The Wi-Fi Chipset Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wi-Fi Chipset Global Market Report 2024, The wi-fi chipset market size has grown strongly in recent years. It will grow from $22.12 billion in 2023 to $23.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to proliferation of wireless devices, tech standard advancements, rise of wireless networking, smart home and iot growth.
The wi-fi chipset market size is expected to see strong growth in the next few years. It will grow to $29.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to wi-fi 6 and wi-fi 6e adoption, 5g integration and coexistence, iot and industry 4.0 expansion, remote work and distance learning, smart cities and public wi-fi. Major trends in the forecast period include 5g offloading and integration, improved beamforming and mimo, wi-fi 7 standard development, ai-driven network optimization, increased focus on security.
Increased adoption of smartphones is expected to propel the growth of the Wi-Fi chipset market going forward. A smartphone is a portable electronic gadget connecting to a cellular network. Wi-Fi chipsets in smartphones are utilized to enable wireless connectivity and provide various functionalities. Wi-Fi chipsets are integrated into smartphones to offer internet connectivity, faster data transfer, local area networking, and data offloading. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million smartphones in the UK, a 3.8% (or around 2.6 million) increase over 2021. Further, by 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Therefore, the increased adoption of smartphones is driving the growth of Wi-Fi chipset market.
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The wi-fi chipset market covered in this report is segmented –
1) By Product: Smartphones, Tablet, Personal Communication Services (PCS), Access Points, Other Products
2) By Band: Single-Band, Dual-Band, Tri-Band
3) By MIMO Configuration: SU-MIMO, MU-MIMO
4) By Technology Standard: Wi-Fi-802.11a, Wi-Fi-802.11b, Wi-Fi-802.11g, Wi-Fi-802.11n
5) By Application: Residential, Enterprise, Education, Government And Public Utilities, Other Applications
Technological advancements in chipset are the key trend gaining popularity in Wi-Fi chipset markets. Major companies operating in the Wi-Fi chipset market are developing technical products to sustain their position in the market. For instance, in May 2022, MediaTek Inc., a Taiwan-based semiconductor company, launched two Wi-Fi 7 chipsets called the Filogic 880 and Filogic 380. These innovative chipsets are designed for high-bandwidth applications in the operator, retail, enterprise, and consumer electronics markets. The Filogic 880 is designed for high-bandwidth applications such as home networking, enterprise networks, and retail Wi-Fi. It can support up to 36 Gbps of aggregate throughput, twice as fast as Wi-Fi 6. The Filogic 380 is designed for client devices such as smartphones, laptops, and tablets. It can support up to 9.6 Gbps of aggregate throughput, 2.7 times faster than Wi-Fi 6. Additionally, it includes such features as 6nm process technology and support for crucial Wi-Fi 7 technologies, including 4096-QAM, 320 MHz, MRU, and MLO. Up to 36 Gbps of aggregate throughput is available for the Filogic 880, and it benefits from faster speeds, better performance, and more reliable connections.
The wi-fi chipset market report table of contents includes:
1. Executive Summary
2. Wi-Fi Chipset Market Characteristics
3. Wi-Fi Chipset Market Trends And Strategies
4. Wi-Fi Chipset Market - Macro Economic Scenario
5. Global Wi-Fi Chipset Market Size and Growth
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31. Wi-Fi Chipset Market Other Major And Innovative Companies
32. Global Wi-Fi Chipset Market Competitive Benchmarking
33. Global Wi-Fi Chipset Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wi-Fi Chipset Market
35. Wi-Fi Chipset Market Future Outlook and Potential Analysis
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the wi-fi chipset market include Quantenna Communications, Inc., QUALCOMM, BROADCOM, Intel Corporation, Texas Instruments, STMicroelectronics N.V., Samsung Electronics Co., Ltd, Marvell Technology Group Ltd., Inc, Cypress Semiconductor Corporation, Mediatek, Peraso Technologies, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Wi-Fi Chipset Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/wi-fi-chipset-market/download-sampleMarket DynamicsIn practically every business, Wi-Fi has superseded wired internet access.
The massive increase in connected devices will necessitate higher data throughput and capacity and broader coverage, which will likely increase mobile network congestion over the years.
To address this issue and positively impact the dynamic telecom environment, communication service providers and network operators are projected to implement Wi-Fi hotspot solutions in substantial numbers in the future years.
The rising utilization of Wi-Fi across varied enterprises and businesses and its several advantages is likely to augment the market's growth.
Research Nester has released a report titled “Wi-Fi Chipset Market – Global Demand Analysis & Opportunity Outlook 2027” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.Advancements in communication technology have grown multifold.
Continuous research and developments in wireless technology have led to the trade association between The Wi-Fi Alliance and numerous other technology companies for the promotion and development of WiGig or Wireless Gigabit Alliance technology.Request Sample To Learn More About This Report @ https://www.researchnester.com/sample-request-2123With such a technology, wireless communicating devices can transfer data at gigabyte speeds operating over the unlicensed 60GHz frequency band.
Such a factor is anticipated to contribute significantly towards the growth of the global Wi-Fi chipset market.Additionally, rise in the adoption of wireless communication devices globally and the growing IoT market, is also expected to help drive the global Wi-Fi chipset market.
Wi-Fi Alliance, in one of their statistics stated that 4 billion Wi-Fi enabled devices were to be shipped in the year 2018 and 13 billion devices were already in use, calculating to a total of 21 billion devices in the same year.
Moreover, the global economic value of Wi-Fi was recorded to be nearly USD 2 trillion.The global Wi-Fi chipset market is anticipated to record a CAGR of around 4.13% during the forecast period, i.e.
The GSM Association (GSMA) in one of their statistics stated that IoT connections were estimated to peak 25 billion connections from 9 billion connections in-between 2018-2025.Geographically, the global Wi-Fi chipset market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is anticipated to hold largest market share owing to rise in the adoption of smartphones which is impacted by the growing telecom industry.
