According to a report by Fundamental Business Insights, the wi-fi chipset market size is expected to surpass $21 billion for 2023 and reach $34.5 billion by 2033, with a CAGR of more than 4.4% over the forecast period.
The increasing use of smartphones, laptops, Internet of Things (IoT) devices, smart home appliances, and other connected devices is driving up demand for Wi-Fi chipsets and increasing the need for dependable and fast wireless communication. The proliferation of the Internet of Things (IoT) has led to an increase in the requirement for Wi-Fi chipsets in a wide range of applications, including wearable technology, smart appliances, industrial automation, medical devices, and more. As internet connectivity spread throughout developing countries, the need for low-cost Wi-Fi-capable devices increased, driving the growth of the Wi-Fi chipset market.