Chicago, Aug. 10, 2023 (GLOBE NEWSWIRE) -- The Wi-Fi Chipset Market by IEEE Standard (802.11be, 802.11ax, 802.11ac), End-use application (Consumer, Smarthome, AR/VR, Networking Devices), Band, MIMO configuration, Vertical and Geography", Growing number of public Wi-Fi hotspots, adoption of Internet of Things (IoT), growth of Wi-Fi in enterprise and business, rising need for faster data transfer and significant increase in the internet penetration rate are significant driving factors in the Wi-Fi chipset market during the forecast period.
The growth of the Wi-Fi chipset market would also largely depend on the success of new Wi-Fi technologies, including IEEE 802.11ad (WiGig), and 802.11ax standards. However, several factors, such as the decline in the shipment of tablets and PCs over the last few years and long standardization and certification time, are hindering the growth of the Wi-Fi chipset market. Moreover, increase in coexistence issues with LTE in LTE-U due to the use of 5 GHz band is a major challenge for Wi-Fi chipset manufacturers
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42186393
Wi-Fi Chipset Market Report Scope
| Report Attributes | Details |
| Market Size Value in 2021 | USD 19.7 Billion |
| Revenue Forecast in 2026 | USD 25.2 Billion |
| Growth Rate | 4.2% |
| Base Year Considered | 2021 |
| Historical Data Available for Years | 2017–2026 |
| Forecast Period | 2021–2026 |
Key Market Players in Wi-Fi Chipset Market
- ASUS (Taiwan),
- D-Link (Taiwan),
- Fibocom (China),
- Quectel (China),
- Peraso Technologies, Inc. (Canada),
- Simcom Wireless Solutions Limited (China),
- Dell Technologies (US),
- Cypress Semiconductor Corporation (US)
“Browse in-depth TOC on "Wi-Fi Chipset Market Trends, Growth Drivers"
147 – Tables
62 – Figures
235 – Pages
Driver: Growing number of public Wi-Fi hotspots and adoption of IoT
Restraints: Fall in shipments of PCs and tablets
MU-MIMO configuration is projected to witness the highest CAGR for the forecast period
MU-MIMO are expected to hold a major share during the forecast period. The growing penetration of MU-MIMO Wi-Fi chipsets in enterprise and consumer access point equipment is expected to be the major driver for its growth during the initial years of commercialization. The adoption of these chipsets in smartphones, 4K TVs, and gaming consoles is expected to accelerate the growth of the MU-MIMO Wi-Fi segment during the latter half of the forecast period.
Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=42186393
802.11ax to account for largest share of Wi-Fi chipset market during forecast period
802.11ax is expected to witness rapid growth in the overall Wi-Fi chipset market. This standard is expected to offer the highest spectral efficiency among all other existing IEEE 802.11 standards and is predicted to have a top speed of around 10 Gbps (as tested by Huawei Technologies Co. Ltd (China)). However, to meet the emerging demands for faster speed, a new amendment standard—IEEE 802.11be – Extremely High Throughput (EHT), also known as Wi-Fi 7—is anticipated to be released in March 2021. This new additional 6 GHz band with new features, including speeds up to 320-MHz bandwidth, will help achieve the target of EHT—a maximum throughput of at least 30 Gbps. It will find applications in high-throughput and low-latency services, such as 4K/8K video streaming, AR/VR applications, and online gaming.
Top of Form
Bottom of Form
APAC is attributed to grow at the highest CAGR in the Wi-Fi chipset market during ther forecast period (2021-2026)
APAC accounted for the largest share of the global Wi-Fi chipset market and is expected to become the largest market for Wi-Fi chipsets by 2026, accounting for an estimated 50% share of the market, in terms of volume There are several consumer electronics product manufacturers operating in China, South Korea, and Japan, such as Samsung Electronics Co. Ltd. (South Korea), Huawei Technologies Co. Ltd. (China), ZTE Corporation (China), and Sony Corporation (Japan). The large pool of consumer electronics manufacturers and low-cost manufacturing of Wi-Fi chipsets in China have led to the largest share of Asia Pacific in the Wi-Fi chipset industry.
Related Reports:
Wireless Connectivity Market by Connectivity (Wi-Fi, Bluetooth Classic, Bluetooth 4X, Bluetooth 5X, ZigBee, Z-Wave, UWB, NFC, Thread, GNSS, Cellular, EnOcean, Sigfox, LoRa, LTE Cat-M1, NB-IoT), End-use and Region - Global Forecast to 2027
https://www.marketsandmarkets.com/Market-Reports/wireless-connectivity-market-192605963.html
