Mobile Chipset Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032
The global mobile chipset market is anticipated to be worth US$ 95,629.0 million by 2032. According to FMI Analysts, the global mobile chipset market is expected to be valued at US$ 14,563.0 Million in 2022 and to grow at a CAGR of 20.7% from 2022 to 2032.
The days when mobile phones were only judged based on the external appearance and screen size or the brand name of the phone are gone, with the technological adaptations the mobile phones are now judged based on the memory available, operating systems, and most importantly the processors.
As the mobile processors are constantly upgraded with new technologies and new innovations in the systems the mobile processors are placing themselves as a key component of the entire mobile phones. The manufacturers of the mobile chipsets are more focusing on improvising the speed as well as the configuration of the chipset to sustain their market positions and expand the product offerings by extending the features.
Get a Sample Copy of the Report @
The mobile phone manufacturers are increasingly focusing on the deployment of the mobile chipsets due to their ability to increase the performance of the systems as well as the chipset helps to lower the power consumptions of the mobile phones.
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.
Ask for Customization @
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:
- 1.5 GHz
- 1.6 GHz- 2.5GHz
- 2.6 GHz-3.5 GHz.
By Frequency Type:
- Sub-6GHz + mmWave
By Processing Node Type:
- 7 nm
- 10 nm
- IT and telecom
- Energy and Utilities
- Automotive and Transportation
- Supply Chain and Logistics
- Government and Public Safety
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa