The global GCC Wifi Chipset Market is estimated to be valued at US$ 20.5 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
GCC WiFi chipsets are integrated circuits used in wireless local area networking hardware technologies. These chipsets allow devices like smartphones, laptops, smart televisions, and other electronic gadgets to connect to the internet wirelessly using WiFi technology. With the increasing adoption of smart homes, IoT devices, and smart cities concepts, the demand for these chipsets is growing significantly.
Market key trends:
One of the key trends driving the growth of GCC Wifi Chipset Market is the rising penetration of 5G technology across the region. 5G technology enables data transmission at a much faster speed compared to the preceding 3G and 4G technologies. It supports ultrabroad bandwidth and low-latency communication. To leverage the full potential of 5G, electronic devices require advanced WiFi chipsets that are 5G compatible. This is propelling semiconductor companies to focus on developing GCC WiFi chipsets integrated with 5G technology. For example, Qualcomm introduced its Snapdragon X55 5G modem with integrated Wi-Fi 6 connectivity for improved performance. Such innovations are aiding the expansion of the 5G segment within the overall GCC WiFi chipset industry.
Segment Analysis
The global Gcc Wifi Chipset market is segmented based on chipset standards, end-use industry, and regions. Based on chipset standards, the market is divided into 11n, 11ac, and 11ax. Among these, the 11ac segment dominated the market in 2023 and is expected to continue its dominance over the forecast period due to its wider compatibility with 802.11 standards and better performance than 11n standards.
Key Takeaways
The Global Gcc Wifi Chipset Market Size is expected to witness high growth, exhibiting a CAGR of 4.8% over the forecast period, due to increasing adoption of WiFi across various consumer electronic devices.
Regional analysis
North America dominated the global Gcc Wifi Chipset market in 2023 and is expected to maintain its dominance over the forecast period owing to the strong presence of WiFi chipset manufacturers and wide adoption of WiFi-enabled connected devices across various sectors in the region.
Key players analysis
Key players operating in the Gcc Wifi Chipset market are Broadcom, Celeno Communications, Infineon Technologies, Espressif Systems Shanghai Co Ltd, GCT Semiconductor Inc., I&C Technology, Intel Corporation, MediaTek, Inc., Microchip Technology Inc. Broadcom and Intel Corporation captured over 40% of the global market share in 2023 owing to their diversified product portfolio and strong distribution network across the regions.
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Moreover, the types of hardware it might contain can include wireless Computers such as Notebook and Desktop PC, wireless local area network (WLAN) cards and external WLAN adapters.
Increasing more usage of the internet globally is driving the wifi chipset market.
What's Trending in Market:High Adoption of Smartphones GloballyThe Rise in the Adoption of IotChallenges:Concern Related To Changing Design Architecture and Form Factors of Wi-Fi ChipsetIncreasing Privacy and Security ConcernsRisk of Data BreachRestraints:High Power Consumption by Wireless Sensors, Terminals, and Connected DevicesLack of Uniform Communication StandardsMarket Growth Drivers:Increased Demand for Wireless Sensor NetworksRising Need for Staying Connected Across the WorldIncreased Demand for Low-Power Wide-Area (LPWA) Networks in IoT ApplicationsGlobal WIFI Chipset Market Development Scenario by Players Ø Financials Information, Business Overview and Product Specification Matrix Ø Patent Analysis Briefing* [if applicable] Ø No.
of Patents Issuance by Year / by Players / By Issuing Office Ø Key Development – Product/Service Launch, Mergers & Acquisition, Joint Ventures WIFI Chipset Market Competition Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity.
Yes, we can add or profile new company as per client need in the report, provided it is available in our coverage list as mentioned in answer to Question 1 and after feasibility run final confirmation will be provided by research team checking the constraints related to difficulty of survey.
2) Can we narrow the available business segments?
