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The global cellular baseband market grew 23.3% to $8.15 billion in Q3 2021, a new all-time record for the market. An increased mix of 5G helped the baseband market post 32% growth in average selling prices (ASP).
Source: https://news.strategyanalytics.com/press-releases/press-release-details/2022/5G-Basebands-Capture-70-Percent-Revenue-Share-in-Q3-2021-Says-Strategy-Analytics/default.aspx
