Wi-Fi Chipsets Market Insights: Size, Share, Growth Analysis & Forecast (2024-2029)
The report covers a comprehensive analysis segmented by Band (Single & Dual Band, Tri-Band), By Vertical (Consumer Electronics, Enterprise, Industrial, Retail, BFSI, Healthcare, Automotive, Others (Government & Public Sector) , By End-User Application (Consumer Devices, Cameras, Smart Home Devices, Gaming Devices, AR/VR Devices, Mobile Robots, Drones, Networking Devices, In-vehicle infotainment), By Geography (North America, South America, Asia Pacific, Europe, the Middle East, Africa).
Wi-Fi Chipsets Market Snapshot
Wi-Fi Chipsets Market Overview
The market for wi-fi chipsets is projected to grow from $24.22 billion (about $75 per person in the US) in 2024 to $29.78 billion (about $92 per person in the US) in 2029. Through 2024–2029, the global market for wi-fi chipsets is expected to grow at a compound annual growth rate (CAGR) of 4.22%.
The market has seen a shift to new Wi-Fi standards such as Wi-Fi 6 and Wi-Fi 6E, which offer significant improvements in speed, capacity, and performance over previous generations. The adoption of Wi-Fi chipsets in Internet of Things (IoT) devices and smart home applications is driven by the need for connectivity, interoperability, and remote monitoring/control. The growth of Wi-Fi-enabled smart home devices such as thermostats, security cameras, door locks, and lighting has contributed to the growth of Wi-Fi chipset performance. The automotive industry is increasingly incorporating Wi-Fi into vehicles to enable functions such as in-car infotainment, navigation, remote data management, and vehicle-to-vehicle (V2V) communications.
Optimized for automotive use, Wi-Fi chipsets are designed to withstand heavy workloads and provide reliable connectivity in vehicles. Wi-Fi chipsets are an integral part of consumer electronics such as smartphones, tablets, laptops, game consoles and smart TVs. The need for fast, reliable wireless connectivity for multimedia streaming, gaming, social media, and other online activities is driving demand for Wi-Fi chipsets in mobile devices.
​Wi-Fi Chipsets Market Coverage
| Historical & Forecast Period | 2018-2029 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Units | Billion US$ |
| Segments | Band, Vertical, End-Use Application |
| Geographies | North America, South America, Asia Pacific, Europe, The Middle East, Africa |
| Key Vendors |
Qualcomm Technologies Inc., Broadcom Inc., MediaTek Inc., Intel Corp., Texas Instruments Inc. |
Key Geographies of Wi-Fi Chipsets Market, 2023
Porter’s 5 Forces Analysis of Wi-Fi Chipsets Market
Wi-Fi Chipsets Market Trends
With the growth of Internet of Things (IoT) devices, there is a trend towards integrating wi-fi chipsets into various IoT devices such as smart home devices, consumer goods, medical equipment, and electronics. These chipsets are energy efficient and support secure and reliable connectivity to enable IoT deployments. Wi-Fi 6 is the next generation of Wi-Fi technology that provides significant improvements in speed, capacity, and performance over previous generations. Smartphones, laptops, routers, IoT devices and other Wi-Fi devices are increasingly using Wi-Fi 6 chip sets as consumers demand faster, more reliable wireless connections. With growing concerns about cybersecurity threats and privacy issues, there is a focus on integrating strong security features into Wi-Fi chipsets. This includes support for new encryption standards such as WPA3, as well as features such as secure boot, hardware-based encryption, and access to prevent unauthorized access and removal of information.
As 5G networks continue to expand around the world, it is becoming increasingly common to combine Wi-Fi and 5G technologies to provide users with seamless connectivity and a better experience. Supporting features like Wi-Fi offloading, smart network selection, and simultaneous multi-connection (Wi-Fi 6 and 5G), Wi-Fi chipsets help devices take advantage of Wi-Fi and cellular networks for faster, more reliable connections. Artificial intelligence and machine learning technologies are incorporated into Wi-Fi chipsets to improve network performance, optimize bandwidth usage, and improve service quality. These smart Wi-Fi chipsets analyze network traffic patterns, predict user behavior, and adapt to vulnerabilities to provide the best Wi-Fi experience across multiple locations.
Wi-Fi Chipsets Market Driving Factors
The increasing demand for high-speed wireless connections has led to the development of Wi-Fi chipsets that transmit data faster, more efficiently and with lower latency. Consumers, businesses, and organizations need Wi-Fi solutions that can support bandwidth-intensive applications such as content video streaming, online gaming, virtual reality (VR), and augmented reality (AR).
Businesses, and service providers use Wi-Fi networks to support mission-critical applications, increase productivity, and improve customer experience. The demand for enterprise-class Wi-Fi chipsets with features such as high security, quality of service (QoS), uninterrupted roaming and capacity management is driving innovation in the Wi-Fi market. The growth of smart home devices, including smart speakers, thermostats, security cameras, and home automation systems, is driving demand for Wi-Fi chipsets that can provide reliable connectivity and interoperability across multiple devices and platforms.
Wi-Fi Chipsets Market Challenges
Guaranteeing seamless interoperability and compatibility among Wi-Fi chipsets and devices across various manufacturers poses a significant hurdle. Differences in implementation, firmware, and driver software can result in interoperability glitches, compatibility issues, and less than ideal performance. Chipset suppliers need to collaborate closely with device manufacturers, standard organizations, and industry groups to tackle these obstacles and deliver flawless connectivity experiences for consumers. Managing power consumption is crucial for battery-powered devices like smartphones, tablets, wearables, and Internet of Things (IOT) sensors.
Wi-Fi chipsets need to prioritize energy efficiency, reducing power usage in both active and idle states to prolong battery life and support extended operation on battery power. Striking a balance between optimizing power consumption and ensuring consistent performance and connectivity reliability presents an ongoing challenge for chipset manufacturers. Wi-Fi networks are vulnerable to security threats such as intrusions, data leaks, eavesdropping, and malicious attacks. Chipset manufacturers must integrate strong security features into their Wi-Fi chipsets, including access, authentication, boot security, and access control, to protect these threats and ensure complete and usable confidentiality of data sent over Wi-Fi networks.
Wi-Fi technology continues to evolve as new models, methods, and features are introduced to meet the growing demand for higher speed, capacity, and efficiency. Developing Wi-Fi chipsets that support new standards such as Wi-Fi 6 and recent technologies such as Wi-Fi 7 requires significant research and development(R&D) investment as well as expertise in radio frequency (RF) design, signal processing and integration.
Wi-Fi Chipsets Market – Key Industry News
- In January 2024, Media Tek Inc., among the early adopters of Wi-Fi technology revealed its collaboration with the Wi-Fi alliance to introduce a comprehensive initial line up of Wi-Fi 7 certified products. These products will take centerstage in MediaTek’s worldwide ecosystem presentation at Consumer Electronics Show (CES) 2024.
- In November 2023, MediaTek Inc., announced its new devices Filogic 860 and Filogic 360 solutions, creating a broader market for its Wi-Fi 7 products business.
- In December 2022, Xiaomi Corp. launched the world’s first Wi-Fi 7-capable smartphone in the form of the Xiaomi Mi13 Pro. The phone is the first to be powered by Qualcomm’s new Snapdragon 8 Gen 2 platform. Snapdragon 8 Gen 2 comes integrated with Qualcomm’s FastConnect 7800 Wi-Fi 7 connectivity platform.
Wi-Fi Chipsets Market Competitive Landscape
The participants in the global wi-fi chipsets industry are always developing their strategies to preserve a competitive advantage. The companies primarily use acquisitions, R&D, partnerships, and technological launches. Several important entities in the wi-fi chipsets market include Qualcomm Technologies Inc., Broadcom Inc., MediaTek Inc., Intel Corp., Texas Instruments Inc., and others. Companies compete on factors such as performance, energy efficiency, cost, integration capabilities, and support for new models and technologies such as Wi-Fi 6 and Wi-Fi 6E. Additionally, partnerships with device manufacturers and ecosystem players also play a crucial role in shaping the competitive landscape of Wi-Fi chipsets market.
Wi-Fi Chipsets Market Company Share Analysis, 2023 (%)
Wi-Fi Chipsets Market – Key Companies
Reason to Buy from us
Table of Contents
| 1. Introduction |
|---|
| 1.1. Research Methodology |
| 1.2. Scope of the Study |
| 2. Market Overview / Executive Summary |
| 2.1. Global Wi-Fi Chipsets Market (2018 – 2022) |
| 2.2. Global Wi-Fi Chipsets Market (2023 – 2029) |
| 3. Market Segmentation |
| 3.1. Global Wi-Fi Chipsets Market by Band |
| 3.1.1. Single and Dual Band |
| 3.1.2. Tri Band |
| 3.2. Global Wi-Fi Chipsets Market by Vertical |
| 3.2.1. Consumer Electronics |
| 3.2.2. Enterprise |
| 3.2.3. Industrial |
| 3.2.4. Retail |
| 3.2.5. BFSI |
| 3.2.6. Healthcare |
| 3.2.7. Automotive |
| 3.2.8. Others (Government and Public Sector) |
| 3.3. Global Wi-Fi Chipsets Market by Application |
| 3.3.1. Consumer Devices |
| 3.3.2. Cameras |
| 3.3.3. Smart Home Devices |
| 3.3.4. Gaming Devices |
| 3.3.5. AR/VR Devices |
| 3.3.6. Mobile Robots |
| 3.3.7. Drones |
| 3.3.8. Networking Devices |
| 4. Regional Segmentation |
| 4.1. North America |
| 4.1.1. The U.S |
| 4.1.2. Canada |
| 4.1.3. Mexico |
| 4.2. South America |
| 4.2.1. Brazil |
| 4.2.2. Argentina |
| 4.2.3. Colombia |
| 4.2.4. Chile |
| 4.2.5. Rest of South America |
| 4.3. Asia Pacific |
| 4.3.1. China |
| 4.3.2. India |
| 4.3.3. Japan |
| 4.3.4. South Korea |
| 4.3.5. Rest of Asia Pacific |
| 4.4. Europe |
| 4.4.1. UK |
| 4.4.2. Germany |
| 4.4.3. Italy |
| 4.4.4. France |
| 4.4.5. Spain |
| 4.4.6. Rest of Europe |
| 4.5. The Middle East |
| 4.5.1. Turkey |
| 4.5.2. UAE |
| 4.5.3. Saudi Arabia |
| 4.5.4. Rest of the Middle East |
| 4.6. Africa |
| 4.6.1. Egypt |
| 4.6.2. South Africa |
| 4.6.3. Rest of Africa |
| 5. Value Chain Analysis of the Global Cybersecurity Market |
| 6. Porter Five Forces Analysis |
| 6.1. Threats of New Entrants |
| 6.2. Threats of Substitutes |
| 6.3. Bargaining Power of Buyers |
| 6.4. Bargaining Power of Suppliers |
| 6.5. Competition in the Industry |
| 7. Trends, Drivers and Challenges Analysis |
| 7.1. Market Trends |
| 7.1.1. Market Trend 1 |
| 7.1.2. Market Trend 2 |
| 7.1.3. Market Trend 3 |
| 7.1.4. Market Trend 4 |
| 7.1.5. Market Trend 5 |
| 7.2. Market Drivers |
| 7.2.1. Market Driver 1 |
| 7.2.2. Market Driver 2 |
| 7.2.3. Market Driver 3 |
| 7.2.4. Market Driver 4 |
| 7.2.5. Market Driver 5 |
| 7.3. Market Challenges |
| 7.3.1. Market Challenge 1 |
| 7.3.2. Market Challenge 2 |
| 7.3.3. Market Challenge 3 |
| 7.3.4. Market Challenge 4 |
| 7.3.5. Market Challenge 5 |
| 8. Regulatory Landscape |
| 9. Competitive Landscape |
| 9.1. Qualcomm Technologies Inc. |
| 9.2. Broadcom Inc. |
| 9.3. MediaTek Inc. |
| 9.4. Intel Corp. |
| 9.5. Texas Instruments Inc. |
| 9.6. Company 6 |
| 9.7. Company 7 |
| 9.8. Company 8 |
| 9.9. Company 9 |
| 9.10. Company 10 |
Wi-Fi Chipsets Market – Frequently Asked Questions (FAQs)
What is the current size of the global wi-fi chipsets market?
The market size for the global wi-fi chipsets market in 2024 is $24.22 Bn.
Who are the major vendors in the global wi-fi chipsets market?
The major vendors in the global wi-fi chipsets market are Qualcomm Technologies Inc., Broadcom Inc., MediaTek Inc., Intel Corp., Texas Instruments Inc.
Which segments are covered under the global wi-fi chipsets market segments analysis?
This report offers in-depth insights into each band, vertical, end-use application.