Wireless Chipset Market Analysis, Size, Share, Growth, Trends, and Forecast by 2031

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.

Wireless Chipset Market Analysis

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.

Wireless Chipset Market Overview

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.

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Wireless Chipset Market: Strategic Insights

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Wireless Chipset Market Drivers and Opportunities

Growing Adoption of Consumer Electronics Devices to Favor Market

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.

Rising Adoption of Wireless Communication Solutions

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.

Wireless Chipset Market Report Segmentation Analysis

Key segments that contributed to the derivation of the wireless chipset market analysis are connectivity and application.

• Based on connectivity, the wireless chipset market is divided into Wi-Fi chipsets, Bluetooth, ZigBee chipsets, Z-wave chipsets, and others. The Wi-Fi chipsets segment held a larger market share in 2023.
• In terms of application, the market is segmented into consumer electronics, industrial automation, and others. The consumer electronics segment is anticipated to expand during the forecast period.

Wireless Chipset Market Share Analysis by Geography

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.

Wireless Chipset Market Regional Insights

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.

Wireless Chipset Market Report Scope

Wireless Chipset Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Atmel Corporation
2. Broadcom Inc.
3. Intel Corporation
4. MediaTek Inc.
5. NXP Semiconductors N.V.
6. Qorvo, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Wireless Chipset Market News and Recent Developments

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:

• In November 2023, MediaTek, a pioneer in adopting Wi-Fi 7 technology, further solidified its position as a leader in the industry by introducing its latest offerings, the Filogic 860 and Filogic 360 solutions. These second-generation additions enhance Media Tek's already extensive portfolio of Wi-Fi 7 solutions, making it the most comprehensive in the industry. With these new solutions, MediaTek aims to expand its platform of state-of-the-art products that leverage the latest advancements in connectivity technology. (Source: MediaTek, Company Website, November 2023)
• In September 2023, Intel Corporation and Broadcom Inc. recently collaborated to present an unprecedented demonstration of cross-vendor compatibility in the Wi-Fi 7 domain. The showcase featured an Intel CoreTM processor-based laptop equipped with a cutting-edge Wi-Fi 7 solution seamlessly connected to a Broadcom Wi-Fi 7 access point. This groundbreaking trial achieved over-the-air speeds exceeding 5 gigabits per second, surpassing previous industry benchmarks. The successful collaboration between these two industry leaders highlights their commitment to advancing wireless technology and demonstrates the potential for future Wi-Fi 7 implementations across various devices and networks. (Source: Intel Corporation, Company Website, September 2023)
• In June 2023, Broadcom Inc. has recently announced the availability of sample products from its second generation of wireless connectivity chipset solutions designed for the Wi-Fi 7 ecosystem. These solutions cater to various applications, including Wi-Fi routers, residential gateways, enterprise access points, and client devices. Introducing these new chips further enhances Broadcom's existing product ecosystem, including their first-generation Wi-Fi 7 chips. The second-generation chips not only provide additional functionality but also expand the market reach of Broadcom's offerings. This announcement signifies Broadcom's commitment to advancing wireless connectivity technologies and meeting the evolving needs of various industries and consumers. (Source: Broadcom Inc, Company Website, June 2023)

Wireless Chipset Market Report Coverage and Deliverables

The “Wireless Chipset Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Wireless chipset market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Wireless chipset market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Wireless chipset market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the wireless chipset market
• Detailed company profiles