Wi Fi Chipset Market Size, Share, Industry Trends and Forecast to 2030

Wi-Fi Chipset Market Size & CAGR in 2021

The global Wi-Fi chipset market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.2% from 2021 to 2028. The market size is projected to reach USD 22.5 billion by 2028.

COVID-19 Impact on the Wi-Fi Chipset Market

The COVID-19 pandemic has significantly impacted the Wi-Fi chipset market. With the shift towards remote work and online learning, there has been an increased demand for devices with reliable Wi-Fi connectivity. As a result, the market for Wi-Fi chipsets has witnessed a surge in sales and adoption during the pandemic.

Wi-Fi Chipset Dynamics

The Wi-Fi chipset market is driven by the increasing adoption of smart devices, the development of smart cities and IoT applications, and the growing demand for high-speed internet connectivity. With the proliferation of Wi-Fi enabled devices and the need for seamless connectivity, the demand for robust Wi-Fi chipsets continues to grow.

Segments and Related Analysis

The Wi-Fi chipset market can be segmented based on type, application, and end-user. Types of Wi-Fi chipsets include single-band, dual-band, and tri-band chipsets, while applications range from smartphones and tablets to smart home devices and industrial IoT applications. End-users of Wi-Fi chipsets include consumer electronics, automotive, healthcare, and others.

By Region Analysis

The Wi-Fi chipset market is analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is a key market for Wi-Fi chipsets, driven by the presence of major technology companies and high consumer adoption of smart devices. The Asia Pacific region is also experiencing significant growth in the Wi-Fi chipset market due to the increasing penetration of smartphones and rapid technological advancements.

Key Market Players and Competitive Landscape

Key players in the Wi-Fi chipset market include Qualcomm, Broadcom, MediaTek, Intel, Marvell Technology, Cypress Semiconductor, Texas Instruments, Realtek Semiconductor, STMicroelectronics, and Infineon Technologies. These companies are focusing on product innovation, partnerships, and acquisitions to maintain their competitive edge in the market.

Recent Happenings in the Wi-Fi Chipset Market

- In May 2022, Qualcomm announced the launch of its latest Wi-Fi 7 chipsets, offering unprecedented speed and reliability for next-generation wireless connectivity. - Broadcom unveiled its advanced Wi-Fi 6E chipsets in April 2022, catering to the increasing demand for high-performance Wi-Fi solutions in smart homes and businesses. - MediaTek introduced its newest Wi-Fi 6 chipsets in March 2022, targeting the growing market for high-speed connectivity in smartphones, laptops, and IoT devices. - Intel announced its collaboration with leading OEMs to integrate Wi-Fi 6 chipsets in a range of computing devices, enhancing user experience and connectivity options.