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WiFi Chipset Market By MIMO configuration (SU-MIMO, MU-MIMO) By Band (Single & dual band, Tri band) By IEEE standard (802.11be (Wi-Fi 7), 802.11ax (Wi-Fi 6 and 6E), 802.11 ac (Wi-Fi 5), 802.11ad, 802.11b/g/n.) By Vertical (By IEEE standard Electronics, Ente By IEEE Standards (802.11ay, 802.11ax, 802.11ac Wave 2), By Band (Dual Band, Tri-Band), By MIMO Configuration (SU-MIMO, MU-MIMO), By Product Category (Smartphones, Tablets, PCs)– Growth, Future Prospects and Competitive Analysis, 2016 - 2028

What are the Global Investments in Wi-Fi Chipset?

Globally, companies are increasing investments in Wi-Fi Chipset due to the increased demand for chipsets, and it is anticipated to witness significant growth in the coming years. For instance, in march 2022, Intel announced the plans for an investment of more than USD 43 billion to build a leading-edge semiconductor production unit in Germany and a research and development unit with a design center in France. In addition, it will expand itself all over the Europe region. Similarly, in November 2021, Qualcomm Incorporated announced that it is continuing to expand its chipset business. As a result, Qualcomm Incorporated expects its addressable opportunity to grow from around USD 100 billion in 2021 to USD 700 billion in the next decade (2031), owing to more devices becoming intelligently connected. Moreover, the growing use of Wi-Fi chipsets to improve connectivity worldwide is further projected to enhance its demand in the coming years.

wifi-chipset-market

What is the Market Size of Wi-Fi Chipset in terms of value?

Global Wi-Fi Chipset Market is projected to increase at a significant CAGR of 4.10% in the coming years. In 2021, the global Wi-Fi chipset market was valued at USD 19.5 billion and is projected to reach a value of USD 24.81 billion by 2028. The demand for Wi-Fi chipsets is projected to increase substantially in the coming years. It is presumed to generate revenue opportunities for the key industry players worth USD 5.31 billion during the forecast period between 2022 and 2028.

What are the recent developments for Wi-Fi Chipset?

The developments in Wi-Fi chipsets immensely increased in the past few years, including partnerships, product launches, product development, and others. This is primarily due to increased demand for smart devices such as smartphones, laptops, and others worldwide. For instance, in March 2022, MediaTek launched two chipsets for Wi-Fi 7. The Filogic 880 and Filogic 380 are suitable for access points, routers, gateways, smartphones, and laptops. Similarly, in March 2022, Qualcomm announced the third generation of Qualcomm's Networking Pro series of Wi-Fi 7 chipsets for access points. Therefore, the developments by market players are expected to support the Wi-Fi chipset market during the forecast period.

Interesting Facts about Wi-Fi Chipset Industry

  • The top countries in the Wi-Fi chipset market are the U.S., Netherland, Taiwan, South Korea, and Japan.
  • The increased penetration of smartphones globally and increased use of Wi-Fi in businesses and enterprises are the main factors propelling the growth of the Wi-Fi chipset market.
  • The volatility in raw material prices and strict regulations associated with Wi-Fi technologies are anticipated to limit the growth of the Wi-Fi chipset market over the forecast period. 
  • In 2021, the Asia Pacific region had captured a major market share in terms of value and volume in the global Wi-Fi chipset market, and it is also expected to continue its growth rate during the coming years.
  • MU-MINO configuration in Wi-Fi chipset expected to grow with the highest CAGR during the coming years due to increasing adoption by businesses and enterprises worldwide.

Who are the Top 10 players/companies in the Wi-Fi chipset market in terms of value?

The top companies in the global Wi-Fi chipset market in terms of revenue include Qualcomm Technologies, Inc., Broadcom Inc., MediaTek Inc., Intel Corporation, Texas Instruments Incorporated, Hewlett Packard Enterprise Co., STMicroelectronics N.V., Samsung Electronics Co., Ltd., NXP Semiconductors N.V., On Semiconductor Co., Inc., Skyworks Solutions, Inc., Cisco Systems Inc., Dell Technologies, Cypress Semiconductor Corporation, CommScope Holding Co., Extreme Networks, Netgear, ASUS, D-Link, Fibocom, Quectel, Peraso Technologies, Inc., and Simcom Wireless Solutions Limited. These companies are focusing on product development and technological advancement to improve their Wi-Fi chipset production and gain a competitive market share on a global scale. Furthermore, some national and regional players are expected spending heavily to enlarge their product portfolios and increase revenue. For instance, in April 2022, Broadcom Inc. launched its new end-to-end chipset products for the Wi-Fi 7 ecosystem, enterprise access points, residential gateways, spanning Wi-Fi routers, and client devices such as laptops and smartphones.

Who are the Top 10 Countries in the Wi-Fi Chipset Market?

In the global Wi-Fi chipset market, the top 10 countries are the U.S., China, Taiwan, South Korea, Netherland, Japan, Vietnam, Germany, the UK, and Switzerland. The U.S. is the highest By IEEE standard and producer of Wi-Fi chipsets with a significant amount of the market share in the global market in the last year 2021. Furthermore, the global market in developed economies is driven by rising demand for Wi-Fi chipsets and the growing demand for smart devices among By IEEE standards. Apart from that, the Wi-Fi chipset market in developing economies like China is anticipated to witness high growth in the forecasting years due to the growing demand for high-speed internet in the country. 

Which is the Key IEEE standard in the Wi-Fi Chipset Market?

The IEEE standard of Wi-Fi chipset includes 802.11be (Wi-Fi 7), 802.11ax (Wi-Fi 6 and 6E), 802.11 ac (Wi-Fi 5), 802.11ad, and 802.11b/g/n. In the Wi-Fi chipset market, the 802.11ax is anticipated to dominate the market. This IEEE standard is projected to have the highest signal quality of any existing IEEE 802.11 standard and high speed of approximately 10 Gbps which is tested by Huawei Technologies Co. Ltd. This new 6 GHz band comes with new features, such as speeds up to 320 MHz bandwidth, it will help EHT achieve its goal of minimum 30 Gbps throughput. It is used in increased, low-latency services like AR/VR applications, 4K/8K video streaming, and online gaming experience. Moreover, the growing use of Wi-Fi chipsets as a device in various industries further drives the market's growth over the forecast period.

What are the Major Driving Factors for Wi-Fi Chipset Market?

The automotive industry's increased adoption of wireless connectivity technologies is the primary factor for the growth of the global Wi-Fi chipset market during the forecast period. In addition, the By IEEE standard inclination towards smart home devices and rising public Wi-Fi hotspots in developing economies such as India, China, Brazil, and others are expected to propel the growth of the Wi-Fi chipset market globally. Furthermore, the Wi-Fi chipset is anticipated to expand as the rising need for an improved network, low latency, and bandwidth communications across enterprises further drives the demand for Wi-Fi chipsets during the forecast period.

What are the Major Restraints for Wi-Fi Chipset Market?

The major restraint for the global Wi-Fi chipset market, which is expected to restrain the Wi-Fi chipset market growth, includes declined demand for PC's and laptops owing to the improved performance of smartphones and tablets, which comes with less cost. In addition, the fluctuation in raw material prices globally for Wi-Fi chipsets is the other main factor hampering market growth in the coming years. This is mainly due to limited production of Wi-Fi chipsets which can hamper the cost of Wi-Fi chipset.

Which Region Dominated the World Wi-Fi Chipset Market?

Asia Pacific would have dominated the global Wi-Fi chipset market in 2021, accounting for approximately 40% of the market share in terms of both volume and value. This is primarily due to the presence of a large number of Wi-Fi chipset manufacturing companies in the regional market and the use of Wi-Fi chipsets in finished products. Furthermore, increased government adoption of public hotspot deployment in developing countries such as China and India is expected to fuel the growth during the forecasting years. As a result, China accounted for the majority of the Asia Pacific Wi-Fi chipset market. China is the largest By IEEE standard and producer of Wi-Fi chipsets in 2020. 

Nevertheless, Europe and North America are expected to see significant growth in the forecasting years owing to rising demand for Wi-Fi chipsets and high-speed internet as the automotive industry expands in these regions. Furthermore, the increasing demand for Wi-Fi chipsets among By IEEE standards as a result of smart devices and the high consumption of Wi-Fi chipsets by businesses & enterprises, and automotive companies, is propelling the Wi-Fi chipset market in Europe and North America.

Segmentation of Global Wi-Fi Chipset Market-

Global Wi-Fi Chipset Market – By MIMO configuration

  •       SU-MIMO
  •       MU-MIMO

 Global Wi-Fi Chipset Market – By Band

  •       Single & dual band
  •       Tri band

Global Wi-Fi Chipset Market – By IEEE standard

  •       802.11be (Wi-Fi 7)
  •       802.11ax (Wi-Fi 6 and 6E)
  •       802.11 ac (Wi-Fi 5)
  •       802.11ad
  •       802.11b/g/n.

 Global Wi-Fi Chipset Market – By Vertical

  •       By IEEE standard Electronics
  •       Enterprise
  •       Industrial
  •       Retail
  •       BFSI
  •       Healthcare
  •       Automotive
  •       Others (government & public sector)

Global Wi-Fi Chipset Market – By End-use Application

  •       By IEEE standard devices
  •       Cameras
  •       Smart home devices
  •       Gaming devices
  •       AR/VR devices
  •       Mobile robots
  •       Drones
  •       Networking devices
  •       mPOS
  •       In-vehicle infotainment

Others (medical devices, portable devices, defense equipment, and educational devices)

Frequently asked questions about the global Wi-Fi Chipset industry.

Wi-Fi Chipset market also suffered from the COVID 19 pandemic, which resulted into the decline of a significant amount in revenue generated in 2020.

the Asia Pacific accounted for the highest share in the global Wi-Fi chipset market in terms of value as well as volume.

The increased smartphone penetration and adoption of Wi-Fi chipsets by various industries are the major factors driving the growth of the market.

802.11ax Wi-Fi chipset had a major share in 2021 capturing a significant amount of the market revenue share. Furthermore, 802.11be is projected to witness the fastest growth.

MU-MIMO had a major share in the global market in 2021 and is also projected to continue its dominance over the forecast period.

WiFi Chipset Market Scope

Report Attribute Details
Market Value in 2021 USD 19.5 billion
Market Value in 2028 USD 24.81 billion
CAGR 4.10%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Networking and Communications
Report ID:   59877
Report Format:   PDF
Pages:   180
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
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