Wi-Fi Chipset Market Value to Reach US$ 22.9 Billion by 2027

According to the latest report by IMARC Group, titled "Wi-Fi Chipset Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global Wi-Fi chipset market size reached US$ 18.5 Billion in 2021. The market is projected to reach a value of US$ 22.9 Billion by 2027, growing at a CAGR of 3.5% during 2022-2027.

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Wireless transmitter and chipset are utilized by the Wi-Fi technology to send the required data for wireless networking. The transmitter converts the information from the internet to the radio signal, enabling information exchange in the form of data or voice from the device. These chipsets are commonly used to access networked services without the requirement of standard cables. As a result, these chipsets are extensively being utilized across a vast array of home appliances such as water heaters, refrigerators and washing machines, as well as consumer electronics, including televisions, smartphones, laptops and personal computers.

Global Wi-Fi Chipset Market Trend:

The increasing penetration rate of smart devices, such as smartphones and tablets into the daily life of consumers is one of the primary factors driving the market growth. Also, the growing applications of the Internet of Things (IoT) are expected to propel the demand for wireless technology. Wi-Fi chipsets form an essential component of smart houses with IoT-connected electronics.

Moreover, owing to the growing environmental consciousness and inclination toward sustainable development, governments of various countries are heavily investing in the construction of smart cities, of which Wi-Fi networks form an integral part. Other factors contributing to the market growth include rising disposable income, increasing working population, and widespread acceptance of voice over mobile broadband (VOMB), which is both cost- and energy-efficient as compared to traditional telecom carriers.

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Key Market Segmentation:

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Qualcomm Technologies, Intel Corporation, Texas Instruments Inc, Stmicroelectronics, Mediatek, Samsung Electronics, Marvell Technology Group Ltd, Cypress Semiconductor Corporation, Quantenna Communications, Peraso Technologies, Atmel Corporation, Celeno Communications, Espressif, Broadcom-Qualcomm, etc.

Breakup by Product:

• Smartphones
• Tablets
• PCs
• Access Point Equipment
• Connected Home Devices
• Others

Breakup by Band:

• Single Band
• Dual Band
• Tri Band

Breakup by MIMO Configuration:

• SU-MIMO
• MU-MIMO

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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