The use of Wi-Fi chipset
has grown largely across the globe, as it helps in connecting two or
more devices through wireless communication in a limited area. These
chipsets are used in WLAN cards, adapters, computers, mobile phones, and
laptops to transfer data at a high speed. Nowadays various devices such
as digital printers, digital cameras, video-game consoles, and other
smart devices are available with inbuilt Wi-Fi technology, which means
that increasing demand for these devices will simultaneously boost the
demand for Wi-Fi chipset. The demand for Wi-Fi chipset is increasing due
to rising adoption of advanced technologies that help in transferring
data instantly and consume low power. Moreover, the rising demand for
virtual reality, WiGig in multimedia streaming, and enterprise
applications, which require wireless docking and high speed is creating
high demand for Wi-Fi chipsets.
The global Wi-Fi chipset market is
classified on the basis of application and IEEE standards. Personal
computers, smartphones, access point equipment, tablets, smart-home
devices, and others are the key segments under the application category.
High demand for smartphones integrated with Wi-Fi System on Chip (SoC)
technology is projected to be the key driver of the smartphone segment
during the forecast tenure.
The report gives an in-depth analysis of
the global Wi-Fi chipset market, covering drivers and restraints.
Furthermore it presents insights into trends and opportunities affecting
growth of the market. The report also elucidates geographical analysis
with in-depth analysis of segments derived through factual knowledge.
Global Wi-Fi Chipset Market: Trends and Opportunities
One of the major factors responsible for
the growth of the Wi-Fi chipset market is rising number of smart cities
in developing economies. Mostly, countries in Asia Pacific are working
on building smart cities on a large scale. Technological advancements in
Wi-Fi technology and increasing usage of Wi-Fi in homes, offices, and
in public places have grown the demand for Wi-Fi technology immensely.
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In addition, growing number of people
under the middle-income group in developing economies is driving the
need for smart cities. For instance, smart-city plans in India and China
where there are hundreds of projects costing in billions are expected
to accelerate the demand for Wi-Fi technology. Various global
conglomerate such as RailTel, Larsen & Toubro (L&T), Google, and
IBM and are working on Wi-Fi network management for the smart city
projects.
Global Wi-Fi Chipset Market: Geographic Analysis
The global Wi-Fi chipset market is
expected to witness high growth in Asia Pacific. Asia Pacific is
expected to hold the highest share in terms of revenue in the global
Wi-Fi chipset market during the forecast period. The rising demand for
smartphones and tablets with integrated Wi-Fi technology in China and
India is one of the key factors favoring growth in this market.
Availability of public Wi-Fi hotspot connectivity in these countries is
also growing demand for Wi-Fi chipsets. Moreover, increasing use of
Wi-Fi technology in retail, healthcare, and manufacturing in Asia
Pacific has contributed to the market dominance of this region.
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