According to Transparency Market Research’s report titled "Multi-Mode Chipset Market", the global multi-mode chipset market was valued at around $4,509.7 Million in 2017 and is anticipated to register a stable CAGR of over 11% during the forecast period 2018 to 2026. Increasing deployment of LTE networks, rapid technological advancement in the field of cellular connectivity, and growing popularity of devices that support 5G NR with integrated gigabit LTE has increased the penetration and growth of the multi-mode chipset market globally. The market in North America is expanding at a significant CAGR of 11.9% on the backdrop of numerous technological innovations in cellular connectivity and increasing popularity of smartphones.
High Points
- Increasing Deployment of LTE networks to Drive Market Growth
- Smartphone Segment to Dominate the Global Multi-Mode Chipset Market
- Growing Adoption of Multi-Mode Chipset due to Technological Advancements in Cellular Connectivity and increasing Penetration of 5G Devices in China, India, South Africa, Brazil, and Taiwan to Create More Opportunities in the Market
- Key Players Such as Intel Corporation, Qualcomm Technologies Inc., and Samsung Group are Likely to Continue to Lead the Global Multi-Mode Chipset Market
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