Wi-Fi Chipset Market size is poised to reach USD 36 Billion by the end of 2035, growing at a CAGR of 15% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of Wi-Fi chipsets was over USD 23 Billion. The growth of the market is due to the rising concept of smart cities around the world. In order to help services sectors, e.g. education or healthcare, governments worldwide have developed smart cities equipped with wireless Internet of Things (IoT) networks. Also, smart cities are projected to grow at a rapid rate of 15% during the forecast period.
Furthermore, the market is growing owing to the increased demand for real-time telematics and In-Vehicle Infotainment systems (IVI) in automotive electronics. Also, the consumption rate of telematics was 27% in 2021.
Growth Drivers
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~ 15% |
|
Base Year Market Size (2022) |
~ USD 23 Billion |
|
Forecast Year Market Size (2035) |
~ USD 36 Billion |
|
Regional Scope |
|
Chipset Type (Wi-Fi 6, Wi-Fi 6E, Wi-Fi 7)
The Wi-Fi 6 segment held the largest share of 74% and is expected to grow rapidly during the forecast period. The increase can be attributed to the rising demand for high-performance network connectivity, which enables simultaneous access by multiple users at constant bandwidth requirements for the general public and must manage network congestion due to high network load. It is also projected that the desire for contemporary gadgets that can support new wireless frequency bands like 2.4GHz, 5GHz, and 6GHz will hasten the adoption of Wi-Fi 6 chipsets.
Protocol (802.11ac, 802.11n, 802.11ax, 802.11b)
802.11ax is anticipated to observe rapid growth. Moreover, 802.11ax held a share of 47% in 2021 and is likely to expand in upcoming years. In the total Wi-Fi chipset market, 802.11ax is anticipated to experience strong expansion. In comparison to all other IEEE 802.11 standards now in use, this standard is anticipated to deliver the maximum spectrum efficiency and is anticipated to have a top speed of roughly 10 Gbps (as evaluated by Huawei Technologies Co. Ltd. (China)).
Our in-depth analysis of the global market includes the following segments:
|
Chipset Type |
|
|
Protocol |
|
|
MIMO Configuration |
|
|
Application |
|
APAC Market Forecast
In terms of volume, APAC accounted for the largest portion of the global Wi-Fi chipset market and is anticipated to overtake it by 2026, taking up an estimated 50% of the market. Manufacturers of consumer electronics products can be found in China, South Korea, and Japan, including Sony Corporation in Japan, Huawei Technologies Co. Ltd. in China, and Samsung Electronics Co. Ltd. in South Korea. China produces Wi-Fi chipsets at a low cost and has a big pool of consumer electronics producers, which has given Asia Pacific the largest share of the market.
North American Market Statistics
The North America Wi-Fi chipset market accounted for a share of 39.5% in 2022 and is poised to grow rapidly in the forecast period. The growth can be attributed to the increased use of the internet. Over 89% of Americans will have internet connectivity in 2022, up from just over 75% in 2012, according to the International Telecommunication Union. With more than 312 million internet users in 2018, the United States was one of the largest online markets in the world. Government policies that stimulate the development of wireless infrastructure in the area are driving market growth. The Broadband Fund, a government project, was unveiled in October 2019 by the Canadian Radio-television and Telecommunications Commission (CRTC) for the construction of wireless and broadband infrastructure across the country.
Author Credits: Abhishek Verma, Hetal Singh
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?