Wi-Fi Chipset Industry | Forecast 2030
Grand View Research’s Wireless Fidelity (Wi-Fi) chipset industry data book is a collection of market sizing information & forecasts (2019-2030), key players competitive benchmarking analysis, government regulatory data, macro-environmental analysis, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Access the Global Wi-Fi Chipset Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Wi-Fi 6 Market Growth and Trends
The global Wireless Fidelity 6 market generated over USD 9.90 billion revenue in 2021 and is projected to expand at a CAGR of around 4.6% during the forecast period to reach USD 24.10 billion by 2030. The growth of this market can be attributed to the increasing demand for high-performance network connectivity that can allow multiple users to access the network simultaneously at a consistent bandwidth capacity.
The Wireless Fidelity 6 market is expected to register a significant growth rate over the forecast period owing to the growing need for high bandwidth to mitigate network congestion due to heavy network load. Moreover, the growth is further influenced by the rapidly growing demand for modern devices such as smartphones, laptops, tablets, and routers with the supporting capability of new wireless frequency bands such as 2.4GHz, 5GHz, and 6GHz. Additionally, offering Basic Service Set (BSS) colouring features in WiFi 6 technology allows users to improve network reliability in a dense ecosystem by enabling frames from the neighbour’s network. These frames help to minimize interference from other networks and boost the network speed. As a result, these chips are expected to witness increased demand across residential, commercial, and industrial applications.
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Wi-Fi 6E Market Growth and Trends
In terms of value, the Wi-Fi 6E segment is expected to grow at a CAGR of 27.0% over the forecast period. This is an extension of Wireless Fidelity 6 with a 6GHz band. Wi-Fi 6E enabled devices are expected to be the most compatible with older Wi-Fi devices. The Federal Communications Commission (FCC) has opened the 6GHz band for the U.S., which is likely to boost the adoption of Wi-Fi 6E chips. Moreover, these chipsets offer greater benefits compared to the Wi-Fi 6 technology. For instance, Qualcomm Wi-Fi 6E offers high-speed 160 MHz channels with higher stability and a more consistent experience than Wi-Fi 6 chipsets.
Wi-Fi 6E chipsets have emerged as an improved chipset solution for IIoT devices. These chipsets provide advantages such as low latency, high technological determinism, low power consumption, scalability, and improved environmental robustness. Moreover, Wi-Fi 6E has introduced a 6GHz band for operations in greenfield that fulfills the stringent low latency requirements for industrial IoT devices. Features such as Orthogonal Frequency-Division Multiple Access (OFDMA) enable Wi-Fi 6 to better serve these devices. As a result, the demand for these chipsets is growing rapidly for use in industrial IoT devices.
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Wi-Fi 7 Market Growth and Trends
Wireless Fidelity 7 is a successor of WiFi. This is based on IEEE 802.11be standard. This is an upgrade in terms of Extremely High-Throughput (EHT) which will boost its video streaming speed and quality. With increasing demands for remote working, gaming, and video streaming, the consumer requires higher speed, stability, and connectivity. This can be used for connectivity purposes in smartphones, smart television, internet connectivity, wearable smart devices such as smartwatches, portable speakers, portable earphones, headphones, printers, intelligent refrigerators, intelligent washing machines, air conditioners, television remote, remote-operated systems, data transfer, smart charging of devices, connected automobile technology, and in the aviation industry. Apart from this, it can also be used to provide internet to various devices at a time. Qualcomm, Broadcomm, Intel Corporation, and MediaTek are key players in this sector.
WiFi 7 chipset provides more flexibility as well as capabilities to organizations helping them in their digital transformation journey. In the forecasted period it is expected that Wi-Fi 7 and 5G will work together and will introduce the use of advanced technologies such as distributed & cloud architectures, digitalization, edge computing, virtualization in the private wireless networks.
Competitive Landscape
The Wireless Fidelity chipset market is emerging with the presence of a prominent company in the market. Key industry participants include Intel Corporation, Qualcomm Technologies, Inc., Broadcom Inc, Celeno, Mediatek Inc., Nxp Semiconductors N.V. Cypress Semiconductor Corporation, On Semiconductor Connectivity Solutions, Inc., STmicroelectronics N.V. And Texas Instruments Incorporated.
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