The wireless chipset market size is projected to reach US$ 21.39 billion by 2031 from US$ 11.43 billion in 2023. The market is expected to register a CAGR of 8.1% during 2023–2031. The rising adoption of cutting-edge technologies such as 5G and IoT are likely to remain key trends in the market.
The wireless chipset market is growing at a rapid pace due to the growing adoption of consumer electronics devices and the rising need for faster data transfer. The market is expanding steadily, driven by the increasing demand for Internet of Things (IoT) devices. Moreover, the rising adoption of wireless communication solutions and the evolution of augmented reality (AR) and virtual reality (VR) are providing lucrative opportunities for market growth.
A wireless chipset is a part of internal hardware that allows a device to connect to a wireless network. It is a set of hardware and software components that allow wireless communication between devices. A wireless chipset consists of three primary components: the radio, the baseband processor, and the firmware. The radio transmits and receives radio waves that transport data between devices. The baseband processor processes the signals broadcast and received by the radio, while the firmware manages the chipset's functionality. This chip is used in PCs and other wireless devices, typically in a laptop or wireless network card. Similarly, wireless routers and external WLAN adapters also have one chip, and they are frequently integrated into the computer itself.
Wireless chipsets are essential components of smartphones and tablets, allowing them to connect to Wi-Fi, cellular networks, and Bluetooth devices. They enable users to utilize the internet, make phone conversations, send text messages, and transfer data wirelessly, making them extremely versatile and convenient. Similarly, wireless chipsets are also used in laptop and desktop computers to provide Wi-Fi and Bluetooth connectivity. They enable users to connect to wireless networks and peripherals such as wireless keyboards, mouse, and headphones, improving computing comfort and convenience. The advantages of wireless chipsets in these devices are increasing their adoption among consumer electronics manufacturers. They enable faster and more reliable data transfer, eliminate the need for physical connections, and offer increased convenience and flexibility.
The rising adoption of wireless communication solutions among industries is creating opportunities in the market. In the rapidly changing world of wireless communication, market players are encouraged to develop new innovative products or upgrade their existing portfolio to fulfill dynamic customers' needs. For instance, in August 2023, Lumenci developed a Wi-Fi 6E chipset that provides seamless connectivity with improved network efficiency to users working in highly dense environments. It is the most recent improvement in wireless technology, specifically an expansion of the Wi-Fi 6 (802.11ax) standard. Wi-Fi 6E chipset primarily operates in the 6 GHz frequency band, providing a larger spectrum with considerable performance gains over earlier Wi-Fi generations. Wi-Fi 6E chipset provides significant benefits to users, including faster speeds, more capacity, lower latency, and less interference, making it ideal for high-bandwidth applications across multiple connected devices.
Key segments that contributed to the derivation of the wireless chipset market analysis are connectivity and application.
The geographic scope of the wireless chipset market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific region plays a substantial role in the wireless chipset market. Factors such as the expanding demand for high-speed internet access, the deployment of 5G networks, and the increasing adoption of lot technology contribute to the region's growth and present numerous opportunities in the wireless chipset market. The Asia Pacific region is home to many internet users, with China being a significant contributor. In 2021, the area witnessed the highest number of internet users globally, indicating a strong demand for high-speed internet access. This demand fuels the need for advanced wireless chipsets to deliver faster data transfer rates and improved network performance. The country's extensive use of wireless technologies, particularly in the banking industry, has expanded the wireless chipset market. The growing dominance of smart devices and the growing demand for wireless connectivity across industries further drive the growth of the wireless chipset market.
The regional trends and factors influencing the Wireless Chipset Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Wireless Chipset Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 12.36 Billion |
| Market Size by 2031 | US$ 21.39 Billion |
| Global CAGR (2025 - 2031) | 8.1% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Connectivity
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Wireless Chipset Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Wireless Chipset Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The wireless chipset market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the wireless chipset market are listed below:
The “Wireless Chipset Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The List of Companies
1. Atmel Corporation
2. Broadcom Inc.
3. Intel Corporation
4. MediaTek Inc.
5. NXP Semiconductors N.V.
6. Qorvo, Inc.
7. Qualcomm Technologies Inc.
8. Silicon Laboratories, Inc.
9. Sony Corporation
10. Texas Instruments Inc.
The growing demand for Wi-Fi among SMEs and the rising demand for high-speed internet access and 5G networks are the major factors that propel the global wireless chipset market.
The global wireless chipset market is estimated to register a CAGR of 8.1% during the forecast period 2023–2031.
The rising adoption of cutting-edge technologies such as 5G and IoT to play a significant role in the global wireless chipset market in the coming years.
Some of the customization options available based on the request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The key players holding majority shares in the global wireless chipset market are Atmel Corporation, Broadcom Inc., Intel Corporation, MediaTek Inc., NXP Semiconductors N.V., Qorvo, Inc., Qualcomm Technologies Inc., Silicon Laboratories, Inc., Sony Corporation, and Texas Instruments Inc.
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