Semiconductors rather than standard conductors are used in mobile phones since room temperature and above, they conduct electricity much quicker.
Global Mobile Phone Semiconductor Market is valued at about USD 46 billion and is predicted to develop with a healthy growth rate of more than +7% of CAGR over the forecast period 2021-2028. The semiconductors that power wireless communication devices, like mobile phones, are experiencing a huge change. Currently, mobile application semiconductors function at 10-15% of a usual laptop computing power but maintain the gap is fast reducing as smartphones operate from mobile video to mobile games, and their energy consumption is notably below than a laptop by an element of 10-30 times, which may power the developing of the market in upcoming years.
Thus, with the emergence of 5G technology and governments consent for the carrying out of 5G technology, it allows smartphone users to turn from 4G an LTE supporting phones to 5G technology, which create a high request for mobile phone semiconductor across the globe.
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- Samsung Electronics
- Qualcomm Technologies, Inc.
- MediaTek Inc.
- NXP Semiconductors N.V.
- Broadcom Inc.
- Skyworks Solutions Inc.
- Intel Corporation
- Huawei Technologies Co. Ltd.
- Micron Technology Inc.
- Qorvo Inc.
For example, it has announced to invest about USD 49.6 million in trials and testbed predictions prior to widespread 5G rollout in the UK. Similarly, the agency accepted 65 additional trail 5G sites. Furthermore, the increase in penetration of smartphones in the world, along with the increasing adoption of smart technology in mobile phones are some factors responsible for the CAGR of the market throughout the forecast period.
As per the study, in India, mobile phone production was about USD 355 million units in the country. While as per Statista, the number of smartphone users in China was reached almost 885 billion with as many as 63% of the owners of the smartphone. This, in turn, is likely to power the demand for Mobile phone semiconductors, thereby contributing to the growth of the market in the world. Thus, the shortfall of knowledge of the technology for the development of green tire among makers is one of the main factors restraining the growth of the market throughout the forecast period of 2021-2028
The regional analysis of the Global Mobile Phone Semiconductor Market is considered for the major regions like Asia Pacific, North America, Europe, Latin America, and the rest of the world. Asia-Pacific is the leading region across the world in terms of market share owing to the increasing government support to execute 5G technology in smartphones, along with the wide availability of the market vendors in the region. Whereas Asia-Pacific is also predicted to exhibit the CAGR throughout the forecast period 2021-2028, because of the rise in the proliferation of smartphones and the internet across developing nations, like China and India.
By Component Type:-
- Mobile Processors
- Logic Chips
- North America
- South America
- Middle East and Africa
- Latin America
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