Smartphone Envelope Tracker IC Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, South Korea, Germany - Size and Forecast 2024-2028

Smartphone Envelope Tracker IC Market 2024-2028 :

The Smartphone Envelope Tracker IC Market size is projected to increase by USD 846.72 million with a growth at a CAGR of 11.5% between 2023 and 2028. The growth rate of the market depends on several factors, including the growing adoption of premium-range smartphones, increasing internet penetration and the growing implementation of home automation. An effective way to make sure the power amplifier is running at maximum efficiency is to use a technique called smartphone envelope tracking. Because envelope-tracking chipsets increase power amplifier efficiency, mobile devices have better heat dissipation and longer battery life.

The report includes a comprehensive outlook on the smartphone envelope tracker IC market offering market forecasts for the industry segmented by Price Range, which comprises premium range, medium range, and low range. Additionally, it categorizes Application into android system smartphone and an iOS smartphone and covers Region including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the size of the Smartphone Envelope Tracker IC Market During the Forecast Period?

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Smartphone Envelope Tracker IC Market Overview

Smartphone Envelope Tracker IC Market  Driver

The growing implementation of home automation is notably driving the market growth. Home automation involves the integration of numerous wireless communication technologies, which allow several devices within a home to be interconnected. Further, the market for smart homes is increasing because it makes work easy, and as it is connected to smartphones, the user can be notified easily. As connected smartphones have to be active to provide notifications at any time, therefore their batteries can be drained easily. Because of the fast drainage of the smartphone battery, the user will not be able to get updates about smart home devices.

Consequently, smartphone manufacturers are collaborating with manufacturers of envelope tracker ICs to integrate envelope tracker ICs into their smartphones. Thus, the market for envelope tracker ICs is growing due to the growing demand for home automation. These factors will propel the growth of the global smartphone envelope tracker IC market during the forecast period.

Smartphone Envelope Tracker IC Market Trends

Increasing investment in 5G is an emerging trend shaping the market growth. The growing inclination of cellular network vendors and mobile device manufacturers toward deploying 5G will be one of the most significant market growth drivers. 5G will also allow faster streaming of data and interconnection among different devices, machines, and equipment, thereby fueling the growth of IoT. Future smartphones will need an envelope tracker ICs chip to obtain adequate power efficiency and be able to provide 5G functionality, besides providing acceptable battery life for end-users. Qualcomm Technologies Inc., for example, unveiled its next generation of Qualcomm RF Front End (RFFE) solutions for high-performance 5G mobile devices in February 2021.

However, the solutions bring together modem, RF transceiver, RF front-end components with AI assistance, and mmWave antenna modules to enable OEMs to design premium 5G devices. The solutions are designed to support advanced performance and power-efficiency capabilities in the recently announced Qualcomm Snapdragon X65 and X62 5G Modem-RF Systems. Such developments and investments by prominent envelope tracker chipset manufacturers such as Qualcomm Technologies will drive the growth of the global smartphone envelope tracker ICs market during the forecast period.

Smartphone Envelope Tracker IC Market Restrain

The increasing complexity of IC design is an emerging trend shaping the market growth.  Initially, power management technologies were integrated within processors. Constant upgrades in different technologies have resulted in the demand for better-suited internal components. This will result in a need for better and highly efficient power management ICs. For example, let US consider the proliferation of IoT devices. Several devices are being connected through IoT, which will increase the consumption of power. IC design complexity will further increase, as these envelope trackers need to be designed to support higher voltages. Given the short lifespan of technologies today, dedicating resources is expensive in terms of resource utilization. Precision in terms of the right amount of performance, power, and price requires vendors to have dedicated resources, which is a hefty investment. These factors will limit the growth during the Market forecasting period.

Smartphone Envelope Tracker IC Market Segmentation By Price Range

The market share growth by the premium range segment will be significant during the forecast period. Premium range smartphones are defined as smartphones priced above USD 400. Premium range smartphones are presumed to be integrated with high-functionality ICs capable of performing high-bandwidth applications. Premium-range smartphones are supposed to be integrated with advanced technologies such as artificial intelligence (AI), gesture recognition, haptics, facial recognition, and voice recognition, among others.

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The premium range segment was the largest and was valued at USD 527.20 million in 2018. The integration of AI chips in smartphones is directed at adding a faster CPU and more cores to the chip. An AI chip is a class of microprocessors that accelerate artificial neural networks, machine vision, and other learning algorithms for robotics. Smartphone vendors are integrating AI chips into their smartphones. For instance, Apple's A16 Bionic System-On-Chip (SoC) has an iPhone 15. It has two high-performance cores, which are 25% faster than the Apple A15. The A15 chip has an embedded AI  unit that Apple calls a Neural Engine. To access these applications, these smartphones are integrated with advanced power management ICs. The majority of the premium smartphones, such as the iPhone and Samsung Galaxy flagships smartphones, are integrated with envelope tracker ICs. These factors will accelerate the premium segment of the global smartphone envelope tracker IC market during the forecast period.

Smartphone Envelope Tracker IC Market Segmentation By Application

The demand for Envelope Tracker ICs in the smartphone market has been significantly shaped by the Android operating system, which is widely used in smartphones worldwide. Envelope Tracker ICs are used by Android system smartphones, which are well-known for their wide range of applications, to improve radio frequency (RF) performance and power efficiency. Envelope Tracker IC demand is increasing as Android smartphones continue to advance and integrate cutting-edge features like 5G connectivity and high-speed data transmission. Because of their ability to optimize power delivery, they are essential to the rapidly growing global smartphone envelope tracker IC market, which is driven by the growing demand for energy-efficient components in smartphones. The prevalence of the Android ecosystem is driving this market trend, highlighting the significance of Envelope Tracker ICs in obtaining peak performance and energy economy in contemporary smartphones. Thus, such factors increase the demand for Android system smartphones, which, in turn, boosts the growth of the market during the forecast period.

Regional Overview

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APAC is estimated to contribute 74% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market growth and trends along with drivers that shape the market during the forecast period. This is because of the presence of several smartphone OEMs in the region, such as Huawei Technologies, Lenovo, HTC, OPPO, SAMSUNG, Xiaomi, and ZTE. The high quantity of raw materials, low establishment costs and labor costs, and business-friendly government policies have helped companies to launch their production centers in this region. Moreover, countries such as China, Taiwan, South Korea, and Japan are home to smartphone manufacturers that have a strong presence in the global smartphone envelope tracker IC market. Another crucial factor driving the growth of the smartphone envelope tracker ICs market in APAC is the increasing interest of consumers in the adoption of LTE (Long Term Evolution).

In addition, another crucial factor driving the growth of the envelope tracker ICs market is the increase in investment in deploying 5G. Chinese telecommunication operators are making increasing investments in deploying 5G. Many leading companies, such as China Mobile, China Telecom, and China Unicom, have extensively deployed 5G services. The increasing interest in 5G has encouraged smartphone manufacturers to develop smartphones that support 5G interoperability. Therefore, the increasing deployment of 5G will augment the demand for envelope tracker ICs, thereby supporting the growth of the market in APAC during the forecast period.

Smartphone Envelope Tracker IC Market Customer Landscape

Smartphone Envelope Tracker IC Market forecast includes the adoption lifecycle of the market research and market growth analysis, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their smartphone envelope tracker ic market growth, market trends and analysis and strategies.

Global Smartphone Envelope Tracker IC Market Customer Landscape

Who are the Major Smartphone Envelope Tracker IC Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Analog Devices Inc. - The company offers smartphone Envelope Tracker IC such as Envelope Detectors and Envelope Tracking in Power Amplifier bias control, Pulse Detection, Input Protection of Receivers, High-Power Amplifier Protection and LO Leakage correction of IQ Modulators.

Keysight Technologies Inc. - The company offers smartphone Envelope Tracker IC such as Keysight Envelope Tracking Simulation with ADS.

MediaTek Inc. - The company offers smartphone Envelope Tracker IC such as MediaTek Dimensity 9200 for 5G.

The Smartphone Envelope Tracker IC Market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 8 market companies, including:

• Nujira
• Qorvo Inc.
• Qualcomm Inc.
• Skyworks Solutions Inc.
• Texas Instruments Inc.

Smartphone Envelope Tracker IC market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The smartphone envelope tracker IC market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities along with market growth and forecasting from 2018 to 2028

• Price Range Outlook
  • Premium range
  • Medium range
  • Low range

• Application Outlook
  • Android system smartphone
  • iOS system smartphone

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Smartphone Envelope Tracker IC Market Scope
Report Coverage	Details
Page number	153
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 11.5%
Market growth 2024-2028	USD 846.72 million
Market structure	Concentrated
YoY growth 2023-2024(%)	11.0
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 74%
Key countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Analog Devices Inc., Keysight Technologies Inc., MediaTek Inc., Nujira, Qorvo Inc., Qualcomm Inc., Skyworks Solutions Inc., and Texas Instruments Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Smartphone Envelope Tracker IC Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies 

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