WiFi Chipset Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Rapid Increase in Technology to Boost the growth of WiFi Chipset Market

The WiFi Chipset market worldwide is expected to grow at a CAGR of 5.14% during the forecast period from 2021 to 2029, starting from US$ 18.85 Bn in 2020. The demand for WiFi Chipset is increasing rapidly owing to rising consumer electronics worldwide. The multipurpose use of WiFi Chipset in various smart devices such as smartphones, air-conditioners, washing machines and others has driven the penetration of WiFi Chipsets worldwide. WiFi Chipset has a major application in automation systems such as home and industrial automation, which in turn is giving boost to the market. As a result of the aforementioned factors, we are expecting the WiFi Chipset market to grow steadily during the forecast period.

Smartphones Segment to Continue to Dominate the Market

In 2020, the smartphones segment contributing to over 60% of the total revenue generated worldwide in WiFi Chipset market. Expansion of internet worldwide is driving the growth for smartphones segment. Increasing demand and affordable price of smartphones are driving the growth for smartphones segment. Every smartphone has WiFi Chipset installed which helps them to provide improved mobile data speed, better transfer speed, increase their battery life and other benefits to consumers. Due to all these factors, we are expecting the smartphones segment to continue dominating the market throughout the forecast period.

Asia Pacific to Register the Fastest Growth in the Forecast Period

North America led the WiFi Chipset market, in 2020, the regional market accounted for nearly 30% of the total revenue generated worldwide. North America is the leader owing to highly accepted technically advanced consumer electronics products such as smartphones, washing machines, smart devices and others. We are expecting Asia Pacific to register the highest growth in the WiFi Chipset market during the forecast period. Due to presence of key manufacturers for consumer electronics and high usage of Wi-Fi technology in several sectors such as healthcare, retail and others. Due to all these factors, we are expecting Asia Pacific to surpass North America during the forecast period.

Some of the prominent players operating in the WiFi Chipset market include Qualcomm Technologies, Inc., Intel Corporation, Texas Instruments, Inc., STMicroelectronics N.V., Mediatek, Inc., Samsung Electronics Co., Ltd., Marvell Technology Group Ltd., Cypress Semiconductor Corporation, Broadcom Inc., Intel Corporation, Realtek Semiconductor Corp., Quantenna Communications Inc., Espressif Inc. and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of WiFi Chipset market in 2020 and forecast up to 2029?
• Which is the largest regional market for WiFi Chipset market?
• What are the major trends followed in overall WiFi Chipset market across different regions?
• Who are the key WiFi Chipset companies leading the market?
• What are the key strategies adopted by the leading WiFi Chipset companies in market?

Unique data points of this report

• Statistics on wireless communication market worldwide
• Statistics on WiFi Chipset penetration and spending worldwide
• Recent trends across different regions in terms of adoption of WiFi Chipset across various applications
• Notable developments going on in WiFi Chipset industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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