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), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI4849  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 280   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Wi-Fi Chipset Market size exceeded USD 15 billion in 2019 and is estimated to grow at a CAGR of 3% between 2020 and 2026. The global shipments will reach around 4 billion units annually by 2026.
 

Wi-Fi Chipset Market

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Rising penetration of IoT devices is likely to boost the market growth. A Wi-Fi chipset offers high-speed wireless connectivity, network security, and reduced latency, which will increase its integration into IoT devices across various industries. Enhanced productivity of industries connected over IoT and Wi-Fi networks will further drive the market demand.
 

According to the GSM association, the total IoT connection in 2019 were 12 billion, which is projected to increase up to 24.6 billion connections by 2025. The growing number of IoT connection across various industries is expected to increase the adoption of Wi-Fi chipset.
 

The rising penetration of enterprise wireless network technology in government institutions and IT sector has resulted in the expansion of the Wi-Fi chipset market. The enterprise wireless network offers several benefits including centralized management, high end-user experience, network agility, and security. The increasing adoption of this technology will address the high demand for Wi-Fi chips in the government and IT sectors.
 

Supportive investments by various governments to promote the adoption of enterprise wireless network and Wi-Fi technology will add new growth opportunities.
 

The COVID-19 pandemic has disrupted the supply chain of raw materials and components across the globe. The pandemic has also restrained the buying power of consumers and a decline in demand for consumer electronic equipment, majorly desktop PCs, tablets, and laptops.
 

Majority of the chip manufacturing facilities are located in Asian countries including China, Taiwan, and South Korea due to the high availability of raw materials and cheap resources. Companies are however focusing on shifting their manufacturing facilities to new geographic locations to streamline their market revenue post-COVID-19 pandemic.
 

Wi-Fi Chipset Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 15 Billion
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3% 2026 Value Projection: USD 20 Billion
Pages: 280 Tables, Charts & Figures: 497
Geographies covered (17): U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, Japan, South Korea, India, Taiwan, Brazil, Mexico, South Africa, GCC
Segments covered: Standard, MIMO Configuration, Application, Band, Region
Companies covered (22): Broadcom, Celeno Communications, Cypress Semiconductor Corporation, ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD, GCT Semiconductor Inc, I&C Technology, Intel Corporation, MediaTek, Inc., Microchip Technology Inc., MORSE MICRO, Newracom, NXP Semiconductors, ON Semiconductors, PERASO TECHNOLOGIES INC., Qualcomm Technologies, Inc., Realtek, Semiconductor Corp., Renesas Electronics Corporation, Samsung Electronics Co., Ltd., Silicon Laboratories, STMicroelectronics N.V., Telit , Texas Instruments Incorporated
Growth Drivers:
  • Increasing public wi-fi hotspots in developing nations
  • Rising trend towards smart home devices
  • Technological development for Wi-Fi 6 and Wi-Fi 5
  • Rising initiatives towards 5G technology in developing nations
  • Growing demand for wi-fi in business and enterprises
  • Emphasis towards connected vehicle technology
Pitfalls & Challenges:
  • Regulation and security associated with Wi-Fi technology

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Technological advancements in the Wi-Fi 6 & Wi-Fi 6E will create high market demand

The IEEE 802.11ax (Wi-Fi 6 & Wi-Fi 6E) segment in the Wi-Fi chipset market is poised to witness 20% growth rate till 2026owing to technological advancements in the Wi-Fi 6 and Wi-Fi 6E chipsets over IEEE 802.11ax standard. This standard allows chipset manufacturers to allow data transfer speed of up to 9.6 Gbps over the 160 MHz channel. Such advanced features increase its adoption in smartphones, tablets, laptops, and wearable devices in the market.
 

Companies are extensively focusing on innovating new Wi-Fi chipset for high-end consumer electronic devices, such as gaming console, AR/VR devices, etc., which will fuel the market value.
 

Rising penetration of Over The Top (OTT) media service platforms will drive the demand for MU-MIMO Wi-Fi configuration

U.S. Wi-Fi chipset market

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The MU-MIMO configuration dominated more than 90% of the Wi-Fi chipset market share in 2019on account of the rising penetration of triple play services and OTT platforms in developed economies. This configuration offers high bandwidth and low latency while connecting multiple devices over the Wi-Fi network.
 

According to the March 2020 report by Verizon Communications, in the U.S., the video streaming and online gaming traffic witnessed a significant increase by 12% and 75% respectively. The increase in web-traffic will create a high demand for MU-MIMO Wi-Fi configuration in the market.
 

Increasing government initiatives toward the development of smart cities will spur the demand for dual band chipset

South Korea Wi-Fi chipset market

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The dual band segment accounted for more than 80% revenue share in 2019 and is predicted to expand at a CAGR of 8% through 2026impelled by the high usage of dual-band Wi-Fi chipset in public Wi-Fi routers and gateway devices. The dual band Wi-Fi network supports both 2.4GHz and 5GHz operational frequencies simultaneously. It offers high flexibility, faster transmission speed, and high stability by avoiding connection issues. These factors will increase its acceptance in Wi-Fi connectivity devices for public hotspots and residential applications.
 

Rising government initiatives for the development of smart cities and increasing integration of Wi-Fi & IoT devices in public infrastructures are driving market size. For example, in December 2019, the Seoul Government announced to deploy a city-wide IoT network as a plan to create a network of hyper-connected cities by 2022. The government has planned to install 1,000 wireless gateway devices that will improve the public Wi-Fi infrastructure and smart city applications. Public Wi-Fi hotspots leverage the dual-band Wi-Fi network due to high signaling strength, multiple devices connectivity, and high ability to mitigate network congestions.
 

Growing trend of Bring Your Own Device (BYOD) and workforce mobility will accelerate the adoption in laptop devices

The laptop application held over 20% of the Wi-Fi chipset market share in 2019 and is projected to attain 3% CAGR during 2020 to 2026on account of the rising trend of Bring Your Own device (BYOD) among the enterprise sector. The growing adoption of BYOD policies and enterprise mobility among IT companies is driving the adoption Wi-Fi chipset-based laptop devices in the industry. Laptops connected by a wireless network offers lucrative features such as mobility, productivity, and convenience in handling.
 

Companies are extensively focusing on integrating technologically advanced Wi-Fi chipset into their upcoming laptop devices to gain a competitive advantage in the market. For instance, in September 2020, Samsung launched the ‘Galaxy Book Flex’ series, a laptop device integrated with a Wi-Fi 6 chipset. The new laptop series supports Wi-Fi, Bluetooth, and 5G technology for wireless connectivity applications. 
 

Rising penetration of smart home devices in the U.S.

North America Wi-Fi chipset market

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North America Wi-Fi chipset market accounted for 20% revenue share in 2019 and is anticipated to register growth of above 4% from 2020 to 2026 driven by rising penetration of smart home connected devices in the region. According to January 2020 press release by Consumer Technology Association, around 69% of the total households in the U.S. have at least one smart home technology product in their households. The proliferation of smart home devices such as smart speakers, wireless security systems, smart TVs, connected home appliances, service robots, etc., will increase the regional market growth. Favorable government initiatives supporting the adoption of low-cost and high-speed internet connectivity across the region are likely to boost the acceptance of Wi-Fi chips.
 

Focus on new product launches to stay competitive in the market

Major players in the Wi-Fi chipset market include Broadcom, Inc., Intel Corporation, Qualcomm Technologies, Inc., MediaTek, Inc., Texas Instruments Incorporated, and NXP Semiconductors N.V., among others. Major companies are extensively focusing on R&D activities and new product launches to gain a competitive advantage among other players.
 

This market research report on Wi-Fi chipset includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2026 for the following segments:
 

Market, By Standards

  • IEEE 802.11ay
  • IEEE 802.11ad
  • IEEE 802.11ax (Wi-Fi 6 & Wi-Fi 6E)
  • IEEE 802.11ac
  • IEEE 802.11n (SB and DB)
  • IEEE 802.11b/G

Market, By MIMO Configuration

  • SU-MIMO
  • 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
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC
       

Frequently Asked Questions (FAQ) :

In 2019, the Wi-Fi Chipset industry size crossed USD 15 billion, and it is anticipated to record 3% CAGR through 2026, with global shipments expected to cross 4 billion units annually by 2026.
The IEEE 802.11ax (Wi-Fi 6 & Wi-Fi 6E) segment may depict 20% growth rate through 2026 and will be crucial for market growth on account of technological advancements in the Wi-Fi 6E and Wi-Fi 6 chipsets over IEEE 802.11ax standard.
The MU-MIMO configuration segment accounted for a mammoth 90% of market share in 2019 and will stand out owing to increasing penetration of OTT platforms and triple play services across developed economies.
The dual band segment held 80% revenue share in 2019 and may exhibit 8% CAGR through 2026, driven by increasing adoption of dual-band Wi-Fi chipsets in gateway devices and public Wi-Fi routers.
Proliferating trend of BYOD in the enterprise sector will push the laptop application segment that accounted for 20% of the market share in 2019 and may register 3% CAGR through 2026.
North America held 20% of the global revenue share in 2019 and may record 4% CAGR through 2026, owing to increasing penetration of smart home connected devices in the region.

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Premium Report Details

  • Published Date: Oct 2020
  • Pages: 280
  • Tables: 468
  • Charts / Figures: 29
  • Companies covered: 22
  • Countries covered: 17

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