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Wireless Communication Chipsets Market Segmentation by IEEE Standard (802.11be, 802.11ax, and 802.11ac); and by End User (Consumer, Smart Home, AR/VR, and Networking Devices) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Wireless Communication Chipsets Market Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·    May 2020- Intel announced the acquisition of Rivet Networks to boost Intel’s WiFi offerings for PC platforms by maximizing Wi-Fi bandwidth utilization and optimizing wireless network connection.

·    February 2020- Broadcom announced the launch of world’s first Wi-Fi 6E chip, the BCM4389 for mobile devices.

Global Wireless Communication Chipsets Market Highlights 2022 – 2030

The global wireless communication chipsets market is estimated to garner a sizeable revenue and grow at a robust CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing demand for portable smart devices such as smartphones, laptops and tablets. In 2020, more than 6 billion people used smartphones around the world, which increased up to 6.4 billion in 2021. This number is calculated to reach a value of approximately 7.3 billion by 2025. Along with this, increasing technological advancements in the microelectronic and software sector to improve the functionality and scalability of real-time embedded systems is also expected to drive market growth in the upcoming years. Furthermore, rapid expansion of IT sector in developed and developing countries, and launch of new based brands working on wireless technologies are projected to offer ample growth opportunities to the market in the near future. 

Wireless Communication Chipsets Market

The market is segmented by IEEE standard into 802.11be, 802.11ax, and 802.11ac, out of which, the 802.11ax segment is anticipated to hold the largest share in the global wireless communication chipsets market. This can be accounted to the high spectral efficiency of this standard as compared with other existing IEEE standards. Apart from these, 802.11ax provides an excellent average speed of around 10 Gbps, with a maximum throughput of 30 Gbps. This is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of end user, the consumer segment is assessed to acquire the largest share during the forecast period ascribing to the increasing penetration of consumer devices, majorly smartphones, across the globe. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Wireless Communication Chipsets Market Regional Synopsis

On the basis of geographical analysis, the global wireless communication chipsets market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rising penetration of internet, and growing developments in the IT sector in the region. According to the World Bank, 35.331 percent of the total population of South Asia used internet in 2019, up from only 18.785 percent in 2018.

In addition, large population of mobile users is also projected to bolster the market growth in the region in the coming years. Moreover, the market in North America is expected to gather the largest share during the forecast period, which can be credited to the early adoption of new technologies, and strong presence of major market players in the region.Wireless Communication Chipsets Market

The global wireless communication chipsets market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global wireless communication chipsets market includes the following segments:

By IEEE Standard

  • 802.11be
  • 802.11ax
  • 802.11ac

By End User

  • Consumer
  • Smart Home
  • AR/VR
  • Networking Devices

Growth Drivers

  • Growing Demand for Portable Smart Devices
  • Increasing Technological Advancements in the Microelectronic and Software Sector

Challenges

  • High Manufacturing Cost of Complex Embedded Systems

Top Featured Companies Dominating the Market

  • Intel Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Freescale Semiconductor Inc.
  • GCT Semiconductor Inc.
  • GainSpan Corporation
  • Broadcom Corporation
  • Atmel Corporation
  • Greenpeak Technologies Ltd.
  • Altair Semiconductor, Inc.
  • Ammimon Ltd.
  • Texas Instruments, Inc.

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