The Global Wi-Fi Chipset Market was valued at USD 18.5 Bn in 2020 and is expected to reach USD 25.2 Bn by 2027, with a growing CAGR of 4.5% during the forecast period.
A wireless chipset is a set of integrated circuit chips in a computer or Wi-Fi communication system that plays numerous functions required for the computer to communicate over a Wi-Fi network. These chipsets access Wi-Fi networks to allow the users to access networked offerings without the need for standard cables. The Wi-Fi chipset is typically available in 3 operating bands which are single, dual, and tri bands and are utilized in numerous applications including smartphones, personal computers, routers, wearable electronics, and laptops.
The increasing adoption of Wi-Fi devices in the public and private sector is anticipated to boost the growth of the Wi-Fi chipset market during the forecast period. The development of smart cities projects across the globe and the deployment of free public Wi-Fi services is among the important factors that influence the market growth. For instance, Google Inc. launched its station initiative in India in 2015 to bring fast, free public Wi-Fi to more than 400 of the busiest railway stations in 2020. Moreover, the rise in demand for smart devices such as personal computers, smartphones, and tablets and wearable technology are some other factors proliferating the Wi-Fi chipset market growth during the forecast period. For instance, according to the GSMA report published in 2021, it is estimated around 6Bn smartphone connections across the globe. However, the fall in the shipments of PCs and tablets is one of the major restraining factors that limit the growth of the market due to the improved performance of phablets and decline in the price of smartphones. The low manufacturing cost of smartphones in China has played an important role in the increased sales of smartphones. The cost-conscious consumers in developing economies choose phablets over costly tablets. Moreover, the replacement cycle of tablets and PCs is higher compared to smartphones. Thus, decline in the growth of PC & tablets market and act as a major restraining factor that hampers the growth of the Wi-Fi chipset market.
By MIMO Configuration
By Industry Vertical
Based on the band, the dual band segment of Wi-Fi chipset market is expected to grow at the highest CAGR during the forecast period owing to the ability to provide faster transmission speed, high flexibility, and more stability by avoiding interferences
Based on the band, the Wi-Fi chipset industry has been segmented into a single band, dual band, and tri band. The dual band segment is expected to grow at the highest CAGR during the forecast period owing to the ability to provide faster transmission speed, high flexibility, and more stability by avoiding interferences. Moreover, the growing application of dual band Wi-Fi networks in the residential sector due to its offering of both 2.4GHz and 5GHz operational frequencies simultaneously enables a faster and stable wireless connection of electronic devices. However, this is considerably expected to boost the growth of the segment over the forecast period.
Based on the standard, the 802.11ax (Wi-Fi 6 and 6E) segment is expected to dominate the Wi-Fi chipset market during the forecast period due to its property to offer high data transfer speed
Based on the standard, the Wi-Fi chipset industry is segmented into 802.11be (Wi-Fi 7), 802.11ax (Wi-Fi 6 and 6E), 802.11ac (Wi-Fi 5), 802.11ad, and 802.11b/g/n. The 802.11ax (Wi-Fi 6 and 6E) segment of the Wi-Fi chipset market is expected to dominate the market during the forecast period due to the ability to offer a high data transfer speed of up to 9.6 Gbps of Wi-Fi 6 across multiple channels and handling of large amounts of network traffic more efficiently. Moreover, standard IEEE 802.11ax (Wi-Fi 6 and 6E) Wi-Fi Chipset offers faster game downloads, excellent upload speeds for streaming gameplay, and are more reliable media multitasking.
Based on region, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period
The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the increasing disposable income and emergence of connected infrastructure. Moreover, the increasing demand of smartphones and tablets in the countries like India and China is one of the prominent factors that influence the growth of the market. For instance, according to secondary sources, the increasing rate of smartphones in India reached 54% and was estimated to reach 96% in 2040, more than doubled from FY 16. Furthermore, the availability of public Wi-Fi hotspot connectivity in these countries is also fuelling the demand for the Wi-Fi chipset market during the forecast period.
The report also provides an in-depth analysis of Wi-Fi chipset market dynamics such as drivers, restraints, opportunities, and challenges:
COVID-19 Impact on the Wi-Fi Chipset Market Analysis:
The COVID-19 pandemic impacted various industries such as manufacturing, retail, and others owing to the strict lockdown imposed by the government to curb the spread of the virus. The supply chain of products and services was disrupted owing to the production halt from the different industries. Similarly, the Wi-Fi chipset market was significantly impacted by the COVID-19 pandemic due to lockdown by which manufacturing facilities and international borders have been shut down temporarily. Thus, it had declined the Wi-Fi chipset production and supply in the global market. Therefore, it has hampered the market growth for a shorter time. However, as the COVID-19 cases decline, federal governments relaxed the lockdown norms. Therefore, in Q3 of 2020, production facilities were resumed with a decreased workforce to reduce the spread of the virus. Moreover, the outbreak has compelled organizations to offer their employees work from home facilities. Besides, universities and schools endorsed an e-learning environment. Therefore, it is anticipated to elevate the growth of the Wi-Fi chipset market in the approaching years.
*Note: A detailed analysis is specific to the Wi-Fi chipset market will be provided in the report
The report also provides an in-depth analysis of key trends in the Wi-Fi chipset market:
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Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)
COVID – 19 Opportunity Mapping
Regional Market Analysis