Cellular Baseband Forecast 2025 - 2030: Tariff Uncertainty and Low Expected Growth

See how baseband and radio chipset shipments rebound through 2030, led by M2M and 5G REDCAP growth.

Cellular baseband and radio chipset unit shipments grew 11.5% from 2023 to 2024 as the post-COVID recovery continued. TechInsights expects a decline in shipments of 4.7% year-on- year in 2025, a result of tariffs and business uncertainty. From 2025 to 2030, unit shipments will grow about 4% per year, most of this from M2M and cellular IoT including 5G REDCAP devices. This report recapitulates our past four Quarterly Baseband Model reports and extrapolates trends in system architectures, chip shipments and market share five years into the future.