Top 10 New Global Wi-Fi Chipset Market Trends In 2024; Spherical Insights
According to a research report by Spherical Insights & Consulting, the global Wi-Fi chipset market is expected to grow from USD 18 billion in 2021 to USD 25 billion by 2030, representing a Compound Annual Growth Rate (CAGR) of 4% over the forecast period. The market expansion is driven by factors such as the increasing demand for WiGig wireless technology. The report provides a comprehensive analysis of the global Wi-Fi chipset market.
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Wi-Fi has largely supplanted traditional internet connectivity across nearly every industry. The convenience, simplicity, and speed of wireless technology are major factors driving consumer preference for Wi-Fi. Today, Wi-Fi stands as the most prevalent technology in consumer electronics, with numerous connection points found in both homes and businesses. Most subscribers have multiple Wi-Fi-enabled devices, such as laptops, smartphones, and smartwatches. Consequently, each access point must handle an increasing number of connections annually. To accommodate the growing number of devices, additional channels and enhanced spectral efficiency are necessary to ensure quick and reliable connectivity.
Browse 55 market data Tables and 65 Figures spread through 225 Pages and in-depth TOC on Global Wi-Fi Chipset Market Size, Share, and COVID-19 Impact Analysis, By Product (Smartphones, Tablet, PCS Access Points, Others), By Band (Single Band, Dual Band, TRI Band), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030
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In 2021, the smartphones segment held the largest market share within the global Wi-Fi chipset market.
The market is segmented by type into smartphones, tablets, PCs, access points, and others. Currently, the smartphones segment leads the market due to its substantial share. This dominance is driven by technological advancements and the affordability of smartphones, which have spurred rapid growth in the smart device market. The widespread adoption of wireless technology in smartphones has made it easier for users to access wireless applications. Smartphones are equipped with chipsets that enable various forms of connectivity, including 2G/3G and Wi-Fi. Additionally, the digital market has experienced significant growth in the tablet sector, as tablets increasingly replace laptops.
The single-band segment is projected to hold the largest market share throughout the forecast period.
The global Wi-Fi chipset market is segmented by band into single band, dual band, and tri-band categories.
Among these, the single-band segment is anticipated to have the highest market share. Single-band Wi-Fi chipsets are valued for their integrated plug-and-play features, compact design, and include components such as a Wireless LAN (WLAN) stack, supplicant, and TCP/IP stack. While dual-band Wi-Fi chipsets, which enable simultaneous data transmission over multiple bands for improved speed and connection quality, are also significant players in the market, the introduction of tri-band Wi-Fi chipsets with multi-gigabit performance has expanded the range of available Wi-Fi solutions.
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The Asia Pacific region is leading the market, holding a 41% share during the forecast period.
Due to increased efforts to promote the allocation of new frequency bands for next generation Wi-Fi in the area, Asia Pacific, which now owns the greatest market share of 41%, is expected to experience overall growth of 4% during the upcoming years.Major Vendors in Wi-Fi Chipset Market: Quantenna Communications Inc., STMicroelectronics N.V., BROADCOM, QUALCOMM, Intel Corporation, Samsung Electronics Co. Ltd., Peraso Technologies, Inc., Cypress Semiconductor Corporation, Marvell Technology Group Ltd.
In 2021, the smartphones segment held the largest market share in the global Wi-Fi chipset market.
The market is categorized by type into smartphones, tablets, PCs, access points, and others. Among these, the smartphones segment leads with the largest market share. This growth is driven by technological advancements and the affordability of smartphones, which have significantly boosted the market for smart devices. The widespread integration of wireless technology in smartphones has made it easier for users to access wireless applications. Smartphones are equipped with chipsets that support various forms of connectivity, including 2G/3G and Wi-Fi. Additionally, the digital market has seen growth in the tablet sector as tablets increasingly replace laptops.
Competitive Analysis:
Wi-Fi has largely replaced traditional internet connectivity across nearly every industry. The appeal of wireless connectivity stems from its readily available, user-friendly, and fast services, which are enabled by technological advancements. Today, Wi-Fi is the most prevalent technology in consumer electronics, with numerous Wi-Fi access points present in both homes and commercial buildings. Most users have multiple Wi-Fi-enabled devices, such as laptops, smartphones, and smartwatches. Consequently, each access point must handle an increasing number of connections annually. To support this growing demand for high-speed connectivity, there is a need for more channels and improved spectral efficiency. This trend is expected to drive the demand for Wi-Fi technologies that support MU-MIMO and gigabit data transfer rates, including standards such as 802.11ax, 802.11ay, and 802.11ac Wave 2, which operate over the 60GHz spectrum.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Wi-Fi Chipset market based on the below-mentioned segments:
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Wi-Fi Chipset Market, By Product
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Wi-Fi Chipset Market, By Band
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Wi-Fi Chipset Market, Regional Analysis
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