Mobile Chipset Market Forecast Shows 21.5% CAGR Until 2033

The global mobile chipset market is estimated to be worth US$ 103,068.1 million by 2033. According to FMI Analysts, the worldwide mobile chipset market is expected to be worth US$ 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. 

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 on a regular basis. Owing to its benefit to the smartphone market, this has resulted in an upsurge in 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 Mobile Chipset market has experienced substantial growth, boasting a CAGR of 20% over the past five years. North America dominates this market, holding a 27.6% share in 2023, with the United States anticipated to grow at a CAGR of 21% during the forecast period. Europe is projected to account for 24% of the market, while India's market is expected to grow robustly at a 20.6% CAGR over the same time frame.

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.

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.

Leading Key Players:

The mobile chipset market is dominated by several key players, each contributing significantly to the industry's advancement. NVIDIA Corporation and Intel Corporation are renowned for their high-performance computing solutions, while Qualcomm Technologies, Inc. leads with its cutting-edge Snapdragon series. SAMSUNG and MediaTek Inc. offer a diverse range of chipsets balancing performance and affordability. Broadcom excels in communication technologies, and Huawei Technologies Co. Ltd. is notable for its robust Kirin chipsets. Zhuhai Alltech Technology Co., Ltd. and Qorvo Inc. are recognized for their innovative designs, and Infineon Technologies AB specializes in secure and energy-efficient solutions.