Wi-Fi Chipset Market expected to be worth 19.72 Billion USD by 2022

(IT-NEWSWIRE.COM, May 17, 2017 ) According to the new market research report "Wi-Fi Chipset Market by IEEE Standards (802.11ay, 802.11ax, 802.11ac Wave 2), Band (Dual Band, Tri-Band), MIMO Configuration (SU-MIMO, MU-MIMO), Product Category (Smartphones, Tablets, PCS), and Geography - Global Forecast to 2022", is expected to grow from USD 15.89 Billion in 2016 to reach USD 19.72 Billion by 2022, at a CAGR of 3.5% between 2017 and 2022.

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“IEEE 802.11ax segment expected to grow at the highest rate between 2018 and 2022”

The Wi-Fi chipset market for 802.11ax is expected to witness a triple digit growth between 2018 and 2022. Unlike earlier versions of 802.11, 802.11ax is not a standard for upgrading speed. The ability of 802.11ax to increase throughput enormously makes it one of the most preferred IEEE standard in the Wi-Fi chipset market. 802.11ax promises consumers a superior user experience, in all possible scenarios. In 2016, Qualcomm Technologies, Inc. (U.S.) introduced a prototype of 802.11ax that demonstrates 4x downlink (DL) user throughput improvement for a given traffic scenario by supporting 4 user devices to upload data simultaneously. The standardization of 802.11ax is in progress in IEEE. Draft 1.0 was completed in 2016, and the final specification is expected to be published by the end of 2018.

“Smartphone segment is expected to dominate the Wi-Fi chipset market between 2017 and 2022”

Smartphones accounted for the largest share of the Wi-Fi chipset market in 2016, and is expected to maintain its leadership position in this market during the forecast period. The Internet and connectivity have become an inevitable aspect of smartphone usage. The usage of smartphones for personal as well as business applications has resulted in the demand for higher data rates. The high data usage and download of files on smartphones have generated the need for Wi-Fi to complement the cellular connectivity, which has led to the adoption of more advanced technologies such as IEEE 802.11ad standards to be integrated into smartphones. System on Chip (SoC) have been widely implemented in the mobile technology because of the increasing competition among market players to launch smartphones with more functionalities, increased performance, and reduced size.

“Key players in the Wi-Fi chipset market see Asia Pacific as a lucrative region between 2017 and 2022”

Asia Pacific (APAC) includes some of the fastest-growing economies in the world, such as China and India. The APAC region also includes some technologically advanced countries, such as Japan, Singapore, South Korea, and Australia. The rapid growth of the consumer electronics manufacturing industry in China, Japan, and South Korea, along with the growth of the wireless communication sector in developing countries of this region, is expected to offer significant growth opportunities to the Wi-Fi chipset market between 2017 and 2022.

The major players in the Wi-Fi chipset market include Qualcomm Technologies, Inc. (U.S.), Intel Corporation (U.S.), Texas Instruments, Inc (U.S.), Stmicroelectronics N.V. (Switzerland), Mediatek, Inc. (Taiwan), Samsung Electronics Co., Ltd. (South Korea), Marvell Technology Group Ltd. (Bermuda) and Cypress Semiconductor Corporation (U.S.).

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Wi-Fi Chipset Market expected to be worth 19.72 Billion USD by 2022