Despite the COVID-19 pandemic, the global market for radio frequency processors or baseband processors – the key chips that power electronic devices on cellular networks – has grown strongly in the past year. Growth was at an all-time high, according to market research firm Strategy Analytics. Having increased by 25% compared to 2019, the market reached $ 26.8 billion.
Analysts point out that the growth is largely driven by increased shipments of 5G-enabled models. Suffice it to say that, compared to 2019, revenue in this segment has grown more than eightfold.
The leader is Qualcomm. In 2020, she alone occupied 43% of the market. Qualcomm is followed by HiSilicon and MediaTek, each with 18% shares. The top five also include Samsung LSI and Intel. Analysts expect a new entrant to the competition in the coming years – Apple, which recently acquired a related division from Intel.
Altair Semiconductor (owned by Sony since 2016), Nordic Semiconductor and Sequans in the IoT niche also saw significant sales growth in 2020.
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