WiFi heads towards $20bn market

Author: EIS Release Date: Nov 15, 2022

As Wi-Fi breaks into new markets well beyond its long-running PC-centric history, it continues to re-invent itself, says Strategy Analytics, which expects the WiFi chip market to grow 9% per year between now and 2027.

 

As Wi-Fi breaks into new markets well beyond its long-running PC-centric history, it continues to re-invent itself, says Strategy Analytics, which expects the WiFi chip market to grow 9% per year between now and 2027.

 

Growing unit shipments and a transition to the newer Wi-Fi standards, with higher initial radio chip prices, will combine to drive the Wi-Fi chip market to more than $20 billion by 2027, a nearly 9% per year growth from 2022 in real (2022) US dollars,” says SA vp Stephen Entwistle, “this will benefit Qualcomm, Broadcom, NXP, Infineon, Synaptics, MaxLinear, and a host of other Wi-Fi chip suppliers.”

 

The WiFi systems market is expected to grow at 7.5% over the same period as WiFi penetration increases in smart home, home entertainment and other applications.

 

“The new power-saving capabilities of Wi-Fi 6 will lead to greater adoption in home automation at the expense of mesh networking protocols such as Z-Wave and ZigBee,” says SA’s Christopher Taylor, “we also expect to see growing adoption of Wi-Fi for industrial internet of things applications, for example using HaLow for outdoor and longer-range use cases. The wearables and automotive segments will also rank quite high in terms of percentage growth in Wi-Fi equipped device shipments.”