Wireless Chipset Market Size Report, Share, Analysis and Forecast 2031

Coverage: Wireless Chipset Market covers analysis By Connectivity (Wi-Fi Chipsets, Bluetooth, ZigBee Chipsets, Z-Wave Chipsets, and Others); and Application (Consumer Electronics, Industrial Automation, and Others)

Publication Month : Apr 2024

  • Report Code : TIPTE00002200
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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[Research Report]  The wireless chipset market size is expected to grow from US$ 21.9 billion in 2022 to US$ 32.7 billion by 2030; it is anticipated to expand at a CAGR of 5.2% from 2022 to 2030.

Analyst Perspective:

The wireless chipset market is a dynamic and rapidly evolving sector within the technology industry. Some of the critical drivers for the market growth are the growing number of public Wi-Fi hotspots and the adoption of Internet of Things (IoT) across various sectors and regions, the expanding use of Wi-Fi in enterprises and businesses for customer engagement and relationship management, the increasing demand for high-speed data transfer and bandwidth, and broader coverage for connected devices, and the emergence of new Wi-Fi technologies and standards, such as IEEE 802.11be, 802.11ax, 802.11ac, and 802.11ad (WiGig). Some of the critical challenges for the market growth are the decrease in the shipment of tablets and PCs over the last few years, which reduces the demand for Wi-Fi chipsets, the long standardization and certification time for new Wi-Fi technologies and standards, and the increase in coexistence issues with LTE in LTE-U owing to the use of 5 GHz band, which affects the performance and reliability of Wi-Fi chipsets.

Market Overview:

A wireless chipset is a fundamental component integrated within electronic devices, facilitating seamless communication with other wireless-enabled devices. This crucial hardware is prominently utilized across various products, including computers, routers, and wireless devices transmitting or receiving wireless signals. Within a computer system, a wireless chipset empowers the device to establish connections with compatible wireless devices. Without a wireless chipset, a computer equipped solely with an Ethernet card could not verify connectivity with wireless networks. One of the most prevalent types of wireless chipsets commonly employed in computers is the WLAN card, featuring 802.11b or 802.11g wireless technology.

Various factors influence the growth and adoption of the wireless chipset market. One of these factors is the increasing demand for wireless connectivity in a wide range of devices, including computers, routers, and other wireless-enabled devices. This heightened demand is primarily driven by the widespread use of smart devices and the growing Internet of Things (IoT) ecosystem, which necessitates seamless wireless communication. Another significant driver is the continuous advancement of wireless technology, exemplified by the development of faster and more efficient wireless standards such as 802.11ac and 802.11ax (Wi-Fi 6 and Wi-Fi 6E). These technological advancements enable enhanced data transfer rates, improved network capacity, and overall better performance, fueling the need for upgraded wireless chipsets.

Moreover, the increasing adoption of wireless connectivity in industries such as automotive, healthcare, and smart homes has contributed to the expansion of the wireless chipset market. Wireless chipsets are now commonly integrated into vehicles to facilitate in-car connectivity and advanced driver-assistance systems (ADAS). In the healthcare sector, these chipsets enable the utilization of medical devices and telemedicine applications, allowing for remote patient monitoring and seamless data transmission. Furthermore, the growing demand for high-speed internet access and the deployment of 5G networks have created opportunities for wireless chipset manufacturers. The implementation of 5G technology requires advanced chipsets capable of supporting the network's higher data rates and low latency, thus driving the demand for 5G-compatible chipsets.

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Wireless Chipset Market: Strategic Insights

wireless-chipset-market
Market Size Value inUS$ 21.9 billion in 2022
Market Size Value byUS$ 32.7 billion by 2030
Growth rateCAGR of 5.2% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Market Driver:

Rising Demand for High-Speed Internet Access And 5G Networks

The increasing need for high-speed internet access has profoundly impacted the wireless chipset market. As internet-connected gadgets grow and people increasingly rely on online services, there is a strong demand for fast and reliable connectivity. This demand has prompted wireless chipset manufacturers to develop more advanced chipsets capable of delivering higher data transfer rates and improved network performance, meeting the expectations of users who engage in activities such as streaming high-definition videos, online gaming, and utilizing cloud-based applications. The deployment of 5G networks has ushered in a new era of connectivity, categorized by faster speeds, lower latency, and increased network capacity. The capabilities of 5G technology enable a wide range of applications, including smart cities, autonomous vehicles, and industrial automation, which heavily rely on seamless and high-bandwidth wireless communication. Advanced wireless chipsets are of utmost importance to fully harness the potential of 5G networks. These chipsets are specifically designed to support the higher data rates and low latency offered by 5G, allowing devices to leverage the network's capabilities fully. Wireless chipset manufacturers have diligently developed chipsets tailored to 5G networks to meet these demands. These chipsets integrate cutting-edge technologies such as massive MIMO (Multiple-Input Multiple-Output), beamforming, and higher frequency bands. By incorporating these advancements, the chipsets enable faster and more reliable wireless communication. They are optimized to handle the increased data throughput and low latency requirements associated with 5G, ultimately ensuring a seamless user experience.

Segmentation and Scope:

The "Wireless Chipset Market" is segmented based on connectivity, application, and geography. Regarding connectivity, the wireless chipset market is segmented into Wi-Fi, Bluetooth, ZigBee, Z-Wave, and others. Based on application, the wireless chipset market is segmented into consumer electronics, industrial automation, and others. Based on geography, it is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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Segmental Analysis:

Based on application, the wireless chipset market is segmented into consumer electronics, industrial automation, and others. The consumer electronics segment holds significant importance within the wireless chipset market. Consumer electronics refers to a wide range of personal and entertainment devices, including smartphones, tablets, laptops, smart TVs, gaming consoles, and wearable devices. Wireless chipsets enable wireless connectivity and communication capabilities in these consumer electronic devices. They facilitate features such as Wi-Fi, Bluetooth, and other wireless technologies, allowing seamless connectivity, data transfer, and communication between devices. The increasing adoption of smart devices drives the demand for high-performance wireless chipsets in consumer electronics, the need for faster data transfer rates, and growing consumer expectations for seamless connectivity and user experience. Wireless chipsets enable wireless communication and connectivity in industrial automation systems. They are utilized in machine-to-machine communication, remote monitoring and control, asset tracking, and sensor networks. These chipsets provide reliable and secure wireless connectivity, enabling real-time data transmission, control, and monitoring of industrial processes. The demand for wireless chipsets in industrial automation is driven by the need for increased efficiency, reduced downtime, improved safety, and the adoption of Industry 4.0 principles. The other segment in the wireless chipset market encompasses various industries and applications beyond consumer electronics and industrial automation. This segment includes sectors such as healthcare, transportation, and smart cities.

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Regional Analysis:

Asia Pacific region plays a substantial role in the wireless chipset market. Factors such as the expanding demand for high-speed internet access, the deployment of 5G networks, and the increasing adoption of IoT technology contribute to the region's growth and present numerous opportunities in the wireless chipset market. The Asia Pacific region is home to many internet users, with China being a significant contributor. In 2021, the area witnessed the highest number of internet users globally, indicating a strong demand for high-speed internet access. This demand fuels the need for advanced wireless chipsets to deliver faster data transfer rates and improved network performance. China is critical in the Asia Pacific wireless chipset market, accounting for a substantial market share. The country's extensive use of wireless technologies, particularly in the banking industry, has expanded the wireless chipset market. The growing dominance of smart devices and the growing demand for wireless connectivity across industries further drive the growth of the wireless chipset market.

Key Player Analysis:

Atmel Corporation, Broadcom Inc., Intel Corporation, MediaTek Inc., NXP Semiconductors N.V., Qorvo, Inc., Qualcomm Technologies Inc., Silicon Laboratories, Inc., Sony Corporation, Texas Instruments Inc. are among the key market players profiled in the report.

Recent Developments: 

Companies in the market highly adopt inorganic and organic strategies such as mergers and acquisitions. A few recent key developments are listed below: 

  • In November 2023, MediaTek, a pioneer in adopting Wi-Fi 7 technology, further solidified its position as a leader in the industry by introducing its latest offerings, the Filogic 860 and Filogic 360 solutions. These second-generation additions enhance MediaTek's already extensive portfolio of Wi-Fi 7 solutions, making it the most comprehensive in the industry. With these new solutions, MediaTek aims to expand its platform of state-of-the-art products that leverage the latest advancements in connectivity technology.
  • In September 2023, Intel Corporation and Broadcom Inc. recently collaborated to present an unprecedented demonstration of cross-vendor compatibility in the Wi-Fi 7 domain. The showcase featured an Intel® Core™ processor-based laptop equipped with a cutting-edge Wi-Fi 7 solution, seamlessly connected to a Broadcom Wi-Fi 7 access point. This groundbreaking trial achieved over-the-air speeds exceeding 5 gigabits per second, surpassing previous industry benchmarks. The successful collaboration between these two industry leaders highlights their commitment to advancing wireless technology and demonstrates the potential for future Wi-Fi 7 implementations across various devices and networks.
  • In June 2023, Broadcom Inc. has recently announced the availability of sample products from its second generation of wireless connectivity chipset solutions designed for the Wi-Fi 7 ecosystem. These solutions cater to various applications, including Wi-Fi routers, residential gateways, enterprise access points, and client devices. Introducing these new chips further enhances Broadcom's existing product ecosystem, including their first-generation Wi-Fi 7 chips. The second-generation chips not only provide additional functionality but also expand the market reach of Broadcom's offerings. This announcement signifies Broadcom's commitment to advancing wireless connectivity technologies and meeting the evolving needs of various industries and consumers.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Connectivity, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. Atmel Corporation
2. Broadcom Inc.
3. Intel Corporation
4. MediaTek Inc.
5. NXP Semiconductors N.V.
6. Qorvo, Inc.
7. Qualcomm Technologies Inc.
8. Silicon Laboratories, Inc.
9. Sony Corporation
10. Texas Instruments Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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