Wireless Communication Chipsets Market Share

APAC Market Statistics

The wireless communication chipsets market in the Asia Pacific industry is set to account for largest revenue share of 35% by 2037. The regional growth can majorly be attributed to the fact that the region is increasingly focused on improving technological processes and high manufacturing output. In the year 2020, China's manufacturing output was about USD 3.85 trillion, an increase of 0.8% from the year 2019. Moreover, increasing penetration of the internet among the regional population is expected to boost the market growth in the region in the future. Moreover, the regional market is also expected to gain a prominent share during the forecast period owing to the high adoption rate of modern technology based smart devices and the strong presence of key market players in the region. Open Wireless Network means any network or segment of a network (designed, tested, and approved for transmission by the state) that has not been designated as a protected network by the Department of Information Technology or a representative of the State of New Hampshire and is open considered a network. Sending unencrypted PI, PFI, PHI, or sensitive DHHS data is not secure enough. Wireless means a Wireless Handheld Validator used with a corresponding Wireless Local Area Network (WLAN) as part of an Approved Gaming System.

North American Market Forecast

The wireless communication chipsets market in the North America region market, amongst the market in all the other regions, is projected to hold the second largest share of about 24% during the forecast period. The growth of the market in this region can primarily be attributed to the increasing use of wireless communication chipsets solutions and services, including the highest adoption rate of 5G, and cooperation of market players to efficiently deploy wireless communication chipsets at scale, which is estimated, to drive the market growth. It is estimated that by the year 2025, more than 60% of all North American cellular connections will be the 5G networks. vEPC is an important part of advanced wireless communication. Virtual Evolved Packet Core (vEPC) is a cellular network voice and data processing and switching framework implemented by Network Functions Virtualization (NFV) that virtualizes the functions of the Evolved Packet Core (EPC). EPC refers to the core network architecture that aggregates access networks including LTE, 3G or 2G. Virtual EPC (vEPC) is a complete LTE packet core solution based on Network Function Virtualization (NFV) technology. The Evolved Packet Core helps combine voice and data in an Internet Protocol Services Architecture. It helps the service operator to operate and deploy its 2G, 3G, LTE, WiFi or packet networks for fixed access such as cable and DSL.

Europe Market Forecast

Further, the wireless communication chipsets market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the commercialization of emerging 5G technologies in the region. According to the European 5G Observatory, as of September 2020, a total of 18 countries in the European Union (EU-27) have commercialized its 5G services and are promoting adoption of 5G handsets in the European Union. Consumer electronics such as 5G-based smartphones, wearable devices, and tablets are equipped with Wi-Fi chipsets. These chipsets will improve energy efficiency and data transfer speeds for 5G end devices and reduce network congestion. Increasing government initiatives to develop public Wi-Fi infrastructure are having a significant impact on the country. In April 2020, the Italian government announced the rollout of free public Wi-Fi infrastructure in Emilia Romagna, Italy. The Wi-Fi network provides Gigabit connectivity to over 5,000 of Wi-Fi hotspots in the area. Similar government initiatives to promote digitization and public Wi-Fi infrastructure is expected to boost the regional market.