Pleasanton, CA , Dec. 15, 2021 (GLOBE NEWSWIRE) — The Global Wi-Fi Chipset Market is expected to grow from USD 18.5 Bn in 2020 to USD 25.2 Bn by 2027, at a CAGR of 4.5%.
The increasing demand for smartphones throughout the globe, Wi-Fi technology has experienced a surge in its usage. Moreover, governments throughout the globe are developing smart cities with public Wi-Fi networks to assist numerous service sectors including education and healthcare. These factors are augmenting the usage of Wi-Fi in homes, workplaces as well as public places, thereby raising the sales of Wi-Fi chipsets. Moreover, Voice-Over Mobile Broadband (VOMBB) is being favored by customers over traditional telecom providers because of its high audio quality, decreased cost, and power savings ability, which is also fuelling the demand for Wi-Fi services across the globe.
The rapid technological change is one of the major restraining factors that limit the growth of the market during the forecast period. Technical advancements in the information and communications sector are the only constant applicable. Rapid changes observed in the Wi-Fi technology, and thereby the continuous demand for certifications and licensing, is a capital-consuming factor, which would possibly affect the overall sales of the manufacturer. Such a factor is expected to impede the growth of the global Wi-Fi chipset market.
Download a PDF Sample Copy for More Insights @ https://www.alltheresearch.com/sample-request/822
Qualcomm Technologies, Inc. (US) is ranked first in the Wi-Fi chipset market, particularly after the exit of Broadcom Corporation (US) from the Wi-Fi chipset industry in 2020. Qualcomm Technologies, Inc. offers several chips that are manufactured in keeping with the latest IEEE standard. All such chipset merchandise is utilized by many client device producers which include D-Link Corporation (Taiwan), Sony Corporation (Japan), Fujitsu Ltd. (Japan), and Toshiba Corporation (Japan). The company released numerous new merchandises. For instance, in January 2020, the company launched the brand new QCA6595AU, automotive Wi-Fi 5, and bluetooth combination chip in its Wi-Fi product portfolio. This chip is designed to reach 1 Gbps and is complementary to the Qualcomm Automotive Wi-Fi 6 dual-MAC chip, the QCA6696 that can reach almost 1.8 Gbps of throughput.
The key players operating in the Wi-Fi chipset market are:
Broadcom, Qualcomm Technologies, Inc., Intel Corporation, MediaTek Inc., Hewlett Packard Enterprise Development LP, Texas Instruments Incorporated, NXP Semiconductors, STMicroelectronics, Skyworks Solutions, Inc., Semiconductor Components Industries, LLC, Dell Inc., Cisco Systems Inc., CommScope Holding Co., Cypress Semiconductor Corporation, Extreme Networks and Among Others
Global Wi-Fi Chipset Market by Region Outlook (Revenue, USD Million, 2021-2027):
<…….