IMARC Group’s latest research report, titled “Wi-Fi Chipset Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” provides an extensive analysis of the industry, including Wi-Fi chipset market outlook, size, share, trends, and growth opportunities. The report also covers competitor and regional analysis and the latest advancements in the global market. The global Wi-Fi chipset market size reached US$ 19.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
Wi-Fi Chipset Market Overview:
A Wi-Fi chipset is a component consisting of of integrated circuits and other electronic components that handle the transmission and reception of Wi-Fi signals. It is integrated in devices such as smartphones, tablets, laptops, and routers that enables wireless communication using the Wi-Fi protocol. A Wi-Fi chipset converts digital data into radio waves, transmitting and receiving signals over a specific frequency band to establish connections. In addition to this, it also handles security protocols and manages data transmission in interaction with the device’s operating system and software.
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Global Wi-Fi Chipset Market Trends:
The global market is primarily driven by the augmenting demand for seamless and high-speed wireless connectivity. This can be attributed to the widespread adoption of wireless smart devices such as smartphones, tablets, laptops, and headphones. In line with this, the increasing consumption of data-intensive applications, including video streaming, online gaming, and cloud computing are propelling the need for faster Wi-Fi connection, thereby creating a positive market outlook. Moreover, continual innovations in Wi-Fi standards, such as the transition from 802.11ac (Wi-Fi 5) to the latest 802.11ax (Wi-Fi 6) and Wi-Fi 6E requiring 6 GHz frequency band is resulting in an escalating demand for compatible chipsets, which in turn is creating lucrative opportunities in the market. Some of the other factors contributing to the market include rapid digitization, growing proliferation of internet of things (IoT) devices, and considerable rise in mobile data offloading activities.
Key Market Segmentation:
Competitive Landscape with Key Players:
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Breakup by Product:
- Smartphones
- Tablets
- PCs
- Access Point Equipment
- Connected Home Devices
- Others
Breakup by Band:
- Single Band
- Dual Band
- Tri Band
Breakup by MIMO Configuration:
- SU-MIMO
- MU-MIMO
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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