Wireless Communication Chipsets Market Size
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Wireless Communication Chipsets Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for wireless communication chipsets has seen robust growth. Projections indicate it will rise from $22.53 billion in 2024 to a whopping $24.29 billion in 2025, with a substantial compound annual growth rate (CAGR) of 7.8%. The spectacular rise during the historic period can be credited to the mobile phone revolution, extensive use of Bluetooth technology in consumer electronics, emergence of 3G and 4G networks, consumer calls for GPS-enabled devices, and the surge in internet access.
How Will the Wireless Communication Chipsets Market Size Evolve and Grow by 2029?
Expectations are high that the wireless communication chipsets market will witness significant expansion in the coming years, potentially reaching a value of $32.51 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. This anticipated growth during the forecast period is largely due to factors such as the increasing popularity of smart home technology, the need for low-power wireless solutions, the rise of edge computing, the advent of wearable technology, and the utilization of satellite-based communication systems. Key trends predicted for this period also include the integration of artificial intelligence (AI) and machine learning, the adoption of Wi-Fi 6 and 6E standards, a focus on energy efficiency in chipset design, the confluence of various wireless protocols, and the expansion of software-defined radio (SDR).
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What Drivers Are Propelling the Growth of Wireless Communication Chipsets Market Forward?
The surge in the number of interconnected gadgets is predicted to boost the expansion of the wireless communication chipset market in the future. Interconnected devices are physical entities equipped with sensors, software and other forms of technology, allowing them to share data and interact with various devices or systems via a network. This worldwide increase in interconnected devices is linked to a growing consumer demand for connectivity, the spread of internet-capable devices, and the expansion of internet infrastructure. Wireless communication chipsets promote the global spread of interconnected devices by ensuring smooth and effective communication between devices, advocating for a range of wireless standards, and facilitating the scalability and interoperability of the Internet of Things ecosystem. For example, in August 2022, the Health Sector Cybersecurity Coordination Center (HC3), a division of the United States Department of Health and Human Services’ Cybersecurity Program, reported that approximately 7 billion devices were linked via the Internet of Things (IoT) in 2022. Furthermore, it is projected that an additional 20 billion devices will be utilizing this technology by 2025. Consequently, the escalating number of interconnected devices is fueling the expansion of the wireless communication chipsets market.
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Which Emerging Trends Are Transforming the Wireless Communication Chipsets Market in 2025?
Leading businesses in the wireless communication chipsets market are turning their attention to the design of innovative solutions like Satellite IoT chipsets with an aim to strengthen their market positioning. These Satellite IoT chipsets, which are specialized semiconductor chips, facilitate communication between IoT devices and satellite networks. They offer worldwide coverage, optimized energy consumption, and customized protocols for remote and inaccessible regions. To illustrate, in June 2023, the America-based tech giant Qualcomm Technologies Inc. unveiled the Qualcomm 212S Modem and the Qualcomm 9205S Modem. These platforms enhance connectivity over both satellite and cellular networks, provide remote monitoring and improve asset tracking capabilities. They symbolize technological progression by incorporating satellite connectivity and promise reliable and scalable communication. These solutions are crucial as they broaden connectivity choices, stimulate market growth, and upgrade wireless communication chipsets for applications that demand satellite connectivity in tough conditions.
What Are the Key Segments in the Wireless Communication Chipsets Market?
The wireless communication chipsets market covered in this report is segmented –
1) By Type: Wi-Fi Wireless Chipsets, Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets, Wireless Video And Display Chipsets, ZigBee Chipsets, Long Term Evolution (LTE) Chipsets
2) By Band: Single And Dual Band, Tri Band
3) By Form Factor: System On Chip (SoC), Integrated Circuit (IC)-Based Products
4) By End Use Application: Consumer Devices, Cameras, Smart Home Devices, Gaming Devices, Augmented Reality (AR) And Virtual Reality (VR) Devices, Mobile Robots, Drones, Networking Devices, Mobile Point Of Sale (mPOS), Other End Use Applications
5) By Vertical: Consumer Electronics, Enterprise, Industrial, Retail, Banking Financial Services And Insurance (BFSI), Healthcare, Automotive, Other Verticals
Subsegments:
1) By Wi-Fi Wireless Chipsets: Single-Band Wi-Fi Chipsets, Dual-Band Wi-Fi Chipsets, Tri-band Wi-Fi Chipsets
2) By Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets: Fixed WiMAX Chipsets, Mobile WiMAX Chipsets
3) By Wireless Video And Display Chipsets: WiDi (Wireless Display) Chipsets, Miracast Chipsets, Other Wireless Video Chipsets
4) By ZigBee Chipsets: ZigBee 2.4 GHz Chipsets, ZigBee Pro Chipsets, ZigBee 900 MHz Chipsets
5) By Long Term Evolution (LTE) Chipsets: LTE-Advanced Chipsets, LTE Chipsets (Standard), 5G (NR) LTE Chipsets
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Who Are the Key Players Shaping the Wireless Communication Chipsets Market’s Competitive Landscape?
Major companies operating in the wireless communication chipsets market are Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Sony Semiconductor Solutions Group, ON Semiconductor Corporation (Onsemi), Microchip Technology Incorporated, Marvell Technology Group Ltd., Qorvo Inc., Veeco Instruments Inc., Aixtron AG, IQE PLC, Espressif Systems Pte. Ltd., Sequans Communications, Telit Communications PLC, GCT Semiconductor Inc., Filtronic Broadband, XMOS, EnSilica, Peraso Technologies Inc., Blu Wireless Technology Ltd., Pragmatic Semiconductor
What Geographic Markets Are Powering Growth in the Wireless Communication Chipsets Market?
Asia-Pacific was the largest region in the wireless communication chipsets market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless communication chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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