Global Wi-Fi chipsets Market Size (Volume and Value) And Growth to 2026 Shared in Most recent Research

The burgeoning adoption of Wi-Fi chipsets in in-vehicle systems (IVS) is a key factor expected to accelerate the Wi-Fi chipset market growth over the forecast period. In recent years, automakers worldwide are rolling out next-generation vehicles equipped with IVI systems to provide automobile passengers with both entertainment and information. 

For instance, passengers can connect the automobile displays with a smartphone to enable communications, music entertainment, and listening to the news, traffic reports, and many others. The advent of such systems has increased the demand for integrated wireless communication systems in vehicles, which in turn will accelerate the demand for Wi-Fi chipsets over the forecast period.

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A study conducted at Global Market Insights Inc. predicts that the global  Wi-Fi chipset market is expected to accelerate is anticipated to exceed USD 20 billion by 2026.

However, the ongoing COVID-19 pandemic has decreased the demand for new consumer electronics products such as desktop PCs, laptops, and tablets, thereby hindering Wi-Fi chipset market business outlook.

The Wi-Fi chipset market is expected to garner significant revenues from the smartphone application segment over the forecast period. The smartphone segment has undergone a major revolution in terms of performance, portability, and connectivity with the increasing deployment of 5G technology. In fact, as per the GSMA report, in March 2020, China has developed 160,000 5G base stations across 50 cities to strengthen 5G infrastructure in the nation. This has encouraged smartphone manufacturers to develop 5G compatible models, which in turn will accelerate the demand for Wi-FI chipset over the forecast timeframe.

 

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.

 

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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.

 

While speaking about the competitive landscape, it is imperative to mention that the Wi-Fi chipset market has a strong presence of leading technology giants. These companies are undertaking numerous inorganic and organic growth strategies such as acquisitions, collaborations, product innovations to tap major market share. For instance, in May 2020, Intel Corporation announced the acquisition of Rivet Networks, one of the leading players in the Wi-Fi chipset industry. This acquisition has helped Intel to strategically expand its Wi-Fi chipset offerings for the PC & desktop application sector and considerably strengthen its current position in this business space.

 

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 industry.

Browse key industry insights spread across 280 pages with 468 market data tables and 27 figures & charts from the report, Wi-Fi Chipset Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/wi-fi-chipset-market

Report Content

Chapter 3   Wi-Fi Chipset Industry Insights

3.1    Industry segmentation

3.2    Impact analysis of corona virus (COVID-19) pandemic on Wi-Fi chipset market

3.2.1    Global outlook

3.2.2    Impact by region

3.2.2.1    North America

3.2.2.2    Europe

3.2.2.3    Asia Pacific

3.2.2.4    Latin America

3.2.2.5    MEA

3.2.3    Industry value chain

3.2.3.1    Research and development

3.2.3.2    Manufacturing

3.2.3.3    Marketing

3.2.3.4    Supply

3.2.4    Competitive landscape

3.2.4.1    Strategy

3.2.4.2    Distribution network

3.2.4.3    Business growth

3.3    Industry ecosystem analysis

3.3.1    Raw material supplier

3.3.2    Manufacturers

3.3.3    Distribution channel

3.3.4    End-user

3.3.5    Vendor matrix

3.4    Technology & innovation landscape

3.4.1    Evolution and milestone

3.4.2    Major recent developments

3.4.2.1    Wi-Fi 6 & Wi-Fi 6E chipsets

3.4.2.2    Wi-Fi chips with 802.11ay standard

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    MEA

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Increasing public wi-fi hotspots in developing nations

3.6.1.2    Rising trend towards smart home devices

3.6.1.3    Technological development for Wi-Fi 6 and Wi-Fi 5

3.6.1.4    Rising initiatives towards 5G technology in developing nations

3.6.1.5    Growing demand for wi-fi in business and enterprises

3.6.1.6    Emphasis towards connected vehicle technology

3.6.2    Industry pitfalls and challenges

3.6.2.1    Regulation and security associated with Wi-Fi technology

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Industry rivalry

3.8.2    Threat of new entrants

3.8.3    Buyer power

3.8.4    Supplier power

3.8.5    Threat of substitutes

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Corporate Sales, USA
Global Market Insights, Inc.
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