The global wireless communication chipsets market is estimated to occupy a sizeable amount of revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the rising demand for smart devices, such as laptops, smartphones and tablets, across the globe.
Apart from these, growing technological advancements in the microelectronic and software sector to improve the functionality and scalability of real-time embedded systems, and rapidly expanding IT sector are also expected to bolster the market growth in the forthcoming years.
The market is segmented by IEEE standard and end user. Based on IEEE standard, the 802.11ax segment is anticipated to gather the largest share during the forecast period on the back of high spectral efficiency and speed of this standard as compared to other standards. Additionally, by end user, the consumer segment is projected to grab the largest share over the forecast period attributing to the rising penetration of consumer devices, mainly smartphones, around the world.
Geographically, the global wireless communication chipsets market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the early adoption of advanced technology, and strong presence of prominent market players in the region. Moreover, the market in Asia Pacific is assessed to grow by a noteworthy rate in the future owing to the escalating penetration of internet, and surging developments in the IT sector of the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Demand for Portable Smart Devices Across the Globe to Drive Market Growth
More than 6 billion people worldwide used smartphones in 2020, which increased up to 6.4 billion in the year 2021. This number is estimated to reach about 7.3 billion users by 2025.
Since the last two decades, the demand for smartphones globally has witnessed a notable surge. The enormous growth of the usage of these devices will also require higher data throughput and bandwidth, along with broader coverage. This in turn is predicted to give rise to the increase in sales of wireless communication chipsets in the near future.
However, expensive manufacturing of complex embedded systems is expected to operate as key restraint to the growth of the global wireless communication chipsets market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global wireless communication chipsets market which includes company profiling of Intel Corporation, Freescale Semiconductor Inc., GCT Semiconductor Inc., GainSpan Corporation, Broadcom Corporation, Atmel Corporation, Greenpeak Technologies Ltd., Altair Semiconductor, Inc., Ammimon Ltd., Texas Instruments, Inc., and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global wireless communication chipsets market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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