The global Wi-Fi Chipset Market is estimated to surpass $22.4 billion mark by 2026 growing at an estimated CAGR of more than 6.4% during the forecast period 2021 to 2026. Wi-Fi technology uses wireless transmitters and chipset to send information to mobile. Chipsets access Wi-Fi hotspots to enable the user’s access network services without the requirement of standard cables. The market growth is mainly driven by the factors including the high usage of Smart phones, laptops, and computers and also increasing in use of wireless sensors and electronic control units in many automotive devices. The developments in the connected autonomous vehicles and self-driving cars over a wireless network are anticipated to improve the market revenue. The factors like cross device data sharing & high capacity access points are set to boosts the market growth of wireless communication chipsets during the forecast period 2021-2026.
Wi-Fi Chipsets Market Segment Analysis – By Application
Wi-Fi Chipset market is segmented into Smartphones, Tablets, Desktop, Laptops, Connected home devices, Connected Vehicles, Wi-Fi Routers, Smart Speakers, Wireless security system, and Others based on the applications. Affordability and advancement of Smart phones and other devices has improved the market of Wi-Fi chipset with smartphones accounting for 24.5% share in 2020. Rising initiatives towards 5G deployment in many countries all around the world is one factor that improves the Wi-Fi chipsets market. Mobile companies have integrated the 5G compatibility to support 5G network with the help of chipsets. Wi-Fi chipsets are being incorporated in the devices such as tablets and other wireless communication systems. It has attributed a lot more to the growth in the IT sector and also the advancements in the wireless connectivity, combinations of many other devices and also access point equipment is a gadget that acts a portal to local area network for many devices.
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Wi-Fi Chipsets Market Segment Analysis – By Band
Single band wi-fi chipsets are vulnerable interference from various electronic gadgets like mobiles, Wi-Fi hotspots and others. This vulnerability will decrease the demand of this band type although the segment still accounts for 24.3% share in 2020. And due to this vulnerable property the users will abandon single band chipsets and the adoption of dual and tri band will increase as the flexibility and performance is better than the single band. But still some companies may be having demand for single band as the standby mode in low-power operation is used in the industries.
Wi-Fi Chipsets Market Segment Analysis – By Geography
North America, Europe, Asia are the major key regions in contributing the revenue. The adoption of IoT in public & industrial sector and increased penetration of smart phones in the developed economies contributes the strong growth of Wi-Fi Chipset Market in APAC market at 8.1% CAGR through 2026. APAC has the large number of users in countries like India & China with high population. The European Union will work on the projects to accentuate the semiconductor industry with the help of Wi-Fi chipsets market.
Wi-Fi Chipsets Market Drivers
Increased adoption of Smart Phones
Growth in the technology and improved affordability has increased many developing countries. The data transfer is one of the major uses of smart phones and this is a key driving factor to increase the Wi-Fi chipset market. Many countries have almost 100 percent internet penetration and are now looking at providing faster and better services. With Internet infrastructure in place in almost all countries, it can be easily understood why the output of the number of connected consumer electronic devise has increased exponentially over the last two to three years. A very important aspect for each of these connected devices is the Wi-Fi chipset in each and every one of them.
Smart cities Implementation
Implementation of smart cities concepts in many countries which includes developed & developing countries. Infrastructures like smart parking, safety and security, free public WI-FI & others are the major changes taking place. This will drive deployment of Wi-Fi chipsets.
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Wi-Fi Chipsets Market Challenges
Increasing Manufacturers and Cost
Wi-Fi chipsets market has become highly competitive and fragmented. The increased number of new entrants has compelled the renowned companies to bring more innovative ideas and quality in the products. Complex embedded systems have increased manufacturing cost along with advancing technologies. Lack of infrastructure and technical complexities also interrupt the services and which in turn impact in decline of market growth.
Wi-Fi Chipsets Market Landscape
Major players are extensively focusing on Product launches, Partnerships, and R&D activities to sustain in the competitive industry and gain the market share. The key players of Wi-Fi chipset market includes Qualcomm technologies, Broadcom Inc, Texas instruments Inc, Samsung Electronics, Marvel technology groups ltd and others
Acquisitions/Technology Launches/Partnerships
In June 2020, InnoPhase joined STMicroelectronics Partner program to Deliver Industry’s Lowest-Power WiFi and Bluetooth Low energy modules for IoT Devices.
In January 2020 Qualcomm released a raft of new 6 Hz WI-Fi products including 2 new mobile platforms and 4 new networking chipsets.
Key Takeaways
Rising demand and trends towards smart homes and government initiatives towards the development of smart city projects all around the world has increased the growth of wi-fi chipset market.
Smart phones, laptops, and computers has been adopted and used by many developing countries and the cost of these has gradually decreased with the buying power of the individuals has increased.
North America has the high potential to improve the market with the Smart homes implementation and other advanced IoT technologies
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