Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Tri-Band Wi-Fi Chipset Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.3% during the review period (2022 to 2027).
Security concerns and data privacy regulations will stymie the growth of the Wi-Fi chipset market. An increase in the number of occurrences of wireless hacking via public hotspots around the world is limiting market demand. Furthermore, Wi-Fi chipsets and devices will face connectivity issues as a result of neighboring channel and co-channel interferences. Several regulatory bodies are working to introduce new security standards for Wi-Fi devices and networks to address this.
By 2027, the tri-band segment is expected to account for 24 % Wi-Fi chipset market. The use of 802.11ac in smartphones and Wi-Fi access point equipment is attributed to the rapid growth of the tri-band Wi-Fi chipset segment. The upcoming 802.11ax or Wi-Fi 6 is expected to provide 160 MHz channel widths to accommodate data-hungry applications over the 6 GHz band; this could lead to the adoption of Wi-Fi 6 and next-generation security of WPA3.
The report aspects discussed the profile of the top manufacturers of the global Tri-Band Wi-Fi Chipset market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Tri-Band Wi-Fi Chipset Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Tri-Band Wi-Fi Chipset includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Qualcomm Technologies (NASDAQ: QCOM), Peraso Technologies (Canada), MediaTek (TPE: 2454), Texas Instruments Incorporated. (US), STMicroelectronics (STM U.S.: NYSE) (Switzerland), Intel Corporation (US), Samsung Electronics (South Korea), Cypress Semiconductor Corporation (US), Quantenna Communications (US), Marvell Technology Group (Bermuda) and others.
NXP Unlocks the 6GHz Spectrum with a Wi-Fi 6E Tri-Band Access Device Chipset
Jan 18, 2021—With its new CW641 Wi-Fi 6E Tri-Band system-on-chip, NXP Semiconductors N.V. (NASDAQ: NXPI) is laying the groundwork for a new era of Wi-Fi 6 devices that can operate in the 6GHz band (SoC). With increasing congestion in the legacy 2.4GHz and 5GHz bands, the US FCC, along with other regions around the world, has approved 1.2GHz of unlicensed spectrum for the 6GHz band, which will transform the Wi-Fi landscape. NXP is introducing a Wi-Fi 6E device that will use this 6GHz band to increase Wi-Fi capacity by providing higher throughput, increased capacity, reliability, and lower latency.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
The 802.11ay segment has the highest market share and is expected to grow significantly and dominate the global market during the forecast period. The section displays each type of production, the revenue received the price, the market share, and the growth rate.
By Application, it is segmented into
North America and Europe dominate the Global Market with the highest market stake and are expected to grow significantly and dominate the Global Tri-Band Wi-Fi Chipset Market throughout the forecast period.
The Tri-Band Wi-Fi Chipset Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Tri-Band Wi-Fi Chipset Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Tri-Band Wi-Fi Chipset Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Tri-Band Wi-Fi Chipset Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Tri-Band Wi-Fi Chipset Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Qualcomm Technologies (NASDAQ: QCOM), MediaTek (TPE: 2454), STMicroelectronics (STM U.S.: NYSE) |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.3% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Qualcomm Technologies (US), Peraso Technologies (Canada), MediaTek (Taiwan), Texas Instruments Incorporated. (US), STMicroelectronics (Switzerland), Intel Corporation (US), Samsung Electronics (South Korea), Cypress Semiconductor Corporation (US), Quantenna Communications (US), Marvell Technology Group (Bermuda) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 135 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Tri-Band Wi-Fi Chipset Market is studied from 2017 - 2027.
What is the growth rate of the Tri-Band Wi-Fi Chipset Market?
The Tri-Band Wi-Fi Chipset Market is growing at a CAGR of 4.3% over the next 5 years.
Who are the key players in Tri-Band Wi-Fi Chipset Market?
Qualcomm Technologies(US), Peraso Technologies(Canada), MediaTek(Taiwan), Texas Instruments Incorporated. (US), STMicroelectronics (Switzerland), Intel Corporation (US), Samsung Electronics(South Korea), Cypress Semiconductor Corporation (US), Quantenna Communications(US), Marvell Technology Group(Bermuda)
What regions does this Tri-Band Wi-Fi Chipset Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Tri-Band Wi-Fi Chipset Market?
802.11ay, 802.11ax, 802.11ac Wave 2, Others
What are the major end-use applications of the Tri-Band Wi-Fi Chipset Market?
Smartphones, Tablet, PCs, Access Point Equipment, Connected Home Devices, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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