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“Increase in public Wi-Fi hotspots and connected devices ownership is the major driver for the growth of the Wi-Fi chipset market.”
The Wi-Fi chipset market was valued at USD 15.89 billion in 2016 and is expected to reach USD 19.72 billion by 2022, at a CAGR of 3.5% between 2017 and 2022.
The connected devices ownership across the world is expected to grow at a significantly high rate during the forecast period and is attributed to the growth of Internet of Things (IoT). The enormous growth of connected devices is likely to increase the congestion over the mobile network during the forecast period. To tackle this situation the adoption of Wi-Fi hotspot solutions by communication service providers and network operators is expected to rise significantly in the coming years.
Mobile Network Operators (MNOs) are now considering the advantage of the unlicensed spectrum and Wi-Fi as part of their mobile strategy. In the coming years, the MNOs with a combination of licensed spectrum and Wi-Fi would offer a wide coverage of data service and at the highest profit margin. This in turn is expected to increase the Wi-Fi chipset market during the forecast period.
“Connected home devices segment is expected to grow at the highest rate in the Wi-Fi chipset market.”
The Wi-Fi chipset market for the connected home devices segment is expected to witness the highest growth among all other products between 2017 and 2022. With the advent of high speed wireless connectivity technology, the Wi-Fi technology has gained significant momentum in the television market. This factor has led to the inception of the Smart TV over the years. Similarly, the Wi-Fi-enabled music system has no connecting wires and is less complex to operate than the earlier music systems. Other consumer electronics products such as a Wi-Fi-enabled refrigerator and washing machine have gained with the evolution of IoT and are driving the growth of the Wi-Fi chipset market.
“Multiple-user multiple input multiple output (MU-MIMO) segment expected to witness the highest growth in the Wi-Fi chipset market”
The Wi-Fi chipset market for the MU-MIMO segment is expected to witness a significant growth during the forecast period in the consumer electronics segment, which includes smartphones, tablets, PCs, and access point equipment. In the coming years, MU-MIMO technology-based Wi-Fi chipset would offer better Wi-Fi user experience, and would solve the network congestion issues in enterprise and Wi-Fi networks in commercial buildings and retail space. With the growth of connected devices ownership in homes, along with the growing penetration of 4K TVs and on-demand video, the Wi-Fi chipset market for MU-MIMO is expected to surpass SU-MIMO during the forecast period.
“Asia Pacific to hold the largest share and to witness the highest growth in the Wi-Fi chipset market”
Asia Pacific (APAC) is expected to continue to hold the largest share in the Wi-Fi chipset market. The rapid growth of smartphones, and smart TVs in developing countries of the APAC region, such as India, China, and Indonesia, is expected to offer a significant growth opportunity for the Wi-Fi chipset market in this region during the forecast period. China is the world’s lowest cost manufacturing location for smartphones, tablets, and other wireless connected devices.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the Wi-Fi chipset industry.
The break-up of primary participants has been shown below:
- By Company Type: Tier 1 – 55 %, Tier 2 – 20%, and Tier 3 – 25%
- By Designation: C-Level Executives – 50%, Directors – 25%, and Others – 25%
- By Region: North America – 60%, Europe – 20%, APAC – 10%, and RoW – 10%,
The report also profiles the key players in the Wi-Fi chipset market ecosystem. The prominent players profiled in this report are Qualcomm Technologies, Inc. (U.S.), MediaTek, Inc. (Taiwan), Intel Corporation (U.S.), Texas Instruments, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Cypress Semiconductor Corporation (U.S.), Marvell Technology Group Ltd. (Bermuda), Samsung Electronics Co., Ltd. (South Korea), Quantenna Communications Inc. (U.S.), and Peraso Technologies, Inc. (Canada)
The overall market for Wi-Fi chipset has been segmented on the basis of product category, MIMO configuration, band, IEEE standards, and geography. Geography has been further segmented into the country level. The Porter’s five forces analysis has also been included in the report with a description of each of its forces and its respective impact on the Wi-Fi chipset market. This report describes the drivers, restraints, opportunities, and challenges for the growth of the Wi-Fi chipset market.
Key Benefits of Buying the Report
The report would help leaders/new entrants in the Wi-Fi chipset market in the following ways:
- This report segments the Wi-Fi chipset market comprehensively and provides the closest market size projection for all segments across different regions.
- The report helps stakeholders understand the pulse of the Wi-Fi chipset market and provides them with the information on key drivers, restraints, challenges, and opportunities for market growth.
- This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
- Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the Wi-Fi chipset market.