Dublin, April 12, 2021 (GLOBE NEWSWIRE) -- The "Wi-Fi Chipset Market with COVID-19 Impact By IEEE Standard (802.11be, 802.11ax, 802.11ac), End-use application (Consumer, Smart home, AR/VR, Networking Devices), Band, MIMO configuration, Vertical and Geography - Forecast 2026" report has been added to ResearchAndMarkets.com's offering.
Wi-Fi has become the most preferred wireless communication technology in consumer electronics in the last 5 years, especially with the enormous growth of Wi-Fi-enabled smartphones and portable wearable devices. Currently, every residential and commercial building has several Wi-Fi access points. Every consumer has 2 or more Wi-Fi-enabled devices, such as laptops, smartphones, or smartwatches. This factor has boosted the demand for Wi-Fi chipsets.
The Wi-Fi chipset market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021-2026).
The 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, the increase in coexistence issues with LTE in LTE-U due to the use of the 5 GHz band is a major challenge for Wi-Fi chipset manufacturers.
The tri band segment is expected to account for a 24% share of the overall Wi-Fi chipset market by 2026. The high growth of the tri-band Wi-Fi chipset segment is attributed to the use of 802.11ac in smartphones and Wi-Fi access point equipment. The upcoming 802.11ax or Wi-Fi 6 is expected to provide 160 MHz channel widths to accommodate data-hungry applications over the 6 GHz band; it could lead to the adoption of Wi-Fi 6 and next-generation security of WPA3
With the emergence of several smart appliances that can connect to the internet and smartphones, the IoT technology market for the consumer electronics segment is expected to witness healthy growth, and so is the Wi-Fi chipset market. Therefore, it tends to hold the major share of the Wi-Fi chipset market during the forecast period. Similarly, wide coverage range, fewer access points, minimized costs, and simplified network deployment are the factors fueling the demand for Wi-Fi 6 in enterprises, which was the second-largest market for Wi-Fi chipsets in 2020.
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 market.
This research report categorizes the Wi-Fi chipset market by standard, multiple-input multiple-output (MIMO) configuration, band, vertical, and end-use application and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the Wi-Fi chipset market and forecasts the same till 2026.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Wi-Fi Chipset Market, by IEEE Standard
7 Wi-Fi Chipset Market, by Band
8 Wi-Fi Chipset Market, by Mimo Configuration
9 Wi-Fi Chipset Market, by Vertical
10 Market Analysis, by End-Use Application (Value & Volume)
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
13.1 Key Players
13.1.1 Qualcomm
13.1.2 Mediatek
13.1.3 Broadcom
13.1.4 Intel Corporation
13.1.5 Texas Instruments
13.1.6 Hewlett Packard Enterprise Co.
13.1.7 STMicroelectronics N.V.
13.1.8 Samsung
13.1.9 Nxp Semiconductors N.V.
13.1.10 on Semiconductor
13.2 Other Company Profiles
13.2.1 Skyworks Solutions, Inc.
13.2.2 Cisco Systems Inc.
13.2.3 Dell Technologies
13.2.4 Cypress Semiconductor Corporation
13.2.5 Commscope Holding Co.
13.2.6 Extreme Networks
13.2.7 Netgear
13.2.8 Asus
13.2.9 D-Link
13.2.10 Fibocom
13.2.11 Quectel
13.2.12 Peraso Technologies Inc.
13.2.13 Simcom Wireless Solutions Limited
13.2.14 Tensorcom Inc.
13.2.15 Rockchip Electronics Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/29sl9j
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