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The Wireless Chipset Market size is estimated to grow by USD 14 billion at a CAGR of 3.51% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. The increasing popularity of smartphones and the resulting demand for advanced connectivity solutions are primary catalysts. Furthermore, the adoption of smart city initiatives and the proliferation of connected devices are expanding the market's scope. Additionally, the need for reliable connectivity in rural and remote areas is creating new opportunities. These trends are expected to continue, fueling the growth of the market in the coming years.
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The market is witnessing significant growth due to the increasing demand for high-speed internet and connected devices in various sectors, including residential, industrial, and commercial. Wireless chipsets play a crucial role in enabling productivity, adaptability, dependability, high security, increased output, faster processing, and convenient living. The market is driven by the growing popularity of Wi-Fi technologies, such as LTE, LTE-U, and 5 GHz band, in Public Wi-Fi hotspots and smart home applications. Wi-Fi chipsets are essential components of voice assistants, smart thermostats, smart lighting, security cameras, and smart appliances. The demand for these devices is increasing due to their ability to provide high bandwidth and coverage, making them ideal for applications that require real-time data transfer. The Wi-Fi chipset market is expected to grow at a rapid pace due to the increasing adoption of these technologies in various industries and sectors. The industrial sector is expected to be the largest contributor to the growth of the market due to the increasing demand for automation and high-speed internet in manufacturing and industrial processes. The commercial sector is also expected to witness significant growth due to the increasing adoption of smart buildings and office spaces. Overall, the Wi-Fi chipset market is poised for growth due to the increasing demand for connected devices and high-speed internet in various applications.
One of the key factors driving the market growth is the growing demand for connectivity in rural and remote areas. There has been an increase in demand for reliable and high-speed connectivity, especially in rural and remote areas. It has resulted in the significant growth of the global market as it provides an efficient, cost-effective, and reliable means of offering wireless connectivity to these areas.
Moreover, the technology can offer a wireless solution for last-mile connectivity in rural and remote areas as well as provide high-speed data transmission over long distances without the requirement for any physical cables or fiber optic networks. As a result, it becomes the best option for offering connectivity to areas where it would otherwise be difficult or costly to lay cables. Hence, such factors are expected to drive the market during the forecast period.
A key factor shaping the market growth is the integration of AI. The integration of AI in chipsets improves their capabilities, facilitating devices to execute sophisticated tasks and make intelligent decisions locally. As a result of this integration with AI, it opens up new opportunities and applications across different industries fuelling the demand for advanced chipsets.
Additionally, the rising adoption of AI-powered devices and applications is one of the key factors positively impacting the market. Furthermore, there is significant implementation of AI algorithms and machine learning (ML) techniques in various devices such as smartphones, smart home devices, wearables, and industrial sensors. Hence, such factors are expected to drive the market during the forecast period.
Complications of patterns and functional defects in the manufacturing process are one of the key challenges hindering the market. Small dust particles significantly impact the overall manufacturing and fabrication process. As a result, such processes can be executed only in clean rooms and with clean equipment for manufacturing. Additionally, manufacturing defects can lead to disruptions in the supply chain and result in an extra loss in the form of the cancelation of orders.
Furthermore, there is an increase in the complexity due to the increasing need for their size reduction and high density. Additionally, the manufacturing process might require new equipment as the shrinkage in the node becomes complex. Hence, such factors are expected to hinder market during the forecast period.
The computers and laptops segment is estimated to witness significant growth during the forecast period. They play an essential role in facilitating wireless connectivity and improving the functionality of computers and laptops. Wi-Fi connectivity in computers and laptops is one of the main applications. Wi-Fi chipsets are embedded in most modern laptops and computers enabling users to connect to wireless networks and access the Internet without the need for physical Ethernet cables. Hence, there is an increase in Wifi-chipsets as there is an increase in remote work culture, which requires wireless connectivity for their daily tasks.
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The computers and laptops segment was the largest segment and was valued at USD 21.03 billion in 2018. Bluetooth connectivity is another significant application as it facilitates users to connect their computers or laptops to Bluetooth-enabled devices such as speakers, headphones, keyboards, and mouse wirelessly. Therefore, it enables a wireless and smooth user experience. Chipsets supporting technologies such as Mracast or WiDi enable users to wirelessly mirror their computer or laptop screens onto larger displays, such as TVs or projectors, without the need for cables. Mracast or WiDi are some of the chipset-supporting technologies which allow users to wirelessly mirror their computer or laptop screens onto larger displays, such as TVs or projectors, without the requirement for cables. It can be widely used for presentations, video conferencing, gaming, and other multimedia purposes. Hence, such applications are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
The rising digitalization is fuelling the growth of the Wi-Fi chipset segment which, in turn, increases the market growth. A Wi-Fi chipset is an essential component in wireless communication devices, facilitating the devices to connect to wireless local area Wi-Fi networks. Several electronic devices such as smartphones, tablets, laptops, routers, smart home devices, and IoT gadgets are equipped with WiFi chipsets. One of the main reasons which is fuelling the growth of this segment is the rising digitalization across various industries. Over the years, there is an increasing shift towards digital technologies to stay competitive, improve operational efficiency, and offer better customer experiences. Hence, such factors are expected to fuel the demand for this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The main factor which is significantly contributing to the growth of the global market in APAC is the presence of several prominent market players such as Taiwan Semiconductor Manufacturing, United Microelectronics, Samsung, and Semiconductor Manufacturing International. There is an increasing investment by these manufacturers to build new fabs.
For instance, in December 2020, Qualcomm Technologies, Inc., LG Uplus, and LG Electronics announced that they had successfully deployed South Korea's first 5G mmWave network using a commercial 5G smartphone at the Kumoh National Institute of Technology (KIT). Furthermore, one of the largest consumer segments of semiconductor devices is in APAC contributing to more than 50%of the total revenue of the semiconductor industry. The main reason for this growth is due to the presence of several dominant players such as Samsung, Toshiba, and Panasonic. Hence, such factors are expected to drive market growth in the region during the forecast period.
The market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Accton Technology Corp: The company offers the AR9580 Wi-Fi 5 module, the AR9535 Wi-Fi 4 module, and the AR9331 Wi-Fi 3 module
ALE International: The company offers the AL9220 Wi-Fi 6E module, the AL8801 Wi-Fi 6 module, and the AL7240 Wi-Fi 5 module.
ASUSTeK Computer Inc: The company offers the Intel AX201 Wi-Fi 6 adapter, the Realtek RTL8822CE Wi-Fi 5 adapter, and the MediaTek MT7612U Wi-Fi 4 adapter.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The Market is witnessing significant growth due to the increasing demand for high-performance network connectivity in various sectors, including residential, industrial, and commercial. The adaptability and dependability of wireless chipsets make them an essential component of automation systems, enabling increased productivity and faster processing. In the residential sector, wireless chipsets are used to provide convenient living experiences through smart buildings and home automation. In the industrial sector, they are crucial for real-time surveillance technologies and high-security applications. The Wi-Fi Chipset Market, specifically, is driven by the widespread use of Wi-Fi in consumer electronics such as tablets, wearable tech, and PCs. Industrial Wi-Fi is also gaining popularity due to its constant bandwidth capacity and low latency, making it ideal for multiple users and 5G deployment initiatives in the IT sector. Broadcom is a key player in the market, leading the Wi-Fi 7 ecosystem with its high-performance chipsets. The use of advanced fabrication technologies like silicon-on-insulator (SOI) and the TCP/IP stack enhances the dependability and security of wireless chipsets. The supplicant ensures seamless communication between devices, making them a must-have for WLAN infrastructure in various applications, from commercial to residential.
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Market Scope |
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Report Coverage |
Details |
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Page number |
202 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.51% |
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Market growth 2024-2028 |
USD 14 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.34 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 46% |
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Key countries |
US, China, South Korea, Canada, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accton Technology Corp., ALE International, ASUSTeK Computer Inc., Broadcom Inc., Cisco Systems Inc., EDIMAX Technology Co. Ltd., Huawei Technologies Co. Ltd., Infineon Technologies AG, Intel Corp., Juniper Networks Inc., MediaTek Inc., Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Skyworks Solutions Inc., Sony Group Corp., STMicroelectronics International N.V., and Texas Instruments Inc. |
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Market dynamics |
Parent market analysis, Market forecasting , market growth and trends , market report , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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