Cellular Modem Chipset Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 9.2 Billion by 2033 at a CAGR of 8.7% from 2026 to 2033.
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The global Cellular Modem Chipset Market was valued at approximately USD 17.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030. This growth is driven by rising demand for high speed mobile internet, expansion of 5G network infrastructure, and the proliferation of smart devices. Chipsets supporting LTE and 5G are rapidly replacing older generation modems, especially in consumer electronics and automotive applications. As mobile data traffic continues to surge, modem chipsets are playing a vital role in enabling faster data throughput and lower latency. Additionally, the integration of modem chipsets in IoT modules and edge devices is opening new avenues for high performance connectivity in industrial automation and smart city frameworks.
Regionally, Asia Pacific held the largest share of the Cellular Modem Chipset Market in 2022, accounting for over 42% of the global revenue. This dominance is attributed to massive smartphone production, extensive 5G rollout, and government backed digitization efforts in countries like China, South Korea, and India. North America followed closely with robust demand from telecom providers and automotive manufacturers adopting embedded cellular modules. Europe is witnessing steady growth supported by enterprise 5G initiatives and connected infrastructure deployment. Meanwhile, emerging markets in Latin America and the Middle East & Africa present lucrative growth opportunities due to increasing mobile penetration, rising consumer spending on smart devices, and expanding telecom coverage. These dynamics suggest strong regional diversification and evolving demand patterns shaping the future of the Cellular Modem Chipset Market.
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ASR Microelectronics
EigenComm
GCT Semiconductor
HiSilicon
Intel
MediaTek/Airoha
Nordic Semiconductor
Nurlink
Qualcomm
Realtek (Realsil)
UNISOC
Semtech
Sequans Communications
Sanechips (ZTE Microelectronics)
Sony Semiconductor (Altair Semiconductor)
Xinyi Information Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cellular Modem Chipset Market
2G
3G
4G LTE
5G
NB-IoT (Narrowband Internet of Things)
Consumer Electronics
Automotive
Industrial IoT
Healthcare
Smart Cities and Infrastructure
Embedded Modems
External Modems
Module-based Solutions
Telecommunications Industry
Original Equipment Manufacturers (OEMs)
Network Service Providers
Retail Sector
Sub-1 GHz
1 GHz - 2 GHz
2 GHz - 3 GHz
Above 3 GHz
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cellular Modem Chipset Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cellular Modem Chipset Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cellular Modem Chipset Market, By Type
6. Global Cellular Modem Chipset Market, By Application
7. Global Cellular Modem Chipset Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cellular Modem Chipset Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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