The global Wi-Fi semiconductor chipset market is expected to reach US$ 20.1 Billion in 2022. It is projected to surpass US$ 26.3 Billion and exhibit growth at a CAGR of 5.2% from 2022 to 2032. The increasing penetration of the internet and the rising number of public Wi-Fi hotspots across the globe are likely to fuel the demand for Wi-Fi semiconductor chipsets in the near future.
A recent market research study on the Wi-Fi Semiconductor Chipset market was released by Future Market Insights. The study offers a thorough analysis of the Wi-Fi Semiconductor Chipset market’s historical data, present situation, and potential future growth.
The important trends and growth variables that are expected to have an impact on the market in the upcoming years are meticulously examined in the report. During the projected period, it is anticipated that the adoption of cloud computing and artificial intelligence would advance the technology industry.
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Increased competitive pressure and an expedited digital transformation in the areas of data analytics and artificial intelligence are expected to boost the growth prognosis for the Wi-Fi Semiconductor Chipset market in the upcoming decade.
According to the FMI report, substantial product advancements, shifts in consumer behavior, and expanding distribution networks all continue to have an effect on the market for Wi-Fi semiconductor chipsets. The FMI analysts who created the Wi-Fi Semiconductor Chipset market study used novel research methods, in-depth data analysis, and collection from a range of primary and secondary sources.
Impact of COVID-19 on Wi-Fi Semiconductor Chipset Market
The IT industry has been significantly impacted by the start of COVID-19. The technology sector has suffered from disruptions in the raw material supply and electronic supply-value chain. The introduction of remote working has, however, had a favorable effect on the sector. A positive outlook is anticipated as a result of the quick focus on integrating digital techniques and big data analytics in IT services and the technology sector.
The COVID-19 effect analysis is the sole focus of a chapter of a recent report from FMI. This is meant to assist Wi-Fi Semiconductor Chipset market participants in implementing creative solutions to deal with problems that could potentially affect the market.
Key Questions Addressed in the Wi-Fi Semiconductor Chipset Market Report
- How will the Wi-Fi Semiconductor Chipset market expand through 2031?
- Which are the major key growth drivers and opportunities driving the market growth?
- What are the recent technological developments in the Wi-Fi Semiconductor Chipset market?
- What are key challenges and competition threats faced by Wi-Fi Semiconductor Chipset market players?
- Which region is the most lucrative in the Wi-Fi Semiconductor Chipset market?
Market Competition
Some of the key players operating in the global Wi-Fi semiconductor chipset market are Qualcomm Technologies, Inc., Broadcom Inc., MediaTek Inc., Intel Corporation, Texas Instruments Incorporated., Hewlett Packard Enterprise Co., STMicroelectronics N.V., Samsung Electronics Co., Ltd., NXP Semiconductors N.V., On Semiconductor Co., Inc., Skyworks Solutions, Inc., Cisco Systems Inc., Simcom Wireless Solutions Limited, Peraso Technologies, Inc., Cypress Semiconductor Corporation, Dell Technologies, CommScope Holding Co., Quectel, Extreme Networks, and ASUS.
Leading players are focusing on upgrading organizations’ data transfer and bandwidth rate over wireless communication with the ongoing development in the field of IoT technology. Meanwhile, some of the other prominent companies are engaging in acquisitions and new product developments to cater to the increasing consumer demand globally by expanding their existing product portfolios.
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Key Segments Profiled in the Wi-Fi Semiconductor Chipset Industry Survey
MIMO Configuration:
- SU-MIMO
- MU-MIMO
Band:
- Single & dual-band
- Tri-band
IEEE Standard:
- 11be (Wi-Fi 7)
- 11ax (Wi-Fi 6 and 6E)
- 11 ac (Wi-Fi 5)
- 11ad
- 11b/g/n
Vertical:
- Consumer Electronics
- Enterprise
- Industrial
- Retail
- BFSI
- Healthcare
- Automotive
- Others (Government & Public Sector)
End Use:
- Consumer Devices
- Cameras
- Gaming Devices
- AR/VR Devices
- Mobile Robots
- Drones
- Networking Devices
- mPOS
- In-vehicle Infotainment
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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