Connecting the World: The Surging Growth of the Global Wi-Fi Chipset Market by 2026

Posted by Tom C on April 14th, 2023

The Wi-Fi chipset market is expected to experience significant growth in the coming years. MarketsandMarkets, a leading market research firm, has published a report analyzing the Wi-Fi chipset market and its projected growth. The report titled "Wi-Fi Chipset Market by IEEE Standards, MIMO Configuration, Band, Application, and Geography - Global Forecast to 2026" provides insights into the current state of the market and its potential growth in the near future.

According to the report, the Wi-Fi chipset market is expected to grow from USD 19.7 billion in 2020 to USD 25.2 billion by 2026, at a CAGR of 4.2% during the forecast period. The increasing demand for high-speed internet connectivity and the proliferation of smart devices are some of the key factors driving the growth of the Wi-Fi chipset market.

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The report segments the market on the basis of IEEE standards, MIMO configuration, band, application, and geography. Based on IEEE standards, the market is divided into 802.11n, 802.11ac, 802.11ax, and others. The 802.11ac standard is expected to hold the largest market share during the forecast period due to its high data transfer rate and wide coverage area.

Based on MIMO configuration, the market is segmented into SU-MIMO, MU-MIMO, and 1x1 MIMO. MU-MIMO is expected to hold the largest market share during the forecast period due to its ability to transmit data to multiple devices simultaneously, thereby improving the overall network efficiency.

Based on the band, the market is segmented into single-band and dual-band. Dual-band is expected to hold the largest market share during the forecast period due to its ability to operate on both 2.4 GHz and 5 GHz frequencies, providing better network performance and coverage.

Based on application, the market is segmented into smartphones, tablets, PCs and laptops, access points and routers, and others. The access points and routers segment is expected to hold the largest market share during the forecast period due to the increasing demand for Wi-Fi connectivity in commercial and residential buildings.

Geographically, the Wi-Fi chipset market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to hold the largest market share during the forecast period due to the increasing adoption of smart devices and the growing demand for high-speed internet connectivity in the region.

Some of the key players operating in the Wi-Fi chipset market are Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., Marvell Technology Group Ltd., Texas Instruments Inc., MediaTek Inc., Cypress Semiconductor Corporation, Quantenna Communications Inc., Peraso Technologies Inc., and STMicroelectronics N.V.