Demand for Wi-Fi Chipsets is expected to reach US$ 32.6 billion by 2033, expanding at a CAGR of 4.8%: FMI Study

Based on data from the market research firm FMI, the Wi-Fi chipset market is expected to reach US$ 20.5 billion by 2023 and US$ 32.6 billion by 2033 at a CAGR of 4.8%. Public Wi-Fi hotspots and enterprise and business use of Wi-Fi have been increasing as the Internet of Things (IoT) has gained popularity. Internet penetration has increased significantly, leading to an increase in the need for faster data transfer, which is a major driving force for the market for Wi-Fi chipsets.

Chipsets that support Wi-Fi allow devices to connect wirelessly to local networks and the internet without requiring physical cables. In the digital age, Wi-Fi has become an indispensable technology for smartphones, laptops, tablets, smart home devices, and IoT (Internet of Things) products. Wi-Fi chips are typically found in products that connect to WiFi hotspots. Networking services can be accessed without using standard cables using these networks. This type of network is typically built in a public area and is usually open to the public. The devices are also equipped with a security standard called WEP in addition to the Wi-Fi connection. Adaptive Channel Expansion technology has also resulted in a significant increase in the speed of the WiFi chip.

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Wireless chipsets are constantly advancing in technology, and their applications have increased with the invention of the Internet of Things. High-speed communication is becoming increasingly important as more devices become wireless. Devices such as these can be found in many devices, including smartphones, routers, and other devices that send and receive data at high speeds.

A Wi-Fi chipset can transfer large amounts of data quickly, making surfing the internet and streaming data much smoother. Several applications, such as streaming video, playing online games, and downloading files, require this type of capability in order to operate.

Key Takeaways

• Sales of IEEE 802.11ax – Wi-Fi 6 & Wi-Fi 6E chipsets are expected to grow by 4.4% CAGR by 2033.
• Wi-Fi chipset demand in China is expected to grow at 6.2% CAGR by 2033 due to advancements in technology.
• According to forecasts in the United States, the wireless chipset market is forecast to grow at a CAGR of 3.6% by 2033.
• Wi-fi chipset sales in South Korea are projected to grow at a CAGR of 5.2% by 2033.
• According to industry forecasts, MU-MIMO will grow at a CAGR of 4% in the next few years.

“With technological advancements and the growing demand for Internet of Things solutions, the demand for Wi-Fi chipsets is on the rise. Due to the evolution of Wi-Fi standards and integration of 5G, the demand for Wi-Fi chipsets is expected to increase in the coming years,” says an FMI analyst.

Competitive Landscape

Major global Wi-Fi chipset market players develop high-speed internet and services through research and development. As part of their promotional strategies, these companies are also increasing sales awareness about Wi-Fi chipsets.       

Market Developments Include:

• In June 2023, Norwegian semiconductor company Nordic Semiconductor is one of the few companies with a leading interest in Wi-Fi-based IoT market expansion. Wi-Fi 6 ‘companion ICs’ are designed for low-power IoT applications using 2.4 GHz-only Wi-Fi 6. Wi-Fi chips from Nordic Semiconductor are called companion ICs because they complement Nordic’s highly successful Bluetooth LE portfolio.
• In June 2023, Broadcom Inc. will unveil three new Wi-Fi 7 chips that will enable wireless connectivity on handsets and routers. The eponymous wireless networking technology is now available in Wi-Fi 7. This new service can offer twice the amount of bandwidth as before, 46 gigabits per second. As a result of the technology, connection latency is also expected to be significantly reduced.

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Future Market Insights offers an unbiased analysis of the global market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Wi-Fi chipset market, the market is segmented on the basis of Standard (IEEE 802.11ay, IEEE 802.11ad, IEEE 802.11ax – Wi-Fi 6 & Wi-Fi 6E, IEEE 802.11ac, IEEE 802.11n – SB and DB, IEEE 802.11b/G) Band (Single, Dual, Triband) MIMO Configuration (SU-MIMO, MU-MIMO(1×1 MU-MIMO, 2×2 MU-MIMO, 3×3 MU-MIMO, 4×4 MU-MIMO, 8×8 MU-MIMO) Application (Smartphones, Tablet, Desktop PC, Laptop, Connected Home Devices, Others), and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

Wi-Fi Chipset Market by Category

By Standard:

• IEEE 802.11ay
• IEEE 802.11ad
• IEEE 802.11ax – Wi-Fi 6 & Wi-Fi 6E
• IEEE 802.11ac
• IEEE 802.11n – SB and DB
• IEEE 802.11b/G

By Band:

• Single
• Dual
• Triband

By MIMO Configuration:

• SU-MIMO
• MU-MIMO
  • 1×1 MU-MIMO
  • 2×2 MU-MIMO
  • 3×3 MU-MIMO
  • 4×4 MU-MIMO
  • 8×8 MU-MIMO

By Application:

• Smartphones
• Tablet
• Desktop PC
• Laptop
• Connected Home Devices
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa