[FURL=https://www.industryarc.com/Research/Wi-fi-Chipset-Market-Research-505347?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Wi-fi Chipset Market[/FURL] The global Wi-Fi Chipset Market is estimated to surpass $22.4 billion mark by 2026 growing at an estimated CAGR of more than 6.4% during the forecast period 2021 to 2026. Wi-Fi technology uses wireless transmitters and chipset to send information to mobile. Chipsets access Wi-Fi hotspots to enable the user’s access network services without the requirement of standard cables. The market growth is mainly driven by the factors including the high usage of Smart phones, laptops, and computers and also increasing in use of wireless sensors and electronic control units in many automotive devices. The developments in the connected autonomous vehicles and self-driving cars over a wireless network are anticipated to improve the market revenue. The factors like cross device data sharing & high capacity access points are set to boosts the market growth of wireless communication chipsets during the forecast period 2021-2026.Key Takeaways
Rising demand and trends towards smart homes and government initiatives towards the development of smart city projects all around the world has increased the growth of wi-fi chipset market.
Smart phones, laptops, and computers has been adopted and used by many developing countries and the cost of these has gradually decreased with the buying power of the individuals has increased.
North America has the high potential to improve the market with the Smart homes implementation and other advanced IoT technologies
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Wi-Fi Chipsets Market Segment Analysis – By Geography
North America, Europe, Asia are the major key regions in contributing the revenue. The adoption of IoT in public & industrial sector and increased penetration of smart phones in the developed economies contributes the strong growth of Wi-Fi Chipset Market in APAC market at 8.1% CAGR through 2026. APAC has the large number of users in countries like India & China with high population. The European Union will work on the projects to accentuate the semiconductor industry with the help of Wi-Fi chipsets market.
Wi-Fi Chipsets Market Drivers
Increased adoption of Smart Phones
Smart cities Implementation
Wi-Fi Chipsets Market Landscape
The key players of Wi-Fi chipset market includes Qualcomm technologies, Broadcom Inc, Texas instruments Inc, Samsung Electronics, Marvel technology groups ltd and others
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