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 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.

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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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