Wireless Communication Chipsets Market on Track for Strong Growth, Estimated to Grow at 6.4% CAGR Through 2029

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Wireless Communication Chipsets Market Size Growth Forecast: What to Expect by 2025?
The market size of wireless communication chipsets has seen a significant increase in the past few years. It is projected to increase from $22.53 billion in 2024 to $24.02 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.6%. Factors contributing to the growth during this historic period include the growing popularity of mobile phones, widespread use of Bluetooth in consumer electronics, the emergence of 3G and 4G networks, the surge in demand for GPS-enabled devices, and boosted internet penetration.

How Will the Wireless Communication Chipsets Market Size Evolve and Grow by 2029?
Expectations are strong for significant expansion in the wireless communication chipsets market size in the coming years. Predictions suggest a growth to $30.74 billion by 2029 with a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be credited to the development in smart home technology, the surge in demand for low-power wireless solutions, the rise of edge computing, the advent of wearable technology, and the implementation of satellite-based communication systems. Key trends to watch during the forecast period are the integration of artificial intelligence (AI) and machine learning functionalities, the uptake of Wi-Fi 6 and 6E standards, a focus on energy efficiency in chip design, consolidation of numerous wireless protocols, and the expansion of software-defined radio (SDR).

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What Drivers Are Propelling the Growth of Wireless Communication Chipsets Market Forward?
Increasing connectivity across a range of devices is predicted to fuel the expansion of the wireless communication chipset market. This connectivity is facilitated by the integration of sensors, advanced software and other technologies into physical objects, enabling them to interact and share data with other devices or systems through a network. This heightened connection can be traced back to the escalated demand for connectivity from consumers, the prevalence of devices enabled by the internet and the broadening of internet infrastructure. Wireless communication chipsets are integral to this global connection, ensuring smooth and effective communication between devices, backing various wireless standards, and heightening the scalability and interoperability of the IoT ecosystem. As an example, the Health Sector Cybersecurity Coordination Center (HC3) - an arm of the United States Department of Health and Human Services' Cybersecurity Program - revealed in an August 2022 report that around 7 billion devices were connected via the IoT in 2022. It foresees this figure to rise by an additional 20 billion by 2025. Therefore, the surge in connected devices is propelling the wireless communication chipsets market.

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Which Emerging Trends Are Transforming the Wireless Communication Chipsets Market in 2025?
Leading businesses in the wireless communication chipsets market are sharpening their competitive edge by focusing on the development of sophisticated solutions such as satellite IoT (Internet of Things) chipsets. These are specific semiconductor chips that allow IoT devices to communicate with satellite networks providing global coverage, energy-efficient operations and customized protocols for remote and unreachable areas. For example, in June 2023, Qualcomm Technologies Inc., an American tech firm, introduced the Qualcomm 212S Modem and the Qualcomm 9205S Modem. These platforms are designed to promote optimal connectivity between satellite and cellular networks, remote surveillance, and top-tier asset-tracking capabilities. These innovative solutions emphasize technology advancement by integrating satellite connectivity, which ensures dependable and scalable communication. They are essential in diversifying connectivity options, stimulating market growth and improving wireless communication chipsets for applications that need satellite connectivity in tough conditions.

What Are the Key Segments in the Wireless Communication Chipsets Market?
The wireless communication chipsetsmarket covered in this report is segmented -

1) By Type: Wi-Fi Wireless Chipsets, Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets, Wireless Video And Display Chipsets, ZigBee Chipsets, Long Term Evolution (LTE) Chipsets
2) By Band: Single And Dual Band, Tri Band
3) By Form Factor: System On Chip (SoC), Integrated Circuit (IC)-Based Products
4) By End Use Application: Consumer Devices, Cameras, Smart Home Devices, Gaming Devices, Augmented Reality (AR) And Virtual Reality (VR) Devices, Mobile Robots, Drones, Networking Devices, Mobile Point Of Sale (mPOS), Other End Use Applications
5) By Vertical: Consumer Electronics, Enterprise, Industrial, Retail, Banking Financial Services And Insurance (BFSI), Healthcare, Automotive, Other Verticals

Subsegments:
1) By Wi-Fi Wireless Chipsets: Single-Band Wi-Fi Chipsets, Dual-Band Wi-Fi Chipsets, Tri-band Wi-Fi Chipsets
2) By Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets: Fixed WiMAX Chipsets, Mobile WiMAX Chipsets
3) By Wireless Video And Display Chipsets: WiDi (Wireless Display) Chipsets, Miracast Chipsets, Other Wireless Video Chipsets
4) By ZigBee Chipsets: ZigBee 2.4 GHz Chipsets, ZigBee Pro Chipsets, ZigBee 900 MHz Chipsets
5) By Long Term Evolution (LTE) Chipsets: LTE-Advanced Chipsets, LTE Chipsets (Standard), 5G (NR) LTE Chipsets

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Who Are the Key Players Shaping the Wireless Communication Chipsets Market's Competitive Landscape?
Major companies operating in the wireless communication chipsets market are Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Sony Semiconductor Solutions Group, ON Semiconductor Corporation (Onsemi), Microchip Technology Incorporated, Marvell Technology Group Ltd., Qorvo Inc., Veeco Instruments Inc., Aixtron AG, IQE PLC, Espressif Systems Pte. Ltd., Sequans Communications, Telit Communications PLC, GCT Semiconductor Inc., Filtronic Broadband, XMOS, EnSilica, Peraso Technologies Inc., Blu Wireless Technology Ltd., Pragmatic Semiconductor

What Geographic Markets Are Powering Growth in the Wireless Communication Chipsets Market?
Asia-Pacific was the largest region in the wireless communication chipsets market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless communication chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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