Wi-Fi Chipset Market

Wi-Fi has substituted wired internet connectivity in nearly every industry vertical. Customers are mainly driven towards wireless connectivity owing to the easier accessibility and fast services. Almost every user has multiple wi-fi-enabled gadgets such as a laptop, smartphone, and others resulting in the increasing burden to network access points to handle these gadgets. A wi-fi semiconductor chipset is an integral part of the inner hardware that is designed in such a manner to enable the device to transmit data with another wireless technology-enabled device. These advanced wi-fi chipsets are installed in various wireless devices such as smartphones, personal computers, laptops, and others. In addition, wi-fi chipsets have a significant implementation in various automated devices used in industrial & home automation. The access points have several different 1X1 configuration, which is the most inexpensive program and commonly used in devices that are used every day such as smartphones, tablets, and modems.

COVID-19 Scenario Analysis: 

• The spread of COVID-19 has adversely affected the global economies. The imposed lockdown by the governments has restricted the companies from properly operating their business functions and disrupted the global supply chain. The pandemic also led to the adoption of the latest technologies to facilitate industries to adopt work from home. The rise in adoption of connected devices has increased the demand for devices connected with wi-fi chipsets and hence the market has shown significant growth during the pandemic situation. 
• The growth in technology and increased affordability are responsible to increase the demand for wi-fi chipsets during the pandemic period. Government initiatives to digitalize the countries and installment of wi-fi in places such as parking lots, parks, libraries, and others for safety and security and free public wi-fi access services are promoting the growth of the market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increase in adoption of advanced technologies that assist in moving data instantly and consume low power, rising demand for virtual reality, and rising demand for connected devices are the factors driving the growth of the wi-fi chipset market. In addition, the development of new frequency bands to improve services is fueling the growth of the market. However, increased production cost, lack of infrastructure, and technical complications disrupting service and connectivity are the factors hampering the growth of the market. Furthermore, the rise in demand for smartphones integrated with wi-fi on chip technology is expected to provide lucrative opportunities to the growth of the wi-fi chipset market in the forecasted period.

The Market Trends for Wi-Fi Chipset Market:

Increased Adoption of Internet Of Things and Connected Devices to Drive Market Growth:

The increased adoption of the internet of things and connected devices around the world is likely to drive market growth during the forecasted period. The tremendous growth of connected devices requires higher data transmission speed & bandwidth, and wider coverage, which is likely to overcrowd the usage of the mobile network. To handle the overcrowding scenario and to drive a positive impact on data networking, the implementation of wi-fi hotspot solutions by communication service suppliers and network operators is likely to rise significantly in the next few years. 

Asia-Pacific to witness high growth during the forecasted period:

Asia Pacific region is expected to witness high growth in the market during the forecasted years. The growing demand for smartphones and tablets with integrated Wi-Fi technology in countries like India and China is the major factor encouraging growth in this market. Accessibility of public Wi-Fi hotspot connectivity in the countries is propelling the demand for Wi-Fi chipsets. In addition, the growing use of wi-fi technology in retail, healthcare, education, and others in Asia-Pacific region has contributed significantly to the growth of the market.   

Key Benefits of the Report:

• This study presents an analytical depiction of the Wi-Fi chipset market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
• The current market is quantitatively analyzed to highlight the Wi-Fi chipset market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Wi-Fi chipset market. 
• The report provides a detailed market analysis based on the present and future competitive intensity of the market. 

Questions Answered in the Wi-Fi Chipset Market Research Report:

• Who are the leading market players active in the Wi-Fi chipset market?
• What would be the detailed impact of COVID-19 on the Wi-Fi chipset market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the Wi-Fi chipset market?
• What are the projections for the future that would help in taking further strategic steps?

 Wi-Fi Chipset Market Report Highlights