Wi-Fi Chipset Market — Rising Number of Smart Cities Drives Demands

Market-Research

The use of Wi-Fi chipset has grown largely across the globe, as it helps in connecting two or more devices through wireless communication in a limited area. These chipsets are used in WLAN cards, adapters, computers, mobile phones, and laptops to transfer data at a high speed.

Nowadays various devices such as digital printers, digital cameras, video-game consoles, and other smart devices are available with inbuilt Wi-Fi technology, which means that increasing demand for these devices will simultaneously boost the demand for Wi-Fi chipset. 

One of the major factors responsible for the growth of the Wi-Fi chipset market is rising number of smart cities in developing economies. Mostly, countries in Asia Pacific are working on building smart cities on a large scale. Technological advancements in Wi-Fi technology and increasing usage of Wi-Fi in homes, offices, and in public places have grown the demand for Wi-Fi technology immensely.

In addition, growing number of people under the middle-income group in developing economies is driving the need for smart cities. For instance, smart-city plans in India and China where there are hundreds of projects costing in billions are expected to accelerate the demand for Wi-Fi technology. Various global conglomerate such as RailTel, Larsen & Toubro (L&T), Google, and IBM and are working on Wi-Fi network management for the smart city projects. 

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The global Wi-Fi chipset market is expected to witness high growth in Asia Pacific. Asia Pacific is expected to hold the highest share in terms of revenue in the global Wi-Fi chipset market during the forecast period.