Global Multimode Chipset Market 2025–2034

Reports Description

Global Multimode Chipset  Market was valued at USD 8.5 Billion in 2024 and is expected to reach USD 29.2 Billion by 2033, at a CAGR of 12.2% during the forecast period 2024 – 2033.

A multimode chipset is a hardware component that may handle numerous communication protocols or modes inside the same device. This adaptability allows devices like smartphones and modems to connect to a variety of networks, including Wi-Fi, Bluetooth, cellular, and GPS, which improves their usefulness and connectivity possibilities.

Multimode Chipset Market: Growth Factors

Adoption of 5G technologies

The development of 5G technologies has greatly boosted the multimode chipset market by increasing demand for flexible chipsets that can handle numerous wireless communication protocols. As 5G networks expand internationally, there is a rising demand for chipsets that can seamlessly integrate 5G connection with current 4G LTE, 3G, and Wi-Fi networks.

Multimode chipsets allow devices to effectively transition between several wireless protocols, guaranteeing continuous connectivity and peak performance in a variety of network scenarios. Furthermore, the expansion of 5G-enabled devices, which include smartphones, tablets, IoT gadgets, and automobiles, drives up interest in multimode chipsets, which allow these devices to reap the benefits of 5G while being backwards compatible with existing network technologies.

This tendency drives innovation and competitiveness in the multimode chipset industry, as manufacturers attempt to deliver cost-effective, power-efficient, and high-performance solutions to meet the evolving connectivity requirements of consumers and industries. According to the GSMA, 5G networks will reach one-third of the global population by 2025.

This rise is also attributed to the growing use of the Internet of Things (IoT) and its promise in both the industrial and commercial sectors.  According to reports, 5G will be 10 times faster than 4G LTE networks. The transition to 5G might be the most significant growth engine for the smartphone market in the coming years.

Rising advancement in data communication technology

Advances in data transmission technologies have considerably boosted the multiple modes chipset industry. The expansion of high-speed internet, rising demand for higher data transfer rates, and the advent of applications that use bandwidth like streaming video and cloud computing have all contributed to the need for more effective communication methods.

Multimode chipsets, which support various communication protocols such as Wi-Fi, Bluetooth, and mobile networks, are becoming popular due to their versatility and interoperability with a wide range of devices and networks. Furthermore, advances such as beamforming, MIMO (Multiple Input Multiple Output) technology, and sophisticated modulation methods improve the efficiency and dependability of multimode chipsets, encouraging their widespread usage.

With the introduction of 5G networks and IoT (Internet of Things) devices, the multiple modes chipset market is likely to grow to witness sustained growth, catering to the increasing demand for seamless connectivity and enhanced user experiences.

Multimode Chipset Market: Restraints

Fluctuations in raw material prices

Silicon, metals, and rare earth elements are all essential raw materials in semiconductor fabrication. Sudden price rises in these materials can drive up production costs for multimode chipsets, decreasing manufacturers’ profit margins. Furthermore, variable raw material costs might disrupt supply chains, resulting in delays in the manufacture and delivery of multiple modes chipsets to consumers.

Additionally, firms may struggle to estimate and manage inventory levels when raw material costs fluctuate, resulting in inventory shortages or surplus stocks. These considerations can influence the level of competition of multimode chipset vendors in the market and may discourage investment in R&D efforts to develop and enhance chipset technology.

Multimode Chipset Market: Opportunities

Rising trend of connected cars and smart homes

The growing popularity of connected automobiles and smart homes is a major driver for the multimode chipset industry. As automobiles and houses become more networked, there is a greater demand for chipsets that can handle numerous wireless communication protocols, including Wi-Fi, Bluetooth, cellular, and GNSS (Global Navigation Satellite System).

These chipsets offer smooth connectivity and communication across numerous devices and systems in automobiles and houses, allowing for capabilities like remote surveillance, control, and automation. Multimode chipsets power connected automobile capabilities such as in-car entertainment, telematics, and advanced driver assistance systems (ADAS).

Furthermore, in smart homes, these chipsets facilitate the integration and administration of smart devices that include thermostats, surveillance cameras, lighting controls, and appliances. As the use of linked technology continues to grow, the requirement for multimode chipsets is expected to grow, driving the growth of the market.

According to the United Nations, traffic accidents kill around 1.3 million people each year. The advent of Vehicle-to-everything technology raises the amount of communication between drivers, pedestrians, and vehicles, further improving road safety. By 2030, about 95% of new automobiles sold globally will be networked.

Multimode Chipset Market: Segmentation Analysis

Global Multimode Chipset market is segmented by type, application and region.  Based on type, the market is classified into integrated chipsets and non-integrated chipsets. Integrated Chipset dominated the market in 2023 with a market share of 60.4% and is expected to keep its dominance during the forecast period 2025-2034.

The combination of several functionalities into a single chipset is transforming the multimode chipset industry. Integrated chipsets combine many wireless communication technologies, including Wi-Fi, Bluetooth, and cellular connection, into a single, small solution. This integration provides several benefits, accelerating the expansion of the multimode chipset industry.

Integrated chipsets simplify and lower the cost of device design and manufacture by removing the need for several separate components. This improves manufacturing efficiency and lowers bill-of-materials costs, making multiple modes devices more inexpensive and accessible to users.

Integrated chipsets provide smooth communication and interoperability across various wireless networks. Multimode chipsets enable devices to dynamically transition between several communication protocols, guaranteeing constant connectivity and outstanding efficiency in a wide range of usage circumstances.

Furthermore, integrated chipsets make it easier to create tiny and power-efficient devices, notably for the Internet of Things (IoT) and wearable technology industries. Manufacturers may make lighter, more compact, and more energy-efficient gadgets with longer battery lives by combining numerous capabilities into a single chipset.

Based on application, the market is classified into smartphones, tablets, wearable devices and others. Smartphones dominated the market in 2023 with a market share of 53.5% and are expected to keep their dominance during the forecast period 2025-2034. Growing demand for smartphones with sophisticated connection features like 4G LTE, 5G, Wi-Fi, and Bluetooth is driving the development of multimode chipsets.

These chipsets combine numerous wireless communication protocols in a single device, resulting in seamless connection and improved user experiences. Furthermore, the rising popularity of mobile data services and multimedia apps on smartphones mandates the usage of chipsets that are efficient and adaptable enough to support various wireless protocols at once.

Multimode chipsets allow you to transition between networks and frequency bands, guaranteeing excellent connectivity and performance in a variety of settings.

Moreover, the growing popularity of Internet of Things (IoT) devices and smartwatches drives up demand for multimode chipsets, since these devices require small and energy-efficient wireless connection solutions.

Additionally, smartphone makers are always attempting to improve their devices’ efficiency, speed, and energy economy, resulting in increased demand for modern multimode chipsets with embedded modem characteristics.

The increasing number of smartphones and the growing need for dependable and fast speeds wireless connectivity are driving the expansion of the multimode chipset market, which makes it an essential component of the current mobile ecosystem.

Report Scope

Multimode Chipset Market: Regional Analysis

By region, Multimode Chipset market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Multimode Chipset market in 2023 with a market share of 43.1% and is expected to keep its dominance during the forecast period 2025-2034.

North America has a strong telecommunications sector and a vast customer base that demands improved cell phones and network services. This need drives advancements and expenditures in multimode chipset technology to help construct next-generation wireless networks, such as 5G, which require flexible chipsets that can support several communication protocols.

Furthermore, North America is home to several renowned semiconductor businesses and technological behemoths that drive multimode chip research and development. These businesses use their wireless communication expertise to create highly integrated chipsets that provide improved performance, power efficiency, and connection for mobile phones, IoT devices, and networked devices.

Furthermore, the area benefits from supportive government policies, favourable regulatory frameworks, and strategic alliances among industry players, all of which promote cooperation and expedite the deployment of multimode chipsets in a variety of applications.

Additionally, North America’s early adoption of new technologies, combined with its position as a worldwide leader in internet access, drives consumption of multimode chipsets, establishing the area as a significant driver in the global market.

Multimode Chipset Market: Recent Developments

• In April 2020, Samsung Electronics launched its 5G multi-mode chipsets encompassing the Exynos Modem 5100 as well as a new single-chip radio frequency the transceiver, the Exynos RF 5500, and supply modulator solution, the Exynos SM 5800, all that promotes 5G New Radio (5G-NR) sub-6-gigahertz (GHz) spectrum.

• In January 2019, Huawei officially introduced its 5G multi-mode chipset Balong 5000 first commercial 5G device supported by the Huawei 5G CPE Pro.

• 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.

List of the prominent players in the Multimode Chipset Market:

• Qualcomm Technologies Inc.
• MediaTek Inc.
• Intel Corporation
• Broadcom Inc.
• Samsung Electronics Co. Ltd.
• Huawei Technologies Co. Ltd.
• Nokia Corporation
• Texas Instruments Incorporated
• Marvell Technology Group Ltd.
• Renesas Electronics Corporation
• Infineon Technologies AG
• STMicroelectronics N.V.
• Integrated Device Technology Inc.
• Qorvo Inc.
• Skyworks Solutions Inc.
• Fujitsu Limited
• Analog Devices Inc.
• NXP Semiconductors N.V.
• Silicon Laboratories Inc.
• ZTE Corporation
• Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Multimode Chipset Market is segmented as follows:

By Type

• Integrated Chipset
• Non-Integrated Chipset

By Application

• Smartphones
• Tablets
• Wearable Devices
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America