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WiFi Chipset Market By MIMO configuration (SU-MIMO, MU-MIMO) By Band (Single & dual band, Tri band) By IEEE standard (802.11be (Wi-Fi 7), 802.11ax (Wi-Fi 6 and 6E), 802.11 ac (Wi-Fi 5), 802.11ad, 802.11b/g/n.) By Vertical (By IEEE standard Electronics, Ente By IEEE Standards (802.11ay, 802.11ax, 802.11ac Wave 2), By Band (Dual Band, Tri-Band), By MIMO Configuration (SU-MIMO, MU-MIMO), By Product Category (Smartphones, Tablets, PCs) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2031

In 2021, the market for Wi-Fi chipsets worldwide was worth $19.6 billion US dollars. The market will reach US$ 31.1 billion by 2031, growing at a CAGR of 4.3 percent between 2022 and 2031. We are constantly tracking and evaluating the pandemic’s direct and indirect effects, taking into account the uncertainties of COVID-19. The report includes these insights as a significant market contributor.

Industry Overview

Information is sent to mobile devices using the Wi-Fi technology’s wireless transmitter and chipset for wireless networking. These chipsets connect to Wi-Fi hotspots to let users connect to networked services without using traditional cords. These chips can be found in PCs or workstations in a local area network, routers, laptops, and cellular phones because the cost per unit of a semiconductor is typically inexpensive (LAN). These chipsets are now being used in home appliances including air conditioners, water heaters, washing machines, and televisions because to the expanding applications of the Internet of Things (IoT).

Wi-Fi technology has seen a rise in use as a result of the widespread use of smartphones and other mobile devices. In addition, governments around the world are creating smart cities with open-access Wi-Fi networks to assist a variety of service industries, including healthcare and education. These factors are boosting Wi-Fi usage in homes, workplaces, and public spaces, which is boosting the sale of Wi-Fi chipsets. Additionally, consumers choose voice over mobile broadband (VOMBB) over traditional telecom carriers due to its superior audio quality, lower cost, and capacity for power savings, which is also boosting demand for Wi-Fi services globally.

Market Dynamics

A device’s inside hardware design, known as a WIFI Chipset, enables it to connect or communicate with other wireless-enabled devices. Typically, a computer and a variety of other wireless devices contain these chipsets. In addition, it may incorporate wireless computers including notebook and desktop PCs, wireless local area network (WLAN) cards, and external WLAN adapters. The market for wifi chipsets is being driven by an increase in internet usage around the globe.

In the last few years, there has been a significant increase in the development of Wi-Fi chipsets, including partnerships, product launches, product development, and other activities. The main reason for this is the global surge in demand for smart gadgets like smartphones, laptops, and other ones. For instance, MediaTek introduced two Wi-Fi 7 chipsets in March 2022. For use with access points, routers, gateways, cellphones, and laptops, the Filogic 880 and Filogic 380 are appropriate. In a similar vein, Qualcomm introduced the third iteration of its Networking Pro series of Wi-Fi 7 access point chipsets in March 2022. Therefore, it is anticipated that over the projected period, advances by industry players will assist the Wi-Fi chipset market.

COVID Impact

Over a two-year period, Wi-Fi chipset players will probably continue to be somewhat resistant to Covid-19, although the impact may differ depending on the mix of service lines and operating model. Businesses must deal with a new set of priorities as they recover from the COVID-19 pandemic. They had to deal with changing circumstances the entire while this crisis was going on, and they frequently fell short of their ultimate objectives. They will need to recover from this outbreak by laying out new goals to achieve in the future now that a treatment has been discovered and the pandemic is winding down.

The WIFI Chipset market is experiencing lower demand or supply shortages as a result of supply chain disruptions brought on by the COVID-19 pandemic. Consumer and business spending has sharply decreased as a result of travel restrictions and social-distancing measures, and this pattern is expected to continue for some time. Manufacturers, developers, and service providers have adopted a variety of strategies to stabilize the company as a result of the pandemic’s change in the trend and preferences of end users.

Regional Trend

In 2021, Asia-Pacific would have dominated the global market for Wi-Fi chipsets, accounting for approximately 40% of the volume and value of the market. This is primarily due to the use of Wi-Fi chipsets in finished goods and the large number of companies that manufacture Wi-Fi chipsets in the local market. In addition, the growth is anticipated to be fueled by increased government adoption of public hotspot deployment in developing nations like China and India over the forecast years. As a result, China dominated the Asia Pacific market for Wi-Fi chipsets. By IEEE standards, China is the largest manufacturer of Wi-Fi chipsets in 2020.

However, as the automotive industry expands in these regions, significant growth is anticipated in Europe and North America over the coming years due to rising demand for Wi-Fi chipsets and high-speed internet. In addition, the Wi-Fi chipset market in Europe and North America is being driven by the high consumption of Wi-Fi chipsets by businesses and enterprises, as well as automotive companies, as well as the rising demand for Wi-Fi chipsets among By IEEE standards.

Competitive Landscape

Key players operating in the WIFI Chipset Market include 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 and Broadcom-Qualcomm and among others.

By MIMO configuration

•       SU-MIMO
•       MU-MIMO

By Band

•       Single & dual band
•       Tri band

IEEE standard

•       802.11be (Wi-Fi 7)
•       802.11ax (Wi-Fi 6 and 6E)
•       802.11 ac (Wi-Fi 5)
•       802.11ad
•       802.11b/g/n.

 By Vertical

•       By IEEE standard Electronics
•       Enterprise
•       Industrial
•       Retail
•       BFSI
•       Healthcare
•       Automotive
•       Others (government & public sector)