Wireless Communication Chipsets Market Size

Wireless Communication Chipsets Market size was valued at USD 131.78 Billion in 2023 and is set to cross USD 1.37 Trillion by 2036, registering more than 19.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of wireless communication chipsets is estimated at USD 153.56 Billion. The market growth is majorly attributed to increasing demand for wearable smart devices such as smartphones, laptops, and tablets. In the year 2020, it had over 6 billion smartphone users worldwide, and in the year 2021, it was noted to already have 6.4 billion. This number is expected to reach approximately 7.3 billion by 2025. It is closely associated with technological advancements in the microelectronics and software sector, and increasing capabilities and scalability of real-time embedded systems are also expected to drive market growth in the coming years. Moreover, the rapid expansion of the IT sector in both developed and developing countries and the launch of new brands working on wireless technology are expected to bring ample growth opportunities to the market in the near future. A wireless chipset is an internal hardware design used in a wireless communication system or computer to communicate with other wireless devices.

Wireless communication chipsets are used in a wide range of applications, including smartphones, tablets, laptops, routers, IoT devices, wearables, and other wireless devices. They are also used in infrastructure equipment such as base stations, access points, and gateways. Hardware components such as external WLAN (wireless local area network) cards and WLAN adapters use WLAN chipsets. Current wireless phones include 3 and 4G networks, Bluetooth and Wi-Fi technologies.

The performance and features of wireless communication chipsets can vary depending on the application and the protocol they support. For example, some chipsets may support higher data rates, longer range, lower power consumption, or multiple antennas for better performance in a specific use case. In summary, wireless communication chipsets are critical components that enable wireless communication in a variety of devices and applications. They integrate a wide range of functions to ensure reliable and efficient communication over the airwaves.

In addition, growing digitalization across the world is estimated to boost the growth of the global wireless communication chipsets market notably over the forecast period. Digitalization refers to the process of converting analog information into digital format so that it can be processed and stored using computers and other digital devices. It involves the use of technology to transform physical objects or data into a digital form that can be easily accessed, shared, and analyzed. In business, digitalization has enabled organizations to streamline their operations, improve efficiency, and increase productivity. It has also created new opportunities for innovation and growth, such as the development of new products and services, and the creation of new business models.