From 2012 through 2017, the wireless chipsets’ market in consumer electronics and automation applications is expected to increase at a compound annual growth rate of more than 20 percent, and annual revenue generated by those products is forecast to reach $20.4 billion by 2017, says a report by MarketsandMarkets.
The report—Wireless Communication Chipsets Market—says the overall market size for Wi-Fi chipsets stood at $2.65 billion in 2010, but “robust demand and deployment of Wi-Fi chipsets in all digital consumer electronics” increased that market to $4.6 billion in 2011.
Smartphones and tablet PCs contributed to the major share of the revenue increase in the chipsets’ market because of increasing consumer adoption of Wi-Fi enabled smartphones, coupled with the rapid integration of Wi-Fi in smartphones by the semiconductor industry, the report says. The percentage share of Wi-Fi enabled smartphones has increased at a tremendous rate over the past two years and is expected to cross 95 percent by 2017, the study says. Similar growth is expected for tablet PCs, the report adds.
In other wireless local area network (WLAN) areas, the concept of wireless display/video with wireless transfer and access of high bit-rate data volumes emerged commercially over the past few years as either an upgrade or alternative to display or transfer video wirelessly between consumer electronic devices, the report says.
Though “wireless home digital interface” (WHDI) was the pioneer in this field in 2007, the success of WHDI compatible chipsets was short-lived in spite of the standardization of WHDI technology and establishment of WHDI forum, the document says.
The market witnessed birth, rapid success and fierce competition among several novel proprietary technologies, and the market’s growth curve took an upward turn. The overall market for wireless display/video chipsets (considering all types of technologies) stood at $800 million in 2011, and it is expected to surpass $1 billion by end of 2012, the report says. With huge scope for penetration into smartphones, smart TVs, ultra-books and tablet PCs, this market is expected to grow at a CAGR of 28.03 percent from 2012 to 2017, according to the study.
Clear here to access the report.