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Qualcomm Incorporated is a major player in the market and is renowned for its contributions to the development of wireless communication technologies. Qualcomm is a leading provider of mobile chipsets, including systems-on-chip (SoCs) that integrate cellular modems. Their Snapdragon series of processors often feature integrated modems, providing connectivity solutions for a wide range of mobile devices, including smartphones and tablets. Qualcomm's Snapdragon modem technologies are widely adopted in the mobile industry. They have played a pivotal role in the evolution from 3G to 4G LTE and now to 5G. Qualcomm's modems are known for their performance, efficiency, and support for advanced features such as carrier aggregation, MIMO (Multiple Input, Multiple Output), and mmWave technology in 5G. The other major players operating in the cellular modem industry include:
The embedded modems segment dominated the market with a share of over 45% in 2022 and is estimated to reach over USD 7 million by 2032 owing to their compact design, energy efficiency, and the increasing demand for connected devices.
Asia Pacific cellular modem industry share was over 34% in 2022 and will grow significantly through 2032 owing to the region
Qualcomm Incorporated, Intel Corporation, MediaTek Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., Sierra Wireless, Inc., and Fibocom Wireless Inc.
The global market size for cellular modem was valued at USD over 4.5 billion in 2022 and is estimated to register over 12.5% CAGR between 2023 and 2032 as the global proliferation of 5G technology continues to stimulate demand for high-speed and low-latency connectivity.