Wi-Fi Chipset Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Wi-Fi Chipset Market: Overview
A Wi-Fi chipset refers to a part of a wireless-enabled device’s internal hardware that allows the device to communicate with other wireless-enabled machines. Such chipsets are found personal computers, smartphones, as well as a number of wireless devices such as external wireless local area network adapters, wireless local area network cards, routers, and any device that transmits or receives a wireless signal.
Global Wi-Fi Chipset Market: Drivers and Restraints
The global market for Wi-Fi chipset has witnessed a robust rise in demand as the technology has become one of the most preferred wireless data transfer methods in personal computers and smartphones. The mounting consumer base of smartphone users, especially across developing economies such as India and China, has added to the need for Wi-Fi chipsets to provide mobile phones cellular connectivity on the go. This trend is expected to remain one of the key driving forces of the global Wi-Fi chipset market in the next few years.
The market has also witnessed significant traction over the past few years owing to the increased focus on the implementation of the concept of smart cities across most developed and developing economies across the globe. The encouraging role of government bodies in this regards, through interventions in the form of favorable regulations and funds directed at the implementation of connected technologies in public infrastructures is also a key factor driving the market.
Global Wi-Fi Chipset Market: Market Potential
The Wi-Fi technology is increasingly becoming a key driver of the robustly expanding market for Internet of Things. As such, companies operating in the field of Wi-Fi chipset are focusing more on the development of products with low-power profiles, are rich in features, are highly flexible, are supported by a number of development platforms, and provide advanced security. The increasing demand for seamless connectivity is compelling companies to implement features such as power-saving modes, low-power management techniques, and faster wakeup times that could help provide their consumers lasting Wi-Fi connectivity.
In the next few years as well, the Internet of Things phenomenon will have a significant impact on the overall development of the global Wi-Fi chipset market. Companies willing to grab a larger share in the global Wi-Fi chipset market will need to align their growth strategies based on how the market for Internet of Things develops.
Global Wi-Fi Chipset Market: Regional Overview
From a regional standpoint, the market for Wi-Fi chipset has been examined in the report for regional markets such as North America, Europe, Asia Pacific, and Middle East and Africa. Of these, the markets across North America, Europe, and Asia Pacific are presently the key contributors of revenue to the global Wi-Fi chipset market. The high pace of adoption of Internet of Things across the industrial and public sectors and the high number of smartphone users in developed economies across North America and Europe are attributable to the strong growth prospects of the Wi-Fi chipset market in these regions.
Asia Pacific is also one of the key contributors of revenue to the global Wi-Fi chipset market owing to the presence of a large number of consumer electronics manufacturers and the rapid rise in the number of smartphone users in countries such as India and China. The market in Asia Pacific is also driven due to the increased focus on the implementation of smart city concept across high growth economies such as Couth Korea, Singapore, Japan, India, and China.
Global Wi-Fi Chipset Market: Competitive Dynamics
The vendor landscape of the global Wi-Fi chipset market has become highly fragmented due to the entry of several large and small companies in the past few years. The high level of competition in the market has compelled companies to focus on innovation, performance, and quality of their products. Some of the leading companies operating in the market are Qualcomm, Intel, Texas Instruments, Qualcomm, Stmicroelectronics N.V., Samsung Electronics Co., Ltd., Marvell Technology Group Ltd., and Cypress Semiconductor Corporation.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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