The global mobile chipset market size is expected to reach USD 103,068.1 million by 2033. As per FMI Analysts, the global mobile chipset market is estimated to be valued at USD 14,701.5 million in 2023 and is projected to increase at a CAGR of 21.5% in the forecast period from 2023 to 2033.
| Attribute | Details |
|---|---|
| Mobile Chipset Market Estimated Base Year Value (2022) | USD 12,100 million |
| Mobile Chipset Market Expected Value (2023) | USD 14,701.5 million |
| Mobile Chipset Market Anticipated Forecast Value (2033) | USD 103,068.1 million |
| Mobile Chipset Market Projected Growth Rate (2023 to 2033) | 21.5% CAGR |
Manufacturers of mobile phones have an increased demand for mobile chipsets due to technical advancements in mobile phones designed to meet the consumer's increasing demand for smartphones. The growing demand for mobile chipsets is also driven by the increasing demand for system-on-chip (SoC) offerings.
In recent years, chipsets, i.e., processors, have gained immense popularity as manufacturers provide several components on the same chipset, such as CPU, graphics card, memory controller, and other essential components for the mobile phone. Numerous innovations, such as new processors, such as dual-core and now quad-core processors, are being introduced regularly. This has led to an increase in the sales of mobile chipsets worldwide due to its contribution to the smartphone market. On the other hand, higher manufacturing costs and increasing competition owing to counterfeit products are major challenge factors for the growth of the mobile chipset market.
In terms of revenue generation, the North American market dominates the market due to the high number of mobile phone manufacturers in this region. This is followed by Western Europe, Eastern Europe, and the Asia Pacific barring Japan, Japan, and the Middle East & Africa market. The continuous advancement of technology in providing faster processing speeds is also responsible for the increase in demand for the mobile chipset. Western Europe has been able to surpass North America in terms of market share thanks to its rapid adoption of new technologies, followed by Eastern Europe.
Since consumers' requirements for smartphones, their usage, and applications are constantly changing, manufacturers are simultaneously updating the configurations. Gone are the days of only judging the phone based on its external appearance, screen size, or brand. Now, mobile phones are evaluated by their memory, operating systems, and, most importantly, their processors.
Having the ability to be continuously upgraded with new technologies and innovative systems, mobile processors are becoming an integral part of the entire mobile device. The manufacturers of mobile chipsets are more focused on improving the chipset's speed and system configuration to maintain their market positions and expand the product offerings, creating new opportunities in the mobile chipset market.
Due to their ability to enhance the performance of their systems, mobile chipsets are increasingly being used by phone manufacturers. The chipsets have helped lower the power consumption of mobile phones.
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The mobile chipset market has received a lot of traction in the industry. Growing demand for mobile chipsets by mobile phone manufacturers can be attributed to the increasing technological advancements in mobile phones, which allows companies to sustain today's consumers' demand for smartphones. There is an increasing demand for SoCs (Systems on Chips).
SoCs are gaining tremendous momentum as more mobile phone components are operated using one chipset, including CPU, graphics card, memory controller, and other components, and other mobile phone components are all operated by a single chipset. More advanced processors are introduced, starting with single-core processors and then expanding to dual-core and now quad-core processors, propelling the demand for mobile chipsets.
Consequently, mobile chipsets are having a significant contribution to the popularity of smartphones and thus drive the global mobile chipset market growth for them. The high manufacturing costs and increasing competition caused by counterfeit products are one of the major challenges facing the mobile chipset market.
As a result of numerous mobile phone manufacturers and their presence in North America, the Mobile Chipset market in North America is leading with a market share of 27.6% in 2023.
Mobile phones today are judged based on their memory, operating systems, and most important the processors, as they no longer only consider the external appearance and the screen size, but also the applications the phones can run.
The days when mobile phones were judged only by their external appearance and screen size or the brand of the phone are become history because of the technological adaptations to mobile phones in the region.
The Europe mobile chipset market is likely to garner a market share of 24% during the forecast period. Due to the rapid adoption of new technological advancements in this region, the Europe market follows the North American market by a long way due to the increased demand for the mobile chipset. Increasing technological advancements are responsible for enhancing smartphone applications and for providing faster processing speeds.
The European Commission (EC) outlined a significant investment plan to strengthen the chip industry on the continent, lessen its reliance on supplies from the United States and Asia, and increase protection against future shortages. This is expected to augur well for the European mobile chipset market's future trends to a significant extent.
Some of the leading companies operating in the global mobile chipset market include NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc., Zhuhai Alltech Technology Co., Ltd., SAMSUNG, MediaTek Inc., and others.
These companies are focusing more on improving the speed as well as the configuration of the mobile chipsets to sustain their market positions and expand their product offerings by expanding the features. Today's mobile processors are constantly improved with new technologies and innovations in the systems. Mobile processors have become a key component of the entire mobile phone system.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 21.5% from 2023 to 2033 |
| Mobile Chipset Market Expected Market Value (2023) | USD 14,701.5 million |
| Mobile Chipset Market Anticipated Forecast Value (2033) | USD 103,068.1 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Clock Speed, Frequency Type, Processing Node Type, End-User, Region |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | NVIDIA Corporation; Intel Corporation; Qualcomm Technologies, Inc.; Zhuhai Alltech Technology Co., Ltd.; SAMSUNG; MediaTek Inc.; Broadcom; Huawei Technologies Co. Ltd.; Infineon Technologies AB; Qorvo Inc. |
| Customization & Pricing | Available Upon Request |
The primary consumer for mobile chipsets is the smartphone industry.
Qualcomm, MediaTek, and Samsung are key mobile chipset market players.
The market is estimated to secure a valuation of USD 14,701.5 million in 2023.
The market is estimated to reach USD 103,068.1 million by 2033.
The smartphone sector holds high revenue potential in the mobile chipset market.
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Mobile Chipset Market
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