Wi-Fi Chipset Industry Is Driven by Increasing Demand for High-Performance Network Connectivity

 The growing need for an enhanced network, low latency, and bandwidth communications across enterprises is estimated to drive the market during the forecast period. The significantly increasing data traffic has accelerated the need for superior network connectivity across several verticals, such as corporate and industrial. Thus, it is expected to boost the installations of wi-fi 6 and 6E devices and subsequently increase the demand for their chipsets in the next seven years.

Grand View Research’s Wireless Fidelity (Wi-Fi) chipset industry data book is a collection of market sizing information & forecasts (2019-2030), key players competitive benchmarking analysis, government regulatory data, macro-environmental analysis, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

 

Wi-Fi 6 Chipset Market Insights

The global Wireless Fidelity 6 market generated over USD 9.90 billion revenue in 2021 and is projected to expand at a CAGR of around 4.6% during the forecast period to reach USD 24.10 billion by 2030. The growth of this market can be attributed to the increasing demand for high-performance network connectivity that can allow multiple users to access the network simultaneously at a consistent bandwidth capacity.

The Wireless Fidelity 6 market is expected to register a significant growth rate over the forecast period owing to the growing need for high bandwidth to mitigate network congestion due to heavy network load. Moreover, the growth is further influenced by the rapidly growing demand for modern devices such as smartphones, laptops, tablets, and routers with the supporting capability of new wireless frequency bands such as 2.4GHz, 5GHz, and 6GHz. Additionally, offering Basic Service Set (BSS) colouring features in WiFi 6 technology allows users to improve network reliability in a dense ecosystem by enabling frames from the neighbour’s network. These frames help to minimize interference from other networks and boost the network speed. As a result, these chips are expected to witness increased demand across residential, commercial, and industrial applications.

 

Wi-Fi Chipset 6E Market Insights

The global Wireless Fidelity 6E market generated over USD 2.37 billion revenue in 2021 and is projected to expand at a CAGR of around 27% during the forecast period. The rising need for improved network low latency and bandwidth communications across companies is expected to drive the market over the projected period. The greatly increased data traffic has driven the need for enhanced network connectivity across numerous industries, including corporate and industrial. Thus, over the coming years, it is projected that the installation of Wi-Fi 6E devices will expand, as will the demand for their chipsets. Several companies across the globe are focusing on developing Wi-Fi 6E modules to power the upcoming laptops and PCs.

Wi-Fi 6E have emerged as promising Wi-Fi technology, delivering improved network speed and streamlined connectivity for connected cars. These chipsets are widely used in applications such as advanced driver assistance systems, infotainment systems, and telematics control units. Compared to the predecessor Wi-Fi technology. It delivers high bandwidth, up to fourfold increase in channel capacity, more extended range, and better coverage. Numerous companies are making significant developments in 6E chipsets, thus further increasing their demand across connected vehicles. For instance, LG Innotek, a Korean company, has launched a Wi-Fi 6E module that integrates radio frequency circuitry, communication chipsets, a smart antenna, audio-video navigation system, and other components in one package.

 

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Wi-Fi Chipset 7 Market insights

The global Wireless Fidelity 7 market generated over USD 0.22 billion revenue in 2021 and is projected to expand at a CAGR of around 106.2% during the forecast. Wireless Fidelity 7 is a successor of WiFi. This is based on IEEE 802.11be standard. This is an upgrade in terms of Extremely High-Throughput (EHT) which will boost its video streaming speed and quality. With increasing demands for remote working, gaming, and video streaming, the consumer requires higher speed, stability, and connectivity. This can be used for connectivity purposes in smartphones, smart television, internet connectivity, wearable smart devices such as smartwatches, portable speakers, portable earphones, headphones, printers, intelligent refrigerators, intelligent washing machines, air conditioners, television remote, remote-operated systems, data transfer, smart charging of devices, connected automobile technology, and in the aviation industry. Apart from this, it can also be used to provide internet to various devices at a time. Qualcomm, Broadcomm, Intel Corporation, and MediaTek are key players in this sector.

 

The Wireless Fidelity 7 compatibility will increase the speed of the internet up to 30 Gbps. It will also enhance the wireless audio quality and reduce the latency. The low latency factor would increase its application in portable speakers, earphones, AR (Augmented Reality) sets, and gaming consoles. The Wi-Fi 7 allows many devices to connect at once, which would help in better synchronization in industries. The faster data transfer and processing rate makes 8K video rendering less time-consuming.

 

Wi-Fi Chipset Market – Global Industry Segmentation

 

Wi-Fi Chipset Industry, By Chipset Type

• Wi-Fi 6
• Wi-Fi 6E
• Wi-Fi 7

Wi-Fi Chipset Industry, By Device Type

• WLAN Infrastructure Devices
• Consumer Devices
o Smartphones/Tablets
o Desktops/Laptops
o AR/VR and Wearables
o Smart Home Devices
o Others
• Wireless Cameras
• Industrial IoT Devices
• Connected Vehicles
• Drones
• Others

 

Go through the table of content of Wi-Fi Chipset Industry Data Book to get a better understanding of the Coverage & Scope of the study.

Wi-Fi Chipset Industry, By Application

• Residentials/Consumers
• Commercial
o Enterprises/Corporates
o Airports
o Stadiums
o Malls/Shops
o Hospitals
o Hotels & Restaurants
o Educational Campuses
o Others
• Industrial
o Smart Manufacturing
o Energy & Utility
o Oil & Gas and Mining
• Smart City
• Transportation & Logistics
• Government & Defense
• Others

 

Wi-Fi Chipset Industry Data Book Regional Outlook

• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
• APAC
o China
o Japan
o India
o Singapore
• Latin America
o Brazil
• MEA

 

Wi-Fi Chipset Industry Data Book Competitive Landscape

Market players are primarily focusing on developing new products in the market in order to cater to a large number of customers’ needs and requirements.

Key players operating in the Wi-Fi Chipset industry are –

• Intel Corporation
• Qualcomm Technologies, Inc.
• Broadcom Inc
• Celeno
• Mediatek Inc.
• Nxp Semiconductors N.V.
• Cypress Semiconductor Corporation
• On Semiconductor Connectivity Solutions, Inc.
• STmicroelectronics N.V.
• Texas Instruments Incorporated 

 

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