Overview and Scope
Wireless communication chipsets are integrated circuits designed to facilitate wireless communication between devices by handling functions such as signal processing, modulation, and encoding. These are the semiconductor devices used to enable Wi-Fi, Bluetooth, cellular, and other wireless connectivity between devices without the need for physical cables or wired connections.
Sizing and Forecast
The wireless communication chipsets market size has grown strongly in recent years. It will grow from $21.04 billion in 2023 to $22.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to mobile phone revolution, adoption of Bluetooth in consumer electronics, rise of 3G and 4G networks, demand for GPS-enabled devices, increasing internet penetration.
The wireless communication chipsets market size is expected to see strong growth in the next few years. It will grow to $30.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growth in smart home technology, demand for low-power wireless solutions, rise of edge computing, emergence of wearable technology, deployment of satellite-based communication systems. Major trends in the forecast period include integration of AI (artificial intelligence) and machine learning capabilities, adoption of Wi-Fi 6 and 6E standards, emphasis on energy efficiency in chip design, convergence of multiple wireless protocols, growth of software-defined radio (SDR).
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The wireless communication chipsets market covered in this report is segmented –
1) By Type: Wi-Fi Wireless Chipsets, Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets, Wireless Video And Display Chipsets, ZigBee Chipsets, Long Term Evolution (LTE) Chipsets
2) By Band: Single And Dual Band, Tri Band
3) By Form Factor: System On Chip (SoC), Integrated Circuit (IC)-Based Products
4) By End Use Application: Consumer Devices, Cameras, Smart Home Devices, Gaming Devices, Augmented Reality (AR) And Virtual Reality (VR) Devices, Mobile Robots, Drones, Networking Devices, Mobile Point Of Sale (mPOS), Other End Use Applications
5) By Vertical: Consumer Electronics, Enterprise, Industrial, Retail, Banking Financial Services And Insurance (BFSI), Healthcare, Automotive, Other Verticals
Asia-Pacific was the largest region in the wireless communication chipsets market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless communication chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising number of connected devices is expected to propel the growth of the wireless communication chipset market going forward. Connected devices refer to physical objects embedded with sensors, software, and other technologies that enable them to exchange data and communicate with other devices or systems over a network. The rising number of connected devices worldwide can be attributed to the increasing consumer demand for connectivity, the proliferation of Internet-enabled devices, and the expansion of Internet infrastructure. Wireless communication chipsets facilitate the proliferation of connected devices worldwide by enabling seamless and efficient communication between devices, supporting various wireless standards, and contributing to the scalability and interoperability of the Internet of Things ecosystem. For instance, in August 2022, according to the report published by the Health Sector Cybersecurity Coordination Center (HC3), a US-based division of the United States Department of Health and Human Services’ Cybersecurity Program, approximately 7 billion devices were connected through the Internet of Things (IoT) in 2022, and it was estimated that devices using this technology would increase by 20 billion more by 2025. Therefore, the rising number of connected devices is driving the growth of the wireless communication chipsets market.
Key Industry Players
Major companies operating in the wireless communication chipsets market are Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Sony Semiconductor Solutions Group, ON Semiconductor Corporation (Onsemi), Microchip Technology Incorporated, Marvell Technology Group Ltd., Qorvo Inc., Veeco Instruments Inc., Aixtron AG, IQE PLC, Espressif Systems Pte. Ltd., Sequans Communications, Telit Communications PLC, GCT Semiconductor Inc., Filtronic Broadband, XMOS, EnSilica, Peraso Technologies Inc., Blu Wireless Technology Ltd, Pragmatic Semiconductor
The wireless communication chipsets market report table of contents includes:
1. Executive Summary
2. Wireless Communication Chipsets Characteristics
3. Wireless Communication Chipsets Trends And Strategies
4. Wireless Communication Chipsets – Macro Economic Scenario
5. Global Wireless Communication Chipsets Size and Growth
…..
32. Global Wireless Communication Chipsets Competitive Benchmarking
33. Global Wireless Communication Chipsets Competitive Dashboard
34. Key Mergers And Acquisitions In The Wireless Communication Chipsets
35. Wireless Communication Chipsets Future Outlook and Potential Analysis
36. Appendix
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