North America Wi-Fi Chipset Market Global Industry Trends and Forecast to 2026
Market
Insights:
The North America Wi-Fi chipset market is gaining traction owing to the
increasing penetration of IoT devices in the region. Wi-Fi chipsets integrated
into IoT devices offer several features such as network security, reduced
latency, and high-speed connectivity. This increases its adoption in various
industry verticals including the consumer electronics, automotive, and IT
enterprise sectors, among others. According to the GSM Association, in 2019,
the total IoT connections were 2.8 billion in North America, which is projected
to surpass the 5.4 billion mark by 2025. The proliferation of IoT connected
devices across various industries is expected to amplify the adoption of Wi-Fi
chipsets in North America.
The IEEE 802.11ay segment is projected to grow at a CAGR of
over 15% during the forecast period. The growth is credited to the rising
integration of this standard in Wi-Fi 5 modems, gateway devices, and routers. A
Wi-Fi chipset with IEEE 802.11ac standard offers high-speed data transmission
of up to 600 Mbps on a 2.4GHz frequency band and up to 1.3 Gbps on a 5MHz
frequency band. Along with high-speed transmission, it also provides high
agility, low latency, and supports multiple data paths, which further fuels its
adoption in the North America Wi-Fi chipset market.
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The MU-MIMO configuration Wi-Fi chipsets shipments is
growing at a CAGR of 7% from 2020 to 2026. The rising penetration of media
streaming platforms in North America is supporting the MU-MIMO configuration
segment growth. MU-MIMO configuration offers low latency and high bandwidth
while connecting multiple devices over the North America Wi-Fi Chipset Market.
The smartphone
application segment held a market share of over 20% in 2019 and is anticipated
to grow at a CAGR of 5% from 2020 to 2026. Growth is attributed to the
increasing penetration of 5G technology in the region. According to the GSMA
Intelligence Mobile Economy 2020 report, North America is projected to witness
205 million 5G connections by 2025. These connections will mostly be smartphone
devices that will require high-end Wi-Fi chipsets to achieve higher data
transmission speed over a 5G network. The massive rollout of 5G network in the
U.S. will increase the adoption of high-end Wi-Fi chipsets in smartphone
applications.
The U.S. accounted for over 80% market share in 2019
and will grow at a CAGR of 5 % from 2020 to 2026 in the North America Wi-Fi
chipset market. Favorable initiatives of the U.S. Federal Government to deploy
public Wi-Fi hotspots in the region are fueling the market growth. For
instance, in May 2020, the Washington State Department of Commerce added 300
Wi-Fi hotspots in the state to help residents who are unable to access the
Internet during the ‘stay-home’ order by the government. The Microsoft and
Avista Foundation also announced to support the public hotspot infrastructure
development in the Washington State. Such supportive initiatives to expand the
public Wi-Fi infrastructure are anticipated to fuel the industry growth.
Key players in the North America Wi-Fi chipset market are
extensively focusing on continuous research & development activities to
provide technically advanced products than their competitors. For instance, in
January 2019, MediaTek, Inc. launched the ‘Wi-Fi 6’ chip series with 2x2 and
4x4 MU-MIMO configurations. The new chipset has applications in gateways,
routers, wireless access points, and smart home connected devices. Some of the
key players in the market are Qualcomm Technologies, Inc., Broadcom, Inc.,
MediaTek Inc., Texas Instruments, and Intel Corporation.
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Table of Contents:
Chapter
1 Methodology and Scope
1.1
Research methodology
1.2
List of data sources
1.2.1
Secondary
1.2.2
Primary
Chapter
2 North America Wi-Fi Chipset Market Summary
2.1
North America Wi-Fi chipset market snapshot
Chapter
3 North America Wi-Fi Chipset Market Insights
3.1
Industry coverage
3.2
Industry size, 2016 – 2026
3.3
Impact of COVID-19 pandemic
3.4
Value chain analysis
3.4.1
Company product snapshot
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