The Wi-Fi Chipset Market size was USD 21.62 billion in 2023 and is expected to Reach USD 30.74 billion by 2031 and grow at a CAGR of 4.5 % over the forecast period of 2024-2031.

The expanding number of public Wi-Fi hotspots, the acceptance of the Internet of Things (IoT), the rise of Wi-Fi in industry and commerce, the growing demand for faster data transfer, and the dramatic increase in internet access are all major market drivers. During forecasting, use a Wi-Fi chipset. The success of new Wi-Fi technologies, such as IEEE 802.11ad (WiGig) and 802.11ax standards, will have a big impact on the Wi-Fi chipset market. However, a number of reasons are impeding the growth of the Wi-Fi chipset market, including the recent fall in tablet and PC shipments, as well as the protracted suspension and delay of certification. Furthermore, the utilization of the 5 GHz spectrum has increased LTE co-op problems in LTE-U, posing a big challenge for Wi-Fi chipset manufacturers.

Wi-Fi Chipset Market Revenue Analysis

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As of 2021, computer ownership has become a prevalent feature in American households, with a staggering 89% reported to have at least one computer. This figure demonstrates a substantial increase in technological integration within daily life. In contrast, European households were also notably tech-savvy in 2019, with 83.9% possessing a computer. The data suggests a strong presence of technology across Europe, although slightly lower compared to the U.S. figures. However, the landscape in India appears different, with only 27% of respondents reported to have a computer in 2021. This stark contrast highlights the significant disparity in technological accessibility between regions, showcasing varying levels of digital integration among households globally.



  • Growing Demand for Wireless Connectivity

The increasing popularity of smartphones, laptops, tablets, and other wireless devices necessitates reliable Wi-Fi connections. Every device needing internet access drives up the demand for Wi-Fi chipsets.

  • Need for Faster Speeds and Higher Bandwidth

  • Rise of Smart Homes and the Internet of Things (IoT)


  • Network Security Concerns

The ever-growing landscape of cyber threats necessitates robust security features in Wi-Fi chipsets. Implementing advanced security measures can increase the complexity and cost of chip development, potentially slowing down market growth.


  • Untapped Potential in Developing Economies

The increasing disposable income in developing economies is leading to a surge in demand for electronic devices and internet connectivity. This creates a significant market potential for Wi-Fi chipsets as these regions experience rapid technological adoption.

  • Focus on Miniaturization and Power Efficiency


  • Spectrum Congestion and Interference

Wi-Fi operates in unlicensed radio frequency bands, which are shared by various devices. This shared space can lead to congestion and interference, impacting the performance and reliability of Wi-Fi connections.


The Russia-Ukraine war has cast a long shadow over the Wi-Fi chipset market, disrupting its smooth operation and posing significant challenges.

One of the most concerning aspects is the dependence on the region for crucial materials. Ukraine supplies a whopping 70% of the world's neon, a vital element in laser etching during chip production.  Russia, on the other hand, accounts for 44% of global palladium, another key component.  Any restrictions due to the war can significantly hinder chipset production.

Furthermore, the conflict exacerbates the existing global chip shortage. Estimates suggest the chip shortage could worsen by 10-15% due to the war, further straining an already stretched market. This can potentially lead to production delays of 3-6 months for Wi-Fi chipsets, impacting device manufacturing and launch schedules.

The war has also triggered a 20-30% increase in the prices of essential raw materials needed for chipset production. This surge in material costs, coupled with potential production slowdowns, can lead to a 5-7% rise in the overall price of Wi-Fi chipsets.


The reduced consumer spending amidst economic uncertainty is anticipated to have a ripple effect on the sales of devices reliant on Wi-Fi chipsets such as smartphones and laptops. This may result in a projected decline of 5-10% in device sales, directly impacting the demand for Wi-Fi chipsets. Concurrently, weakened business confidence often accompanies economic slowdowns, potentially leading to a 3-5% reduction in demand for Wi-Fi chipsets used in commercial applications like smart offices and industrial automation. Moreover, as manufacturers contend with shrinking consumer budgets, price wars may emerge, exerting pressure on profit margins across the Wi-Fi chipset market. These combined factors could present challenges, hindering investment in research and development for future innovations within the industry.


By MIMO Configuration



During the forecast period, MU-MIMO is projected to dominate a significant portion of the market share. The increasing presence of MU-MIMO Wi-Fi chipsets in both enterprise and consumer access point devices is anticipated to be the primary growth driver during the initial commercialization phase. Additionally, the uptake of these chipsets in smartphones, 4K TVs, and gaming consoles is poised to further boost the expansion of the MU-MIMO Wi-Fi segment in the latter stages of the forecast period.


  • 802.11be (Wi-Fi 7)

  • 802.11ax (Wi-Fi 6 and 6E)

  • 802.11 ac (Wi-Fi 5)

  • 802.11ad

  • 802.11b/g/n.

The Wi-Fi chipset market is set to experience significant growth, particularly driven by the rapid adoption of the 802.11ax standard. This standard is poised to deliver unparalleled spectral efficiency, surpassing all other existing IEEE 802.11 standards, with an impressive top speed of approximately 10 Gbps. However, to meet the escalating need for even faster speeds, a forthcoming amendment standard—IEEE 802.11be, also known as Wi-Fi 7 or Extremely High Throughput (EHT). This new standard will introduce an additional 6 GHz band, boasting features such as speeds of up to 320-MHz bandwidth, ultimately aiming for a remarkable maximum throughput of at least 30 Gbps. Its applications are expected to be diverse, catering to high-throughput and low-latency services including 4K/8K video streaming, AR/VR applications, and online gaming.

By Band

  • Single & Dual Band

  • Tri Band

By Industry

  • Healthcare

  • Automotive

  • Consumer Electronics

  • Enterprise

  • Industrial

  • Retail

  • BFSI

  • Others

By Application

  • Mobile Robots

  • Drones

  • Networking Device

    • Routers & Gateways

    • Access Points

  • mPos

  • In-Vehicle Infotainment

  • Consumer Devices

    • Smartphones

    • Laptops & PC

    • Tablets

  • Cameras

  • Smart Home Devices

    • Appliances

    • Smart Speakers

  • Gaming Devices

  • AR/VR Devices

  • Others

Wi-Fi Chipset Market Segmentation Analysis

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The North American Wi-Fi chipset market is dominating, driven  by widespread adoption of IoT, increasing use of smart devices, and demand for wireless chipsets, particularly in industrial automation. The region's strong reliance on wireless technologies supports infrastructure for tech firms and industries, ensuring stable network connectivity.

In Europe, the Wi-Fi chipset market is the world's second-largest, fueled by open-source software demand and smartphone adoption in key markets like the UK and Germany. Business, automotive, and smart device sectors' increasing use of Wi-Fi chipsets, along with IEEE standards, boosts the market.

The Asia Pacific market is expected to see the fastest CAGR due to many Wi-Fi chipset manufacturers, government initiatives for public hotspots, and growing Wi-Fi adoption in sectors like education and healthcare. China leads the region's market and is projected as the top Wi-Fi chipset producer by IEEE standards in 2023.



North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America  


Some of the major key players in Wi-Fi chipset market are Broadcom IncMediaTek Inc, Texas Instruments Incorporated, STMicroelectronics N.V, On Semiconductor Co, Cisco Systems Inc, Cypress Semiconductor Corporation, Extreme Networks, D-Link, Intel Corporation, and Other players.


  • In January 2023, MediaTek, a renowned provider of wireless technology, revealed a successful milestone in partnership with Federated Wireless, a prominent innovator in private wireless and shared spectrum services.

  • In April 2022, Broadcom Inc. announced that samples of its complete end to end WiFI solutions, including routers, home gateways, enterprise access points and client devices are available for the 7 chipsets.

Texas Instruments Incorporated-Company Financial Analysis

Company Landscape Analysis

Wi-Fi Chipset Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 21.62 Billion
Market Size by 2031 US$ 30.74 Billion
CAGR CAGR of 4.5% From 2023 to 2030
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments

• By MIMO Configuration (SU-MIMO, MU-MIMO)

• By IEEE Standard (802.11be, 802.11ax, 802.11 Ac, 802.11ad, 802.11b/G/N.)

• By Band (Single & Dual Band, Tri Band)

• By Industry (Healthcare, Automotive, Consumer Electronics, Enterprise, Industrial, Retail, BFSI, Others)

• By Application [Mobile Robots, Drones, Networking Devices (Routers & Gateways, Access Points), mPos, In-Vehicle Infotainment, Consumer Devices (Smartphones, Laptops & PC, Tablets),  Cameras, Smart Home Devices (Appliances, Smart Speakers), Gaming Devices, AR/VR Devices, Others)

Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Broadcom Inc, MediaTek Inc, Texas Instruments Incorporated, STMicroelectronics N.V, On Semiconductor Co, Cisco Systems Inc, Cypress Semiconductor Corporation
Key Drivers  

• Growing Demand for Wireless Connectivity

• Need for Faster Speeds and Higher Bandwidth

• Rise of Smart Homes and the Internet of Things (IoT)


• Untapped Potential in Developing Economies

• Focus on Miniaturization and Power Efficiency

Frequently Asked Questions

Ans: The Wi-Fi Chipset Market size was valued at US$ 21.62 billion in 2023.

North American region is expected to dominate the Wi-Fi Chipset Market.

The key players in Wi-Fi chipset market are Broadcom Inc, MediaTek Inc, Texas Instruments Incorporated, STMicroelectronics N.V, On Semiconductor Co, Cisco Systems Inc, Cypress Semiconductor Corporation, Extreme Networks, D-Link, Intel Corporation, Hewlett Packard Enterprise Co, Samsung Electronics Co, NXP Semiconductors N.V, Skyworks Solutions, Dell Technologies, CommScope Holding Co, ASUS, Qualcomm Technologies and Others.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Ans: The Wi-Fi Chipset Market is to grow at a CAGR of 4.5% over the forecast period 2024-2031.


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact of Russia-Ukraine Crisis

5.2 Impact of Economic Slowdown on Major Countries

5.2.1 Introduction

5.2.2 United States

5.2.3 Canada

5.2.4 Germany

5.2.5 France

5.2.6 UK

5.2.7 China

5.2.8 Japan

5.2.9 South Korea

5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Wi-Fi Chipset Market Segmentation, By MIMO Configuration

9.1 Introduction

9.2 Trend Analysis



10. Wi-Fi Chipset Market Segmentation, by IEEE STANDARD

10.1 Introduction

10.2 Trend Analysis

10.3 802.11be (Wi-Fi 7)

10.4 802.11ax (Wi-Fi 6 and 6E)

10.5 802.11 ac (Wi-Fi 5)

10.6 802.11ad

10.7 802.11b/g/n.

11. Wi-Fi Chipset Market Segmentation, by Band

 ​​​11.1 Introduction

11.2 Trend Analysis

11.3 Single & Dual Band

11.4 Tri Band

12. Wi-Fi Chipset Market Segmentation, by Industry

12.1 Introduction

12.2 Trend Analysis

12.3 Healthcare

12.4 Automotive

12.5 Consumer Electronics

12.6 Enterprise

12.7 Industrial

12.8 Retail

12.9 BFSI

12.10 Others

13. Wi-Fi Chipset Market Segmentation, by Application

13.1 Introduction

13.2 Trend Analysis

13.3 Mobile Robots

13.4 Drones

13.5 Networking Device

13.5.1 Routers & Gateways

13.5.2 Access Points

13.6 mPos

13.7 In-Vehicle Infotainment

13.8 Consumer Devices

13.8.1 Smartphones

13.8.2 Laptops & PC

13.8.3 Tablets

13.9 Cameras

13.10 Smart Home Devices

13.10.1 Appliances

13.10.2 Smart Speakers

13.11 Gaming Devices

13.12 AR/VR Devices

13.13 Others

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Eastern Europe Poland Romania Hungary Turkey Rest of Eastern Europe

14.3.2 Western Europe Germany France UK Italy Spain Netherlands Switzerland Austria Rest of Western Europe

14.4 Asia-Pacific

14.4.1 China

14.4.2 India

14.4.3 Japan

14.4.4 South Korea

14.4.5 Vietnam

14.4.6 Singapore

14.4.7 Australia

14.4.8 Rest of Asia Pacific

14.5 The Middle East & Africa

14.5.1 Middle East UAE Egypt Saudi Arabia Qatar Rest of the Middle East

14.5.2 Africa Nigeria South Africa Rest of Africa

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Colombia

14.6.4 Rest of Latin America

15. Company Profiles

15.1 Broadcom Inc

15.1.1 Company Overview

15.1.2 Financial

15.1.3 Products/ Services Offered

15.1.4 SWOT Analysis

15.1.5 The SNS View

15.2 MediaTek Inc

15.2.1 Company Overview

15.2.2 Financial

15.2.3 Products/ Services Offered

15.2.4 SWOT Analysis

15.2.5 The SNS View

15.3 Texas Instruments Incorporated

15.3.1 Company Overview

15.3.2 Financial

15.3.3 Products/ Services Offered

15.3.4 SWOT Analysis

15.3.5 The SNS View

15.4 STMicroelectronics N.V

15.4.1 Company Overview

15.4.2 Financial

15.4.3 Products/ Services Offered

15.4.4 SWOT Analysis

15.4.5 The SNS View

15.5 On Semiconductor Co

15.5.1 Company Overview

15.5.2 Financial

15.5.3 Products/ Services Offered

15.5.4 SWOT Analysis

15.5.5 The SNS View

15.6 Cisco Systems Inc

15.6.1 Company Overview

15.6.2 Financial

15.6.3 Products/ Services Offered

15.6.4 SWOT Analysis

15.6.5 The SNS View

15.7 Cypress Semiconductor Corporation

15.7.1 Company Overview

15.7.2 Financial

15.7.3 Products/ Services Offered

15.7.4 SWOT Analysis

15.7.5 The SNS View

15.8 Extreme Networks

15.8.1 Company Overview

15.8.2 Financial

15.8.3 Products/ Services Offered

15.8.4 SWOT Analysis

15.8.5 The SNS View

15.9 D-Link

15.9.1 Company Overview

15.9.2 Financial

15.9.3 Products/ Services Offered

15.9.4 SWOT Analysis

15.9.5 The SNS View

15.10 Intel Corporation

15.10.1 Company Overview

15.10.2 Financial

15.10.3 Products/ Services Offered

15.10.4 SWOT Analysis

15.10.5 The SNS View

16. Competitive Landscape

16.1 Competitive Benchmarking

16.2 Market Share Analysis

16.3 Recent Developments

            16.3.1 Industry News

            16.3.2 Company News

            16.3.3 Mergers & Acquisitions

17. Use Case and Best Practices

18. Conclusion


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Secondary Research

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Primary Research

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Data Bank Validation

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