Wi-Fi Chipset Market - Technology Growing Rapidly Due to High Quality Standards and Effective Features
Rise in the number of smart-city projects, especially in developing countries in Asia, technological advancements in Wi-Fi technology, and increase in usage of Wi-Fi at homes and enterprises are expected to drive the global Wi-Fi chipset market during the forecast period. Rise in the middle class due to significant economic development and growth are driving the smart-city projects in Asia Pacific.
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For example, the nationally selected smart-city demonstration projects in China (104 projects), the smart-city projects in India (100 projects with initial investment of more than US$ 7.5 Bn), and the Songdo smart-city plans in South Korea are projected to propel the market of Wi-Fi chipset in Asia in the next few years.
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A number of global conglomerates including Google, Larsen & Toubro (L&T), RailTel, and IBM are eying the Wi-Fi network management contracts of the smart-city projects. Technical advancements such as WiGig (Wireless Gigabit) enhances the Wi-Fi experience by providing extended capacity and data transmission speeds up to multi-gigabit per second.
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