WIFI Chipset Market Analysis, Trends and Dynamic Demand by Forecast 2016 to 2030

Report Summary
The size of the world market for wi-fi 6, wi-fi 6E, and wi-fi 7 chipsets was estimated at USD 12.29 billion in 2021 and is anticipated to rise at a CAGR of 17.3% from 2022 to 2030. In 2021, there were 1,852.9 million units demanded by the world market. During the projection period, the market is anticipated to be driven by the rising need for improved networks, low latency, and bandwidth communications among businesses. The demand for better network connectivity has increased across a number of industries, including corporate and industrial, as a result of the rapidly growing data traffic. In the ensuing seven years, it is anticipated that this will increase the installation of wi-fi 6 and 6E devices and thus raise the need for their chipsets.

The Wi-Fi 6E consumer device, the BCM4389, was launched by Broadcom Inc. in 2020. The device doubles the speeds and reduces latency in half compared to the prior device by expanding the level to support the soon-to-be-workable 6 GHz spectrum and wider 160 MHz channel bandwidths. Future Augmented Reality/Virtual Reality (AR/VR) gadgets and flagship smartphones might benefit greatly from the BCM4389's real-world rates of over 2 Gbps and up to 5 times better battery use. The use of the new chipset technology is anticipated to increase dramatically between 2022 and 2030 due to its advantages over the current wireless standard.

The market's expansion is attributable to the automobile industry's expanding use of wireless connectivity technology. Wi-Fi chipsets are being integrated into a variety of applications, including as music systems, vehicle lighting, and instrument clusters. The need in the automobile sector is further fueled by these chipsets' enhanced security, clever interface handling, high-speed data transfer, and quick target wakeup time. In order to provide application-specific chipsets to the car OEMs, chip manufacturers are concentrating on forming strategic alliances and collaborations.

The COVID-19 epidemic has increased demand for work-from-home jobs and online learning programmes, which has benefited market potential for Wi-Fi chipset producers. IT peripherals including Wi-Fi hotspots, dongles, laptops, data cards, and printers are now much more readily available. Wi-Fi chipsets will be required by these gadgets, which will aid telecommunications and internet service providers in surviving the pandemic and increase demand for Wi-Fi chipsets in the upcoming years.

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Global WIFI Chipset Market: Major Players
Broadcom
Microchip
Cypress Semiconductor
Marvell
STMicroelectronics
Realtek
Texas Instruments
Intel
MediaTek
Qualcomm Atheros

Global WIFI Chipset Market: Types
802.11n
802.11ac
802.11ad
Others

Global WIFI Chipset Market: Applications
Computer (Notbook and Desktop PC)
Smart Home Devices
Mobile Phone
Others

Global WIFI Chipset Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global WIFI Chipset market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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The market value will increase because to rising demand for single user MIMO setup in banking security applications.
Through 2028, the single-user Multiple-input Multiple-output (SU-MIMO) Wi-Fi chipset market is anticipated to develop at a 2% CAGR, driven primarily by an increase in use in banking and financial institutions. It is a safe way to share extremely sensitive data because it only transfers information to one device. However, it offers high bandwidth, data encryption, and cybersecurity capabilities, making it perfect for banks and insurance firms. Banks will be able to provide high data security and network agility thanks to the use of SU-MIMO in Wi-Fi routers, gateway devices, and transmitters. This will create huge growth potential for SU-MIMO applications.

Frequently Asked Questions About This Report
How big is the Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 Chipset Market?
•What is Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 Chipset market growth?
•Which segment accounted for the largest Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 Chipset market share?
•Who are the key players in Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 Chipset market?
•What are the factors driving the Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 Chipset market?

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