Wi Fi Chipset Market

• Growing automation adoption to drive growth for Wi-Fi chipset

The widespread global adoption of the IoT (Internet of Things) in the residential, industrial, and commercial sectors has created a demand for advanced automation, driving demand for wireless chipsets. Automation integration across applications offers improved productivity, adaptability, dependability, high security, increased output, faster processing, more convenient living, and cost-effectiveness. Nevertheless, more Internet of Things connections in various industries is anticipated to propel the wireless chipset market's expansion in the following years.

For instance, the European Telecommunications Network Operators' Association (ETNO) reports that there is currently about 16 million Internet of Things connections built into smart buildings across Europe, with the number expected to reach 154 million by the end of 2025.

Furthermore, rising criminal activity, combined with increased government efforts and plans to encourage the setup of advanced real-time surveillance technologies to provide enhanced security, is anticipated to affect wireless chipset market revenue growth. In light of this, automation is likely to increase demand for wireless chipsets on a global scale.

The Global Wi-Fi Chipset Market Industry experiences a surge in demand for high-speed internet connectivity, driven by the proliferation of smart devices and the growing reliance on cloud-based applications. As of 2024, the market is valued at approximately 26.7 USD Billion, reflecting the increasing consumer preference for seamless online experiences. This trend is likely to continue, with projections indicating a market growth to 48.1 USD Billion by 2035. The anticipated compound annual growth rate of 5.5% from 2025 to 2035 underscores the importance of advanced Wi-Fi chipsets in meeting the bandwidth requirements of modern applications.

By Region, the study provides market insights into Europe, North America, Asia-Pacific, and the Rest of the World. The North American Wi-Fi chipset market is expected to grow at a significant CAGR during the study period, accounting for USD 9.87 billion in 2021, owing to widespread regional Internet of Things adoption (IoT). The increasing use of high-tech smart devices and consumer electronics and the growing use of wireless chipsets encourages further investment in the wireless chipset space. Further fueling the demand for Wi-Fi chipsets in the region is the trend toward industrial automation.

The region's reliance on wireless technology is also growing to provide favorable infrastructure to technology companies and other industries and guarantee a stable network across commercial and residential sectors. Furthermore, large wireless companies have a strong presence in North America, making it an important regional market for Wi-Fi chipset technology.

Moreover, the major countries covered in the market report include the United States, Germany, Canada, France, the United Kingdom, Italy, Spain, India, Japan, Australia, China, South Korea, and Brazil.

Figure 3: Wi-Fi Chipset Market SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The European Wi-Fi chipset market is the world's second-largest owing to the growing demand for open-source software and the region's increased prevalence of data security. Smartphone adoption in the United Kingdom and Germany is expected to drive regional Wi-Fi semiconductor chipset market share during the assessment period. This expansion can be attributed to lower prices and advancements in smartphone technology. Additionally, the high consumption of Wi-Fi chipsets by businesses & enterprises, automotive companies, and smart devices, combined with the rising demand for Wi-Fi chipsets by IEEE standards, are driving the smartphone Wi-Fi chipset in Europe. Further, the U.K.

Wi-Fi chipset market held the largest market share, and the German Wi-Fi chipset market was the fastest-growing market in the European region.

The Asia Pacific Wi-Fi chipset market is expected to grow at the fastest CAGR during the forecast period, owing to the presence of many Wi-Fi chipset manufacturing companies and the use of Wi-Fi chipsets in finished products. In addition, it is anticipated that increased government adoption of public hotspots in developing nations like Japan, South Korea, China, Singapore, and India will drive the Wi-Fi device market demand during the forecasting years. As a result, China accounted for most of the Asia Pacific wireless chipset market. By IEEE standards, China will be the top country producing Wi-Fi chipsets in 2023.

In addition, the Asia-Pacific region's expanding adoption of wi-fi technology in education, healthcare, retail, and other sectors has significantly contributed to the market's expansion.

Key Wi-Fi chipset manufacturers strategically collaborate with end-use clients such as smartphone manufacturers to supply Wi-Fi 6e chipsets. Major players focus on product launches, collaborations, partnerships, and R&D activities to stay competitive and gain market share. Key wireless chipset industry players invest in product innovation to meet the changing demands of the Wi-Fi devices sector.

Broadcom Inc is an American semiconductor and infrastructure software product designer, developer, and manufacturer. Broadcom's products are used in data centers, networking, software, broadband, wireless, storage, and industrial applications. In January 2021, Broadcom Inc. and Apple Inc. entered into a partnership and agreement. The strategic alliance aimed to provide Broadcom Inc's wi-fi 6e chipsets to Apple Inc.'s smartphones, laptops, and iPads. The supply agreement for the chipset is worth USD 15 billion. In addition to Apple Inc, Broadcom Inc also supplies the wi-fi s chipsets for Samsung devices, such as the Galaxy 10 and Galaxy Note 10.

Broadcom Inc. has given Samsung over 150 million wi-fi 6e chipsets until February 2021.

Marvell Technology Inc is an American company based in Santa Clara, California, that develops and manufactures semiconductors and related technology. In May 2021, NXP Semiconductors paid $ 1.76 billion for Marvell's wireless connection business. The strategic acquisition includes Marvell's Bluetooth and Wi-Fi (including wi-fi 6e) technology portfolios and related assets. Additionally, the acquisition will give NXP access to a wider range of wi-fi s chipsets for important application areas like industrial automation, IoT, and automotive.