What you need to know
- MediaTek reportedly held 43% of the smartphone SoC market in Q2 2021.
- Qualcomm's market share stood at 24%.
- The global smartphone AP (Application Processor) grew 31% YoY in the April to June quarter.
Data from the market research firm reveals the Taiwanese chipmaker held a 43% share of the market in the April to June quarter, thanks to a growth in shipments of low-end 5G chips. Unlike Qualcomm, MediaTek didn't have any major supply constraints either.
Qualcomm's market share stood at just 24%, mainly due to "component supply constraint and lower yields at the foundry." During the same period last year, Qualcomm led the market with a market share of 28%. MediaTek was just behind Qualcomm with a 26% share. Since the company has realigned its component sourcing strategy, its chip shipments are expected to increase significantly in the coming quarters.
While it couldn't compete with MediaTek in the low-end segment, Qualcomm dominated 5G baseband modem shipments with a 55% share of the global market. However, it remains to be seen if Qualcomm can reclaim the title of the world's largest smartphone SoC vendor from MediaTek.
Although there's no doubt that Qualcomm has a clear advantage when it comes to flagship mobile chipsets, MediaTek's low-end and mid-range chips are much more competitive.
The global smartphone SoC market registered an impressive 31% YoY growth in Q2 2021, thanks to the growing popularity of 5G phones. Counterpoint says 5G smartphone shipments grew almost four times compared to Q2 2020.