Wi-Fi Chipset Market Size, By Standard (IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax, IEEE 802.11ac, IEEE 802.11n, IEEE 802.11b/G), By Multiple-input Multiple-output (MIMO) Configuration (Single-user Multiple-input Multiple-output (SU-MIMO), Multi-user Mul

Wi-Fi Chipset Market Size, By Standard (IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax, IEEE 802.11ac, IEEE 802.11n, IEEE 802.11b/G), By Multiple-input Multiple-output (MIMO) Configuration (Single-user Multiple-input Multiple-output (SU-MIMO), Multi-user Multiple-input Multiple-output (MU-MIMO) [1x1 MU-MIMO, 2x2 MU-MIMO, 3x3 MU-MIMO, 4x4 MU-MIMO, 8x8 MU-MIMO]), By Band (Single Band, Dual Band, Tri Band), By Application (Smartphone, Tablet, Desktop PC, Laptop, Connected Home Devices), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

The Wi-Fi chipset market is anticipated to reach a notable valuation by 2028 on account of growing number of initiatives towards establishing 5G technology across key regions.

Escalating demand for Wi-Fi in enterprises and businesses has augmented industry uptake. In addition, rising dispensable incomes of consumers have caused an upsurge in demand for smart home devices, which has propelled product adoption in recent years.

Moreover, industry participants have been engaging in lucrative strategies to tap into emerging trends in the market, thereby supporting overall business expansion. For instance, in November 2021, MediaTek, a global semiconductor company, announced a collaborative effort with Advanced Micro Devices, Inc., a U.S.-based semiconductor company, to co-develop the AMD RZ600 Series Wi-Fi 6E modules, which features MediaTek's novel Filogic 330P chipset. Both firms intended to offer industry-leading Wi-Fi solutions with less interference and high speed for desktop PCs and laptop devices.

In another instance, in January 2022, Qualcomm Technologies, a prominent semiconductor manufacturer, expanded its partnership agreement with Renault Group, a major automobile manufacturer, to equip the novel Renault cars with the latest connected vehicle technology, comprising of Wi-Fi, 5G, Bluetooth, and digital cockpit. The companies intended to integrate connected and intelligent solutions to transform the automotive architecture by leveraging Qualcomm’s Snapdragon Digital Chassis.

The Wi-Fi chipset market has been segmented on the basis of application, standards, MIMO configuration, brand, and region. With respect to standards, the market has further been classified into IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax (Wi-Fi 6 & Wi-Fi 6E), IEEE 802.11ac, IEEE 802.11n (SB and DB), and IEEE 802.11b/G. The IEEE 802.11n (SB and DB) sub-segment held a market share of around 15% in 2021 and is set to develop at a steady pace through the forecast period. Increasing adoption of IEEE 802.11n standard in Wi-Fi routers and gateway devices is estimated to boost segmental expansion.

In terms of application, the Wi-Fi chipset market has been segregated into connected home devices, smartphone, laptop, tablet, desktop PC, and others. The tablet sub-segment registered nearly 10% market share in 2021 and is expected to witness optimistic growth over the analysis timeline. This growth is attributed to the prevalent adoption of tablet devices for online education and work from home applications in developing nations.

From the regional point of view, the Latin America Wi-Fi chipset market accounted for about 10% market share in 2021 and is likely to gain considerable traction over the assessment period. Increasing government efforts to establish Wi-Fi hotspots in LATAM is estimated to accelerate regional market development in the coming time period.