Wi-Fi Chipset Market Outlooks 2021: Market Size, growth rate, Market Segmentation Top Key Players: Qualcomm Incorporated, Broadcom, Intel Corporation

Wi-Fi Chipset Market Snapshot:

The global Wi-Fi chipset market was valued at approximately USD 15.89 billion in 2019, and it is expected to grow with a CAGR of 6.4% to reach USD 22.84 billion by 2029. 

A Wi-Fi chipset is a hardware communication module or a system-on-chip (SoC) that allows a device to communicate with another wireless device. Hardware components such as external wireless local area network (WLAN) cards or WLAN adapters make extensive use of wireless (Wi-Fi) chipset. Moreover, Wi-Fi chipsets are used extensively for several applications in smartphones, personal computers, and laptops, among others. A Wi-Fi chipset is often available in three operating bands — single, dual, and tri bands. 
The rising demand for connected devices, wearable technology, advancements in the Internet of Things (IoT) connections, and the necessity of public Wi-Fi hotspots fuel the growth of the global Wi-Fi chipset market. Wi-Fi chipset use is regulated by the standards set by the Institute of Electrical and Electronics Engineers (IEEE). The latest standard, which was launched in mid-2019, is IEEE 802.11 ax, popularly known as WI-FI6. As per our analysis, Wi-Fi 6 is anticipated to cannibalize the Wi-Fi 4 and other IEEE standards, except IEEE 802.11 ac wave 2 and IEEE802.11 ay.

The last few years have seen significant growth in investments for smart and connected infrastructures among enterprises and governments to enhance connectivity. The availability of low-cost sensors, intelligent systems, and other technologies enables higher investments in connected infrastructure, allowing organizations to generate real-time feedback. Investments in smart infrastructure have been rising across all verticals as players take cognizance of the importance of enhancing customer experience, reducing latency, and improving connectivity.

IT infrastructures are growing in complexity, accommodating more and more diverse end-user devices and Internet of Things (IoT) connections. Today’s applications are more interactive and bandwidth-intensive, generating massive amounts of data that support real-time analytics and problem-solving. This digital transformation requires more distributed and intelligent edge networking capabilities with constantly evolving security. Thus, IT enterprises are investing significantly in smart infrastructure to improve customer experience. For instance, in October 2018, TeamViewer, a remote management solutions provider, invested USD 32 million in smart infrastructure, comprising IoT connectivity and applications. In April 2020, Nokia signed a contract with Central China Holdings Co. Ltd for smart real estate infrastructure. Under this contract, Nokia will provide a range of solutions that will enable Central China Holdings to design and build state-of-the-art developments, which leverage POL, home Wi-Fi, and 5G connectivity for enhanced business, leisure, and quality of life.

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The Major Prominent Players Covered in this Report:
Qualcomm Incorporated
Broadcom
Intel Corporation
Media Tek
SAMSUNG
STMicroelectronics
Cypress (Infineon Technologies)
On Semiconductor
Peraso Technologies
Dialog Semiconductor
Texas Instruments
NXP Semicondcutor

Wi-Fi Chipset Market: Segmentation Overview- By IEEE Standards- IEEE 802.11 ac Wave 2, IEEE 802.11 ac Wave 1, IEEE 802.11 n (SB and DB), IEEE 802.11 ax, IEEE 802.11 ay, IEEE 802.11 ad, IEEE 802.11 b/g- By Band- Dual band, Tri band, Single Band-, By MIMO Configuration- MU-MIMO, SU-MIMO-, By Fabrication Technology- Fin FET, FD-SOI, CMOS Bulk, Others- By Application- Smartphone, Access Point Equipment, PCs, Tablets, Others & More.

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Wi-Fi Chipset in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Wi-Fi Chipset market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Wi-Fi Chipset and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Wi-Fi Chipset. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Impact of COVID-19 on the Wi-Fi Chipset Market:
The Wi-Fi chipset market was observing significant growth before the COVID-19 outbreak on account of the emergence of Wi-Fi 6and IEEE 802.11 ay, as critical new features give Wi-Fi 6 networks and devices the ability to handle high traffic seamlessly and efficiently. The new standard enables more client devices – and many times more IoT devices – to operate unimpeded on the network. It enables the transfer of more audio, video, and other real-time data. Furthermore, the technology was deployed in a number of smartphones, including the Samsung Galaxy S10, Note 10, iPhone 11, and iPhone 11 Pro. These deployments spurred market growth pre-COVID-19. 

The pandemic has brought about unprecedented changes in the market. It has affected business operations and disrupted supply chains with a shortage of raw material and labor. Additionally, the temporary shutdown of electronic retail shops has hindered the sale of new Wi-Fi 6 enabled devices, which adversely affects the Wi-Fi chipset market. Furthermore, considering the short-term manufacturing shutdowns, supply chain disruptions, and the shortage of connected product availability, the IoT connection market is also anticipated to record a decline of 18% in the net addition of devices in 2020. Therefore, Wi-Fi 5 still dominates the market, and it will take another 4–5 years for the technology to be replaced by Wi-Fi 6.

Industry participants also back the decline of the Wi-Fi market in 2020 owing to the ongoing pandemic. For instance, as per Qualcomm, the demand for mobile phone shipments during the second quarter of 2020 dropped to about 21% compared to the previous year. And NXP Semiconductor N.V. witnessed an 18% drop in the second quarter of 2020 compared to the previous year on account of the pandemic.

Key Questions Answered in The Report:
What will the Wi-Fi Chipset market growth rate?
What are the key factors driving the global Wi-Fi Chipset market?
Who are the key manufacturers in the Wi-Fi Chipset market space?
What are the market opportunities, market risk, and market overview of the Wi-Fi Chipset market?
What are sales, revenue, and price analysis of top manufacturers of the Wi-Fi Chipset market?
Who are the distributors, traders, and dealers of the Wi-Fi Chipset market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Wi-Fi Chipset Industry?
What are sales, revenue, and price analysis by regions of Wi-Fi Chipset industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Wi-Fi Chipset Market Trends:
- The report identifies, determines, and forecasts the Global Wi-Fi Chipset Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Wi-Fi Chipset Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Wi-Fi Chipset Market.

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