Wi-Fi Chipset Market by IEEE Standards (802.11ay, 802.11ax, 802.11ac Wave 2), Band (Dual Band, Tri-Band), MIMO Configuration (SU-MIMO, MU-MIMO), Product Category (Smartphones, Tablets, PCS), and Geography - Global Forecast to 2022
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The Wi-Fi chipset market was valued at USD 15.89 Billion in 2016 and is expected to reach USD 19.72 Billion by 2022, at a CAGR of 3.5% between 2017 and 2022. The growing number of public Wi-Fi hotspots, growth in connected devices ownership, rising demand for WiGig technology, and growth of Wi-Fi technology in enterprise and business are the major drivers for the Wi-Fi chipset market.
The research methodology used to estimate and forecast the Wi-Fi chipset market commences with capturing data on key vendor revenues through secondary research from the company’s annual reports, SEC filings, Factiva, and Bloomberg. The vendor offerings are also taken into consideration to determine the market segmentation.
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The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
This report provides valuable insights into the ecosystem of the Wi-Fi chipset market. The major players in the Wi-Fi chipset market include Qualcomm Technologies, Inc. (U.S.), MediaTek Inc. (Taiwan), Intel Corporation (U.S.), Texas Instruments Incorporated. (U.S.), STMicroelectronics N.V. (Switzerland), Cypress Semiconductor Corporation (U.S.), Marvell Technology Group Ltd. (Bermuda), Samsung Electronics Co., Ltd. (South Korea), Quantenna Communications Inc. (U.S.), and Peraso Technologies, Inc. (Canada).
Wi-Fi has become the most preferred technology in consumer electronics. Currently, every residential and commercial building has a number of Wi-Fi access points.
Every consumer has two or more Wi-Fi-enabled devices such as a laptop, smartphone, and smartwatch. As a result, the number of Wi-Fi connections that every access point needs to handle is getting higher every year.
More number of Wi-Fi connections would require more channels and higher spectral efficiency to connect such large number of devices with high throughput. This factor is expected to accelerate the demand for 802.11ax, 802.11ay, and 802.11ac Wave 2 Wi-Fi standards over a 60GHz band that supports multi-user multiple input multiple output (MU-MIMO) and gigabit data transfer rates.
Among the two distinct MIMO configuration technology used in Wi-Fi chipset, the MU-MIMO segment in consumer electronics products is expected to grow at highest rate between 2017 and 2022. The high growth of MU-MIMO segment in consumer electronics products is attributed to the disadvantage of single user multiple input multiple output (SU-MIMO) in which multiple streams of data can be sent or received by only one device at a time, even in a multi-device environment.
Asia Pacific (APAC) held the largest share of the Wi-Fi chipset market in 2016 owing to the extensive presence of major consumer electronics device orginal equipment manufacturers (OEMs) in this region. Moreover, the high penetration of Wi-Fi technology in various industries such as healthcare, retail, and manufacturing in APAC has contributed to the market dominance of this region.
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