The market for Wi-Fi semiconductor chipsets is projected to grow to $20.1 billion in 2022. Between 2022 and 2032, it is projected to reach or surpass US$ 26.3 billion and grow at a CAGR of 5.2%. Shortly, it is anticipated that demand for Wi-Fi semiconductor chipsets will rise as Internet use becomes more pervasive and public Wi-Fi hotspots proliferate everywhere.
A recent market research report on the Wi-Fi Semiconductor Chipset market was released by Future Market Insights. The study offers a thorough analysis of the Wi-Fi Semiconductor Chipset market’s historical data, present situation, and potential future growth.
The significant trends and growth factors that are expected to have an impact on the market in the upcoming years are carefully examined in the analysis. During the forecast period, it is anticipated that the adoption of cloud computing and artificial intelligence will advance the technology sector. In the coming decade, the Wi-Fi Semiconductor Chipset market is predicted to grow at a faster rate due to increased competitive pressure and a brisk digital transformation in data analytics and artificial intelligence.
The market for Wi-Fi semiconductor chipsets is still being impacted by significant product advancements, changes in consumer behavior, and growing distribution networks, according to the FMI report. The Wi-Fi Semiconductor Chipset market study was created by FMI analysts using innovative research techniques, extensive data analysis, and collection from a range of primary and secondary sources.
Impact of COVID-19 on the Wi-Fi Semiconductor Chipset Market
The beginning of COVID-19 has had a big impact on the IT sector. Disruptions in the electronic supply-value chain and raw material suppliers have harmed the technology industry. However, the industry has benefited from the introduction of remote work. The quick integration of digital techniques and big data analytics in IT services and the technology sector is expected to have a positive impact.
One chapter of a recent report from FMI focuses exclusively on the COVID-19 effect analysis. This is intended to help Wi-Fi Semiconductor Chipset market participants come up with innovative solutions to issues that might otherwise negatively impact the market.
Wi-Fi Semiconductor Chipset Market: Competitive Analysis
- Key players in the global Wi-Fi semiconductor chipset market are Atmel Corporation, Broadcom Corporation, Altair Semiconductor, Celeno Communications, Freescale Semiconductor, Inc., Intel Corporation, MARVELL, MediaTek Inc., Qualcomm Technologies, Inc., Texas Instruments Incorporated and Amimon LTD. Key players are focusing on developing new technologies such as system-on-chip and embedded technology. Increasing investment is also one of the prominent trends witnessed by market. The global Wi-Fi semiconductor chipset market is also witnessing a trend of acquisition by key players.
With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects, and product expansion within the players. The report also offers key players marketing strategies, recent mergers, and acquisitions, and pricing strategies to gain a competitive edge in the industry.
Wi-Fi Semiconductor Chipset Market: Key Segmentation
- North America
- Latin America
- Western Europe
- Eastern Europe
- the Asia Pacific excluding Japan
- Middle East & Africa
Wi-Fi semiconductor chipset market: Segmentation
Based on applications and technology, the market for Wi-Fi semiconductor chipsets can be divided into three categories: applications for mobile devices, media & entertainment applications, and automation applications. Applications for mobile devices can be further divided into those for smartphones, PCs, tablets, laptops, and e-readers, among other devices. Applications for media and entertainment can be further divided into TV, camera, media player, set-top box, etc. Building automation, residential automation, and industrial automation are additional subcategories of automation applications.
The Wi-Fi semiconductor chipset market can be divided into four categories based on technology: mobile WiMAX chipset technology, wireless display, and video chipset technology, and Wi-Fi & WLAN chipset technology. All Wi-Fi semiconductor chipset applications, including those for mobile devices, media & entertainment, and automation, heavily rely on WLAN and ZigBee chipsets. On the other hand, mobile WiMAX chipset technology and wireless display & video chipset technology are still quite new.