The global Wi-Fi chipset market is expected to grow at a rate of 4% by 2030.

According to a research report published by Spherical Insights & Consulting, the Global Wi-Fi Chipset Market Size to grow from USD 18 billion in 2021 to USD 25 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 4% during the forecast period. The market is dominated by the Asia Pacific region, which has a 41% market share during the forecast period.

New York, United States, Jan. 18, 2023 (GLOBE NEWSWIRE) — According to a research report published by Spherical Insights & Consulting, The Global Wi-Fi Chipset Market At a Compound Annual Rate of Growth (CAGR) 4%, the market size will increase from USD 18 million in 2021 to US 25 billion by 2030. Market growth is due to WIGIG’s wireless technology and other factors. This market study provides a comprehensive analysis.

Key Insights

• In 2021, the global Wi-Fi Chipset market was worth USD 18 billion.

• The market is expected to grow at a rate of 4% between 2022 and 2030

• Global Wi-Fi Chipset sales are expected to exceed USD 25 Billion by 2030

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Wi-Fi has taken over traditional internet connectivity in nearly every industry. Wireless connectivity is most popular because of its accessibility, simplicity, and speed. Wi-Fi, the most commonly used consumer electronics technology, is currently Wi-Fi. Each home and business has a number of Wi-Fi connection points. Each subscriber owns two or more Wi-Fi capable devices. Therefore, every access point must have the ability to support more Wi Fi connections each year. Multiple Wi Fi connections would require multiple channels and higher spectral efficiency to connect so many devices at once.

This factor will drive a rise in demand for WiFi technologies that can support MU–MIMO and gigabit transfer speeds. The Wi-Fi semiconductor chipset is an internal piece of hardware that allows for wireless communication between two devices capable of using the same technology. This Wi-Fi semiconductor chipset can be found on all wireless devices. The Wi-Fi semiconductor chipet is used extensively in many automation systems, including home and industrial automation. The market is expanding due to factors such as the growing demand for WIGIG wireless technology. Wireless Gigabit Alliance, a trade group that promotes multi-gigabit wireless communication technology at a high speed, was instrumental in developing and promoting it. It operates in unlicensed frequency band 60 GHz. In 2013, the alliance was merged into the Wi-Fi Alliance. This alliance includes several well-known technology companies, such as Cisco, Dell and Huawei Technologies, Intel, Apple and Microsoft, NEC, NVIDIA, NEC, NEC, NEC, NEC, NVIDIA, NEC, NEC and NVIDIA. WiGig technology offers data transfer speeds and capabilities that are faster than WiFi.

Browse key industry insights spread across 225 pages with data tables and figures & charts from the report “Global Wi-Fi Chipset Market Size, Share, and COVID-19 Impact Analysis, By Product (Smartphones, Tablet, PCS Access Points, Others), By Band (Single Band, Dual Band, TRI Band), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030” https://www.sphericalinsights.com/reports/wi-fi-chipset-market

The existence of cybersecurity and cyber threats is one of the main issues that could slow down Wi-Fi Chipset’s growth. Despite security breaches and ongoing security concerns, Wi-Fi chipset industry growth is steady. Because of the sophistication of hacking techniques, internet connectivity has become less reliable because of it. Data leaks and hacking have become a common problem despite the security measures of WEP or WPA. Hackers can gain access to vulnerable points via Wi-Fi, which allows them to obtain private information and cause severe harm.

Smartphones are expected to dominate the market by 2021.

According to type, the Wi-Fi Chipset market trends worldwide is divided into smartphones and tablets, access points, PCS, PCS, and others. The smartphones segment holds the largest market share and is the current leader in the industry. Smartphones’ low prices and technical advances are driving the growth of the smart device market. Wireless technology is now easier for users to use wireless applications, thanks to smartphones’ widespread availability. Smartphones are equipped with chipsets which provide connectivity. Since the introduction of tablets, the digital market has seen a surge in tablet sales.

Single band segment has the largest market share during the forecast period.

Based on band, the global Wi-Fi Chipset market growth The market is divided into single band and dual bands, as well as TRI band. Of all the segments, the single-band segment is expected to hold the most market share. The single-band Wi-Fi chipset is very easy to use. This embedded wireless subsystem has a small form factor and consists of a Wireless LAN stack, supplicant and TCP/IP. Dual-band Wi Fi Chipsets are a key player in the Wi Fi chipset market. They enable clients and routers send and receive data simultaneously across multiple bands, increasing the speed and quality. Dual band and single-band chipsets are not the only Wi Fi solutions that are available. The tri-band Wi Fi chipet now offers multi-gigabit performance and built-in single-band support.

Report Scope

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Asia Pacific is the dominant market, with a 41% market share during the forecast period.

Asia Pacific is expected to see a 4% increase in overall Wi-Fi market share due to increased efforts to encourage the allocation of frequency bands for next generation Wi Fi.

Market Segment
This study projects revenue at the global, regional, as well as country levels for the period 2019 to 2030. Spherical Insights segmented the global Wi Fi Chipset market using the segments below:

Wi-Fi Chipset Market by Product

• Smartphones

• Tablet

• Access Points for PCS

• Other

Wi-Fi Chipset Market by Band

• Single Band

• Dual Band

• TRI Band

All Regions

List of Key Market Players

• Quantenna Communications Inc.

• STMicroelectronics N.V.

• BROADCOM

• QUALCOMM

• Intel Corporation

• Samsung Electronics Co. Ltd.

• Peraso Technologies, Inc.

• Cypress Semiconductor Corporation

• Marvell Technology Group Ltd.

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About the Spherical Insights 

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It caters to different industries, including financial, industrial, university, non-profits, corporations, and government. The company’s mission, is to help businesses achieve their business goals and sustain strategic improvements.

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