IoT Wi-Fi Chipset Market: Growth, Trends, and Forecasts to 2030

The Wi-Fi IoT chipset market reached $1.85B in 2024, projecting a 17.3% CAGR to 2030. Growth fueled by low-power Wi-Fi, Wi-Fi 6E/7 upgrades, and Wi-Fi HaLow adoption. Qualcomm and Broadcom lead.

The Wireless IoT Connection Chipset Market Record 2025-2030 details a rebound on the market after a duration of tightening. This contraction was attributed to stock changes and a bigger share of low-end chipsets in the previous year. According to the report, the Wi-Fi IoT chipset market accomplished USD $1.85 billion in 2024 and is entering a stage of sped up development, with a forecasted compound yearly development price (CAGR) of 17.3% through to the end of the decade.

Low-power Wi-Fi is planned to outfit tools such as clever locks, sensing units, and camera for operation on common Wi-Fi networks without sacrificing battery life. At The Same Time, Wi-Fi HaLow’s assistance for longer distances and utilize in sub-GHz bands opens applications in markets that require remote tracking and surveillance or control of huge websites, including industrial and farming settings.

Drivers of Wi-Fi IoT Growth

The report highlights three primary elements underpinning the forecasted development. These include the adoption of low-power Wi-Fi chipsets, the resumption of venture Wi-Fi infrastructure upgrades to newer criteria such as Wi-Fi 6E and 7, and the introduction of Wi-Fi HaLow, which is suited to long-range usage cases.

Analyst Perspective on Wi-Fi Expansion

The declaration from Satyajit Sinha, Principal Expert at IoT Analytics, indicates the transforming duty of Wi-Fi within the wider IoT industry. With developments in effectiveness and brand-new criteria prolonging the reach and dependability of Wi-Fi, tool producers may have more alternatives when choosing chipsets for their items.

“Wi-Fi is increasing right into new sectors of IoT, with low-power Wi-Fi and Wi-Fi HaLow resolving the power and array limitations that formerly favoured other methods. Low-power Wi-Fi allows battery-operated tools, such as smart locks, sensors, and cameras, to operate successfully within Wi-Fi settings. This tests the supremacy of LPWAN and proprietary short-range protocols in low-power usage instances. Wi-Fi Hallow uses long-range, sub-GHz connection with support for IP and video clip. It is fit for industrial and farming applications including remote monitoring, boundary monitoring, and large-site control systems. With each other, these innovations reposition Wi-Fi as a flexible IoT chipset that can support both constricted and high-bandwidth applications.”

Competitive Landscape in 2024

The research study determines a competitive setting, with Qualcomm and Broadcom audit for the biggest shares of the marketplace in 2024 at 19% and 18% respectively. This market structure is expected to change as chipmakers seek to address the demands of both high-bandwidth and constricted gadgets.

“Wi-Fi is expanding into brand-new segments of IoT, with low-power Wi-Fi and Wi-Fi HaLow addressing the power and range limitations that formerly favoured other procedures. Low-power Wi-Fi allows battery-operated devices, such as clever locks, sensing units, and cameras, to work effectively within Wi-Fi environments.

According to the report, the Wi-Fi IoT chipset market achieved USD $1.85 billion in 2024 and is entering a phase of increased development, with a predicted compound yearly growth price (CAGR) of 17.3% through to the end of the years.