Global Multi-mode Chipset Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Application;
Smartphones , Tablets, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Multi-mode Chipset Market (USD Million), 2021 - 2031
In the year 2024, the Global Multi-mode Chipset Market was valued at USD 7,318.88 million. The size of this market is expected to increase to USD 16,796.29 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.6%.
The Global Multi-mode Chipset Market is experiencing substantial growth, driven by the increasing demand for advanced connectivity solutions across various industries. Multi-mode chipsets are designed to support multiple communication standards such as 4G, 5G, Wi-Fi, Bluetooth, and others, ensuring seamless connectivity for a wide range of devices. These chipsets are integral in sectors like smartphones, automotive, and the Internet of Things (IoT), where connectivity is crucial for enhanced user experiences, real-time data exchange, and improved operational efficiency. The rise of smart cities and industrial automation is also fueling the demand for these chipsets, as they enable a wide array of devices to work in harmony across diverse networks.
Geographically, the market is witnessing significant developments in regions such as North America, Europe, and Asia-Pacific. North America remains a prominent market player due to its high adoption of 5G technology and advancements in IoT and automotive applications. In Asia-Pacific, countries like China, India, and Japan are driving growth, owing to the increasing production of mobile devices and IoT products, coupled with the rapid adoption of 5G networks. Europe is also a key market, with rising demand in the automotive and industrial sectors, particularly for applications requiring high-speed data transfer and multi-network connectivity.
Technological advancements and the growing need for high-speed, low-latency networks are the primary factors accelerating the growth of the multi-mode chipset market. As 5G networks continue to roll out globally, the demand for multi-mode chipsets that can seamlessly switch between various communication protocols is expected to rise. However, the market faces challenges, including the complexity of chipset integration and the need for manufacturers to stay ahead of rapid technological advancements. Despite these challenges, the market presents significant opportunities, with companies focusing on developing innovative chipsets that provide better performance, energy efficiency, and compatibility with future communication technologies.
Global Multi-mode Chipset Market Recent Developments
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In April 2020, Samsung launched its Exynos 5G multi-mode chipsets, including the Exynos Modem 5100, Exynos RF 5500, and Exynos SM 5800, enhancing 5G connectivity for devices using sub-6 GHz spectrum.
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In December 2020, Qualcomm introduced its latest multimode chipset generated for Internet of Things (IoT) applications using NB-IoT or LTE-M connectivity. The 3GPP version 14-capable 9205 LTE modem has considerable improvements over its predecessor, the MDM9206, in important parameters like as footprint, electrical consumption, and cost.
Segment Analysis
The Global Multi-mode Chipset Market has been segmented by Application and Geography, which include smartphones, tablets, automotive, IoT devices, and others. In the smartphone segment, multi-mode chipsets are integral for enabling multiple network connectivity, such as 4G, 5G, Wi-Fi, and Bluetooth, ensuring seamless communication. In the automotive industry, these chipsets are vital for connected vehicles, facilitating advanced features like navigation, telematics, and real-time data exchange. The Internet of Things (IoT) devices also rely heavily on multi-mode chipsets to connect various devices across multiple communication standards, enhancing their interoperability.
Geographically, the market is analyzed across key regions, including North America, Europe, Asia-Pacific, and the Rest of the World. North America holds a significant share due to the early adoption of advanced technologies like 5G, along with strong demand from the automotive and IoT sectors. The Asia-Pacific region is expected to witness the highest growth rate, driven by the rising demand for mobile devices and a booming electronics manufacturing industry in countries such as China, India, and Japan. Europe also plays a crucial role in the market, particularly due to its emphasis on advanced automotive and industrial applications.
The increasing demand for high-speed connectivity, coupled with the growing number of connected devices, is fueling the expansion of the multi-mode chipset market globally. Additionally, advancements in semiconductor technology and the ongoing rollout of 5G networks across various regions are expected to further drive growth. The market faces challenges related to the complexity of multi-mode chipset integration and the need for constant innovation to keep pace with evolving communication standards. However, the development of more efficient and versatile chipsets promises to overcome these hurdles, offering new opportunities for the market.
Global Multi-mode Chipset Segment Analysis
In this report, the Global Multi-mode Chipset Market has been segmented by Application and Geography.
Global Multi-mode Chipset Market, Segmentation by Application
The Global Multi-mode Chipset Market has been segmented by Application into Smartphones, Tablets and Others.
The global multi-mode chipset market is segmented by application into several key sectors, each driving demand for versatile connectivity solutions. One significant segment is smartphones, where multi-mode chipsets are essential components enabling seamless connectivity across diverse network technologies. As smartphones evolve to support advanced features like 5G connectivity, multi-mode chipsets play a crucial role in ensuring efficient data transfer, reduced latency, and enhanced user experiences for activities such as streaming, gaming, and communication.
Another pivotal application segment is tablets, which rely on multi-mode chipsets to provide flexible connectivity options for multimedia consumption, productivity tasks, and on-the-go internet access. Multi-mode chipsets enable tablets to switch between Wi-Fi, cellular data, and other wireless technologies, optimizing connectivity based on user preferences and environmental conditions. This capability is crucial for supporting high-definition video streaming, online collaboration, and accessing cloud-based services seamlessly.
Multi-mode chipsets are integral to the automotive sector, powering connected car technologies such as telematics, infotainment systems, and vehicle-to-everything (V2X) communication. These chipsets enable vehicles to stay connected to cellular networks for navigation, real-time traffic updates, and remote diagnostics, enhancing driver safety and convenience. As automotive manufacturers integrate more IoT and smart technologies into vehicles, multi-mode chipsets will continue to play a critical role in enabling reliable and secure connectivity on the road.
Beyond these primary sectors, multi-mode chipsets are increasingly deployed in a wide range of IoT devices, wearable technology, and smart home appliances. These applications benefit from the ability of multi-mode chipsets to support multiple communication standards, ensuring interoperability and seamless connectivity in interconnected ecosystems. From healthcare devices to industrial IoT solutions, multi-mode chipsets facilitate data transmission, device management, and remote monitoring, driving efficiency and innovation across various industries.
Global Multi-mode Chipset Market, Segmentation by Geography
In this report, the Global Multi-mode Chipset Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Multi-mode Chipset Market Share (%), by Geographical Region, 2024
The global multi-mode chipset market exhibits geographical segmentation that reflects varying adoption rates, technological advancements, and market dynamics across different regions. North America holds a significant share, driven by early adoption of advanced technologies and strong demand for smartphones, tablets, and automotive connectivity solutions. The region's robust infrastructure and investments in 5G deployment further bolster the demand for multi-mode chipsets, supporting high-speed data transfer and seamless connectivity across diverse applications.
Europe follows closely, characterized by a mature telecommunications market and widespread adoption of connected devices across consumer and industrial sectors. Countries like Germany, the UK, and France lead in automotive technology integration and smart city initiatives, driving demand for multi-mode chipsets in applications ranging from IoT devices to automotive connectivity solutions.
Asia-Pacific emerges as a dynamic hub for multi-mode chipsets, fueled by rapid urbanization, expanding mobile subscriber base, and increasing investments in digital infrastructure. Countries like China, Japan, and South Korea are at the forefront of technological innovation, driving demand for multi-mode chipsets in smartphones, IoT devices, and automotive electronics. The region's leadership in manufacturing and consumer electronics further supports market growth, with rising adoption of 5G technology accelerating demand for advanced connectivity solutions.
Latin America and the Middle East & Africa regions exhibit growing potential in the multi-mode chipset market, driven by expanding telecommunications networks, rising smartphone penetration, and government initiatives to boost digital connectivity. These regions present opportunities for market players to tap into emerging economies and cater to the growing demand for connected devices, smart city solutions, and industrial IoT applications.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Multi-mode Chipset Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Connectivity demands
- 5G deployment
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IoT growth - The growth of the Internet of Things (IoT) represents a transformative trend across industries worldwide, driven by advancements in connectivity, sensor technology, and data analytics. IoT encompasses a vast ecosystem of interconnected devices and systems that exchange data and communicate autonomously, enabling real-time insights, automation, and improved operational efficiency across various sectors.
One of the key drivers of IoT growth is the increasing adoption of connected devices in both consumer and industrial applications. Smart home devices, wearable technology, and connected appliances leverage IoT to enhance convenience, energy efficiency, and home automation. In industrial settings, IoT-enabled sensors and devices monitor equipment performance, optimize supply chains, and enable predictive maintenance, leading to cost savings and enhanced productivity.
The deployment of 5G technology further accelerates IoT growth by offering higher data speeds, lower latency, and greater network capacity, essential for supporting a multitude of connected devices and applications. 5G enhances the capabilities of IoT solutions in sectors such as autonomous vehicles, healthcare monitoring, and smart city infrastructure, where real-time data transmission and reliable connectivity are critical.
Advancements in edge computing and cloud technologies play a pivotal role in IoT expansion by enabling data processing closer to the source, reducing latency, and improving response times for critical applications. Edge computing allows IoT devices to analyze and act on data locally, minimizing the need for constant connectivity to centralized servers and enhancing scalability and efficiency in IoT deployments.
Security remains a significant consideration in IoT growth, with concerns around data privacy, network vulnerabilities, and regulatory compliance. As IoT ecosystems expand, industry stakeholders focus on implementing robust cybersecurity measures, encryption protocols, and device authentication to mitigate risks and ensure the integrity and confidentiality of data transmitted across networks.
Restraints
- Cost of implementation
- Technological complexity
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Regulatory challenges - Regulatory challenges pose significant hurdles to the growth and deployment of IoT (Internet of Things) technologies across various industries. These challenges stem from the complex and evolving nature of IoT ecosystems, which involve interconnected devices, data collection, transmission, and privacy considerations. Key regulatory issues impacting IoT include.
IoT devices collect vast amounts of data from users and environments, raising concerns about data privacy and security breaches. Regulations such as the GDPR (General Data Protection Regulation) in Europe and similar data protection laws globally require IoT developers and operators to implement stringent measures for data encryption, user consent, data minimization, and secure data storage to protect sensitive information.
The lack of standardized protocols and interoperability among IoT devices and platforms hinders seamless integration and scalability. Regulatory bodies and industry associations work to establish guidelines and standards that ensure interoperability, data exchange, and compatibility across different IoT ecosystems. Compliance with these standards can be challenging for IoT manufacturers operating in diverse global markets.
IoT devices rely on wireless communication technologies such as Wi-Fi, Bluetooth, and cellular networks, which operate within regulated radio frequency spectrums. Regulatory agencies oversee spectrum allocation, licensing, and usage policies to prevent interference and ensure efficient spectrum management. IoT developers must comply with local regulations governing spectrum usage to deploy devices and maintain reliable connectivity.
Opportunities
- Expansion of IoT applications
- Emerging markets adoption
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Integration with AI and machine learning - The integration of IoT (Internet of Things) with AI (Artificial Intelligence) and machine learning represents a transformative synergy that enhances the capabilities and applications of connected devices and systems. AI and machine learning algorithms enable IoT devices to analyze vast amounts of data generated from sensors, cameras, and other sources in real-time, extracting meaningful insights, and making intelligent decisions autonomously.
One of the key benefits of integrating AI with IoT is enhanced predictive analytics and decision-making capabilities. AI algorithms can analyze historical data patterns and real-time sensor data to predict equipment failures, optimize energy usage, or anticipate consumer behavior. For example, in manufacturing, AI-powered predictive maintenance systems analyze machine performance data from IoT sensors to schedule maintenance proactively, minimizing downtime and reducing operational costs.
AI enhances IoT systems' responsiveness and adaptability through real-time data processing and feedback loops. IoT devices equipped with AI can adjust parameters, such as temperature controls in smart buildings or traffic flow management in smart cities, based on environmental conditions, user preferences, and predictive analytics. This adaptive capability improves efficiency, resource utilization, and user experience across various IoT applications.
AI-driven IoT solutions also enable personalized experiences and automation in consumer applications. Smart home devices, for instance, use AI to learn user habits and preferences, adjusting settings automatically for comfort and energy efficiency. In healthcare, AI-powered IoT devices monitor patient health metrics, detect anomalies, and alert healthcare providers for timely intervention, improving patient care and outcomes.
Competitive Landscape Analysis
Key players in Global Multi-mode Chipset Market include :
- Hisilicon Technologies
- Intel
- MediaTek
- QUALCOMM
- SAMSUNG
- Spreadtrum Communications
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Multi-mode Chipset Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Connectivity demands
- 5G deployment
- IoT growth
- Restraints
- Cost of implementation
- Technological complexity
- Regulatory challenges
- Opportunities
- Expansion of IoT applications
- Emerging markets adoption
- Integration with AI and machine learning
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Multi-mode Chipset Market, By Application, 2021 - 2031 (USD Million)
- Smartphones
- Tablets
- Others
- Global Multi-mode Chipset Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Multi-mode Chipset Market, By Application, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Hisilicon Technologies
- Intel
- MediaTek
- QUALCOMM
- SAMSUNG
- Spreadtrum Communications
- Company Profiles
- Analyst Views
- Future Outlook of the Market