Wi-Fi Chipset Market to Continue Strong Growth in Coming Years

Posted by Tom C on February 8th, 2023

Wi-Fi chipset market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021–2026).

The development and distribution of integrated circuits (chips) used in Wi-Fi-enabled gadgets including smartphones, laptops, tablets, and home automation systems is referred to as the Wi-Fi chipset market. High-speed internet connectivity and wireless data transmission are made possible by Wi-Fi chipsets.

Download PDF:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42186393

Due to the broad adoption of internet-connected devices and the growing use of Wi-Fi for data transfer and communication, the demand for Wi-Fi chipsets has been rising quickly in recent years. The need for smart home gadgets and the expansion of the Internet of Things (IoT) are both likely to drive further growth in the Wi-Fi chipset market.

The manufacturing and retailing of integrated circuits (chips) for Wi-Fi-enabled products, including mobile phones, laptops, tablets, and home automation systems, is referred to as the Wi-Fi chipset market. High-speed internet connectivity and wireless data transmission are made possible by Wi-Fi chipsets. High-speed internet connectivity is made possible by Wi-Fi chipsets, which also enable wireless data transmission.

Since internet-connected devices have become more widely used and Wi-Fi is now more frequently used for data transfer and communication, the demand for Wi-Fi chipsets has been rising quickly. The Wi-Fi chipset market is anticipated to expand further as a result of the development of the Internet of Things (IoT) and the rising demand for smart home gadgets.

With a variety of Wi-Fi chipsets for use in mobile devices, home networks, and business networks, Broadcom is another significant participant in the Wi-Fi chipset market. The company is renowned for the great performance and dependability of its chipsets.

A Taiwanese semiconductor business called MediaTek offers Wi-Fi chipsets for a variety of gadgets, such as smartphones, tablets, and smart home appliances. To accommodate the rising demand for high-speed internet access, the company has been making significant investments in the development of new and sophisticated Wi-Fi chipsets.

In conclusion, there is a huge demand for cutting-edge and dependable Wi-Fi chipsets in the quickly expanding Wi-Fi chipset market. The demand for Wi-Fi chipsets is anticipated to increase due to the rising use of internet-connected devices and the development of the IoT, providing chances for businesses in the sector to compete and innovate.