Wi-Fi Chipset Market Analysis

Wi-Fi Chipset Market Analysis

Wi-Fi chipset market share from the SU-MIMO segment is anticipated to surpass USD 500 million by 2032. Over the years, SU-MIMO is growing slowly after the development of new technology with improved features, such as MU-MIMO. Multiple data streams can be sent or received between Wi-Fi devices thanks to SU-MIMO technology. In SU-MIMO, a router, access point, or other device sends multiple data streams to a single endpoint device, such as a phone, laptop, or tablet, all at once. Single User MIMO transmits data to only one device at a time.

Wi-Fi chipset market share from the connected home devices segment is expected to record over 5% CAGR from 2023 to 2032. The rising popularity of smart and connected kitchen appliances is anticipated to drive up demand for Wi-Fi chipsets from home appliances. Small appliances like coffee makers, food processors, and blenders that are often built for counters are considered cooking appliances. Smart home appliances are becoming more popular due to consumer lifestyle changes and rising disposable income.
 

Wi-Fi chipset market share from the dual-band segment is predicted to cross USD 25 billion by 2032. Wireless devices used in domestic applications frequently use dual bands. In contrast to a single band, dual-band uses both the 2.4 GHz and 5 GHz frequency bands. By lowering traffic, the use of dual frequency bands increases network speed. The influence of interference from other devices is mitigated by the 5 GHz spectra. The wireless AC technology used by this frequency allows for speeds of up to 5300 Mbps. Additionally, it allows backward compatibility with 802.11n protocol devices.
 

North America Wi-Fi chipset market size amounted to cross USD 4.5 billion in 2022. Sales of connected home devices are growing exponentially due to the expanding use of smart home automation technologies in the region. According to a report from Consumer Device Association, in January 2021, 72% of all American families were expected to have linked at least one connected home device with their home appliances.