The GCC Wi-Fi chipset market comprises of integrated circuits or chips designed to support wireless local area network communication using Wi-Fi technology. Wi-Fi chipsets are incorporated in various electronic devices such as smartphones, tablets, laptops, networking devices, and smart home appliances. Growing adoption of IoT devices to monitor and control remotely has fueled the demand for Wi-Fi enabled chipsets.
The Global GCC WIFI Chipset Market is estimated to be valued at US$ 23.62 Mn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 To 2031.
Key players operating in the GCC Wi-Fi chipset market are Nestlé S.A., Groupe Danone, PT Kalbe Farma Tbk, PT Indofood Sukses Makmur, Indofood CBP, Mirota KSM, Nutricia Indonesia Sejahtera, Sari Husada, Mead Johnson Indonesia, and PT Frisian Flag Indonesia.
Key Takeaways
Key players: Nestlé S.A. is a leading player offering Wi-Fi chipsets incorporated in various smart home appliances, routers, and networking devices. Groupe Danone provides Wi-Fi chipsets for IoT devices and is expanding in the GCC WIFI Chipset Market Demand.
Growing demand: Rising sales of smart devices and appliances integrated with Wi-Fi technology is driving the demand for Wi-Fi chipsets in the GCC region. Growing internet and smartphone penetration is further fueling the demand.
Technological advancement: Continuous innovation in Wi-Fi technology with new standards such as Wi-Fi 6 and 6E is bringing high speed connectivity and improved performance. Chipset manufacturers are developing new technologies to leverage upcoming opportunities.
Market Trends
Increasing Wi-Fi connectivity: More integration of Wi-Fi in diverse applications from smart cities to healthcare devices is bringing more opportunities. Wi-Fi is emerging as a mainstream connectivity option replacing cabled networks.
Popularity of IoT devices: Growing adoption of IoT devices for various B2B and B2C applications is a major trend. It is driving the demand for low power wide area network (LPWAN) chipsets with integrated Wi-Fi.
Market Opportunities
Smart cities infrastructure: Governments across GCC countries are investing heavily in smart cities projects. It will drive opportunities for Wi-Fi infrastructure component providers including chipset manufacturers.
Connected healthcare: Remote patient monitoring is a fast emerging trend. Integration of Wi-Fi in healthcare devices and equipment presents lucrative opportunities.
Impact of COVID-19 on GCC WIFI Chipset Market Growth:
The outbreak of COVID-19 pandemic has significantly impacted the growth of GCC WIFI chipset market. During the initial phase of lockdowns imposed across GCC countries, the demand for WIFI chipsets witnessed a decline as industrial and commercial activities came to a halt. Manufacturing and supply chain disruptions affected the production and availability of WIFI chipsets in the market. However, as people started spending more time at home during lockdowns, the demand for reliable and fast internet connectivity increased manifold for activities like online education, remote working, video streaming etc. This led to surge in sales of devices like laptops, tablets and smartphones which use WIFI chipsets. As many businesses and organizations adopted work from home policy, the sales of networking equipment rose which further boosted the demand for WIFI chipsets. Though production and supply faced challenges initially, manufacturers increased their efforts to meet the growing demand. It is expected that even in the post COVID era, the trend of work from home and online education will continue to some extent which will sustain the demand for WIFI enabled devices and networking equipment, driving the growth of GCC WIFI chipset market in coming years. Innovation and development of next generation technologies is important for market players to capitalize on opportunities arising in the post pandemic environment.
Geographical Concentration of GCC WIFI Chipset Market:
In terms of value, United Arab Emirates accounts for the major share of GCC WIFI chipset market owing to high population density, advanced digital infrastructure and tech adoption. Major cities in UAE like Dubai and Abu Dhabi have widespread availability of high speed broadband networks enabling fast and seamless connectivity. The growing popularity of technologies like IoT and AI are driving the demand for connected devices in UAE. Initiatives by government to promote digitization and smart city projects are further augmenting the sales of networking solutions and WIFI enabled devices.
Fastest Growing Region in GCC WIFI Chipset Market:
Saudi Arabia is expected to witness the fastest growth in GCC WIFI chipset market during the forecast years. The government of Saudi Arabia has ambitious plans to diversify its economy and reduce dependence on oil industry through ‘Vision 2030’. Vast investments are being made to develop digital infrastructure and transition towards technology-driven industries. Programs promoting tech innovative startups are encouraging adoption of latest networking products. Also, development of new smart cities and growing consumer demand for internet services will significantly contribute to the rising demand for WIFI chipsets in Saudi Arabia.
Get more insights on GCC WIFI Chipset Market