The Wi-Fi chipset market is projected to garner sizable revenue growth on the back of rising deployment of Wi-Fi 6 devices in In-Vehicle Infotainment (IVI) systems. These chipsets are integrated in automotive lighting, instrument clusters, and speakers along with other modules.
Growing use of Electronic Control Units (ECUs) and wireless sensors in automobiles could enhance the business prospects of Wi-Fi chipset manufacturers over the forthcoming years. Moreover, rising popularity of self-driving cars and autonomous vehicles could further push the demand for Wi-Fi cards.
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Large-scale transition towards 5G connectivity, especially across developing countries, could accelerate the use of wi-fi chipsets in smartphones. As per a GSMA report, back in March 2020, China had constructed 160,000 5G base stations in over 50 cities to extend its 5G network capacity. Such initiatives could encourage mobile companies to ramp up the production of 5G compatible smartphones in the future.
Considering this shift in the technological landscape, chip-makers around the world have started investing considerable efforts in developing new 5G compatible chipsets. Citing an instance, in November 2020, MediaTek, a Taiwanese chip-maker, developed its latest processor called the Dimensity 700. Apparently, the chipset intends to bring 5G support to affordable mobile phones.
Companies operating in the Wi-Fi chipset market are concentrating on numerous strategic business ideas like public/private funding, acquisitions, and collaborations to enhance their market presence and consumer base. Taking November 2020 for instance, EdgeQ revealed that it has raised $51 million from a fundraiser, which it will use to boost its go-to-market efforts by expanding its mass production capabilities of chipset products.
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On the regional front, Europe is anticipated to offer lucrative growth opportunities to the Wi-Fi chipset market on account of the expanding semiconductor industry. Numerous nations in the region are taking proactive steps to accelerate regional semiconductor industries. Citing an instance to highlight the same, in December 2018, the EU (European Union) announced a joint project with France, the UK, and Germany to conduct research and development initiatives in the field of microelectronics and semiconductor.
The agency has sanctioned around USD 2.06 billion in funding for research activities and an extra USD 7.05 billion in funds to attract the global electronics manufacturers in the region. Aided by government initiatives like the aforementioned, the Europe Wi-Fi Chipset market is anticipated to record a 2% CAGR through the forecast time period.
Notably, Intel Corporation, MediaTek, Inc., Broadcom, Inc., NXP Semiconductors N.V., Texas Instruments Incorporated, and Qualcomm Technologies Inc. are major organizations currently at the forefront of the Wi-Fi chipset market.
Major Key Points from Table of Content:
Chapter 7 Wi-Fi Chipset Market, By MIMO Configuration
7.1 Key trends, by MIMO configuration
7.3 Market estimates and forecast, 2016 - 2026
7.5 Market estimates and forecast, 2016 - 2026
7.5.1 1x1 MU-MIMO
18.104.22.168 Market estimates and forecast, 2016 - 2026
7.5.2 2x2 MU-MIMO
22.214.171.124 Market estimates and forecast, 2016 - 2026
7.5.3 3x3 MU-MIMO
126.96.36.199 Market estimates and forecast, 2016 - 2026
7.5.4 4x4 MU-MIMO
188.8.131.52 Market estimates and forecast, 2016 - 2026
7.5.5 8x8 MU-MIMO
184.108.40.206 Market estimates and forecast, 2016 - 2026
Chapter 8 Wi-Fi Chipset Market, By Application
8.1 Key trends, by application
8.2.1 Market estimates and forecast, 2016 - 2026
8.3.1 Market estimates and forecast, 2016 - 2026
8.4 Desktop PC
8.4.1 Market estimates and forecast, 2016 - 2026
8.5.1 Market estimates and forecast, 2016 - 2026
8.6 Connected home devices
8.6.1 Market estimates and forecast, 2016 - 2026
8.7.1 Market estimates and forecast, 2016 - 2026
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