Global Mobile Chipset Market to Hit $117.62 Billion by 2034 as 5G and AI Lift Demand
Updated
Updated · Straits Research · Aug 24
Global Mobile Chipset Market to Hit $117.62 Billion by 2034 as 5G and AI Lift Demand
1 articles · Updated · Straits Research · Aug 24
Summary
$117.62 billion is the projected size of the global mobile chipset market by 2034, up from $71.55 billion in 2026, implying a 6.41% annual growth rate.
5G smartphone adoption, on-device AI features, premium handset upgrades and mobile gaming are driving demand for more powerful integrated processors across phones and connected devices.
Smartphone chipsets remain the market’s core segment, while AI-enabled mobile chipsets are forecast to grow faster at an 8.12% CAGR and wearable and IoT chipsets at 8.45%.
Asia Pacific held the largest regional share at 45.26% in 2025, while North America is expected to post the fastest growth at a 6.85% CAGR.
Growth still faces constraints from advanced-node foundry dependence, ARM licensing costs, supply-chain disruptions and the engineering complexity of chiplet-based designs.
As on-device AI drives a $117 billion chipset boom, will rising sub-5nm costs make premium smartphones unaffordable for average consumers?
Could the aggressive shift to advanced chiplet designs and localized AI inadvertently trigger a new wave of global semiconductor supply chain bottlenecks?
With ARM currently dominating mobile chips, can the sudden surge in RISC-V investments truly shatter its licensing monopoly by 2034?