The Europe Wi-Fi chipset market size reached US$ 4.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028. The growing purchase of smart devices, increasing popularity of online video gaming, and rising reliance on computers and laptops to work remotely and access data represent some of the key factors driving the market.
Wireless fidelity (Wi-Fi) chipset refers to a piece of internal hardware that is integrated into a device to connect it to a wireless network. It comprises various components, such as the radio, the baseband processor, and the firmware, which are responsible for processing the signals and controlling the function of the chipset. It is incorporated into devices that access a Wi-Fi hotspot and requires an antenna to provide high-speed and high-bandwidth connections over long distances. It enables devices to connect using Wi-Fi and exchange data by utilizing radio waves. It converts data first into a digital signal and then modulates it onto a carrier wave, which is transmitted through the air. It is utilized in manufacturing smartphones and tablets and enables them to connect to Wi-Fi networks and cellular networks, make phone calls, send text messages, and transfer data wirelessly. It is also used in smart wearable devices, such as smartwatches and fitness trackers, to connect them with smartphones and other devices wirelessly. Furthermore, as a Wi-Fi chipset eliminates the requirement of standard cables for accessing networked services, its demand is increasing in Europe.
Europe Wi-Fi Chipset Market Trends:
Presently, the rising demand for Wi-Fi chipsets due to the emerging 5G technology represents one of the primary factors influencing the market positively in Europe. Besides this, there is an increase in the purchase of smart devices, such as smartphones and tablets, to access the internet and connect with other individuals. This, coupled with the growing utilization of computers and laptops to work remotely and access data, is offering a favorable market outlook. In addition, the rising adoption of bring-your-own-device (BYOD) policies in various corporate companies to eliminate in-house technical expenses is propelling the growth of the market in the region. Apart from this, the increasing purchase of smart home appliances, such as thermostats, smart lights, and smart locks, which can be controlled using a smartphone app or voice assistant and help save energy, is contributing to the growth of the market. Additionally, the rising popularity of online video gaming, along with the wide availability of advanced gaming laptops and consoles, is supporting the market growth in the region. Moreover, the increasing development of the internet of things (IoT) devices, which rely heavily upon Wi-Fi chipsets to connect with the internet to control their functionalities and monitor their status, is strengthening the market growth in Europe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe Wi-Fi chipset market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product, band and MIMO configuration.
- Access Point Equipment
- Connected Home Devices
The report has provided a detailed breakup and analysis of the Europe Wi-Fi chipset market based on the product. This includes smartphones, tablets, PCs, access point equipment, connected home devices, and others. According to the report, smartphones represented the largest segment.
- Single Band
- Dual Band
- Tri Band
A detailed breakup and analysis of the Europe Wi-Fi chipset market based on the band has also been provided in the report. This includes single band, dual band, and tri band. According to the report, dual band accounted for the largest market share.
MIMO Configuration Insights:
A detailed breakup and analysis of the Europe Wi-Fi chipset market based on the MIMO configuration has also been provided in the report. This includes SU-MIMO and MU-MIMO. According to the report, SU-MIMO accounted for the largest market share.
- United Kingdom
The report has also provided a comprehensive analysis of all the major regional markets, which include the United Kingdom, Germany, France, Italy, Spain, and others. According to the report, Germany was the largest market for Europe Wi-Fi chipset. Some of the factors driving the Germany Wi-Fi chipset market included the growing adoption of work-from-home (WFH) models, rapid digitization, wide usage of 5G network, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the Europe Wi-Fi chipset market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
|Base Year of the Analysis
||Product, Band, MIMO Configuration, Country
||Germany, France, United Kingdom, Italy, Spain, Others
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Key Questions Answered in This Report:
- How has the Europe Wi-Fi chipset market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the Europe Wi-Fi chipset market?
- What is the impact of each driver, restraint, and opportunity on the Europe Wi-Fi chipset market?
- What are the key regional markets?
- Which countries represent the most attractive Europe Wi-Fi chipset market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the Europe Wi-Fi chipset market?
- What is the breakup of the market based on the band?
- Which is the most attractive band in the Europe Wi-Fi chipset market?
- What is the breakup of the market based on the MIMO configuration?
- Which is the most attractive MIMO configuration in the Europe Wi-Fi chipset market?
- What is the competitive structure of the Europe Wi-Fi chipset market?
- Who are the key players/companies in the Europe Wi-Fi chipset market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe Wi-Fi chipset market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the Europe Wi-Fi chipset market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe Wi-Fi chipset industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.