Leading market research expert, ResearchAndMarkets.com, has released a new report on the global Wi-Fi chipset market for the period 2019-2024. According to the report, the Wi-Fi chipset market was worth USD 17.2 Billion till 2018 and is now expected to reach USD 21.4 Billion by 2024, exhibiting a CAGR of 3.7% during 2019-2024.
Wi-Fi technology uses wireless transmitters and chipsets to send information to mobile devices for wireless networking. These chipsets access Wi-Fi hotspots to enable the users to access networked services without the requirement of standard cables. Since the per-unit cost of a chip is usually low, these chips are mostly used in routers, computer laptops and cellular phones, and can also be used in computers or workstations in a local area network (LAN). With the growing applications of the Internet of Things (IoT), these chipsets are now also being incorporated in home appliances like air-conditioners, water heaters, washing machines and televisions.
Owing to the high penetration of smartphones and mobile devices across the globe, Wi-Fi technology has experienced a surge in its usage. Additionally, governments across the globe are developing smart cities with public Wi-Fi networks to support various service sectors such as education and healthcare.
These factors are augmenting the use of Wi-Fi in homes, offices as well as public places, thereby increasing the sales of Wi-Fi chipsets. Moreover, Voice Over Mobile Broadband (VOMBB) is being preferred by consumers over traditional telecom carriers owing to its high audio quality, reduced cost and power savings ability, which is also catalyzing the demand for Wi-Fi services worldwide.
Key Questions Answered in the Report:
- How has the global Wi-Fi chipset market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global Wi-Fi chipset industry?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the band?
- What is the breakup of the market based on the MIMO configuration?
- What are the various stages in the value chain of the global Wi-Fi chipset industry?
- What are the key driving factors and challenges in the global Wi-Fi chipset industry?
- What is the structure of the global Wi-Fi chipset industry and who are the key players?
- What is the degree of competition in the global Wi-Fi chipset industry?
- What are the profit margins in the global Wi-Fi chipset industry?
Click here to read the full report.
