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 insights from the report indicate that private 5G networks will play a critical role in various applications, including the remote control of assets where it ensures low-latency and high-reliability communication.
The adoption of IoT technologies has seen a notable increase among enterprises, driven by the promise of improved operational efficiency, cost savings, and enhanced data analytics capabilities.
