What Has Been the Growth of the Wireless Communication Chipsets Market So Far?
The wireless communication chipsets market has seen considerable growth due to a variety of factors.
• In recent times, the wireless communication chipsets market has experienced significant expansion. The market, which was valued at $22.53 billion in 2024, is projected to increase to $24.29 billion in 2025, showing a compound annual growth rate (CAGR) of 7.8%.
Factors such as the revolution in mobile telephony, the application of Bluetooth in consumer electronic devices, the emergence of 3G and 4G networks, the demand for devices equipped with GPS, and increasing access to the internet have all contributed to this historic period growth.
How Will the Wireless Communication Chipsets Market?
The wireless communication chipsets market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for wireless communication chipsets is predicted to witness robust growth over the next several years, expanding to $32.51 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 7.6%.
The predictable growth within the timeframe can be credited to an increase in the smart home technology adoption, a surge in demand for low-power wireless alternatives, the rise of edge computing, the advent of wearable technology, and the implementation of satellite-centric communication systems. During the projection period, several trends are expected to dominate including AI (artificial intelligence) and machine learning integration, adoption of Wi-Fi 6 and 6E specifications, a focus on energy efficiency within chipset design, amalgamation of diverse wireless protocols, and expansion in the sector of software-defined radio (SDR).
Which Factors Are Boosting Growth In The Wireless Communication Chipsets Market?
The wireless communication chipset market is poised for growth, driven by the increasing quantity of connected devices. These devices, embedded with sensors, software, and other technologies that allow them to interact and share data over a network, are increasing due to the growing demand for connectivity, the spread of internet-enabled devices, and extensive internet infrastructure. Wireless communication chipsets make the growth of these devices possible by providing seamless communication between them, supporting various wireless standards, and adding to the scalability and interoperability of the Internet of Things ecosystem. As an example, the Health Sector Cybersecurity Coordination Center (HC3), a division of the United States Department of Health and Human Services' Cybersecurity Program, reported in August 2022 that nearly 7 billion devices were connected via the Internet of Things (IoT) in 2022, predicting that this number would surge by another 20 billion by 2025. Consequently, the increasing number of connected devices is propelling the wireless communication chipsets market's growth.
What Key Areas Define The Segmentation Of The Global Wireless Communication Chipsets Market?
The wireless communication chipsets market covered in this report is segmented –
1) By Type: Wi-Fi Wireless Chipsets, Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets, Wireless Video And Display Chipsets, ZigBee Chipsets, Long Term Evolution (LTE) Chipsets
2) By Band: Single And Dual Band, Tri Band
3) By Form Factor: System On Chip (SoC), Integrated Circuit (IC)-Based Products
4) By End Use Application: Consumer Devices, Cameras, Smart Home Devices, Gaming Devices, Augmented Reality (AR) And Virtual Reality (VR) Devices, Mobile Robots, Drones, Networking Devices, Mobile Point Of Sale (mPOS), Other End Use Applications
5) By Vertical: Consumer Electronics, Enterprise, Industrial, Retail, Banking Financial Services And Insurance (BFSI), Healthcare, Automotive, Other Verticals
Subsegments:
1) By Wi-Fi Wireless Chipsets: Single-Band Wi-Fi Chipsets, Dual-Band Wi-Fi Chipsets, Tri-band Wi-Fi Chipsets
2) By Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets: Fixed WiMAX Chipsets, Mobile WiMAX Chipsets
3) By Wireless Video And Display Chipsets: WiDi (Wireless Display) Chipsets, Miracast Chipsets, Other Wireless Video Chipsets
4) By ZigBee Chipsets: ZigBee 2.4 GHz Chipsets, ZigBee Pro Chipsets, ZigBee 900 MHz Chipsets
5) By Long Term Evolution (LTE) Chipsets: LTE-Advanced Chipsets, LTE Chipsets (Standard), 5G (NR) LTE Chipsets
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What Emerging Trends Are Influencing The Growth Of The Wireless Communication Chipsets Market?
A large number of firms in the wireless communication chipsets market are shifting their attention towards the creation of cutting-edge technologies such as satellite IoT chipsets to champion competition in the market. These are specialized microchips that facilitate IoT device interaction with satellite networks, ensuring worldwide coverage, efficient power usage, and custom-made protocols for remote and inaccessible regions. For instance, in June 2023, Qualcomm Technologies Inc., an American tech firm, unveiled the Qualcomm 212S Modem and the Qualcomm 9205S Modem. These platforms support enhanced connectivity across satellite and cellular networks, in addition to remote monitoring and superior asset-tracking capabilities. These developments in technology, incorporating satellite connectivity, underscore the importance of reliable and scalable communication, thereby improving connectivity alternatives, stimulating market growth and improving wireless communication chipsets utilized in applications that require satellite connectivity in extreme settings.
Who Are the Key Players In The Wireless Communication Chipsets Market?
Major companies operating in the wireless communication chipsets market are:
• Samsung Electronics Co. Ltd.
• Intel Corporation
• Qualcomm Technologies Inc.
• Broadcom Inc.
• Texas Instruments Inc.
• MediaTek Inc.
• STMicroelectronics N.V.
• Infineon Technologies AG
• NXP Semiconductors N.V.
• Analog Devices Inc.
• Sony Semiconductor Solutions Group
• ON Semiconductor Corporation (Onsemi)
• Microchip Technology Incorporated
• Marvell Technology Group Ltd.
• Qorvo Inc.
• Veeco Instruments Inc.
• Aixtron AG
• IQE PLC
• Espressif Systems Pte. Ltd.
• Sequans Communications
• Telit Communications PLC
• GCT Semiconductor Inc.
• Filtronic Broadband
• XMOS
• EnSilica
• Peraso Technologies Inc.
• Blu Wireless Technology Ltd.
• Pragmatic Semiconductor
What Is The Most Dominant Region In The Wireless Communication Chipsets Market?
Asia-Pacific was the largest region in the wireless communication chipsets market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless communication chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
