Wireless Connectivity Chipset Market Size, Share, Opportunities, And Trends By Type (Wifi, Bluetooth, NFC (Near-Field Chipset), Cellular, Others), By Application (Automotives, Mobile Handsets, Wearable Technology, Medical Devices, Others), And By Geography - Forecasts From 2023 To 2028

To enable computers or systems to connect over wireless methods, such as Wi-Fi, Bluetooth, or a mix of the two, a wireless chipset is intended to be a component of the internal hardware of wireless communication systems.

The consumer sector's expanding use of smart home automation and the automobile industry's rising connection are the main drivers of market expansion. Wi-Fi, Bluetooth, a mix of the two, or WLAN connections can be made possible via wireless chipsets, which are developed for wireless communication devices and systems. The use of connected devices and smart home apps is expanding, particularly in places like Europe, North America, and Asia Pacific, as a result of the expansion of high-speed internet access. Voice assistants, smart appliances, smart lighting, smart thermostats, and security cameras are a few notable options. A network's surface area rises with the addition of more devices, like in the IoT, potentially increasing the number of attack vectors. An active assault on a network might be launched from even a single connected, unprotected device.

The rapid use of the Internet of Things (IoT) in the residential, commercial, and industrial sectors has fueled a need for advanced automation and increased demand for wireless chipsets. The benefits of integrating automation across applications include increased production, more flexibility and dependability, improved security, speedier processing, more convenient living, and cost-effectiveness. Yet, it is anticipated that growing Internet of Things connections across a variety of industries would propel the wireless chipset market's expansion in the next years. For instance, there is now roughly 16 million Internet of Things connections in smart buildings across Europe, according to the European Telecommunications Network Operators' Association (ETNO), and additional connections are anticipated to be added.

The growing use of the internet in families and businesses.

In the modern world, internet usage increased. These elements are raising the demand for Wi-Fi chipsets and creating possibilities for Wi-Fi manufacturers in both households and businesses. Users may now enjoy quicker speeds and lower latency thanks to advancements in Wi-Fi network technology. It led to a sharp rise in the use of data-intensive services and apps. Consumer desire for video and corporate and consumer movements to cloud services have been the main factors driving the huge increase in the amount of data being carried by Wi-Fi networks. The requirement for a wireless 5G connection that enables quick and high-capacity networks is anticipated to be driven by this issue.

Large data plans, video-rich applications, and a customer base with smartphones will all contribute to increased traffic. While traffic per smartphone may experience a rapid increase shortly, the deployment of immersive consumer 5G connections employing AR and VR is anticipated to provide even faster growth.

More people adopting automation will result in more need for wireless chipsets.

The rapid use of the Internet of Things (IoT) in the residential, commercial, and industrial sectors has created a desire for sophisticated automation, which in turn has increased demand for wireless chipsets. Automation integration across applications offers improved productivity, more adaptability and dependability, high security, a rise in output, faster processing, more convenient living, and cost-effectiveness. Nonetheless, more Internet of Things connections in a variety of industries are anticipated to propel the wireless chipset market's expansion in the ensuing years.

Asia Pacific is projected to be the prominent market shareholder in the global wireless connectivity chipset market and is anticipated to continue throughout the forecast period.

The market demand for tablets is anticipated to be boosted by the shift in consumer preference for larger, more practical screen sizes, which will also boost demand for wireless connection chipsets. As part of their educational curriculum, several Indian multinational educational technology businesses, like Byju's, provide their pupil's tablets so they may learn using both conventional teaching techniques and digital ones.

Such market-wide activities by businesses are anticipated to increase consumer demand for tablets, smartphones, and other consumer electronics, which will fuel the growth of the wireless connection chipsets market for tablets in the area throughout the projected period. The adoption of wireless connection chipsets is anticipated to be aided by the rising demand for internet services in the Asia-Pacific area. According to the Indian prime minister, the introduction of 5G internet services in India is anticipated to benefit society and provide new economic prospects.

Market Key Developments

• In September 2022, At Cristiano Amon's inaugural lecture, Qualcomm Technologies Inc. and Bose emphasized their ongoing cooperation and long-standing friendship. Premium earbuds, headphones, speakers, and soundbars from Bose are incorporating Qualcomm's wireless speech and music platforms.
• In April 2022, The full end-to-end chipset solutions for the Wi-Fi 7 ecosystem, including Wi-Fi routers, residential gateways, enterprise access points, and client devices, have been made available in sample form, according to Broadcom Corp.
• In March 2022, MediaTek introduced two new WI-Fi 7 Chipsets. The Filogic 880 and Filogic 380 may be used with access points, routers, gateways, smartphones, and laptops.

Segmentation:

• By Type
• Wifi
• Bluetooth
• NFC (Near-Field Chipset)
• Cellular
• Others
• By Application
• Automotives
• Mobile handsets
• Wearable technology
• Medical devices
• Others
• By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Taiwan
• Others