Growth Opportunities of Wi-Fi Chipset Market in Coming Years

The major industry verticals of the Wi-Fi chipset market includes consumer electronics, enterprise, industrial, retail, BFSI, healthcare, automotive. It is expected to boost the demand for Wi-Fi chipset leading to USD 25.2 billion opportunity till 2026.

The Wi-Fi chipset market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021–2026).

Growing number of public Wi-Fi hotspots, adoption of Internet of Things (IoT), growth of Wi-Fi in enterprise and business, rising need for faster data transfer and significant increase in the internet penetration rate are significant driving factors in the Wi-Fi chipset market during the forecast period.

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Qualcomm Technologies, Inc. (US) is ranked first in the Wi-Fi chipset market, especially after the exit of Broadcom Corporation (US) from the Wi-Fi chipset market in 2020. Qualcomm Technologies, Inc. provides numerous chips, which are manufactured according to the latest IEEE standard. All such chipset products are used by many consumer device manufacturers such as D-Link Corporation (Taiwan), Sony Corporation (Japan), Fujitsu Ltd. (Japan), and Toshiba Corporation (Japan).

Enterprises and businesses of all sizes, across segments and verticals, are increasingly shifting toward a Wi-Fi-based customer engagement model. Wi-Fi hotspots at coffee shops, airports, hotels, buses, trains, sports stadiums, and retail stores are used for customer engagement and customer relationship management. The commercial complex that offers free Wi-Fi connectivity is gaining high popularity among consumers.

Despite the growth of the overall consumer electronics segment the shipment of PCs and tablets is expected to witness negligible growth, affected largely by the improved performance of phablets and falling prices of smartphones. The low-cost manufacturing of smartphones in China has played an important role in the increased shipment of smartphones in this region.