Market Size of Wireless Connectivity Chipset Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.52 Billion |
| Market Size (2029) | USD 12.72 Billion |
| CAGR (2024 - 2029) | 8.36 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Wireless Connectivity Chipset Market Analysis
The Wireless Connectivity Chipset Market size is estimated at USD 8.52 billion in 2024, and is expected to reach USD 12.72 billion by 2029, growing at a CAGR of 8.36% during the forecast period (2024-2029).
The market growth is primarily due to the growing trend toward the adoption of smart home automation across the consumer sector and the increasing connectivity in the automotive industry.
- Wireless chipsets are designed for wireless communication devices and systems that enable the system or computers to connect through wireless means, such as Wi-Fi, Bluetooth, a combination of both, or WLAN.
- With the growing penetration of high-speed internet, the adoption of connected devices and smart home applications is increasing, especially in regions such as Europe, North America, and Asia Pacific. Some major solutions include voice assistants, smart thermostats, smart lighting, security cameras, and smart appliances.
- The addition of several devices, such as in IoT, increases the surface area of a network, creating more potential attack vectors in the process. Even a single unsecured device connected to a network may serve as a point of entry for an active attack on the network.
- The COVID-19 outbreak led to the cancellation of all 3rd Generation Partnership Project (3GPP) face-to-face meetings. All relevant meetings and discussions are conducted electronically, focusing on adopting collaborative tools. Furthermore, emerging use cases for 5G, including the need to support increasing numbers of individuals schooling and working from home, are expected to drive 5G investment moving forward. In addition to making people more efficient in a socially distanced world, 5G connections can be deployed. Such cases have positively driven the market studied despite the disruption caused due to shortages in the supply chain.
