Latest News- Wireless Chipset Market: IT and telecom is expected to lead the End-user segment during 2025-2029

The Wireless Chipset Market is being driven by Rise in demand for smartphones

The Wireless Chipset Market is expected to grow at a CAGR of 3.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14876.3 million. The global wireless chipset market is poised for substantial expansion, fueled by the widespread adoption of 5G technology. This advanced wireless technology offers superior speeds, reduced latency, and expanded network capacity compared to previous generations. The resulting demand for compatible chipsets to power an array of devices, including smartphones, laptops, and IoT devices, is driving market growth. Furthermore, the burgeoning Internet of Things (IoT) ecosystem relies heavily on 5G technology for seamless connectivity among devices. Wireless chipsets play a pivotal role in facilitating efficient communication and data transfer within the IoT ecosystem, enabling applications such as smart homes, industrial automation, connected cars, and smart cities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • IT and telecom
  • Consumer electronics
  • Automotive and transportation
  • Aerospace and defense
  • Others
• Application
  • Computers and laptops
  • Smartphones and wearable
  • Routers
  • In-vehicle infotainment systems
  • Others
• Type
  • Wi-Fi chipsets
  • Wireless display/video chipsets
  • WiMax chipsets
  • LTE chipsets
  • ZigBee chipsets
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in demand for smartphones
• Increasing adoption of smart city initiatives and connected devices
• Growing demand for connectivity in rural and remote areas

However, the market also witnesses some limitations, which are as follows:

• Complications of patterns and functional defects in manufacturing process
• Lack of standardization and interoperability among various IoT technologies and platforms
• Integration of artificial intelligence (AI) in wireless chipset

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Market Scope in Wireless Chipset Market Research Report

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Research Analysis Overview

The Wireless Chipset Market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) technology in various sectors. In the residential sector, wireless chipsets enable convenient living through smart home applications like voice assistants, smart thermostats, and lighting. In the industrial and commercial sectors, high-security chipsets ensure increased output and faster processing in smart buildings, smart appliances, and real-time surveillance systems. Public Wi-Fi hotspots and data transfer applications benefit from advanced Wi-Fi technologies in the 5 GHz band. High-speed internet connectivity is essential for smart devices in all sectors, making the Wi-Fi chipset market a key player in the IoT ecosystem.

Market Research Overview

The Wi-Fi Chipset Market, a segment of the global Technology Hardware, Storage, and Peripherals Market, is experiencing significant growth due to increasing demand in the Internet of Things (IoT) across various sectors. In the residential sector, smart homes require high-performance network connectivity for multiple users and constant bandwidth capacity. In the industrial sector, real-time surveillance and low latency communication are crucial for efficient operations in smart buildings and criminal activity prevention. The Wi-Fi 7 ecosystem, offering increased range and dependable communication, is driving the industrial Wi-Fi market forward. Technavio forecasts that the global Technology Hardware, Storage, and Peripherals Market will grow due to the increasing volume, velocity, veracity, and variety (4Vs) of data, necessitating advanced data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/