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“The industry is rapidly adopting single mode LTE as the de-facto technology for implementing the ‘Internet of Things’, replacing 3G+4G functionality in devices with 4G-only capabilities,” said Eran Eshed, Co-Founder and VP Marketing of Altair.
Research firm Wireless 20/20 says unencumbered by the IPR, semiconductor and BOM costs associated with 2G/3G technologies, single mode LTE chipsets are able to reach price points not possible by 2G/3G/4G multi-mode solutions. This provides incentives for service providers and equipment vendors to embed LTE in devices otherwise not possible with multi-mode solutions.
Meanwhile, Strategy Analytics says Qualcomm is leading the cellular baseband processor market with 52 percent revenue share in 2012.
Driven by 4G / LTE, the global cellular baseband processor market registered 18 percent year-on-year growth to reach $17.8 billion.
Besides Qualcomm, the other top cellular baseband processor suppliers include MediaTek, Intel, Broadcom and ST-Ericsson.