Multi-Mode Chipset Market Sales and Revenue Share by Countries

The global multi-mode chipset market was valued at around US$ 4,509.7Mn in 2017 and is anticipated to register a stable CAGR of over 11% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “

Multi-Mode Chipset Market” – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.

” 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.

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Increasing Deployment of LTE networks to Drive Market Growth

The growing necessity for wireless communication networks offering high capacity and speed has increased the deployment of LTE networks. Various telecommunication operators across the world are deploying advanced LTE networks in order to deliver seamless mobility, low latency, high efficiency, over-the-air encryption, and improved bandwidth support. Telecom operators from North America are continuously taking efforts to introduce advanced technologies such as LTE and 5G to improve the speed of connectivity in order to meet the increasing consumer demand for high speed data networks. In February 2017, Qualcomm Technologies, Inc. announced the expansion of “Qualcomm Snapdragon X50 5G” modem family to include 5G New Radio (NR) multi-mode chipset solutions to address a wide range of use cases and deployment scenarios. Key trends prevalent in the multi-mode chipset market are multi-mode chipsets for smart devices, 5G technology devices, miniaturized multi-mode chipsets, and multi-mode chipsets with IoT connectivity.