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Wi-Fi Chipset Market Trends

  • Report ID: GMI4849
  • Published Date: Aug 2024
  • Report Format: PDF

Wi-Fi Chipset Market Trends

Technological advancements and shifting consumer preferences are reshaping the Wi-Fi chipset industry. A standout trend is the swift adoption of cutting-edge standards like Wi-Fi 6, and the anticipation around Wi-Fi 7. According to the Wi-Fi Alliance, Wi-Fi 6 offers significant enhancements in speed, efficiency, and capacity, catering to the escalating demand for reliable, high-speed connectivity, especially in densely populated settings. Wi-Fi 6, known for its adeptness in managing multiple devices and bolstered performance in high-traffic zones, has emerged as a linchpin for both consumer electronics and enterprise networks. On the horizon, Wi-Fi 7 is poised to push boundaries further, boasting even higher data rates and lower latency, positioning itself as a linchpin for next-gen applications like augmented reality (AR) and virtual reality (VR). This relentless march of Wi-Fi technology underscores the need for chipsets that can harness these advancements, ensuring superior performance.
 

Equally noteworthy is the deepening integration of Wi-Fi with 5G technology. With 5G networks unfurling worldwide, the demand for Wi-Fi solutions that complement and amplify 5G's prowess is on the rise. The symbiosis between Wi-Fi and 5G facilitates seamless network transitions, optimized data utilization, and heightened connectivity, especially in densely populated locales. The GSMA reports states that this collaboration is pivotal for applications demanding high bandwidth and minimal latency, such as smart cities and industrial IoT. Furthermore, the upsurge in remote work and online learning has underscored the need for robust Wi-Fi solutions, making high-performance chipsets indispensable for ensuring seamless connectivity and productivity across varied environments.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for wi-fi chipset was valued at USD 22.99 billion in 2023 and is anticipated to register over 4.3% CAGR during 2024-2032 due to increasing IoT adoption.

The dual band segment in the Wi-Fi chipset market held over 85% share in 2023 due to its ability to operate on both 2.4 GHz and 5 GHz frequencies.

Asia Pacific market held over 40% share in 2023 driven by increasing smartphone penetration and expanding smart home ecosystems.

Qualcomm Technologies, Inc., Broadcom, Intel Corporation, MediaTek, Inc., Infenion Technologies, and NXP Semiconductors

Wi-Fi Chipset Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 360
  • Countries covered: 21
  • Pages: 270
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