Rising Demand For Improved Internet Connectivity Boosts Progress in Wi-Fi Chipset Market

Published Date : Oct 01, 2018

Albany, New York, Oct 1, 2018: A recent report, titled, “Wi-Fi Chipset Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025,” added by MarketResearchReports.biz to their vast repository vastly covers this market in high detail. The report explains every factor associated with the market in great depth.

A surge in the use of devices such as smartphones, smart wearables, laptops, and other machines is primarily responsible for driving immense growth in the global Wi-Fi chipset market. Moreover, with population growth and associated urbanization, an increase in demand for better technological advanced devices has occurred, most of which rely on using the Wi-Fi chipsets. Demand for faster internet connectivity in public as well a private spaces too is propelling the global Wi-Fi chipsets market to gain new grounds.

With new smart city projects being designed, the demand for Wi-Fi enabled services is poised to rampantly rise, consequently proving to be beneficial to the market’s growth. A large number of tech giants are investing huge money in this market, in order to provide state-of-the-art services to their customers, thus aiming to generate a mammoth revenue. With the upcoming 5G internet connectivity on the horizon, coupled with the launch of 5G phones from 2019 onwards, the global Wi-Fi chipset market is predicted to amass infinite growth opportunities.

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Owing to the presence of a large number of players, a high degree of competition exists in the global Wi-Fi chipset market. Most of the market players are imparting a lot of focus on providing high quality products to their customers. This strategy aims at improving customer retention and expanding revenue generation. With new players projected to enter the market during the forthcoming years, the competition is expected to get tougher. Many companies are undertaking extensive research and development to enhance their Wi-Fi chipset products and associated solutions.

Cypress Semiconductor Corporation, Intel Corporation, Texas Instruments Incorporated, Mediatek, Inc., Realtek Semiconductor Corp., Samsung Electronics Co., Ltd., Marvell Technology Group Ltd., Celeno Communications, Quantenna Inc., Peraso Technologies, Inc., Qualcomm Limited, and Stmicroelectronics N.V., are key players operating in the global Wi-Fi chipset market.

Regionally, this market is mainly spread across North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Of these, majority of the market’s presence is seen in North America owing to high adoption of Wi-Fi services as well as presence of a strong technological infrastructure in this region.

However, apart from North America, Asia Pacific is soon catching up in the global W-Fi chipset market, mainly by churning out less expense and efficient products, thus attracting a large number of customers. A rise in the use of smartphones in this region too has been responsible for increasing the production rate of Wi-Fi chipsets in this region.

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