Wireless Communication Chipset Market is estimated to be US$ 33.0 billion by 2032; Rising Demand for Wireless Connectivity to Propel Market Growth

Published Date: April 2024

Wireless Communication Chipset is a type of integrated circuit that provides wireless connectivity to electronic devices such as smartphones, tablets, laptops, and other wireless-enabled devices. It is a hardware component that enables wireless communication between devices and networks, and is essential for connecting devices to the internet, sending and receiving data, and enabling various wireless applications.

Wireless communication chipsets have a wide range of applications across various industries and sectors and their importance is increasing as the demand for wireless connectivity continues to grow. Rapid growth of Wireless Communication Chipset has been driven by a combination of increasing demand for wireless connectivity, growing adoption of smart devices and increasing demand for IoT applications that has further facilitated the demand for Wireless Communication Chipset Market growth within the forecast period.

The report “Wireless Communication Chipset Market, By Product (Wi-Fi Wireless Chipsets, Mobile WiMAX Chipsets, Wireless Video/Display Chipsets, ZigBee Chipsets, and LTE Chipsets), By Application (Civil Use and Military Use), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

  • In March 2023, Samsung Electronics Co. launched a new chipset from its Exynos line that offers wireless communication over a significantly smaller range than rival competitors. The Exynos Connect U100 which is the world's largest memory chip and smartphone manufacturer's first ultra-wideband (UWB) chipset and also gives extremely accurate location information and distance measurement down to single-digit centimeters.
  • In December 2022, MediaTek launched dimensity 8200 chipset for premium 5G smartphones. This chipset includes a Mali-G610 graphics engine in addition to an octa-core CPU with four arm Cortex-A78 cores running at up to 3.1 GHz. Additionally, the chipset features MediaTek HyperEngine 6.0 and MediaTek Intelligent Display sync 2.0, which the manufacturer claims would enhance the gaming experience.
  • In December 2022, Qualcomm launched new Wi-Fi 7-capable chipsets with over 20 Gbps capacity. It has peak rates of up to 5.8 Gbps for a single connected device and the new Wi-Fi 7 technology is developed to provide maximum connectivity to the newest high-performance devices.

Analyst View:

Wireless Communication Chipset market has been experiencing rapid growth over the years as the deployment and expansion of 5G networks will continue to drive the growth of wireless communication chipsets. Increasing adoption of smart devices will also continue to drive the growth of Wireless Communication Chipset Market as these devices require wireless connectivity to function. Growth in wireless communication chipsets will be fueled by increasing edge computing use, which enables data processing and analysis at the network's edge. Wireless communication chipsets are necessary for wireless communication between edge devices and the network.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Wireless Communication Chipset Market, By Product (Wi-Fi Wireless Chipsets, Mobile WiMAX Chipsets, Wireless Video/Display Chipsets, ZigBee Chipsets, and LTE Chipsets), By Application (Civil Use and Military Use), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Wireless Communication Chipset Market accounted for US$ 21.3 billion in 2022 and is estimated to be US$ 33.0 billion by 2032 and is anticipated to register a CAGR of 4.5%. Wireless Communication Chipset Market is segmented based on Product, Application and Region.

  • Based on Product, Wireless Communication Chipset Market is segmented into Wi-Fi Wireless Chipsets, Mobile WiMAX Chipsets, Wireless Video/Display Chipsets, ZigBee Chipsets, and LTE Chipsets.
  • Based on Application, Wireless Communication Chipset Market is segmented into Civil Use and Military Use.
  • By Region, the Wireless Communication Chipset Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Wireless Communication Chipset Market:

The prominent players operating in the Wireless Communication Chipset Market includes, Altair Semiconductor Ltd., Atmel Corp., Gainspan Corp., Amimon, Inc., Greenpeak Technologies BV, Broadcom, Inc., NXP Semiconductors N.V., GCT Semiconductor, Inc., Intel Corp. and others.

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