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The Wi-Fi chipset market is a dynamic and rapidly evolving sector, driven by the ever-increasing demand for wireless connectivity across various devices and industries. As the world becomes more digitally connected, the need for efficient and high-performance Wi-Fi solutions has become paramount. The market dynamics of Wi-Fi chipsets are influenced by several factors, including technological advancements, emerging applications, and the competitive landscape.
Technological advancements play a crucial role in shaping the market dynamics of Wi-Fi chipsets. The constant push for faster data rates, improved energy efficiency, and enhanced security features has led to the development of advanced Wi-Fi standards and protocols. The transition from older standards like 802.11n to the latest 802.11ax (Wi-Fi 6) has significantly impacted the market, driving the demand for chipsets that can support these higher performance requirements. Additionally, the integration of technologies such as beamforming and MU-MIMO (Multi-User, Multiple Input, Multiple Output) has further enhanced the capabilities of Wi-Fi chipsets, catering to the growing needs of diverse applications.
Emerging applications across various industries also contribute to the dynamic nature of the Wi-Fi chipset market. The proliferation of smart devices, Internet of Things (IoT) deployments, and the advent of Industry 4.0 have fueled the demand for reliable and high-speed wireless connectivity. The automotive industry, for example, relies on Wi-Fi chipsets for applications ranging from in-car entertainment systems to advanced driver assistance systems. Similarly, the healthcare sector leverages Wi-Fi connectivity for medical devices and patient monitoring, emphasizing the need for robust and secure chipsets.
Furthermore, the competitive landscape significantly impacts the market dynamics of Wi-Fi chipsets. Key players in the semiconductor industry are engaged in intense competition to innovate and deliver cutting-edge solutions. Market leaders continuously invest in research and development to stay ahead in terms of performance, power efficiency, and integration capabilities. The competition has led to a continual stream of product launches, with each new generation of chipsets aiming to outperform its predecessors.
Moreover, market dynamics are influenced by factors such as cost considerations and market penetration strategies. As the demand for Wi-Fi chipsets increases, manufacturers often engage in price competition to gain market share. This can lead to cost reductions, making Wi-Fi technology more accessible to a wider range of applications and end-users. Additionally, strategic partnerships and collaborations between chipset manufacturers and device makers contribute to the overall market dynamics, as these alliances help in the seamless integration of Wi-Fi technology into various products.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Fabrication Technology, Die Size, Application, and Region |
Wi Fi Chipset Market Highlights:
Global Wi-Fi Chipset Market Overview:
Wi-Fi Chipset Market Size was valued at USD 22.5 billion in 2021. The Wi-Fi chipset market industry is projected to grow from USD 23.85 Billion in 2022 to USD 35.91 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.02% during the forecast period (2022 - 2030). The rapidly increasing need for improved network bandwidth, low latency communication systems across enterprises, and increased investments in developing next-generation smartphones are key factors driving the Wi-Fi chipset market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Wi-Fi Chipset Market Trends
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Growing automation adoption to drive growth for Wi-Fi chipset
The widespread global adoption of the IoT (Internet of Things) in the residential, industrial, and commercial sectors has created a demand for advanced automation, driving demand for wireless chipsets. Automation integration across applications offers improved productivity, adaptability, dependability, high security, increased output, faster processing, more convenient living, and cost-effectiveness. Nevertheless, more Internet of Things connections in various industries is anticipated to propel the wireless chipset market's expansion in the following years. For instance, the European Telecommunications Network Operators' Association (ETNO) reports that there is currently about 16 million Internet of Things connections built into smart buildings across Europe, with the number expected to reach 154 million by the end of 2025.
Furthermore, rising criminal activity, combined with increased government efforts and plans to encourage the setup of advanced real-time surveillance technologies to provide enhanced security, is anticipated to affect wireless chipset market revenue growth. In light of this, automation is likely to increase demand for wireless chipsets on a global scale.
Wi-Fi Chipset Market Segment Insights:
Wi-Fi Chipset Type Insights
Based on the type, the Wi-Fi Chipset Market segmentation includes Wi-Fi and industrial Wi-Fi. The industrial Wi-Fi segment held the majority share in 2021, accounting for approximately 46–49% of the Wi-Fi Chipset Market revenue. The substantial growth is attributed to the rising demand for high-performance network connectivity, which allows multiple users to access simultaneously at constant bandwidth capacity. Given this context, businesses are utilizing next-generation industrial Wi-Fi chipsets to introduce new capabilities and functionalities to meet their expanding demand. Broadcom, for example, announced the availability of new chipset solutions for the Wi-Fi 7 ecosystem. These services will enhance the user experience by providing low latency, dependable communication, and increased range. Additionally, the adoption of Wi-Fi chipsets is anticipated to rise with the addition of 320 MHz, which doubles the industrial Wi-Fi channel bandwidth, ultimately promoting the expansion of the wireless chipset market.
Figure 2: Wi-Fi Chipset Market, by Type, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Wi-Fi Chipset Fabrication Technology Insights
Based on fabrication technology, the Wi-Fi Chipset Market segment includes FinFET, Fdsoi Cmos, silicon-on-insulator (SOI), and Sige. Silicon on Insulator (SOI) dominated the global market in 2021 and is expected to be the fastest-growing segment in the forecast period of 2022-2030. Silicon on Insulator (SOI) has highly integrated plug-and-play capabilities. It is a small-form-factor embedded wireless subsystem that includes a Wireless LAN (WLAN) stack, TCP/IP stack, and supplicant. Numerous benefits, including increased capacity, improved data rates, and power efficiency, are credited with segment growth. These advantages persuade consumer electronics manufacturers to integrate Wi-Fi chipsets into their line of tablets, smartphones, and wearable tech. Organizations are concentrating on increasing wireless communication bandwidth and data transfer rate owing to ongoing IoT fabrication technology advancements.
Wi-Fi Chipset Die Size Insights
Based on the die size, the Wi-Fi Chipset Market segmentation includes 28nm, 20nm, 14nm, and 10nm. The 20nm die size segment had the highest market revenue share in 2021 owing to the standard size utilized among global chipset manufacturers. These frames boost network performance while decreasing network interference from other networks. As a result, it is expected to see a tremendous increase in commercial, residential, and industrial applications. The adoption of next-generation WLAN infrastructure is also predicted to rise due to a strong emphasis on delivering superior client services and experiences by bolstering network bandwidth capacity. The demand for 14nm die-size chipsets for these WLAN devices is thus likely to rise.
Wi-Fi Chipset Application Insights
Based on the application, the Wi-Fi Chipset Market segment includes smartphones, tablets, and PCs. In 2021, the smartphone application segment had the highest market revenue share. Rising 5G deployment initiatives in many countries worldwide are one factor driving the smartphone Wi-Fi chipsets market. With the help of chipsets, smartphone manufacturers have integrated 5G compatibility to support the 5G network. Wi-Fi chipsets are being integrated into smartphones and other wireless communication systems. It has attributed much more to the growth of the IT sector and advancements in wireless connectivity, device combinations, and access point equipment. Smartphones have grown in popularity since they were introduced as a replacement for tablets in the digital market.
Wi-Fi Chipset Regional Insights
By Region, the study provides market insights into Europe, North America, Asia-Pacific, and the Rest of the World. The North American Wi-Fi chipset market is expected to grow at a significant CAGR during the study period, accounting for USD 9.87 billion in 2021, owing to widespread regional Internet of Things adoption (IoT). The increasing use of high-tech smart devices and consumer electronics and the growing use of wireless chipsets encourages further investment in the wireless chipset space. Further fueling the demand for Wi-Fi chipsets in the region is the trend toward industrial automation. The region's reliance on wireless technology is also growing to provide favorable infrastructure to technology companies and other industries and guarantee a stable network across commercial and residential sectors. Furthermore, large wireless companies have a strong presence in North America, making it an important regional market for Wi-Fi chipset technology.
Moreover, the major countries covered in the market report include the United States, Germany, Canada, France, the United Kingdom, Italy, Spain, India, Japan, Australia, China, South Korea, and Brazil.
Figure 3: Wi-Fi Chipset Market SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The European Wi-Fi chipset market is the world's second-largest owing to the growing demand for open-source software and the region's increased prevalence of data security. Smartphone adoption in the United Kingdom and Germany is expected to drive regional Wi-Fi semiconductor chipset market share during the assessment period. This expansion can be attributed to lower prices and advancements in smartphone technology. Additionally, the high consumption of Wi-Fi chipsets by businesses & enterprises, automotive companies, and smart devices, combined with the rising demand for Wi-Fi chipsets by IEEE standards, are driving the smartphone Wi-Fi chipset in Europe. Further, the U.K. Wi-Fi chipset market held the largest market share, and the German Wi-Fi chipset market was the fastest-growing market in the European region.
The Asia Pacific Wi-Fi chipset market is expected to grow at the fastest CAGR during the forecast period, owing to the presence of many Wi-Fi chipset manufacturing companies and the use of Wi-Fi chipsets in finished products. In addition, it is anticipated that increased government adoption of public hotspots in developing nations like Japan, South Korea, China, Singapore, and India will drive the Wi-Fi device market demand during the forecasting years. As a result, China accounted for most of the Asia Pacific wireless chipset market. By IEEE standards, China will be the top country producing Wi-Fi chipsets in 2023. In addition, the Asia-Pacific region's expanding adoption of wi-fi technology in education, healthcare, retail, and other sectors has significantly contributed to the market's expansion.
Wi-Fi Chipset Key Market Players & Competitive Insights
Key Wi-Fi chipset manufacturers strategically collaborate with end-use clients such as smartphone manufacturers to supply Wi-Fi 6e chipsets. Major players focus on product launches, collaborations, partnerships, and R&D activities to stay competitive and gain market share. Key wireless chipset industry players invest in product innovation to meet the changing demands of the Wi-Fi devices sector.
Broadcom Inc is an American semiconductor and infrastructure software product designer, developer, and manufacturer. Broadcom's products are used in data centers, networking, software, broadband, wireless, storage, and industrial applications. In January 2021, Broadcom Inc. and Apple Inc. entered into a partnership and agreement. The strategic alliance aimed to provide Broadcom Inc's wi-fi 6e chipsets to Apple Inc.'s smartphones, laptops, and iPads. The supply agreement for the chipset is worth USD 15 billion. In addition to Apple Inc, Broadcom Inc also supplies the wi-fi s chipsets for Samsung devices, such as the Galaxy 10 and Galaxy Note 10. Broadcom Inc. has given Samsung over 150 million wi-fi 6e chipsets until February 2021.
Marvell Technology Inc is an American company based in Santa Clara, California, that develops and manufactures semiconductors and related technology. In May 2021, NXP Semiconductors paid $ 1.76 billion for Marvell's wireless connection business. The strategic acquisition includes Marvell's Bluetooth and Wi-Fi (including wi-fi 6e) technology portfolios and related assets. Additionally, the acquisition will give NXP access to a wider range of wi-fi s chipsets for important application areas like industrial automation, IoT, and automotive.
Key Companies in the Wi-Fi chipset market include
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Qualcomm Technologies Inc (US)
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Mediatek Inc (Taiwan)
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Intel Corporation (US)
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STMicroelectronics NV (Switzerland)
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Cypress Semiconductor Corporation (US)
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Taiwan Semiconductor Manufacturing Co. Ltd (Taiwan)
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Global Foundries (US)
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Broadcom Inc (US)
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Marvell Technology Group Ltd (Bermuda)
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Quantenna Communications Inc (US)
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Peraso Technologies Inc (Canada)
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Texas Instruments Inc (US)
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Samsung Electronics Co Ltd (South Korea)
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United Microelectronics Corporation (Taiwan)
Wi-Fi Chipset Industry Developments
January 2020: Qualcomm introduced several 6e Hz Wi-Fi products, including two mobile platforms and four networking chipsets.
June 2020: InnoPhase has joined the STMicroelectronics Partner Program to provide the industry's lowest-power Bluetooth and Wi-Fi Low energy modules for IoT devices.
Wi-Fi Chipset Market Segmentation:
Wi-Fi Chipset Type Outlook
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Wi-Fi
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Industrial Wi-Fi
Wi-Fi Chipset Fabrication Technology Outlook
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FinFET
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Fdsoi Cmos
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Silicon on Insulator (SOI)
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Sige
Wi-Fi Chipset Die Size Outlook
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28nm
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20nm
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14nm
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10nm
Wi-Fi Chipset Application Outlook
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Smartphone
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Tablets
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PC
Wi-Fi Chipset Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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