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Wi-Fi Chipset Market Size, By Standard (IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax, IEEE 802.11ac, IEEE 802.11n, IEEE 802.11b/G), By Multiple-input Multiple-output (MIMO) Configuration (Single-user Multiple-input Multiple-output (SU-MIMO), Multi-user Multiple-input Multiple-output (MU-MIMO) [1x1 MU-MIMO, 2x2 MU-MIMO, 3x3 MU-MIMO, 4x4 MU-MIMO, 8x8 MU-MIMO]), By Band (Single Band, Dual Band, Tri Band), By Application (Smartphone, Tablet, Desktop PC, Laptop, Connected Home Devices), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4849
  • Published Date: Jan 2022
  • Report Format: PDF

Industry Trends

Wi-Fi Chipset Market size exceeded USD 20 billion in 2021 and is anticipated to grow at over 2.5% CAGR from 2022 to 2028. The global industry shipments are projected to reach above 4 million units by 2028.
 

 Wi-Fi Chipset Market Overview

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The market growth is attributed to the rising adoption of wireless connectivity technologies in the automotive sector. Applications including audio systems and automotive lightings instrument clusters, among others are integrating Wi-Fi chipsets. These chipsets offer improved security, smart interface handling, high-speed data transmission, and fast target wakeup time, further fueling demand in the automotive industry. Chip manufacturers are focusing on developing strategic partnerships and collaborations to supply application-specific chipsets to the automotive manufacturers.
 

The COVID-19 pandemic has adversely affected the market expansion with the shutdown of various manufacturing facilities and declining demand for consumer electronics & smart home appliances. In 2020, manufacturers witnessed several challenges including disruptions in raw material & component supply and international trade restrictions by governments.
 

The COVID-19 pandemic has led to the rising preference for work from home and online education systems, thereby positively influencing market opportunities for Wi-Fi chipset manufacturers. The supply of IT peripheral devices, such as Wi-Fi hotspots, dongles, laptops, data cards, and printers, has increased significantly. These devices will necessitate the use of Wi-Fi chipsets, which will help telecommunication & internet service providers survive the pandemic and accelerate the demand for Wi-Fi chipsets in the coming years.
 

Growing upgrade of the 802.11ax standard will spur the Wi-Fi chipset market progression

The IEEE 802.11ax (Wi-Fi 6 & Wi-Fi 6E) segment held 20% of the market share in 2021 and is slated to witness 14.5% growth rate through 2028. The industry growth is credited to numerous advantages offered such as increased capacity, better data rates, and improved power efficiency. These benefits encourage consumer electronics OEMs to include Wi-Fi chipsets in their smart devices such as smartphones, tablets, and wearable devices. With ongoing advancements in IoT technology, organizations are focusing on upgrading the bandwidth and data transfer rate over wireless communication.
 

Rising gaming trend to propel the market demand for MU-MIMO-based Wi-Fi chipsets

 Wi-Fi Chipset Market Value

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The multiuser segment dominated more than 90% of revenue share in 2021 and is estimated to attain a CAGR of 6% till 2028. The industry expansion can be attributed to the growing popularity of multiplayer gaming consoles such as PlayStation 5 & gaming PCs. Multiple devices can communicate more efficiently through a single access point with the help of MU-MIMO wireless technology. This configuration provides high bandwidth and low latency when connecting multiple devices over a Wi-Fi network. Due to the increasing penetration of users in the advanced gaming industry, high-speed internet connectivity is required to maintain data transfer speed in multi-user applications.
 

Increasing demand for high-speed computing applications will impel the market value for tri band

 Wi-Fi Chipset Market Share

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The tri band segment account for the 10% of the Wi-Fi chipset market share in 2021 and is poised to expand at 5% by 2028. The industry demand is driven by the rising trend of online video streaming and high-speed computing applications. Tri band chipsets are intended to increase Wi-Fi data transfer capacity while remaining compatible with dual-band routers. Several chip manufacturers are focusing on new technology innovations through strategic collaborations and alliances.
 

Proliferation of connected home devices in developed economies to foster the market revenue 

 Wi-Fi Chipset Market Size

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The connected home device segment held 30% of revenue share in 2021 and will showcase 4% gains through 2028. The industry value can be credited to the growing demand for wireless automation systems in residential buildings. Wi-Fi chipset integrated routers and adaptors are used in these buildings to communicate with several electronics systems such as HVAC, security & surveillance systems. Several companies are focusing on creating strategic partnerships to expand their IoT network connectivity, which will boost the acceptance of Wi-Fi chipsets in the coming years.

 

Favorable government initiatives to augment data-driven research activities will spur the market progression in APAC region

APAC Wi-Fi Chipset Market

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Asia Pacific Wi-Fi chipset market accounted for 40% in 2021 and is expected to register growth of 3% during 2022 to 2028. The growth is led by rising efforts to support the allocation of new frequency band for next generation Wi-Fi in the region. For example, in October 2020, Ministry of Science and ICT in South Korea has announced to supply 6 GHz frequency band to unlicensed broadband communication.
 

Increasing investment by government authorities and institutions to support data-intensive research will drive the growth opportunity for wi-fi chipset manufacturers. For instance, in December 2021, the Guam-Singapore Connectivity Consortium revealed that it will provide high-speed data assistance to research institutes in Asia. SingAREN in Singapore and Hawaii University are both contributing to the 100 GBPS circuit that connects Guam and Singapore. This connectivity ensures a trans-Pacific network topology for science & research, increasing the capacity and durability of the network fabric that connects the research community on three continents: Asia, North America, and Oceania.
 

Focus on new strategic initiatives to remain competitive in the industry

Prominent players functioning in the market include Intel Corporation, Broadcom, Inc., Qualcomm Technologies, Inc., Texas Instruments Incorporated, and MediaTek, Inc.. These market leaders are heavily focusing on various strategies, such as new product developments, mergers & acquisitions, to accelerate their product offerings and cater to competitiveness.
 

The Wi-Fi Chipset market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, By Standard

  • IEEE 802.11ay
  • IEEE 802.11ad
  • IEEE 802.11ax
  • IEEE 802.11ac
  • IEEE 802.11n
  • IEEE 802.11b/G

Market, By Multiple-input Multiple-output (MIMO) Configuration

  • Single-user Multiple-input Multiple-output (SU-MIMO)
  • Multi-user Multiple-input Multiple-output (MU-MIMO) 
    • 1x1 MU-MIMO
    • 2x2 MU-MIMO
    • 3x3 MU-MIMO
    • 4x4 MU-MIMO
    • 8x8 MU-MIMO

Market, By Band

  • Single Band
  • Dual Band
  • Tri Band

Market, By Application

  • Smartphone
  • Tablet
  • Desktop PC
  • Laptop
  • Connected Home Devices
  • Others

The above information has been provided for the following regions and countries:

  • North America 
    • U.S.
    • Canada
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • Latin America 
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

 

Authors: Ankita Bhutani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size of Wi-fi chipset surpassed $20 billion in valuation in 2021 and is expected to register more than 2.5% CAGR during the forecast timeframe of 2022-2028.

The COVID-19 pandemic adversely affected the growth of market as several manufacturing facilities were shut down and consumer electronics and smart home appliances saw a steep decline in their demand among customers

The multiuser configuration captured more than 90% of revenue share in 2021 as multiplayer gaming consoles, such as gaming PCs and PlayStation 5 are gaining popularity among the younger generation.

The connected home device application held 30% market share in 2021 as the demand for wireless automation systems is growing among residential end-users and wi-fi chipset routers can be used in buildings to communicate with electronic systems

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 22
  • Tables & Figures: 585
  • Countries covered: 17
  • Pages: 280

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