Wi-Fi Chipset Market - By Standard (IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax, IEEE 802.11ac, IEEE 802.11n, IEEE 802.11b/G), By MIMO Configuration (Single-user MIMO, Multi-user MIMO), By Band (Single, Dual, Tri), By Application (Smartphone, Tablet, Desk

Wi-Fi Chipset Market - By Standard (IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax, IEEE 802.11ac, IEEE 802.11n, IEEE 802.11b/G), By MIMO Configuration (Single-user MIMO, Multi-user MIMO), By Band (Single, Dual, Tri), By Application (Smartphone, Tablet, Desktop PC, Laptop, Connected Home Devices) & Forecast, 2023 - 2032

Global Wi-Fi Chipset Market is poised to depict exponential growth from 2023 to 2032, driven by the technological development of Wi-Fi 6 and Wi-Fi 5. Wi-Fi standards are becoming more innovative, resulting in faster transfer speeds, longer battery life, and improved performance in congestion when utilized in routers, home appliances, video game consoles, and other devices, which, in consequence, may push industry growth.

Connected vehicles are expected to be a crucial element of the future automotive industry, propelling the Wi-Fi chipset market forward. Integrating Wi-Fi chips into a connected car enables wireless charging of electric vehicles (EVs), display sharing, automatic parking, keyless entry, hands-free speech audio streaming, rear-seat entertainment, and multimedia distribution, among other things.

Moreover, the companies operating in the field are continuously innovating their Wi-Fi chipset offerings to accelerate their demand in the automotive, telecom, and consumer electronics manufacturing sectors. To cite an instance, in March 2022, Intel Corporation improved its brand presence by introducing the vPro platform with 12th Gen Intel Core processors with enhanced support for DDR5 and LPDDR5 memory. These new platforms will enable developers to integrate the Wi-Fi SoCs efficiently in multiple business application-supported device manufacturing.

The Wi-Fi chipset market is divided based on standard, band, applications, and region.

By standard, the Wi-Fi chipset market from the IEEE 802.11ax (Wi-Fi 6 & Wi-Fi 6E) segment is expected to witness significant growth due to its enhanced performance and efficiency with improved traffic management. Wi-Fi 6 standard provides channel-sharing capability, which allows multi-user communication on downlink & uplink. It also provides a power-saving mechanism to help improve the battery life of devices, which favors increasing product uptake.

As per band, the tri-band Wi-Fi chipsets market is projected to gain immense traction and expand at over 5% CAGR between 2023 and 2032. The tri-band chipsets connect to the devices based on the quickest and least busy network. It has three frequency bands, two of 5 GHz, and one of 2.4 GHz, allowing more gadgets to connect to a network at the same time with less interference, which is likely to favor their adoption through 2032.

The major players operating in the market are offering innovative tri-band Wi-Fi chipsets to support next-gen networking devices. To cite an instance, in December 2022, Taiwanese chipmaker, MediaTek, unveiled its new Dimensity 8200 chip which supports tri-band wi-fi 6E and will power premium 5G smartphones.

The Wi-Fi chipset market from the smartphone applications segment is estimated to be robust due to consistent technological breakthroughs, such as Wi-Fi 6 and Wi-Fi 6E chipsets. Additionally, establishing the IEEE 802.11 ax standard will likely encourage the development of advanced Wi-Fi chipsets.

Regarding the regional landscape, the Asia Pacific Wi-Fi chipset market is slated to hold over 40% revenue share by the end of 2032. The regional growth can be attributed to the rising government investments by countries including China, Taiwan, India, and South Korea to support chipset manufacturing in the region. Furthermore, the booming electronics sector and the widespread use of automated machinery across industries are set to boost the regional industry share.