Wireless communication chipsets market is estimated to occupy a sizeable amount of revenue by growing at a robust CAGR during the forecast period, i.e., 2023 – 2035, owing to the rising demand for smart devices, such as laptops, smartphones and tablets, across the globe. Apart from these, growing technological advancements in the microelectronic and software sector to improve the functionality and scalability of real-time embedded systems, and rapidly expanding IT sector are also expected to bolster the market growth in the forthcoming years.
Research Nester published a report titled “Wireless Communication Chipsets Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global wireless communication chipsets market in terms of market segmentation by IEEE standard, end user, and by region.
Market Statistics
- USD 110 billion revenue in 2022
- Record USD 155 billion revenue by 2035
- The market size slated to observe 20% growth rate through 2023-2035
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Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The market is segmented by IEEE standard and end user. Based on IEEE standard, the 802.11ax segment is anticipated to gather the largest share during the forecast period on the back of high spectral efficiency and speed of this standard as compared to other standards. Additionally, by end user, the consumer segment is projected to grab the largest share over the forecast period attributing to the rising penetration of consumer devices, mainly smartphones, around the world.
Geographically, the global wireless communication chipsets market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the early adoption of advanced technology, and strong presence of prominent market players in the region. Moreover, the market in Asia Pacific is assessed to grow by a noteworthy rate in the future owing to the escalating penetration of internet, and surging developments in the IT sector of the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
According to recent study by Research Nester, the Wireless Communication Chipsets Market size is anticipated to surpass USD 155 Bn by 2035 and is projected to expand at CAGR of over 20% from 2023 to 2035.
Major players include in the Wireless Communication Chipsets Market:
- Intel Corporation
- Freescale Semiconductor Inc.
- GCT Semiconductor Inc.
- GainSpan Corporation
- Broadcom Corporation
- Atmel Corporation
- Greenpeak Technologies Ltd.
- Altair Semiconductor, Inc
- , Ammimon Ltd.
- Texas Instruments, Inc.
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The detailed segments and sub-segment of the market are explained below:
By End User
Consumer
Smart Home
AR/VR
Networking Devices
By IEEE Standard
802.11be
802.11ax
802.11ac
Rising Demand for Portable Smart Devices Across the Globe to Drive Market Growth
More than 6 billion people worldwide used smartphones in 2020, which increased up to 6.4 billion in the year 2021. This number is estimated to reach about 7.3 billion users by 2025.
Since the last two decades, the demand for smartphones globally has witnessed a notable surge. The enormous growth of the usage of these devices will also require higher data throughput and bandwidth, along with broader coverage. This in turn is predicted to give rise to the increase in sales of wireless communication chipsets in the near future.
However, expensive manufacturing of complex embedded systems is expected to operate as key restraint to the growth of the global wireless communication chipsets market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global wireless communication chipsets market which includes company profiling of Intel Corporation, Freescale Semiconductor Inc., GCT Semiconductor Inc., GainSpan Corporation, Broadcom Corporation, Atmel Corporation, Greenpeak Technologies Ltd., Altair Semiconductor, Inc., Ammimon Ltd., Texas Instruments, Inc., and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global wireless communication chipsets market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Wireless Communication MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Wireless Communication Market.
The growth sectors of the Wireless Communication Market are identified with precision for a better growth perspective.Wireless data communication is is a form of communication which utilizes radio spectrum, infrared, satellite, etc., to transmit data.
Market Research Future (MRFR) has recently published an in-depth report on the global wireless data communication market and has predicted the market to catapult to USD 1867.8 Mn by the end of 2023 from USD 794.6 Mn in 2018.
Steep rise in the usage of various devices such as computers, laptops, mobile phones, tablets, and others for business as well as personal use is key to the growth of the market.
The emerging economies of the globe are investing heavily on the development of their network or wireless infrastructure which too is fostering the market growth.
WiMax is capable of serving across a wider geographical area as compared to Wi-Fi and offers extended mobility, range, and higher speed data applications.On the other hand, high equipment cost and cost intensive setup procedures is likely to restrain the growth of the market.SegmentationThe global wireless data communication market has been segmented based on component, technology, type, application, and vertical.By component, the wireless data communication market has been segmented into hardware and services.
