Asia Pacific Wi-Fi Chipset Market Revenue to Exceed USD 8 Billion by 2026

By 2026, the Asia Pacific Wi-Fi chipset market size is expected to reach over $8 billion, fostered by the increased penetration of IoT-connected devices across China, Japan, and India. As digitalization initiatives of Asian governments are realized, the need for low latency, enhanced network agility, and high-speed data transmission will grow more than ever.

The growing deployment of public Wi-Fi hotspots across malls, airports, parks, restaurants, coffee shops, and stadiums is pushing Asia Pacific Wi-Fi chipset market forecast. The presence of regional IT enterprises, hotels, and hospitals that have been requiring high-speed internet connectivity have also been fostering more growth opportunities for the market. Governments in the region are delivering free Wi-Fi zones in order to meet the demands for improved digital infrastructure.
 
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South Korea has been keeping up with the high paced market growth and is expected to exhibit a 6% CAGR between 2020 and 2026. In 2019, the revenue share from South Korea accounted for over 12% of the total Asia Pacific Wi-Fi chipset market share. The government has been assisting the expansion of the market through its favorable policies aimed at digitalization.
 
It has also been investing in smart factories. For instance, during 2019, the South Korean government announced its plan to develop 30,000 smart factories for scaling up production capabilities of the Small and Mid-sized Enterprises (SMEs) in the region by 2022. The upcoming smart factories are expected to feature IoT gateway devices, wireless sensors, automated assembly lines, and robotic systems. The integration of these IoT-connected devices will generate a high demand across Wi-Fi chipset market in Asia Pacific.
 

In terms of band, the Wi-Fi chipset industry share from the tri band segment in Asia Pacific is projected to grow at more than 5.5.% CAGR through 2026. The rapid growth in the Over The Top (OTT) platforms corresponding to the rising demand from Japan, China, and India is fueling the expansion rate. The tri-band configuration consists of three high-frequency bands, 60 GHz, 5 GHz, and 2.4 GHz, that are instrumental in reducing congestion issues and network distortions in Wi-Fi routers and modems.
 
The growing number of OTT platforms across the region is paving the way for growth of APAC Wi-Fi chipset market outlook. As per the March 2020 report of the Economic Times, while the number of online video streaming companies in India was 24 in 2019, over the span of a year, the number reached 35. These companies have been offering high-resolution 4K video streaming to ensure superior user-experience, especially as the demand has grown since the outbreak of the COVID-19 pandemic.
 
In terms of standard, Asia Pacific Wi-Fi chipset market share from the IEEE 802.11n (SB and DB) segment in 2019 was estimated to be around $960 million. The IEEE 802.11n standard is primarily used in the WLAN network owing to its ability to extend wireless transmission range and to deliver superior speed and reliability across the network. Wi-Fi chipsets with these standards can provide more than 600Mbps of data transfer rate, thereby boosting their adoption across large enterprises.
 
 
China is slated to exhibit an escalating demand for Wi-Fi routers and modems over the next few years. Pushed by the growing internet penetration across the country, the Chinese Wi-Fi chipsets industry share is expected to grow at a 4% CAGR through 2026. More than 800 million residents in the nation have been using strong fiber, broadband, and high-speed Internet with superior coverage.
 
Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope
1.1    Research methodology
1.2    List of data sources
1.2.1    Secondary
1.2.2    Primary

Chapter 2   Executive Summary
2.1    Asia Pacific Wi-Fi Chipset Market snapshot

Chapter 3   Asia Pacific Wi-Fi Chipset Insights
3.1    Industry coverage
3.2    Industry size, 2016 – 2026
3.3    Impact of COVID-19 pandemic
3.4    Value chain analysis
3.4.1    Company product snapshot
3.5    Innovation landscape
3.6    Regulatory norms & directives
3.7    Drivers & restraints
3.7.1    Market drivers
3.7.2    Market restraints
3.8    Industry analysis - Porter's
3.9    Competitive benchmarking, 2019
3.9.1    Strategy dashboard
3.10    PESTEL analysis

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