Mar 04, 2021 (Market Insight Reports) -- Graphical Research added Europe wi-fi chipset market report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps market participants in understanding the problems they may face while operating in this market over a longer period.
The Europe Wi-Fi chipset market is gaining traction owing to the rising government initiatives toward deployment of smart city projects in the region. For instance, in January 2020, Innovation and Networks Executive Agency (INEA) announced to receive proposals on 12 smart city projects that emphasize on development of public infrastructure in European Union. The European Commission will be funding approximately USD 211.1 million on these 12 smart cities development projects. Such initiatives will increase the integration of Wi-Fi and IoT devices into public infrastructures, fueling the adoption of Wi-Fi chipsets in the European region.
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The tri band configuration segment in the Europe Wi-Fi chipset market will grow with the CAGR of over 4% by revenue in 2019. The rising penetration of online streaming platforms is projected to increase the uptake of tri band Wi-Fi chipsets in Europe. Tri band Wi-Fi chipsets implement three bandwidths, 2.4 GHz, 5GHz, and 60GHz. These high frequency band reduces network congestions and helps to integrate multiple devices into Wi-Fi routers. In March 2020, Netflix announced to reduce video streaming quality in the European servers over high network congestions. This is anticipated to increase the adoption of tri band-based Wi-Fi devices in the Europe market over the forecast period.
The MU-MIMO configuration segment in the Europe Wi-Fi chipset market is growing at a CAGR of 2% by revenue from 2020 to 2026. The growth is attributed to rise in work from home trend, increasing the web traffic in Europe. For instance, in March 2020, Vodafone reported 50% increase in the internet traffic in some European countries due to consumers shifting to working from home amid COVID-19 pandemic. This has increased the adoption of MU-MIMO configuration-based Wi-Fi routers, modems, and gateway devices in the region. The MU-MIMO configuration offers low latency and high bandwidth while connecting multiple devices over the Wi-Fi network. The rise in web traffic in European countries is anticipated to increase the adoption of Wi-Fi chipset with MU-MIMO configuration, further fueling the market growth.
Germany accounted for over 15% market share by revenue in 2019 and will grow at a CAGR of 2.5% from 2020 to 2026 in the Europe Wi-Fi chipset market. Several German automotive OEMs, such as Audi, BMW AG, Daimler AG, etc., are emphasizing on development of connected vehicles and self-driving cars over wireless network. According to Germany Trade and Invest (GTAI) 2020-2021 report, Germany credited 60% R&D growth in the European automotive sector in 2019. The connected vehicles are integrated with electronic control units (ECU) and wireless sensors, increasing the uptake of Wi-Fi chipsets, further contributing to the market growth.
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Key players operating in the market are extensively focusing on continuous research & development activities to provide technically advanced products than their competitors. For instance, in February 2019, Telit, a UK-based company, launched 'WL865E4-P', a low-power Wi-Fi module, which has applications in smart home devices, healthcare equipment, industrial control, and IoT connected devices. Some of the key players in the Europe Wi-Fi chipset market are NXP Semiconductors N.V., Telit, Celeno Communications, Qualcomm Technologies, Inc., Broadcom, Inc., and Intel Corporation, among others.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 List of data sources
Chapter 2 Executive Summary
2.1 Europe Wi-Fi Chipset Market snapshot
Chapter 3 Europe Wi-Fi Chipset Insights
3.1 Industry coverage