New York, United States, Jan. 18, 2023 (GLOBE NEWSWIRE) -- According to a research report published by Spherical Insights & Consulting, the Global Wi-Fi Chipset Market Size to grow from USD 18 billion in 2021 to USD 25 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 4% during the forecast period. Due to elements including the rising demand for WIGIG wireless technology, the market is growing. The global Wi-Fi Chipset Market study offers a thorough analysis of the market.
Key Insights
- The global Wi-Fi Chipset market was valued at USD 18 billion in 2021.
- The market is growing at a CAGR of 4% from 2022 to 2030
- The global Wi-Fi Chipset market is expected to reach USD 25 billion by 2030
Get a Free Sample Copy of This Report @ https://www.sphericalinsights.com/request-sample/1440
Wi-Fi has replaced traditional internet connectivity in practically every industry. The services that are easily accessible, straightforward, and rapid thanks to technology advancements are what attract customers most to wireless connectivity. Wi-Fi is currently the most widely used consumer electronics technology. There are currently numerous Wi-Fi connection spots in every house and business. Every subscriber has two or more devices with Wi-Fi capabilities, including a laptop, a smartphone, and a smartwatch. As a result, each access point must be able to support more Wi-Fi connections each year. Multiple Wi-Fi connections would require additional channels and better spectral efficiency to quickly connect such a large number of devices.
The demand for Wi-Fi technologies that support MU-MIMO and gigabit data transfer speeds, such as 802.11ax, 802.11ay, and 802.11ac Wave 2, which operate across a 60GHz band, is predicted to rise as a result of this factor. A piece of internal hardware known as a Wi-Fi semiconductor chipset was developed to enable communication between two wireless technology-capable devices. This kind of Wi-Fi semiconductor chipset is present in all wireless devices, including mobile phones, laptops, desktop computers, and other gadgets. Wi-Fi semiconductor chipset is widely used in a variety of automation systems, including industrial and home automation, in addition to these devices. Due to elements including the rising demand for WIGIG wireless technology, the market is growing. Multi-gigabit per second wireless communication technology was developed and promoted by a trade association called the Wireless Gigabit Alliance (WiGig), which operates in the unlicensed 60 GHz frequency band. The alliance was acquired into the Wi-Fi Alliance in 2013. This alliance is made up of several well-known technology firms, including Cisco, Dell, Huawei Technologies, Intel, Apple, Microsoft, NEC, and NVIDIA. WiGig technology is faster and more capable of data transport than Wi-Fi.
Browse key industry insights spread across 225 pages with data tables and figures & charts from the report “Global Wi-Fi Chipset Market Size, Share, and COVID-19 Impact Analysis, By Product (Smartphones, Tablet, PCS Access Points, Others), By Band (Single Band, Dual Band, TRI Band), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030” https://www.sphericalinsights.com/reports/wi-fi-chipset-market
One issue that is expected to slow the growth of the Wi-Fi Chipset industry is the existence of cyber and security concerns. The Wi-Fi chipset industry is still expanding steadily despite ongoing security concerns and data breaches. The cyber network's use of sophisticated hacking techniques makes internet connectivity less reliable. Despite security measures like WEP and WPA, data leaks and hacking incidents have been widespread. Wi-Fi connections give hackers access to vulnerable points where they can obtain private information and cause serious harm.
In 2021, Smartphones segment is dominating the market with the largest market share.
Based on type, the global Wi-Fi Chipset market trends is segmented into smartphones, tablets, PCS, Access Points, Others. With the biggest market share of these, the smartphones segment is currently ruling the industry. Due to technical advancements and smartphones' low price, the market for smart devices is expanding quickly. Thanks to the prevalence of wireless technology in smartphones, users now find it easier to use wireless applications. The chipsets in smartphones provide connectivity, whether it is 2G/3G or Wi-Fi. The digital market, which has always tried to advance, has witnessed a boom in the tablet sector since tablets began to displace laptops.
Single Band segment holds the largest market share over the forecast period.
On the basis of band, the global Wi-Fi Chipset market growth is segmented into single band, dual band, TRI band. Among them, the single band segment is expected to have the highest market share. The Single-band Wi-Fi chipset has very integrated plug and play features. It is an embedded wireless subsystem with a small form factor that consists of a Wireless LAN (WLAN) stack, supplicant, and TCP/IP stack. Dual-band Wi-Fi chipsets are a significant player in the Wi-Fi chipset market because they allow clients and routers to send and receive data simultaneously over multiple bands, improving the speed and quality of connections. Single and dual band chipsets are no longer the only Wi-Fi solutions available today. There is now a tri-band Wi-Fi chipset with built-in multi-gigabit performance.
Report Scope
| Report Metric | Details |
| Market Size 2030 | USD 25 Billion |
| CAGR | 4% (2020-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Segments Covered | By Product, By Band, By Region |
| Report Coverage | Drivers, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa and Rest of the World |
| Key Companies Profiled/Vendors | Quantenna Communications Inc., STMicroelectronics N.V., BROADCOM, QUALCOMM, Intel Corporation, Samsung Electronics Co. Ltd., Peraso Technologies, Inc., Cypress Semiconductor Corporation, Marvell Technology Group Ltd. |
Buy Now Full Report @ https://www.sphericalinsights.com/checkout/1440
Asia Pacific region is dominating the market with the market share of 41% during the forecast period.
Due to increased efforts to promote the allocation of new frequency bands for next generation Wi-Fi in the area, Asia Pacific, which now owns the greatest market share of 41%, is expected to experience overall growth of 4% during the upcoming years.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Wi-Fi Chipset market based on the below-mentioned segments:
Wi-Fi Chipset Market, By Product
- Smartphones
- Tablet
- PCS Access Points
- Others
Wi-Fi Chipset Market, By Band
- Single Band
- Dual Band
- TRI Band
Regions Covered
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
List of Key Market Players
- Quantenna Communications Inc.
- STMicroelectronics N.V.
- BROADCOM
- QUALCOMM
- Intel Corporation
- Samsung Electronics Co. Ltd.
- Peraso Technologies, Inc.
- Cypress Semiconductor Corporation
- Marvell Technology Group Ltd.
Get a Discount on Report at https://www.sphericalinsights.com/request-discount/1440
Market News
- In December 2021, the Guam Singapore Connectivity Consortium have announced that it is going to provide high speed data assistance to research institutes in Asia.
Have a Look at the Related Research Report?
Global Semiconductor IP Market Size, Share, and COVID-19 Impact Analysis, By Core Type IP (Hard Core, Soft Core) By Design IP (Interface IP, Processor IP, Memory IP, Others) By Source IP (Licensing IP, Royalty IP) By Industry (Consumer Electronics, Automotive, Industrial, IT & Telecommunication, Defence, Others) By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) Analysis and Forecast 2021 – 2030
Global Precision Resistor Market Size, Share, and COVID-19 Impact Analysis, By Type (Precision Wire Wound Resistors, Precision Meta Foil Resistors, Precision Metal Film Resistors) By Application (Test & Measurement Equipment, Semiconductor, Medical Equipment, Industrial Automation, Telecommunications, Others (Automotive and Others) By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030)
Global Electronic Security Market Size, Share, and COVID-19 Impact Analysis, By Component (Solution [Access & Control System, Surveillance & Alert System, Anti-Theft System, Antiterrorist & Inspection Equipment], Service [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Connectivity (Ethernet, Wireless, Cellular), By Application (Environmental, Public Sector, Custom Service Sector, Postal, Telecommunications, Residential), Analysis and Forecast 2021 – 2030)
Global Enterprise Software Market Size, Share, and COVID-19 Impact Analysis, By Type (Business Intelligence (BI), Supply Chain Management (SCM), Web Conferencing Collaboration) By Organization Size (Small And Medium Enterprises, Large Enterprises) By Vertical (Energy And Utilities, Healthcare, Transportation, IT Communication) By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030
FAQs are covered of Fermentation Chemicals Market
How big is the Wi-Fi Chipset market?
Who are the key players in the Wi-Fi Chipset market?
What are the segments in the Wi-Fi Chipset market?
What are the major factors driving Wi-Fi Chipset market?
About the Spherical Insights
Spherical Insights is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
Contact Us:
Company Name: Spherical Insights
Email: sales@sphericalinsights.com
Phone: +1 303 800 4326 (US)
Follow Us: LinkedIn | Facebook | Twitter
