Key Insights for the Global Multi-mode Chipset Market
March 14, 2018 | Business WireEstimated reading time: 2 minutes
Technavio’s latest market research report on the global multi-mode chipset market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio analysts, the global multi-mode chipset market will grow at a CAGR of over 10% during the forecast period. The increasing deployment of LTE networks by telecommunication operators is a major factor driving the market’s growth.
Telecommunication operators across the globe have been extensively deploying LTE networks. This is one of the major growth inducers of the global multi-mode chipset market. The deployment of LTE networks indicates that there is a strong demand from cellular device users for 4G capabilities. The LTE networks should have the ability to support the transition from 2G/3G to 4G.
Growing popularity of devices that support 5G NR with integrated gigabit LTE
One of the major trends as identified by Technavio is the increasing popularity of devices that support 5G NR with integrated gigabit LTE. There has been an increasing interest in deploying 5G by telecommunication operators across the world. This is primarily because of the possibility to achieve superfast data transmission speeds, which are 1,000 times faster than the present 4G services. To commercialize 5G, multi-mode chipset manufacturers such as QUALCOMM and MediaTek have started focusing on Gigabit LTE. The Gigabit LTE will be able to meet data requirements of many mobile connections. This is possible since Gigabit LTE can provide fiber-optic-like cable download speeds without the use of any cable.
By commercializing Gigabit LTE, devices that are equipped with the technology will be able to support strong signals and fast speeds in crowded locations. Users can obtain quick cloud access along with fast video and music streaming.
“For a telecommunication and mobile operator, Gigabit LTE is the foundation to deploy 5G networks during the forecast period. Therefore, investments toward achieving the Gigabit LTE will require highly efficient multi-mode chipsets, further driving the growth of the market,” says a senior analyst at Technavio for embedded systems research.
The global multi-mode chipset market by geography has been derived based on the sales of multi-mode chipsets to smartphones, tablets, wearables, and notebooks manufacturers located across the Americas, EMEA, and APAC. The global multi-mode chipset market by geography was dominated by APAC with a market share of close to 79% in 2017, followed by the Americas and EMEA. APAC is expected to witness the fastest growth during the forecast period increasing its market share by a further 3% while the other two regions will witness a small reduction in their market share by 2022.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.