"Rapid Increase in Technology to Boost the growth of WiFi Chipset Market"

The WiFi Chipset market worldwide is expected to grow at a CAGR of 5.14% during the forecast period from 2021 to 2029, starting from US$ 18.85 Bn in 2020. The demand for WiFi Chipset is increasing rapidly owing to rising consumer electronics worldwide. The multipurpose use of WiFi Chipset in various smart devices such as smartphones, air-conditioners, washing machines and others has driven the penetration of WiFi Chipsets worldwide. WiFi Chipset has a major application in automation systems such as home and industrial automation, which in turn is giving boost to the market. As a result of the aforementioned factors, we are expecting the WiFi Chipset market to grow steadily during the forecast period. 

"Smartphones Segment to Continue to Dominate the Market"

In 2020, the smartphones segment contributing to over 60% of the total revenue generated worldwide in WiFi Chipset market. Expansion of internet worldwide is driving the growth for smartphones segment. Increasing demand and affordable price of smartphones are driving the growth for smartphones segment. Every smartphone has WiFi Chipset installed which helps them to provide improved mobile data speed, better transfer speed, increase their battery life and other benefits to consumers. Due to all these factors, we are expecting the smartphones segment to continue dominating the market throughout the forecast period.

"Asia Pacific to Register the Fastest Growth in the Forecast Period"

North America led the WiFi Chipset market, in 2020, the regional market accounted for nearly 30% of the total revenue generated worldwide. North America is the leader owing to highly accepted technically advanced consumer electronics products such as smartphones, washing machines, smart devices and others. We are expecting Asia Pacific to register the highest growth in the WiFi Chipset market during the forecast period. Due to presence of key manufacturers for consumer electronics and high usage of Wi-Fi technology in several sectors such as healthcare, retail and others. Due to all these factors, we are expecting Asia Pacific to surpass North America during the forecast period.

Some of the prominent players operating in the WiFi Chipset market include Qualcomm Technologies, Inc., Intel Corporation, Texas Instruments, Inc., STMicroelectronics N.V., Mediatek, Inc., Samsung Electronics Co., Ltd., Marvell Technology Group Ltd., Cypress Semiconductor Corporation, Broadcom Inc., Intel Corporation, Realtek Semiconductor Corp., Quantenna Communications Inc., Espressif Inc. and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of WiFi Chipset market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the WiFi Chipset market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of WiFi Chipset market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the WiFi Chipset market?
• Which is the largest regional market for WiFi Chipset market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving WiFi Chipset market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the WiFi Chipset market worldwide?