REPORT SCOPE & OVERVIEW:
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.
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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.
MARKET DYNAMICS
KEY DRIVERS:
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)
RESTRAIN:
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.
OPPORTUNITY:
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
CHALLENGES:
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.
IMPACT OF RUSSIAN UKRAINE WAR
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.
IMPACT OF ECONOMIC SLOWDOWN
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
SU-MIMO
MU-MIMO
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.
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.
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
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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.
REGIONAL 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
Some of the major 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, and Other players.
RECENT DEVELOPMENT
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
| 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) |
| OPPORTUNITIES |
• Untapped Potential in Developing Economies • Focus on Miniaturization and Power Efficiency |
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.
TABLE OF CONTENTS
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
9.3 SU-MIMO
9.4 MU-MIMO
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
14.3.1.1 Poland
14.3.1.2 Romania
14.3.1.3 Hungary
14.3.1.4 Turkey
14.3.1.5 Rest of Eastern Europe
14.3.2 Western Europe
14.3.2.1 Germany
14.3.2.2 France
14.3.2.3 UK
14.3.2.4 Italy
14.3.2.5 Spain
14.3.2.6 Netherlands
14.3.2.7 Switzerland
14.3.2.8 Austria
14.3.2.9 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
14.5.1.1 UAE
14.5.1.2 Egypt
14.5.1.3 Saudi Arabia
14.5.1.4 Qatar
14.5.1.5 Rest of the Middle East
14.5.2 Africa
14.5.2.1 Nigeria
14.5.2.2 South Africa
14.5.2.3 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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