What Fueled The Previous Growth In The Wi-Fi Chipset Market?
The wi-fi chipset market has seen considerable growth due to a variety of factors.
•The marketplace for Wi-Fi chipsets has seen significant expansion over recent years. The market valuation is projected to increase from $23.02 billion in 2024 to $24.23 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%.
The historic period's growth is due to the widespread usage of wireless gadgets, advancements in technology standards, the emergence of wireless networking, the rise of smart homes, and the expansion of the IoT.
What Is The Expected Growth In The Wi-Fi Chipset Market Size?
The wi-fi chipset market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, robust expansion is anticipated in the Wi-Fi chipset market. It is projected to balloon to $31.95 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%.
Factors contributing to the growth during the prediction period include the adoption of wi-fi 6 and wi-fi 6e, integration and coexistence of 5g, IoT and industry 4.0 expansion, the shift towards remote work and distance learning, development of smart cities, and expansion of public Wi-Fi. Key trends expected during this forecast period are 5G offloading and integration, advanced beamforming and MIMO, development of the wi-fi 7 standard, optimization of networks via AI, and heightened emphasis on security.
What Are The Leading Drivers Of Growth In The Wi-Fi Chipset Market?
The rise in smartphone usage is anticipated to fuel the expansion of the Wi-Fi chipset market. Smartphones are handheld electronic devices that connect to cellular networks. They employ Wi-Fi chipsets to facilitate wireless connectivity, providing multiple features. These chipsets are fitted into smartphones to ensure internet connectivity, improve data transfer speed, support local area networking, and facilitate data offloading. For instance, Uswitch Limited, a financial conduct authority in the UK, reported in February 2023 that the number of smartphones in the UK saw a rise of 3.8% (or approximately 2.6 million) from 2022, totaling 71.8 million. Moreover, by 2025, the UK is estimated to house 68.3 million residents, with 95% (or around 65 million individuals) projected to own smartphones. Consequently, the escalating adoption of smartphones is propelling the Wi-Fi chipset market's growth.
How Are The Segments Defined Within The Global Wi-Fi Chipset Market?
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
Subsegments:
1) By Smartphones: Android Smartphones, IOS Smartphones
2) By Tablets: Android Tablets, IOS Tablets, Windows Tablets
3) By Personal Communication Services (PCS): Wearable Devices, Smartwatches, Fitness Trackers
4) By Access Points: Indoor Access Points, Outdoor Access Points
5) By Other Products: Smart Home Devices, IoT Devices, Laptops And Notebooks
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How Are New Trends Expected To Influence The Growth Of The Wi-Fi Chipset Market?
The increasing technological improvements in chipset designs are becoming a notable trend in the Wi-Fi chipset markets. Key players in the Wi-Fi chipset market are producing technologically sophisticated products to maintain their market presence. For example, in May 2022, MediaTek Inc., a semiconductor enterprise based in Taiwan, introduced two Wi-Fi 7 chipsets known as the Filogic 880 and Filogic 380. They are designed to meet the demands of different sectors including the operator, retail, corporate, and consumer electronics markets. The Filogic 880 is tailored for applications that require high-bandwidth, such as home networking, corporate networks, and retail Wi-Fi. It has the capability to manage up to 36 Gbps of aggregate throughput, which is double the speed of Wi-Fi 6. The Filogic 380 is aimed at user devices like smartphones, laptops, and tablets. It can manage up to 9.6 Gbps of aggregate throughput, which is 2.7 times quicker than Wi-Fi 6. Furthermore, these chipsets come with features like 6nm process technology and support for important Wi-Fi 7 technologies such as 4096-QAM, 320 MHz, MRU, and MLO. The Filogic 880 can offer up to 36 Gbps of aggregate throughput, ensuring faster speeds, improved performance, and more dependable connectivity.
Who Are the Key Players in the Wi-Fi Chipset Market?
Major companies operating in the Wi-Fi chipset market include:
• Dell Technologies Inc.
• Intel Corporation
• Cisco Systems Inc.
• Qualcomm Technologies Inc.
• Broadcom Inc.
• Hewlett Packard Enterprise Company
• Texas Instruments Incorporated
• MediaTek Inc.
• ASUS
• STMicroelectronics NV
• Infineon Technologies AG
• NXP Semiconductors NV
• CommScope Holding Co.
• On Semiconductor Co Inc.
• Microchip Technology Inc.
• Skyworks Solutions Inc.
• Realtek Semiconductor Corp.
• Quectel Wireless Solutions Co. Ltd.
• Extreme Networks Inc.
• Netgear Inc.
• Fibocom Wireless Inc.
• D-Link Systems Inc.
• Espressif Systems
• Montage Technology Co. Ltd.
• Kxcomtech
• Celeno Communications Ltd.
What Is The Most Dominant Region In The Wi-Fi Chipset Market?
North America was the largest region in the Wi-Fi chipset market in 2024. Asia-Pacific is expected to be the fastest-growing region in the Wi-Fi chipset market report during the forecast period. The regions covered in the Wi-Fi chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
