Wi-Fi Chipset Market Size, Share, Growth Analysis, By MIM Configuration (SU-MIMO and MU-MIMO), By Band Type (Dual Band, Tri Band), By Application (Camera and Smart Home Devices), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG50B2031 |
Region:
Global |
Published Date: November, 2024
Pages:
187
|Tables:
0
|Figures:
0
Wi-Fi Chipset Market Insights
Wi-Fi Chipset Market size was valued at USD 25.29 Billion in 2023 and is poised to grow from USD 26.81 Billion in 2024 to USD 42.79 Billion by 2032, growing at a CAGR of 6.02% during the forecast period (2025-2032).
The need for wireless chipsets has increased due to the extensive global usage of the Internet of Things (IoT) in the commercial, industrial, and residential sectors. Improved productivity, flexibility, dependability, high security, higher output, quicker processing, more convenient living, and cost-effectiveness are all benefits of automation integration across applications. The growth of the wireless chipset market is expected to be driven in the forthcoming years due to the rising number of devices connected to different industries. For instance, the European Telecommunications Network Operators’ Association (ETNO) indicates that there are currently close to 16 million installed Internet of Things connections in smart buildings across Europe and this number is forecasted to reach 154 million by the end of 2025.
Additionally, the growth of the wireless chipset market is expected to be impacted by an increase in criminal activities, as well as increased government initiatives and plans to encourage the construction of advanced real-time surveillance technologies to provide enhanced security. Given this, automation is probably going to raise the need for wireless chipsets globally. The increasing need for high-performance network connectivity—which enables numerous users to access simultaneously at a consistent bandwidth capacity—is the reason for the significant growth. These services' improved range, stable communication, and reduced latency will improve the user experience.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Wi-Fi Chipset Market Segmental Analysis
The global Wi-Fi chipset market is segmented based on MIM configuration, band type, application, and region. in terms of MIM configuration, the market is bifurcated into SU-MIMO, and MU-MIMO. Based on band type, the market is trifurcated into single band, dual band, and tri band. Based on band type, the market is segmented into cameras, smart home devices, consumer devices, gaming devices, drones, AR/VR headsets, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Analysis by MIM Configuration
As per categorization by MIM configuration, the market is classified as SU-MIMO, and MU-MIMO. Among these, SU-MIMO earned the largest share and continues to hold the dominant global Wi-Fi chipset market share. The global Wi-Fi chipset market is increasingly leveraging SU-MIMO (single-user multiple input multiple output) technology, which enhances data throughput and network efficiency by allowing simultaneous communication between the router and multiple devices. SU-MIMO is more popular as users experience its capability to enhance throughput and connectivity in congested spaces where applications such as 4K streaming and gaming are common. Its effectiveness in providing reliable, high-speed internet with low latency makes it one of the forces behind the changing face of Wi-Fi.
MU-MIMO (multi-user multiple input multiple output) technology is poised to be the fastest-growing segment in the global Wi-Fi chipset market due to its ability to handle simultaneous communication with multiple devices, significantly improving network efficiency. As more and more devices are connected to a home or business environment, MU-MIMO is a bandwidth changing technology which helps to minimize the congestion experienced on the networks. This feature is important for applications such as video conferencing, gaming, and connecting to many Internet of Things devices. As users are shifting towards Wi-Fi 6 and 6E standards, MU-MIMO technology will be embraced quickly as it will improve performance in crowded regions more than other competing technologies.
Analysis by Band Type
Dual-band technology, which supports both 2.4 GHz and 5 GHz frequency bands, is a key innovation in the global Wi-Fi chipset market, offering enhanced flexibility and performance. Dual band chipsets alleviate congestion on the 2.4 GHz band while enhancing speed on the 5 GHz band which enables devices to function on two different bands. Such flexibility is important in boosting the network’s dependability and has applications in regions with heavy usage such as video games and video transmissions. Consumers prefer dual-band technology owing to its advantages of maximizing range, minimizing disturbances and ensuring a consistent link even with numerous devices.
The Tri Band technology, which comprises a total of three frequency bands including 2.4 GHz, 5 GHz and an extra 5 or 6 GHz bands, is projected to be the fastest growing segment in the global Wi-Fi chipset market due to its high capacity provides and clears out congestion very swiftly. As demand for high-speed internet rises with the proliferation of IoT devices, streaming, and gaming, tri-band Wi-Fi offers optimal performance by balancing network traffic across three bands. This results in faster speeds, reduced latency, and enhanced overall capacity. The rise of Wi-Fi 6 and upcoming Wi-Fi 6E standards, which leverage tri-band capabilities, is accelerating its adoption.
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Wi-Fi Chipset Market Regional Insights
North America dominates the global Wi-Fi chipset market due to its advanced technological infrastructure, high adoption rate of smart devices, and strong demand for high-speed internet. The oversaturation of investment towards research and development especially dedicated to the improvement of Wi-Fi 6 and 6E technologies, enhances the region’s leadership even further. Moreover, the spread of connected devices in industries like healthcare, education, and recreation creates a very high demand for reliable high-performance wireless solutions. The existence of leading chipset producers coupled with ever-evolving networking technologies helps North America remain a crucial pillar in the expansion process of the global Wi-Fi chipset market dynamics.
Europe is the fastest-growing region in the global Wi-Fi chipset market due to its rapid adoption of advanced Wi-Fi technologies, such as Wi-Fi 6 and Wi-Fi 6E. The upsurge in smart homes, IoT devices and an array of digital services is resulting in high demand for high-speed internet leading to market growth. Additionally, the emphasis on digitalization in Europe and significant investments in network facilities creates a need for more efficient and high-capacity Wi-Fi systems. Further, the developments of remote working, shopping over the internet and a need for uninterrupted connectivity expedite the use of Wi-Fi chipsets, hence Europe’s remarkable growth in the market.
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Wi-Fi Chipset Market Dynamics
Drivers
Growing Demand for High-Speed Internet
- The growth of the global Wi-Fi chipset market is substantially influenced by the growing demand for high internet speed due to the available applications such as 4k streaming services, gaming, and teleworking. Everyone, including consumers and businesses, is looking for enhanced and reliable internet connectivity which has led to the innovation and uptake of new Wi-Fi chipsets with advanced features, especially Wi-Fi 6.
Proliferation of IoT Devices
- The rapid expansion of the Internet of Things (IoT) across industries like healthcare, smart homes, and manufacturing is driving the global Wi-Fi chipset market trends. With the increasing number of devices connected to networks, the need for better chipsets that can support connectivity to many devices at the same time increases, thereby forcing manufacturers to come up with new wireless communication technologies.
Restraints
Spectrum Congestion and Network Slowdown
- Wi-Fi 6 and Wi-Fi 6E being the latest technologies may be compatible disadvantages with clients based on the fact that many older devices do not support these features. This prevents the deployment of the latest chipsets, as some users on the network have legacy devices and are unwilling to upgrade or are unable to connect thus limiting the market growth for such solutions.
Limited Compatibility with Legacy Devices
- Wi-Fi 6 and Wi-Fi 6E being the latest technologies may be compatible disadvantages with clients based on the fact that many older devices do not support these features. This prevents the deployment of the latest chipsets, as some users on the network have legacy devices and are unwilling to upgrade or are unable to connect thus limiting the market growth for such solutions.
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Wi-Fi Chipset Market Competitive Landscape
Innovation and strategic alliances are robust in the competitive environment of the global Wi-Fi chipset market. Most market players are geared towards advancing their chipsets in response to the increasing demand of fast and reliable connectivity. Qualcomm, Broadcom, Intel, MediaTek, and Marvell Technology are commanding the market with their latest offering most of which are already optimized for Wi-Fi 6 and Wi-Fi 6E. These global giants of the industry put a large percentage of their revenues into R&D. In addition, they also engage in ruthless mergers and acquisitions, enter different partnerships and expand their product lines to remain competitive in this fast-paced sector.
Top Player’s Company Profiles
- Qualcomm (USA)
- Broadcom (USA)
- Intel (USA)
- MediaTek (Taiwan)
- Marvell Technology (USA)
- NXP Semiconductors (Netherlands)
- Realtek Semiconductor (Taiwan)
- Texas Instruments (USA)
- Cypress Semiconductor (USA)
- Broadcom (Singapore)
- ON Semiconductor (USA)
- MaxLinear (USA)
- Samsung Electronics (South Korea)
- Huawei Technologies (China)
- Skyworks Solutions (USA)
Recent Developments
- In July 2024, Qualcomm declared the commencement of independent chipset development, specifically the latest hyperlink 7 chipset, which is meant for future applications like 8k video calls, cloud gaming, and so on that would require super-fast internet connections. The said chipset features improved performance with less latency and is aimed at the customer segment as well as the enterprises for their next generation networking solutions.
- In June 2024, Broadcom presented its novel series of chipsets for Wi-Fi 6E which enhances high-performance applications in congested regions, extending its use to aircraft, vessels and workspace. This chipset is designed with smart homes, smart offices and smart buildings in mind, to achieve faster speeds, increased ranges and minimized interference allowing multiple connections across several devices, improving user interaction.
- In May 2024, MediaTek introduced its Dimensity Wi-Fi 7 SoC, which has improved speed and connectivity in residential and commercial settings. The SoC accommodates ultra-low latency and multi-users; thus, capable of use in sectors with heavy demand such as gaming and IoT. Considering how fast the demand for wireless technology is growing, it is expected that MediaTek's Wi-Fi 7 developments will address this issue.
Wi-Fi Chipset Key Market Trends
- Transition to Wi-Fi 6 and Wi-Fi 6E: The shift towards Wi-Fi 6 and Wi-Fi 6E technologies is accelerating, driven by demand for higher speeds, lower latency, and greater capacity. This pattern inclines the manufacturers to come up with more sophisticated chipsets that offer the most recent standards for both individual and business purposes in what is proving to be a more connected world.
- Rise in IoT Device Connectivity: The rapid proliferation of IoT devices is significantly boosting the demand for high-performance Wi-Fi chipsets. With the growing demand for high-speed and uninterrupted connections across more devices, the wireless technology industries have been on the rise in design and production of Wi-Fi chipset aimed at enhancing the quality of the performance for example in smart homes, industrial IoT, and healthcare.
Wi-Fi Chipset Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global Wi-Fi chipset industry is experiencing rapid growth due to the rising demand for high-speed internet and the proliferation of IoT devices. Advanced technologies like Wi-Fi 6 and 6E, alongside the adoption of SU-MIMO and MU-MIMO, are driving innovation. The market's expansion is further supported by increasing government initiatives to bolster connectivity.
With the emergence of challenges such as spectrum congestion and compatibility with older devices, stakeholders are concentrating on resolving these issues. Due to considerable expansion in North America and Europe, the market is still set for further transformation in response to the future demands of connection.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 23.85 Billion |
| Market size value in 2031 | USD 40.36 Billion |
| Growth Rate | 6.02% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Wi-Fi Chipset Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Wi-Fi Chipset Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Wi-Fi Chipset Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wi-Fi Chipset Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wi-Fi Chipset Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wi-Fi Chipset Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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