Wireless Communication Chipsets Global Market Report 2024

The wireless communication chipsets market size has grown strongly in recent years. It will grow from $21.04 billion in 2023 to $22.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth experienced in the historical period can be attributed to several key factors. These include the widespread adoption of mobile phones, the integration of Bluetooth technology into various consumer electronics, the expansion of 3G and 4G networks, growing demand for GPS-enabled devices, and the continuous increase in internet penetration worldwide.

The wireless communication chipsets market size is expected to see strong growth in the next few years. It will grow to $30.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be linked to several significant factors. These include the expansion of smart home technology, heightened demand for low-power wireless solutions, the increasing prevalence of edge computing, the emergence of wearable technology, and the deployment of satellite-based communication systems. Additionally, major trends expected during this period involve the integration of AI and machine learning capabilities, widespread adoption of Wi-Fi 6 and 6E standards, a focus on energy efficiency in chip design, the convergence of multiple wireless protocols, and the growth of software-defined radio (SDR) technology.

The escalating number of connected devices is poised to drive the expansion of the wireless communication chipset market. Connected devices, encompassing physical objects embedded with sensors, software, and other technologies enabling data exchange and communication over networks, are witnessing a surge globally attributed to heightened consumer demand for connectivity, the proliferation of Internet-enabled devices, and the expansion of Internet infrastructure. Wireless communication chipsets play a pivotal role in facilitating the proliferation of connected devices by enabling seamless and efficient communication between devices, supporting various wireless standards, and enhancing scalability and interoperability within the Internet of Things (IoT) ecosystem. For instance, a report by the Health Sector Cybersecurity Coordination Center (HC3) in August 2022 revealed that approximately 7 billion devices were connected through IoT in 2022, with projections estimating an additional 20 billion devices by 2025, underscoring the catalyst behind the wireless communication chipsets market's growth trajectory.

Key players in the wireless communication chipsets market are intensifying their focus on developing advanced solutions, such as satellite IoT chipsets, to gain competitive advantage. Satellite IoT chipsets, specialized semiconductor chips, facilitate IoT device communication with satellite networks, offering global coverage, low-power operation, and tailored protocols for remote and inaccessible areas. For example, Qualcomm Technologies Inc. introduced the Qualcomm 212S Modem and the Qualcomm 9205S Modem in June 2023, enabling optimized connectivity across satellite and cellular networks, remote monitoring, and advanced asset-tracking capabilities. These solutions represent significant technological advancements by integrating satellite connectivity, ensuring reliable and scalable communication, and expanding connectivity options, thereby fostering market growth and enhancing wireless communication chipsets for applications requiring satellite connectivity in challenging environments.

In December 2021, Renesas Electronics Corporation completed the acquisition of Celeno Communications for $315 million, augmenting its connectivity portfolio with leading Wi-Fi technologies. This strategic move enhances Renesas' presence in the wireless communication chipset sector, driving innovation across diverse industries by fostering comprehensive solutions for IoT, industrial, and automotive applications. Celeno Communications, an Israel-based company specializing in wireless network technology, including wireless communication chipsets, synergizes well with Renesas' objectives, bolstering its capabilities and expanding its offerings in the burgeoning wireless communication chipset market.

Major companies operating in the wireless communication chipsets market are Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Sony Semiconductor Solutions Group, ON Semiconductor Corporation (Onsemi), Microchip Technology Incorporated, Marvell Technology Group Ltd., Qorvo Inc., Veeco Instruments Inc., Aixtron AG, IQE PLC, Espressif Systems Pte. Ltd., Sequans Communications, Telit Communications PLC, GCT Semiconductor Inc., Filtronic Broadband, XMOS, EnSilica, Peraso Technologies Inc., Blu Wireless Technology Ltd, Pragmatic Semiconductor.

Asia-Pacific was the largest region in the wireless communication chipsets market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless communication chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the wireless communication chipsets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Wireless communication chipsets are integrated circuits specifically engineered to facilitate wireless communication between devices. They perform essential functions such as signal processing, modulation, and encoding, enabling seamless connectivity without the necessity of physical cables or wired connections. These semiconductor devices play a crucial role in enabling various wireless technologies including Wi-Fi, Bluetooth, cellular, and other forms of wireless connectivity.

Wireless communication chipsets encompass a range of technologies essential for enabling device connectivity to wireless local area networks (WLANs) for data transfer and internet access. These chipsets come in different types such as Wi-Fi, WiMAX, wireless video, display, ZigBee, and LTE chipsets. They offer various band configurations including single, dual-band, and tri-band options, available in system-on-chip (SoC) and integrated circuit (IC) formats. These versatile components find application across multiple sectors including consumer electronics, enterprise, industrial, retail, BFSI, healthcare, automotive, and more. Use cases span from consumer devices to networking equipment, mobile robots, drones, AR/VR devices, and mobile point of sale (mPOS) systems.

The wireless communication chipsets research report is one of a series of new reports that provides wireless communication chipsets market statistics, including the wireless communication chipsets industry's global market size, regional shares, competitors with a wireless communication chipsets market share, detailed wireless communication chipsets market segments, market trends and opportunities, and any further data you may need to thrive in the wireless communication chipsets industry. This wireless communication chipsets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The wireless communication chipsets market consists of sales of products such as Bluetooth chipsets, NFC (near-field communication) chipsets, RFID (radio-frequency identification) chipsets, and GPS (global positioning system) chipsets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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