Wi-Fi Chipset Market Trends 2021-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research
Europe Wi-Fi chipset market size to cross $3.5 billion valuation by 2026 | Application segment to boost growth in North American market | Asia Pacific industry to register 3.5% CAGR through the projected duration
Pune, India – August 5, 2021 /MarketersMedia/ —
Graphical Research, provides a comprehensive analysis of the Wi-Fi chipset market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of industry. This report also provides industry landscape and market share information in the industry.
Some of the trends that will encourage the growth of Wi-Fi chipset market across the world are mentioned below:
Italy will record growth in Wi-Fi chipset sales:
Italy will play a vital role in fostering Wi-Fi chipset market in Europe and is expected to register a CAGR of 3.5% through 2026. The reason for this is being attributed to an incredible rise in several government initiatives in building a strong public network infrastructure. For example, the country’s government announced in April 2020 that it will launch free public Wi-Fi in Emilia Romagna, Italy. This network will support more than 5,000 Wi-Fi hotspots.
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Laptops sales will increase in Europe:
Rise in gaming culture in Europe will foster demand for laptops in the region. The sale of laptops has skyrocketed in recent years. According to a Gaming Industry report published in 2019 by the Interactive Software Federation of Europe (ISFE), sale of gaming and general-purpose laptops recorded a whopping 18% sales revenue in 2018 alone. Wi-Fi chipsets offer several benefits to gaming laptop users like high speed, greater connectivity, greater mobility of devices and ease of handling.
Adoption of smart factories in North America:
North America is increasingly developing smart factories. These factories are equipped with Wi-Fi chipsets, wireless sensors, industrial robots, industrial PCs and gateway devices. Increasing use of strong IoT infrastructure as well is resulting in the robust growth in demand for North America Wi-Fi chipsets market.
For example, Schneider Electric launched its first-ever smart factory in June 2019 in the U.S. It uses Wi-Fi technology and industrial IoT to increase the productivity of a manufacturing plant.
Access sample pages of the report, “North America Wi-Fi Chipset Market Forecasts 2026” in detail along with the table of contents (ToC) @
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Use of connected home devices in North America:
While analyzing demand for Wi-Fi chipsets in North America on the basis of application, the market is divided into various segments like laptops, smartphones, tablets, desktop PCs and connected home devices. Out of these, connected home devices will show promising growth in the coming years in the region and is reported to showcase a CAGR of more than 6%. In fact, this segment held a market share of over 30% in the year 2019.
One of the major reasons attributed to this is the rise in the demand for smart residential homes in the region. Smart homes use advanced technologies to make daily tasks easier and to complete them at a faster pace. They incorporate devices like service robots, security systems with sensors, smart TVs, smart speakers and many more. Around 69% of households in the U.S. have at least one connected home device in their homes, according to a January 2020 report by the Consumer Technology Association.
Some of the reputed companies involved in international Wi-Fi chipset market are Qualcomm Technologies Inc., Celeno Communications, Cypress Semiconductor Corporation, Texas Instruments, Broadcom Inc., Intel Corporation, among others.
Scope of IEEE 802.11n standard in Asia Pacific:
Out of the different network standards in Asia Pacific, IEEE 802.11n standard is projected to show strong growth prospects in the coming years. In fact, the segment showed strong revenue figures as it earned $960 million in 2019. The reason for this is its ability to extend the range of wireless transmission and providing reliability and enhanced network speed. The chipsets having this network standard possess high data transmission speed as well; it can transfer data at a rate of 600 Mbps.
The demand for this network is mostly seen in large scale enterprises wherein internet speed is of utmost importance and outdoor locations where strong internet connectivity is required.
APAC witnesses demand for dual band configuration
While analyzing demand for Wi-Fi chipsets on the basis of frequency, the market is divided into single band, dual band and tri band configurations. Out of these, the dual band configuration sector is expected to experience steady increase in demand as it will grow at a CAGR of 3.5% up to 2026. It uses both the 2.4 GHz and 5 GHz frequency bands and offers a wide range of benefits to its end-users. It provides enhanced network speed and is quite frequently used in automotive industry.
China’s potential in demand for Wi-Fi chipsets:
When it comes to analyzing country-wise demand for Wi-Fi chipset market in Asia Pacific, it is being reported that China will be a leader in this market, thanks to increased demand for high-speed network and rising use of the Internet. According to market experts, the regional industry will register a growth rate of 4% in the forthcoming years.
The Chinese government has established a strong public network infrastructure to cater to the rising number of internet users in the country. According to national statistics focusing on the use of strong network among the population, it was found that 800 million Chinese people used strong internet network services to work in remote regions.
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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