The global wireless chipset market is expected to witness substantial growth over the forecast period. The growth may be attributed to rapidly growing IT sector and surge in demand for mobile phones. Advancements in the microelectronic and software sector are expected to play a pivotal role in significantly improving the functionality and scalability of real-time embedded systems, and are expected to drive the wireless chipset market growth. In addition, the proliferation of smart devices such as personal computers and tablets is expected to fuel market demand over the forecast period.
Wireless chipset is an internal hardware design used in wireless communication systems or computers to communicate with other wireless-enabled devices. Hardware components such as external wireless local area network (WLAN) cards or WLAN adapters make use of wireless chipset. The most commonly used wireless chipset are wireless cards with 802.11b or 802.11g wireless technology used in computers.
Technological advancements and launch of new frequency bands in developing countries are expected to drive the wireless chipset market growth. However, complex embedded systems resulting in increased manufacturing costs along with rapidly evolving technological needs are expected to pose a challenge to the wireless chipset market growth. Furthermore, lack of infrastructure and technical complexities interrupting service and connectivity are also expected to hinder the wireless chipset market. Smartphone proliferation is further expected to drive the mobile LTE chipset market growth in the semiconductor industry, concreting the way for rapid penetration of LTE technology across consumer electronics.
Key market participants include Freescale Semiconductor Inc., Intel Corporation, GCT Semiconductor Inc., GainSpan Corporation, Broadcom Corporation, Atmel Corporation, Greenpeak Technologies Ltd., Amimon Ltd., and Altair Semiconductor Inc.
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The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.