Mobile Chipset Market is expected to reach $95,629.0 million in 2032, and is likely to surge at a CAGR of 20.7 percent during the forecast period 2022- 2032. As the mobile processors are constantly upgraded with new technologies and new innovations in the systems, the mobile processors are placing themselves as a key component of the entire mobile phones.  The manufacturers of the mobile chipsets are more focusing on improvising the speed as well as the configuration of the chipset to sustain their market positions and expand the product offerings by extending the features.
The mobile phone manufacturers are increasingly focusing on the deployment of the mobile chipsets due to their ability to increase the performance of the systems as well as the chipset helps to lower the power consumptions of the mobile phones.
The increasing demand for Mobile Chipsets by mobile phone manufacturers is primarily driven by the increasing technological advancements in mobile phones to sustain today’s consumer demand for smartphones. Mobile chipsets demand is also driven by the increasing trend of the SoC (System on Chip).
The SoC is getting immense popularity as the chipsets i.e. processors offered by manufacturers are designed such as CPU, graphics card, memory controller and other components and other mobile phone components are all operated using the single chipset.
The mobile chipsets have a significant contribution to the emerging smartphone market. As a result, the demand for the mobile chipset is increasing globally. On the other hand, the higher manufacturing cost and increasing competition due to counterfeit products are one of the major challenging factors for the growth of the mobile chipset market.
The Mobile Chipsets are offered at different clock speeds for the end users. The segmentation on the basis of the clock speed includes 800MHz- 1.5 GHz, 1.6 GHz- 2.5GHz, 2.6 GHz-3.5 GHz.
The global market for Mobile Chipset is divided on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific Excluding Japan, Japan, and Middle East & Africa. Among these regions, the North American region dominates the market in terms of revenue generation due to the large presence of mobile phone manufacturers.
Also, increasing technological advancements in enhancing smartphone applications and the need for providing faster processing speeds is responsible for the increasing demand for the mobile chipset. Western Europe follows the North American market due to the rapid adoption of the new technological advancements in this region, which is followed by Eastern Europe.
The APEJ region is expected to grow at the highest CAGR in the forecast period due to increasing mobile phone users in developing countries such as India. The MEA and Latin America regions are expected to grow at a moderate CAGR.
The key players considered in the study of the Mobile Chipset market are NVIDIA Corporation, Intel Corporation, Qualcomm Technologies, Inc., Zhuhai All tech Technology Co., Ltd., SAMSUNG, MediaTek Inc., and others. The key players are constantly focusing on developing new functionality and adding new features to the existing products.
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