4G Smart Device Chip Market Size, Share, Growth, and Industry Analysis, By Type (Smartphone Chip and Tablet computer Chip), By Application (Personal Use and Commercial Use), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

4G Smart Device Chip Market REPORT OVERVIEW

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The global 4G smart device chip market size was USD 29278.71 million in 2021 and is projected to touch USD 52419.98 million by 2027, at CAGR of 10.19% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

4G smart device chips are usually a group of non-lean chip because of the size of the 4G LTE module is huge (relatively, at least). Although it looks like things are changing because world's thinnest 4G LTE module has launched soon. The 4G smart device chip market growth is highly reliant on the growth of mobile communication market globally.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 problem has had an impact on the global economy, causing a strict lockdown and a halt to day-to-day activities in every industry. With the limits imposed by the government, the panic scenario has had a negative influence on the industries. there is significant growth in work from home, subsequently driving the sales of Wi-Fi routers, modems and so on, to serve mobile broadband wireless access applications This has resulted in a rapid market growth; there was a direct and indirect impact from numerous sectors producing 4G Smart Device Chip, which will project a proposed increase in the 4G smart device chip market share in the forecasted period.

LATEST TRENDS

"Accelerated 4G Network Expansion Driving Growth in the Market "

The acceleration in 4G network expansion, driven by the increasing demand for high-speed mobile connectivity, has a direct effect on the growth of the 4G smart device chip market. As telecommunication companies worldwide invest in expanding and enhancing their 4G infrastructure to meet the growing data and connectivity needs of consumers and businesses, there is a corresponding demand for advanced smart device chips capable of supporting these networks efficiently. This trend is fueling the development and adoption of 4G-compatible chips, such as LTE modems and processors, in a wide range of smart devices, including smartphones, tablets, and IoT devices. As a result, the market is experiencing significant growth as it aligns with the expanding 4G network coverage and user requirements for faster, more reliable connectivity.

4G Smart Device Chip Market SEGMENTATION

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• By Type

Based on Type market is divided as Smartphone Chip and Tablet computer Chip.

•  By application

Based on application market is classified as Personal Use and Commercial Use.

DRIVING FACTOR

" Growing Adoption of Smart or Wireless Devices Drives the"

Growing adoption of smart or wireless devices can be considered as a major factor driving the growth of 4G smart device chip market. Increasing penetration of consumers towards smartphones, smart watches, tablets and many more have been contributing towards the need for various chipsets capable of supporting high connectivity, low-latency and high bandwidth requirements. Trends such as growing health concerns and changing lifestyles have positively impacted the widespread adoption of smart and wireless devices, demanding faster network speeds. In October 2019, Vodacom announced about the launch of a 4G smart feature phone, named Vodacom Vibe 4G. This smart device was launched as a part of helping customers offering optimum social media surfing, instant messaging along with VOLTE support within an affordable range. In addition, its Voice over Wi-Fi capability also enables users in making calls using Wi-Fi networks, utilizing both voice as well as data simultaneously. Such advancements towards 4G smart devices requires the need for incorporating various chipset modules in order to provide network optimization and connectivity services, thus gaining it wide popularity across the businesses dealing with manufacturing smart wireless devices.

"Technological Advancements such as IoT, AI and Others Driving Market Growth"

Technological advancements such as IoT, AI and others is analysed to be one of the major driving factors impacting the growth of 4G smart device chips during the forecast period. Adoption of IoT, artificial intelligence (AI), and related advanced technologies across various end-use markets have been growing significantly overtime, which in turn drives the need for connected data through sensors, chips and so on. Leveraging 4G smart device chips with IoT, can help the end users towards eliminating the need for additional gateways while ensuring reliance on the existing communication infrastructures. In May 2021, Renesas Electronics Corporation had revealed about its launch of the first cellular IoT module with LTE Cat-M1 support. With this development, the company had revealed about this module being economical for connecting each device, particularly during installation of larger networks in need of low cost per unit. Moreover, this module will be solving issues related to designing and certification for the customers more efficiently, including RF regulatory certification, carrier certification as well as PTCRB/GCF certification for the customer’s network operator of choice. Such factors are set to further propel the need for these modules owing to rise of IoT based application areas in the long run.

RESTRAINNG FACTORS

"Global Semiconductor Shortages Impeding Market Growth"

The global semiconductor shortages serve as a major restraining factor in the 4G smart device chip market. These shortages are driven by a combination of factors, including disruptions in the semiconductor supply chain, increased demand for electronic devices during the COVID-19 pandemic, and geopolitical tensions affecting semiconductor production. As a result, there is a limited supply of critical components, including smart device chips, which has led to production delays and increased costs for manufacturers. This shortage affects the availability and pricing of 4G smart device chips, making it challenging for companies to meet the growing demand for devices with 4G capabilities. It also hinders the expansion and development of the market, as manufacturers face uncertainties in securing an adequate supply of essential semiconductor components.

4G Smart Device Chip Market REGIONAL INSIGHTS

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"Asia Pacific Expected to Dominate the Market due to Increasing Consumer Preferences"

Based on region, the global 4G smart device chip market is classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa, where Asia Pacific is dominating the global market and is expected to dominate during the forecast owing to the rapidly growing market with diverse consumer preferences and tech adoption rates. Regions increasing investments in research and development (R&D) and manufacturing capabilities and Strong focus on mobile technology and e-commerce.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is extremely competitive and consists of various global and regional players. Global market is majorly driven by the top manufacturers, which holds higher share of the market. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of market players Profiled

• Xiaomi (China)
• Apple (U.S.)
• LG (South Korea)
• Lenovo (U.S.)
• PIPO (China)
• MediaTek (Taiwan)
• Chuwi (China)
• Spreadtrum (China)
• Huawei (China)
• Marvell (U.S.)
• Samsung (South Korea)
• SONY (Japan)
• Microsoft (U.S.)
• ZTE (China)
• Intel (U.S.)
• HiSilicon (China)
• ASUSTeKn (Taiwan)
• Leadcore (China)
• Qualcomm (U.S.)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.