz), Frequency Type (Sub-6GHz, mmWave, Sub-6GHz + mmWave ), Processing Node Type (7 nm, 10 nm, Others), End-user (Manufacturing, Healthcare, IT and telecom, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture, Others), and Region.
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Mobile Chipset Market Segmentation:
By Clock Speed:
- 800 MHz
- 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
- South Asia & Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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