Global Wi-Fi Chipset Market

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: 93 | Figures: 71

Wi-Fi Chipset Market News

  • 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.
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Global Wi-Fi Chipset Market size was valued at USD 23.85 Billion in 2022 poised to grow from USD 25.29 Billion in 2023 to USD 40.36 Billion by 2031, growing at a CAGR of 6.02% in the forecast period (2024-2031).

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. '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)'

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.

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.

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.

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Global Wi-Fi Chipset Market

Report ID: SQMIG50B2031

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