The global Wi-Fi chipset market size is expected to be worth USD 21.58 Billion in 2023. It is expected to grow at a CAGR of 3.5% during the forecast period and reach a value of USD 25.63 Billion by 2028.
Wireless chipsets are the pieces of internal hardware that are designed to allow a device to communicate with another wireless-enabled device. These types of chipsets can be found inside computers as well as other wireless products. The wireless chipsets that are used to provide wireless high-speed Internet and network connections are Wi-Fi chipsets.
MARKET DRIVERS:
Factors such as the rapidly growing IT sector and a surge in demand for mobile phones worldwide are driving the growth of the Wi-Fi chipset market. The developments in the microelectronic and software sector are playing a pivotal role in significantly enhancing the functionality and scalability of real-time embedded systems and are anticipated to bolster the growth of the global Wi-Fi chipset market growth. Additionally, the escalation of smart devices like personal computers and tablets further boosted the market demand during the forecast period. However, the lack of infrastructure and technical complexities are interrupting services & connectivity, which is hampering the growth of the Wi-Fi chipset market around the world. The proliferation of these smartphones is further anticipated to drive the mobile LTE chipset market growth in the semiconductor industry, concreting the way for rapid penetration of LTE technology in consumer electronics.
Because of the high penetration of smartphones and mobile devices around the world, this Wi-Fi technology has experienced a surge in its usage which is turning into a major driving factor for the growth of the Global Wi-Fi Chipset Market. Moreover, with the growing developments of smart cities with public Wi-Fi networks, governments across the globe are supporting various service sectors such as education and healthcare bolstering the target market over the forecast period. Also, the increased usage of Wi-Fi in homes, offices, and public places is increasing the sales of these Wi-Fi chipsets.
MARKET RESTRAINTS:
However, the lack of infrastructure and technical complexities that are interrupting services & connectivity are the factors that are hindering the market expansion globally.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
3.5% |
Segments Covered |
By Type, IEEE standards, Band Outlook, Configuration, & Region |
Various Analyses Covered |
Global, Regional, and country-level analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This research report on the global Wi-Fi chipset market has been segmented and sub-segmented into the following categories.
Global Wi-Fi Chipset Market – By Type of Product:
Of these, smartphones account for a leading portion of the global business due to the increasing sales across the planet and the rise in consumer interest in advanced gadgets.
Global Wi-Fi Chipset Market – By Outlook of IEEE Standards:
Global Wi-Fi Chipset Market – By Band Outlook of these Chipsets:
Global Wi-Fi Chipset Market – By Configuration Outlook of MIMO:
Global Wi-Fi Chipset Market – By Region:
In the regional analysis of the global Wi-Fi chipset market, the Asia Pacific region accounts for the highest share in terms of revenue and is likely to continue the same over the forecast period. The growth of the target market in this region is attributed to the rising demand for smartphones and tablets with integrated Wi-Fi technology in emerging economies such as China and India. The factor that is bolstering the need for these chipsets in this area is the availability of public Wi-Fi hotspot connectivity in the local countries. Further, growth in the usage of Wi-Fi technology in healthcare, retail, and manufacturing in the Asia Pacific region has contributed to business growth and has dominated the global market.
KEY MARKET PLAYERS:
Some of the key players of the Global Wi-Fi Chipset Market include Qualcomm Technologies Inc. (US), Mediatek Inc. (Taiwan), Intel Corporation (US), STMicroelectronics NV (Switzerland), Cypress Semiconductor Corporation (US), Taiwan Semiconductor Manufacturing Co Ltd (Taiwan), Global Foundries (US), Broadcom Inc. (US), Marvell Technology Group Ltd (Bermuda), On Semiconductor (Quantenna Communications Inc.) (US), Peraso Technologies, Inc. (Canada), Texas Instruments Inc. (US), Samsung Electronics Co Ltd. (South Korea) and United Microelectronics Corporation (Taiwan).
RECENT HAPPENINGS IN THE MARKET:
FAQ's
Challenges include interoperability issues, security concerns, spectrum congestion, and the need for backward compatibility. Market players face the challenge of keeping up with evolving standards and technologies.
Key features include data transfer speed, frequency bands (2.4GHz and 5GHz), multiple-input and multiple-output (MIMO) technology, security protocols (WPA3, WPA2), and compatibility with different Wi-Fi standards (802.11ac, 802.11ax).
Wi-Fi chipsets play a crucial role in connecting IoT devices to wireless networks, facilitating communication and data exchange. They enable smart homes, industrial automation, healthcare applications, and other IoT use cases by providing reliable, high-speed wireless connectivity.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]