Research Nester has released a report titled “Wi-Fi Chipset Market - Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the Wi-Fi chipset market in terms of market segmentation by IEEE standards, by MIMO configuration, by band, by device type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global Wi-Fi chipset market is segmented by device type into smartphones, connected home devices, access point equipment, PCs, tablets and others, out of which, connected home devices segment is anticipated to hold the largest market share on account of rising adoption of IoT devices, along with the increasing internet penetration. In the statistics by The GSM Association (GSMA), IoT connections is estimated to grow from 9 billion connections in the year 2018 to 25 billion IoT connections in the year 2025.
The global Wi-Fi chipset market is anticipated to record a CAGR of around 4.13% during the forecast period, i.e. 2019-2027. Growing adoption of wireless communication devices worldwide coupled with the growing IoT market, which is expected to achieve a market valuation of USD 2108.2 Billion by 2023 at a CAGR of 17.56% over the forecast period (2016-2023), coupled with the need for fast wireless data transmissions over Wi-Fi and the technical advancements observed in the field of Wi-Fi technology, all of these factors are anticipated to contribute significantly towards the growth of the global Wi-Fi chipset market. In the statistics by Wi-Fi Alliance, in the year 2018, the market of Wi-Fi had an economic value of nearly USD 2 trillion. Further, it states that the market is growing by planning to ship 4 billion Wi-Fi enabled devices in the same year and other 13 billion devices are already in use, which makes it a total of 21 billion devices.
Regionally, the global Wi-Fi chipset market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia Pacific is expected to have largest market share on account of the growing telecom industry in the region which is leading to the increasing adoption of smartphones. It is anticipated that with the increasing adoption of smartphones, a positive impact in the sales of Wi-Fi System on Chip (SoC) technology will be observed. In another statistics by GSMA, smartphones will contribute to four out of five internet connections globally in the year 2025, and Asia Pacific will grow at 1.6x times with an increase in contribution to 82% in 2025 from 60% in 2018.
Growing Demand for WiGig in Wireless Technology
Increasing demand for high speed wireless transmission of data, owing to growing technological advances and rise in the number of internet users, is raising the need for adoption of WiGig technology. WiGig technology deals with high data transmission speeds and operates over the unlicensed 60GHz frequency band. The rising need for such a technology is anticipated to promote the growth of the global Wi-Fi chipset market.
However, concerns regarding the rapid change in technology, requires manufacturers to spend on certification and licensing of the chips, which also raises the operational costs of the manufacturers. Such a factor is considered to operate as key restraint to the growth of the global Wi-Fi chipset market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global Wi-Fi chipset market, which includes company profiling of Intel Corporation (NASDAQ: INTC), Qualcomm Technologies, Inc. (NASDAQ: QCOM), Infineon Technologies AG (ETR: IFX), Broadcom (NASDAQ: AVGO), Celeno Communications, Peraso Technologies Inc., Semiconductor Components Industries, LLC, Cypress Semiconductor Corporation (NASDAQ: CY), Texas Instruments Incorporated (NASDAQ: TXN), and STMicroelectronics (BIT: STM). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Wi-Fi chipset market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.