The wireless communication chipsets global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wireless Communication Chipsets Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The wireless communication chipsets market size has grown strongly in recent years. It will grow from $21.04 billion in 2023 to $22.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to mobile phone revolution, adoption of Bluetooth in consumer electronics, rise of 3G and 4G networks, demand for GPS-enabled devices, increasing internet penetration.
The wireless communication chipsets market size is expected to see strong growth in the next few years. It will grow to $30.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growth in smart home technology, demand for low-power wireless solutions, rise of edge computing, emergence of wearable technology, deployment of satellite-based communication systems. Major trends in the forecast period include integration of AI (artificial intelligence) and machine learning capabilities, adoption of Wi-Fi 6 and 6E standards, emphasis on energy efficiency in chip design, convergence of multiple wireless protocols, growth of software-defined radio (SDR).
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Scope Of Wireless Communication Chipsets Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Wireless Communication Chipsets Market Overview
Market Drivers –
The rising number of connected devices is expected to propel the growth of the wireless communication chipset market going forward. Connected devices refer to physical objects embedded with sensors, software, and other technologies that enable them to exchange data and communicate with other devices or systems over a network. The rising number of connected devices worldwide can be attributed to the increasing consumer demand for connectivity, the proliferation of Internet-enabled devices, and the expansion of Internet infrastructure. Wireless communication chipsets facilitate the proliferation of connected devices worldwide by enabling seamless and efficient communication between devices, supporting various wireless standards, and contributing to the scalability and interoperability of the Internet of Things ecosystem. For instance, in August 2022, according to the report published by the Health Sector Cybersecurity Coordination Center (HC3), a US-based division of the United States Department of Health and Human Services’ Cybersecurity Program, approximately 7 billion devices were connected through the Internet of Things (IoT) in 2022, and it was estimated that devices using this technology would increase by 20 billion more by 2025. Therefore, the rising number of connected devices is driving the growth of the wireless communication chipsets market.
Market Trends –
Major companies operating in the zero-touch provisioning market are focused on developing innovative solutions, such as True Zero-Touch Automation, to increase their profitability in this market. True Zero-Touch Automation seamlessly integrates with cloud services, automating device deployment and configuration without manual intervention. For instance, in July 2021, Lantronix Inc., a US-based provider of secure data access and management solutions, launched True Zero-Touch Automation for Remote Device Provisioning with the ConsoleFlow Cloud-Based SaaS Platform, a software platform that provides True Zero-Touch automation by provisioning remotely. This automation streamlines onboarding for Lantronix IoT and Out of Band (OOB) devices, reducing on-site visits and costs. It allows centralized asset management, automated monitoring, and mobile access via iOS or Android. True zero-touch automation includes device import, firmware updates, and secure cloud updates, boosting efficiency and cutting errors.
The wireless communication chipsets market covered in this report is segmented –
1) By Type: Wi-Fi Wireless Chipsets, Mobile Worldwide Interoperability For Microwave Access (WiMAX) Chipsets, Wireless Video And Display Chipsets, ZigBee Chipsets, Long Term Evolution (LTE) Chipsets
2) By Band: Single And Dual Band, Tri Band
3) By Form Factor: System On Chip (SoC), Integrated Circuit (IC)-Based Products
4) By End Use Application: Consumer Devices, Cameras, Smart Home Devices, Gaming Devices, Augmented Reality (AR) And Virtual Reality (VR) Devices, Mobile Robots, Drones, Networking Devices, Mobile Point Of Sale (mPOS), Other End Use Applications
5) By Vertical: Consumer Electronics, Enterprise, Industrial, Retail, Banking Financial Services And Insurance (BFSI), Healthcare, Automotive, Other Verticals
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Regional Insights –
Asia-Pacific was the largest region in the wireless communication chipsets market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless communication chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the wireless communication chipsets market are Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Sony Semiconductor Solutions Group, ON Semiconductor Corporation (Onsemi), Microchip Technology Incorporated, Marvell Technology Group Ltd., Qorvo Inc., Veeco Instruments Inc., Aixtron AG, IQE PLC, Espressif Systems Pte. Ltd., Sequans Communications, Telit Communications PLC, GCT Semiconductor Inc., Filtronic Broadband, XMOS, EnSilica, Peraso Technologies Inc., Blu Wireless Technology Ltd, Pragmatic Semiconductor
Table of Contents
1. Executive Summary
2. Wireless Communication Chipsets Market Report Structure
3. Wireless Communication Chipsets Market Trends And Strategies
4. Wireless Communication Chipsets Market – Macro Economic Scenario
5. Wireless Communication Chipsets Market Size And Growth
…..
27. Wireless Communication Chipsets Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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