Wireless Communication Chipsets Market: Segmented: By Band (Single & Dual Band, Tri Band), By IEEE Standard (802.11be [Wi-Fi 7], 802.11ax [Wi-Fi 6 and 6E], 802.11 ac [Wi-Fi 5], 802.11ad, 802.11b/g/n), By End Use Application (Consumer Devices, Cameras, Smart Home Devices, Gaming Devices, AR/VR Devices, Mobile Robots, Drones, Networking Devices, mPOS, In-Vehicle Infotainment, Others), By Vertical (Consumer Electronics, Enterprise, Industrial, Retail, BFSI, Healthcare, Automotive, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Wireless Communication Chipsets Market to surpass USD 47.12 billion by 2031 from USD 21.51 billion in 2021 at a CAGR of 8.2% in the coming years, i.e., 2021-2031.
Wireless chipset is a piece of internal hardware that allows wireless communication systems or computers to communicate with other wireless devices. Wireless chipsets are used in hardware components such as external wireless local area network (WLAN) cards or WLAN adapters. Wireless cards using 802.11b or 802.11g wireless technology are the most often used wireless chipset in computers. Laptops, smartphones, tablets, cameras, Smart home appliances, AR/VR gadgets, gaming devices, robotics, mobile robots, drones, and more are all examples of end-use applications for wireless chipsets.
During the forecast period, the growing number of public Wi-Fi hotspots, adoption of the Internet of Things (IoT), growth of Wi-Fi in enterprises and businesses, rising need for faster data transfer, and significant increase in the internet penetration rate will be major driving factors in the Wi-Fi chipset market. The success of new Wi-Fi technologies, such as IEEE 802.11ax standards and IEEE 802.11ad, will also have a big impact on the Wi-Fi chipset market (WiGig).
On the basis of IEEE Standard, the global Wireless Communication Chipsets Market is fragmented into 802.11be (Wi-Fi 7), 802.11ax (Wi-Fi 6 and 6E), 802.11 ac (Wi-Fi 5), 802.11ad, and 802.11b/g/n. Owing to its high spectral efficiency and speed when compared to other standards, the 802.11ax sector is expected to gain the largest market share during the projection period. It is specifically developed to improve real-world performance, particularly in congested areas such as city centers, apartment buildings, and university and business campuses.
Wireless Communication Chipsets Market is classified on the basis of verticals into Consumer Electronics, Enterprise, Industrial, Retail, BFSI, Healthcare, Automotive, and Others. The Consumer Electronics category is expected to take the largest share over the forecast period, owing to the increasing global penetration of consumer devices, particularly smartphones. Wireless Chipsets are widely utilized in key digital consumer electronics such as mobile phones, laptops, tablet computers, and set-top boxes, and demand for these products is growing rapidly around the world.
The Remarkable Growth of Connected Devices
The rise of IoT is likely to result in a large increase in the ownership of connected devices around the world during the forecast period. The massive increase in connected devices will necessitate higher data throughput and capacity, as well as broader coverage, which will likely increase mobile network congestion during the projected period. To address this issue and have a positive impact on the dynamic telecom environment, communication service providers and network operators are projected to implement Wi-Fi hotspot solutions in substantial numbers in the next years.
Shift Towards WiFi-Based Customer Engagement Model
Across segments and verticals, enterprises and businesses of all sizes are progressively migrating to a Wi-Fi-based client interaction strategy. Wi-Fi hotspots are utilized for customer interaction and customer relationship management at coffee shops, airports, hotels, buses, trains, sports stadiums, and retail outlets. Consumers are flocking to the commercial building that provides free Wi-Fi connectivity.
Reduction in the shipment of Tablets and PCs
Despite the overall expansion of the consumer electronics sector, PC and tablet shipments are likely to expand at a marginal rate, owing to the enhanced performance of phablets and lower smartphone prices. Furthermore, when compared to smartphones, the replacement cycle for tablets and PCs is longer. As a result, the growth of the PC and tablet markets is slowing.
Global Wireless Communication Chipsets Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America has the highest growth for wireless communication chipsets, followed by Europe, since these two regions were the first to get benefited from the expansion and technology made possible by the internet. Many counties in these areas have nearly complete internet coverage. Due to a flourishing IT sector, a large mobile-using population base, improved internet infrastructure, and higher disposable income, Asia Pacific is expected to expand demand significantly during the forecast period.
The market researched is growing due to a rising number of usage instances demonstrating the use of 802.15.4-based chipsets for smart homes and other IoT goods. However, owing to the COVID-19 outbreak in the United States, China, and Europe, manufacturing plants may be idle, resulting in a shortage of 802.15.4 chipsets for manufacturers and retailers worldwide.
|Market size value in 2021||USD 21.51 billion|
|Revenue forecast in 2031||USD 47.12 billion|
|Growth Rate||CAGR of 8.2% from 2021 to 2031|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2031|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Band, IEEE Standard, End User Application, Vertical, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||Blu Wireless Technology Ltd, Broadcom Inc., Celeno Communications, Ltd., Cypress Semiconductor Corporation, Espressif Systems Pte., Ltd., Intel Corporation, Marvell Technology Group Ltd., MediaTek Inc., Microchip Technology, Inc., Peraso Technologies, Inc., Qualcomm Technologies, Inc., Quantenna Communications, Inc., Samsung Electronics Co., Ltd., Stmicroelectronics N.V., Texas Instruments Inc., and Other Prominent Players.|
Wireless Communication Chipsets Market size was estimated at USD 21.51 billion in 2021 and is expected to reach USD 47.12 billion in 2031.
Wireless chipsets are internal hardware components that allow a device to communicate with and connect to other wireless devices. A wireless adapter, sometimes known as a chipset internet card, is a piece of internal hardware that allows a computer or wireless communication system to communicate with other devices.
The 802.11ax segment accounted for the largest Wireless Communication Chipsets Market share.
Key players in the Wireless Communication Chipsets Market include Blu Wireless Technology Ltd, Broadcom Inc., Celeno Communications, Ltd., Cypress Semiconductor Corporation, Espressif Systems Pte., Ltd., Intel Corporation, Marvell Technology Group Ltd., MediaTek Inc., Microchip Technology, Inc., Peraso Technologies, Inc., Qualcomm Technologies, Inc., Quantenna Communications, Inc., Samsung Electronics Co., Ltd., Stmicroelectronics N.V., Texas Instruments Inc., and Other Prominent Players.
The market is being driven by consumers' transition to portable devices, as well as an increase in the use of wireless devices, which is increasing the use of wireless chipsets.
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