The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Wireless Communication Chipsets Global Market Report 2024 offers crucial insights into the wireless communication chipsets market help businesses analyse and build stronger strategies.

Recent Market Growth

• Current Size and Growth: The wireless communication chipsets market has experienced significant growth, expanding from $21.04 billion in 2023 to $22.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.
• Historic Drivers: This growth is largely driven by the mobile phone revolution, widespread adoption of Bluetooth in consumer electronics, the rise of 3G and 4G networks, increased demand for GPS-enabled devices, and growing internet penetration.

Future Market Projections

• Forecasted Expansion: The market is expected to continue its strong growth, reaching $30.15 billion by 2028 with a CAGR of 7.6%.
• Future Drivers: Key factors for this future growth include advancements in smart home technology, demand for low-power wireless solutions, the rise of edge computing, the emergence of wearable technology, and the deployment of satellite-based communication systems.

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Impact of Connected Devices on Market Growth

• Proliferation of IoT Devices: The increasing number of connected devices, such as those enabled by the Internet of Things (IoT), is a major driver for the wireless communication chipsets market. These devices require efficient and seamless communication, which is facilitated by advanced chipsets.
• Market Expansion: According to the Health Sector Cybersecurity Coordination Center (HC3), around 7 billion IoT devices were connected in 2022, with projections estimating an increase to 27 billion by 2025. This surge is significantly boosting the demand for wireless communication chipsets.

Key Market Players

• Leading Companies: Prominent players in the market include Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Texas Instruments Inc., and others.
• Innovation and Competition: These companies are continuously innovating and enhancing their chipset technologies to stay competitive and meet the evolving demands of the market.

Technological Advancements

• Satellite IoT Chipsets: Companies are focusing on developing advanced solutions like satellite IoT chipsets. These chipsets enable global coverage and low-power operation, essential for remote and inaccessible areas.
• Qualcomm’s Innovations: In June 2023, Qualcomm Technologies Inc. launched the Qualcomm 212S and 9205S Modems, which offer optimized connectivity across satellite and cellular networks, enhancing remote monitoring and asset tracking capabilities.

Strategic Acquisitions

• Renesas Electronics and Celeno Communications: In December 2021, Renesas Electronics acquired Celeno Communications for $315 million. This acquisition bolstered Renesas’ connectivity portfolio with leading Wi-Fi technologies, enhancing their solutions for IoT, industrial, and automotive applications.

Market Segmentation

• By Type: The market includes Wi-Fi wireless chipsets, WiMAX chipsets, wireless video and display chipsets, ZigBee chipsets, and LTE chipsets.
• By Band: It is segmented into single and dual band, and tri band.
• By Form Factor: The market includes System on Chip (SoC) and Integrated Circuit (IC)-based products.
• By End Use Application: Applications range from consumer devices, cameras, smart home devices, gaming devices, AR/VR devices, mobile robots, drones, networking devices, to mobile point of sale (mPOS) systems.
• By Vertical: It spans consumer electronics, enterprise, industrial, retail, BFSI, healthcare, automotive, and other sectors.

Regional Insights

• Asia-Pacific Leadership: Asia-Pacific was the largest region in the wireless communication chipsets market in 2023, reflecting substantial regional demand and development.
• North America’s Growth: North America is expected to be the fastest-growing region during the forecast period, driven by technological advancements and increased adoption of wireless technologies.

Conclusion

The wireless communication chipsets market is poised for continued robust growth, driven by technological advancements, the proliferation of connected devices, and strategic industry moves. As the world becomes increasingly interconnected, the demand for efficient and reliable wireless communication chipsets will continue to rise, ensuring a bright future for this dynamic market. With ongoing innovation and expansion, the market is set to play a crucial role in the global technology landscape, supporting the growth of IoT, smart home technologies, and beyond.

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The Wireless Communication Chipsets Global Market Report 2024  provides a comprehensive outlook of the wireless communication chipsets market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wireless communication chipsets market forecast offers a thorough analysis on wireless communication chipsets market size, wireless communication chipsets market share, prominent players and their strategies.

The Table Of Content For The Wireless Communication Chipsets Market Include:
1. Wireless Communication Chipsets Market Executive Summary
2. Wireless Communication Chipsets Market Segments
3. Wireless Communication Chipsets Market Size And Wireless Communication Chipsets Market Growth Rate
4. Key Wireless Communication Chipsets Market Trends
5. Major Wireless Communication Chipsets Market Drivers
……
25. Key Mergers And Acquisitions In The Wireless Communication Chipsets Market
26. Top Wireless Communication Chipsets Companies
27. Wireless Communication Chipsets Market Opportunities And Strategies
28. Wireless Communication Chipsets Market, Conclusions And Recommendations
29. Appendix

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