Smartphone Chipsets Market is Expected to Reach $50.4 billion by 2032

According to a market report, published by Sheer Analytics and Insights, The global smartphone chipsets market was valued at $8.6 billion in 2021 and it is expected to reach $50.4 billion at a CAGR of 18.3% between 2022 and 2032. Multiple manufacturing companies are focusing on producing chipsets, especially for mobile phones and other smart devices. This increasing production is driving the market. Additionally, the global smartphone chipsets market is expected to gain more significant growth due to the increasing usage of smartphones among a large number of users. Various mobile applications are used by new generation people as well as other people which is another major factor driving the growth of the smartphone chipsets market during the upcoming years. People are using smartphones as it is widely used in various works such as banking, online shopping, and multiple transactions, among others. Hence, these works usually need stronger capacity and chipsets. Thus, key players are concentrating on creating new and innovative chipsets for their wide number of users. Therefore, these major factors are estimated to fuel the growth of the smartphone chipsets market during the forecast period.

Moreover, there are several benefits or advantages of using smartphone chipsets. For example, it can provide a core set of functions ranging from cellular communication to Wi-Fi and Bluetooth communication to general computing to power management to memory and storage interface to peripheral interfaces. Furthermore, another primary function of it is to control communications between the processor and external devices. The chipset also plays an essential role in determining system performance. Thus, all these benefits or advantages are projected to accelerate the growth of the smartphone chipsets market across the globe in the upcoming years.

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A smartphone has some components that come with a camera lens, sensor, image processor, and others. These functions need a proper chipset. A wide number of customers from several developed nations like to purchase good smartphones. Several major factors such as battery strength, the memory of the phone, camera quality, processor, display, and operating system among others people consider before buying any smartphone. This increasing demand for smartphones with all these functions associated with better quality chipsets is usually estimated to gain more significant growth during the forecast period from 2022 to 2032. 

In 2022, Apple launched the iPhone SE and initial sales were promising. All major Chinese OEM brands are expected to launch premium phones with Dimensity 9000 in the country. Samsung shipment has increased in Q1 2022 due to the launch of Exynos 1280. In addition, the revenue of the brand has also witnessed growth in the quarter. This company has also launched the Galaxy A33 and A53 with its Exynos 1280 SoCs. Recently, Sony LinkBuds has launched in India with a unique design and a Never Off wearing experience. OnePlus Ace Pro smartphone with Snapdragon 8+ Gen 1 chipset is expected to launch in a few days. Arm has launched new chip technology for smartphone games. The primary aim of this company is to improve the performance of chips while using less electricity. Therefore, these new launches are expected to drive the growth of the global smartphone chipsets market during the forecast period from 2022 to 2032.  

According to the study, key players dominating the global smartphone chipsets market are Apple (U.S), Broadcom Inc (U.S), Celeno (Israel), Huawei (China), Intel Corporation (U.S), MediaTek (Taiwan), NXP Semiconductors (Netherlands), Nvidia Corporation (U.S), Renesas Electronics (Japan), Snapdragon (U.S), Samsung Electronics (South Korea), Qualcomm (U.S), UNISOC (China), Xiapmi Corporation (China), among others.

The Global Smartphone Chipsets Market Has Been Segmented Into:

The Global Smartphone Chipsets Market – by Product Type:

• Dual Core
• Quad Core
• Octa Core
• And Others

The Global Smartphone Chipsets Market – by End-User Type:

• Telecommunication
• Mobile Devices
• Non-Mobile Devices
• Automobile
• And Others

The Global Smartphone Chipsets Market – by Regions:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • France
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• LAMEA

• Middle East
• Saudi Arabia
• UAE
• Others
• Latin America
• Brazil
• Chile
• Others
• Africa
• South Africa
• Egypt
• Others

Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/smartphone-chipsets-market-21