BOSTON--(BUSINESS WIRE)--The global cellular baseband market posted a solid double-digit shipment and revenue growth on the strength of 5G in Q1 2021, according to Strategy Analytics.
According to Strategy Analytics' research, the baseband market grew 27 percent year-on-year to $7.4 billion in Q1 2021. The Strategy Analytics' Handset Component Technologies (HCT) research report "Baseband Market Share Tracker Q1 2021: 5G Shipments Tripled" estimates Qualcomm, MediaTek, Samsung LSI, Intel and Unisoc captured the top-five cellular baseband revenue share spots in Q1 2021.
- Qualcomm led the baseband market with a 53 percent revenue share in Q1 2021, followed by MediaTek with 25 percent and Samsung LSI with 10 percent.
- Despite foundry capacity constraints, 5G basebands grew three-fold and drove the baseband shipment and revenue growth in Q1 2021.
Sravan Kundojjala, author of the report and Associate Director of Handset Component Technologies service at Strategy Analytics, commented, "Qualcomm increased its 5G baseband unit share to 70 percent in Q1 2021, driven by Apple iPhone 12 design-wins and Android 5G momentum. Qualcomm's new 5 nm-based Snapdragon 888 5G applications processor off to a strong start and featured in popular flagship devices. Qualcomm benefited from HiSilicon's retrenchment due to trade sanctions and gained 5G market share. For the first time in four years, HiSilicon dropped out of the top-five baseband revenue share rankings. Strategy Analytics believes that Qualcomm is well-situated to grow its 5G baseband shipments with the help of its multi-tier portfolio."
According to Christopher Taylor, Director of the Strategy Analytics RF & Wireless Components service, added, "MediaTek established itself as the strong number two to Qualcomm in the 5G baseband market in Q1 2021 with its Dimensity-branded 5G chips. MediaTek's baseband revenue grew 162 percent year-on-year in Q1 2021, driven by 5G and 4G share gains. Strategy Analytics believes that MediaTek's 5G momentum will continue through 2021, driven by expansion beyond China."
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Source: Strategy Analytics, Inc.
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