Demand for Wi-Fi Chipsets is expected to reach USD 32.6 billion by 2033, expanding at a CAGR of 4.8%: FMI Study

Based on data from the market research firm FMI, the Wi-Fi chipset market is expected to reach US$ 20.5 billion by 2023 and US$ 32.6 billion by 2033 at a CAGR of 4.8%. Public Wi-Fi hotspots and enterprise and business use of Wi-Fi have been increasing as the Internet of Things (IoT) has gained popularity. Internet penetration has increased significantly, leading to an increase in the need for faster data transfer, which is a major driving force for the market for Wi-Fi chipsets.

Chipsets that support Wi-Fi allow devices to connect wirelessly to local networks and the internet without requiring physical cables. In the digital age, Wi-Fi has become an indispensable technology for smartphones, laptops, tablets, smart home devices, and IoT (Internet of Things) products. Wi-Fi chips are typically found in products that connect to WiFi hotspots. Networking services can be accessed without using standard cables using these networks. This type of network is typically built in a public area and is usually open to the public. The devices are also equipped with a security standard called WEP in addition to the Wi-Fi connection. Adaptive Channel Expansion technology has also resulted in a significant increase in the speed of the WiFi chip.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17795

Wireless chipsets are constantly advancing in technology, and their applications have increased with the invention of the Internet of Things. High-speed communication is becoming increasingly important as more devices become wireless. Devices such as these can be found in many devices, including smartphones, routers, and other devices that send and receive data at high speeds.

A Wi-Fi chipset can transfer large amounts of data quickly, making surfing the internet and streaming data much smoother. Several applications, such as streaming video, playing online games, and downloading files, require this type of capability in order to operate.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Sales of IEEE 802.11ax - Wi-Fi 6 & Wi-Fi 6E chipsets are expected to grow by 4.4% CAGR by 2033.
• Wi-Fi chipset demand in China is expected to grow at 6.2% CAGR by 2033 due to advancements in technology.
• According to forecasts in the United States, the wireless chipset market is forecast to grow at a CAGR of 3.6% by 2033.
• Wi-fi chipset sales in South Korea are projected to grow at a CAGR of 5.2% by 2033.
• According to industry forecasts, MU-MIMO will grow at a CAGR of 4% in the next few years.

"𝐖𝐢𝐭𝐡 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐨𝐟 𝐓𝐡𝐢𝐧𝐠𝐬 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬, 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐖𝐢-𝐅𝐢 𝐜𝐡𝐢𝐩𝐬𝐞𝐭𝐬 𝐢𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐫𝐢𝐬𝐞. 𝐃𝐮𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐖𝐢-𝐅𝐢 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐚𝐧𝐝 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝟓𝐆, 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐖𝐢-𝐅𝐢 𝐜𝐡𝐢𝐩𝐬𝐞𝐭𝐬 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐢𝐧𝐠 𝐲𝐞𝐚𝐫𝐬," says an FMI analyst.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Major global Wi-Fi chipset market players develop high-speed internet and services through research and development. As part of their promotional strategies, these companies are also increasing sales awareness about Wi-Fi chipsets.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐞:

• In June 2023, Norwegian semiconductor company Nordic Semiconductor is one of the few companies with a leading interest in Wi-Fi-based IoT market expansion. Wi-Fi 6 'companion ICs' are designed for low-power IoT applications using 2.4 GHz-only Wi-Fi 6. Wi-Fi chips from Nordic Semiconductor are called companion ICs because they complement Nordic's highly successful Bluetooth LE portfolio.
• In June 2023, Broadcom Inc. will unveil three new Wi-Fi 7 chips that will enable wireless connectivity on handsets and routers. The eponymous wireless networking technology is now available in Wi-Fi 7. This new service can offer twice the amount of bandwidth as before, 46 gigabits per second. As a result of the technology, connection latency is also expected to be significantly reduced.

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞

Future Market Insights offers an unbiased analysis of the global market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the Wi-Fi chipset market, the market is segmented on the basis of Standard (IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax - Wi-Fi 6 & Wi-Fi 6E, IEEE 802.11ac, IEEE 802.11n - SB and DB, IEEE 802.11b/G) Band (Single, Dual, Triband) MIMO Configuration (SU-MIMO, MU-MIMO(1×1 MU-MIMO, 2×2 MU-MIMO, 3×3 MU-MIMO, 4×4 MU-MIMO, 8×8 MU-MIMO) Application (Smartphones, Tablet, Desktop PC, Laptop, Connected Home Devices, Others), and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

𝐖𝐢-𝐅𝐢 𝐂𝐡𝐢𝐩𝐬𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

𝐁𝐲 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝:

• IEEE 802.11ay
• IEEE 802.11ad
• IEEE 802.11ax - Wi-Fi 6 & Wi-Fi 6E
• IEEE 802.11ac
• IEEE 802.11n - SB and DB
• IEEE 802.11b/G

By Band:

• Single
• Dual
• Triband

By MIMO Configuration:

• SU-MIMO
• MU-MIMO
o 1×1 MU-MIMO
o 2×2 MU-MIMO
o 3×3 MU-MIMO
o 4×4 MU-MIMO
o 8×8 MU-MIMO

By Application:

• Smartphones
• Tablet
• Desktop PC
• Laptop
• Connected Home Devices
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Related Reports --

https://www.fmiblog.com/2024/10/08/wi-fi-test-equipment-market-expected-to-reach-27-88-billion-by-2033/
https://www.fmiblog.com/2024/10/08/wi-fi-smart-thermostat-market-global-industry-analysis-size-share-growth-trends-and-forecast-2022-to-2032/

About Future Market Insights (FMI)

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This release was published on openPR.