Wi-Fi Chipset Market Size & Share by Chipset Type (Wi-Fi 6, Wi-Fi 6E, Wi-Fi 7); Protocol (802.11ac, 802.11n, 802.11ax, 802.11b); MIMO Configuration (MU-MIMO, SU-MIMO); Application (Residential, Enterprise, Education, Government, Public Utilities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 2123
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Wi-Fi Chipset Market Overview
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Wi-Fi Chipset Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Adoption of Computers - The number of households to have a computer is projected to reach 1,262,47 million by 2025, as stated in the Organisation for Economic Cooperation and Development survey. The word computer household shall refer to a house with one or more computers. The market participants will have an opportunity to increase their product portfolio for Wi-Fi chipsets, extend their presence in various regions, and achieve greater market share as a result of the increased adoption of computers.
  • Increasing Trend for Working from Home - In accordance with the global demand for electronics like laptops and desktops for the expanding work-from-home trend, the semiconductor sector began to revive. South Korea kept up its steady growth, as chip exports increased by 9.4% in February 2020.
  • Growing Amount of Public Wi-Fi Hotspots and Implementation of internet-of-things-IoT  Due to the massive increase in connected devices, the mobile network is expected to experience more congestion during the projection period due to the increased demand for more data throughput, bandwidth, and coverage. As a result, it is anticipated that in the years to come, communication service providers and network operators will use Wi-Fi hotspot solutions at a much higher rate.

Challenges

  • Decrease in Deliveries of PCs and Tablets - The shipment of PCs and tablets is predicted to decrease by a small amount, with alternatives like phablets and smartphones having a significant impact. This issue could also limit the commercial expansion of Wi-Fi chipsets.
  • Increasing Cyber Crimes
  • Decrease in Data Transfer Rates  

Wi-Fi Chipset Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Wi-Fi Chipset Segmentation

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

  • Wi-Fi 6
  • Wi-Fi 6E
  • Wi-Fi 7

          Protocol

  • 802.11ac
  • 802.11n
  • 802.11ax
  •  802.11b

          MIMO Configuration

  • MU-MIMO
  • SU-MIMO

          Application

  • Residential
  • Enterprise
  • Education
  • Government
  • Public Utilities

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Wi-Fi Chipset Industry - Regional Synopsis

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.

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Wi-Fi Chipset Market Region
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Companies Dominating the Wi-Fi Chipset Landscape

top-features-companies
    • Texas Instruments Incorporated
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Broadcom Inc
    • Qualcomm Technologies, Inc
    • MediaTek Inc.
    • Intel Corporation

In-the-news

In The News

  • June 2023 - The second generation of wireless connectivity chipset solutions for the Wi-Fi 7 ecosystem, including Wi-Fi routers, residential gateways, enterprise access points, and client devices, has been made available in sample form by Broadcom Inc. The new chips expand the ecosystem of goods started by Broadcom's Wi-Fi 7 first-generation chips while providing more capabilities to a larger market.
     
  • December 2022- The Qualcomm® Wi-Fi 7 Immersive Home Platform, the newest high-performance network product for the home, was launched today by Qualcomm Technologies, Inc.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 2123
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing adoption of computers, the increasing trend for working from home, the growing amount of public Wi-Fi hotspots, and the implementation of IoT are driving the market growth.

The market size of Wi-Fi chipset is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Texas Instruments Incorporated, Broadcom Inc, Qualcomm Technologies, Inc, MediaTek Inc., Intel Corporation, Renesas Electronics Corporation, Murata Manufacturing Co., Ltd., Japan Aviation Electronics Industry, Ltd. (JAE)., Sony Corporation, Toshiba Corporation, and others.

The Wi-Fi 6 segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Wi-Fi Chipset Market Report Scope
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