LTE Chipset Market

LTE Chipset Market by Component (Hardware [Discrete Cellular Modem, Mobile Processor/Platform, and 3GPP IoT Chipset], Software, and Services), Product Technology (LTE-advanced, LTE-TD, and LTE-FDD), Applications (Tablets, Smartphones, Mobile Hotspots, USB Dongles, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-4586
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 1
  • No. Of Pages: 197
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The LTE chipset market size was valued at USD 1.29 billion in 2020 and is expected to expand at a CAGR of 69.1% during the forecast period, from 2021 to 2028. Technological advancements in IEEE protocols are major driver of the market.

LTE Chipset Market Key Takeaways

Emergence of several chipset solutions has led to the evolution of network delivering pervasive connectivity from voice to data centric networks. LTE chipsets offer a wireless communication standard for high speed data transfer. They enhance the capacity per site and minimize the cost per GB, which is anticipated to properly the market during the forecast period.

LTE chipset solution includes a high performance processor, baseband, a transfer sewer, and an array of peripherals for multimedia and connectivity system. LTE chipset solutions are ideal for devices such as tablets, smartphones, mobile Hotspots, USB dongles, and ultra-books. The demand for LTE chipset is projected to rise due to increasing need for high data transfer speed, mobility, and enhanced applications. Commercially available LTE chips have accomplished field trials, IOT testing, and certification from tier one manufacturer companies globally.

Market dynamics:

  • Rising demand for high-speed internet and large network coverage for several applications such as autonomous driving, multi-user gaming, distance learning, video conferencing, telemedicine, and live streaming is expected to propel the market.
  • Increasing demand for mobile broadband connection, high-speed data transfer, information processing is driving the use of LTE technology.
  • LTE chipset enhances mobile network performance abilities and reduces the gap between poor to minimal network coverage and data connectivity that persists in current network generations.
  • Growing demand for high speed has a massive impact on machine to machine and IOT.
  • Network capacity is incapable of handling M2M, human-based communication, and different communication patterns such as latency time.
  • M2M communication is expected to drive the LTE chipset market.
  • High cost of LTE chipset for mobile devices and increasing price of smartphone devices impedes the market.
  • Increasing adoption of technology and artificial intelligence in the coming years is likely to create opportunities in the market. In
  • Rise in the demand for IOT platforms is projected to create lucrative opportunities in the IOT LTE chipsets industry.

Impact of Covid-1

The covid-19 pandemic has had an adverse effect on the LTE chipset manufacturing facilities in Asia Pacific. The manufacturing units have temporarily shut, leading to a significant demand and supply gap.

Scope of the report:

The report on the global LTE chipset market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

LTE Chipset Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Component (Hardware [Discrete Cellular Modem, Mobile Processor/Platform, and 3GPP IoT Chipset], Software, and Services), Product Technology (LTE-advanced, LTE-TD, and LTE-FDD), Applications (Tablets, Smartphones, Mobile Hotspots, USB Dongles, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, Divers, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Qualcomm, Huawei Technology Co. Ltd., Intel Corporation, Altair Semiconductors (Sony Corporation), Innofidei, Leadcore Technology Co. Ltd. (LEADCORE), MediaTek Inc., Renesas Electric Corporation, Samsung, SEQUANS, GCT Semiconductor, Inc., and Nordic Semiconductor

Segment Insights:

On the basis of component, the market is segmented into hardware, software, and services. The hardware segment further divided into discrete cellular modem, mobile processor, 3GP IoT chipset. The mobile processor segment is expected to hold a major share of the market during the forecast period due to the increase in the number of smartphone users, adoption of new technologies, and high demand for mobile processor.

LTE Chipset Market By Components

Based on product technology, the LTE chipset market is segregated into LTE Advanced, LTE-TD, and LTE- FDD. The LTE advanced segment holds a key share of the market due to its features and efficiency. The LTE FDD segment is estimated to expand at a high CAGR during the forecast period.

In terms of end-users, the market is classified as tablets, smartphones, mobile Hotspots, and USB dongles. The smartphones segment is projected to account for a key share of the market during the forecast period due to the increase in the number of smartphone users and rapid adoption of new technologies.
On the basis of regions, the global LTE chipset market is fragmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the market and is expected to account for a dominant share of the market during the forecast period. This region is led by the US followed, which accounts for a share of the regional market due to the presence of wireless network infrastructure and strong demand for low cost, performance LTE chipsets from IoT application.

The market in Asia Pacific is projected to expand at a high CAGR during the forecast period due to the high number of mobile subscriber in the region. China dominates the market in Asia Pacific with a share of 41% in 2020. Presence of key players in Asia Pacific such as Marvell Technology, Inc., HUAWEI TECHNOLOGIES INDIA PRIVATE LIMITED, Renesas Electronics Corporation, and SAMSUNG fuels the market in the region.

Segments

By Components
  • Hardware
  • Discrete Cellular Modem
  • Mobile Processor/Platform
  • 3GPP IoT Chipset
  • Software
  • Services
By Product Technology
  • LTE-Advanced
  • LTE-TD
  • LTE-FDD
  • By Applications
  • Tablets
  • Smartphones
  • Mobile Hotspots
  • USB Dongles
  • Others
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
By Key Players
  • Qualcomm
  • Huawei Technology Co. Ltd
  • Intel Corporation
  • Altair Semiconductors (Sony Corporation)
  • Innofidei
  • Leadcore Technology Co. Ltd. (LEADCORE)
  • MediaTek Inc
  • Renesas Electric Corporation
  • Samsung
  • SEQUANS
  • GCT Semiconductor, Inc
  • Nordic Semiconductor

Competitive Landscape

Key players in the LTE chipset market include Qualcomm, Huawei Technology Co. Ltd., Intel Corporation, Altair Semiconductors (Sony Corporation), Innofidei, Leadcore Technology Co. Ltd. (LEADCORE), MediaTek Inc., Renesas Electric Corporation, Samsung, SEQUANS, GCT Semiconductor, Inc., and Nordic Semiconductor. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

LTE Chipset Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LTE Chipset Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. LTE Chipset Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. LTE Chipset Market - Supply Chain
  4.5. Global LTE Chipset Market Forecast
     4.5.1. LTE Chipset Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. LTE Chipset Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. LTE Chipset Market Absolute $ Opportunity
5. Global LTE Chipset Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. LTE Chipset Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global LTE Chipset Demand Share Forecast, 2019-2026
6. North America LTE Chipset Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America LTE Chipset Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America LTE Chipset Demand Share Forecast, 2019-2026
7. Latin America LTE Chipset Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America LTE Chipset Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America LTE Chipset Demand Share Forecast, 2019-2026
8. Europe LTE Chipset Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe LTE Chipset Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe LTE Chipset Demand Share Forecast, 2019-2026
9. Asia Pacific LTE Chipset Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific LTE Chipset Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific LTE Chipset Demand Share Forecast, 2019-2026
10. Middle East & Africa LTE Chipset Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa LTE Chipset Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa LTE Chipset Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global LTE Chipset Market: Market Share Analysis
  11.2. LTE Chipset Distributors and Customers
  11.3. LTE Chipset Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Qualcomm Huawei Technology Co. Ltd Intel Corporation Altair Semiconductors (Sony Corporation) Innofidei Leadcore Technology Co. Ltd. (LEADCORE)  
By Components
  • Hardware
  • Discrete Cellular Modem
  • Mobile Processor/Platform
  • 3GPP IoT Chipset
  • Software
  • Services
By Product Technology
  • LTE-Advanced
  • LTE-TD
  • LTE-FDD
  • By Applications
  • Tablets
  • Smartphones
  • Mobile Hotspots
  • USB Dongles
  • Others
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
By Key Players
  • Qualcomm
  • Huawei Technology Co. Ltd
  • Intel Corporation
  • Altair Semiconductors (Sony Corporation)
  • Innofidei
  • Leadcore Technology Co. Ltd. (LEADCORE)
  • MediaTek Inc
  • Renesas Electric Corporation
  • Samsung
  • SEQUANS
  • GCT Semiconductor, Inc
  • Nordic Semiconductor

Key players in the LTE chipset market include Qualcomm, Huawei Technology Co. Ltd., Intel Corporation, Altair Semiconductors (Sony Corporation), Innofidei, Leadcore Technology Co. Ltd. (LEADCORE), MediaTek Inc., Renesas Electric Corporation, Samsung, SEQUANS, GCT Semiconductor, Inc., and Nordic Semiconductor. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

LTE Chipset Market By Key Players

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