GCC WIFI CHIPSET MARKET ANALYSIS

Gcc Wifi Chipset MarketSize and Trends

A wireless chipset is a piece of internal hardware in wireless communication systems or computers designed to communicate with other wireless-enabled device. Such WIFI chipsets have applications in computers, adapters, computers, WLAN cards, mobile phones, and laptops, in order to transfer data at a high speed. Thus, increasing demand for these devices is expected to boost demand for WIFI chipset.  These WIFI chipsets access WIFI hotspots to enable the end users to access network services without the requirement of any wires and cables.

Moreover, application of WIFI chipsets in consumer electronic devices such as smartphones and tablet PCs and increasing penetration of internet and WIFI routers in GCC countries are some of the important factors that are expected to drive growth of the GCC WIFI chipset market over the forecast period. For instance, in February 2019, Saudi Telecom Company (STC), a Saudi Arabia-based telecommunications company and Ericsson, a Sweden-based multinational networking and telecommunications company, entered into an agreement to launch a mid-band 5G network in Saudi Arabia. The use of WIFI chipset is increasing across the GCC countries, as it can connect to two or more devices through wireless communication in a limited area. Moreover, rising demand for Wireless Gigabit (WiGig), a technology based on the IEEE 802.11ad specification, in multimedia streaming, virtual reality, and enterprise applications such as billing systems, customer relationship management systems, and others require wireless docking and high speed network, which are expected to fuel demand for WIFI chipsets in GCC countries over the forecast period.

Smart city development, smartphone proliferation, and technological advancements in WIFI chipsets are the factors that are expected to drive growth for the GCC WIFI chipset market

One of the major factors responsible for the growth of the GCC WIFI chipset market is rising number of smart cities in GCC countries. Moreover, GCC countries are focusing on building smart cities on a large scale. For instance, in December 2018, Honeywell International Inc., a U.S.-based company and Advanced Electronics Company (AEC), Saudi Arabia-based electronics manufacturer, announced to sign a contract to build data-driven smart cities in Saudi Arabia. Increasing adoption of WIFI devices in homes, offices, and public places and technological advancements in WIFI technology are expected to drive demand for WIFI technology. Moreover, increasing people under the middle-income group in GCC countries are driving need for smart cities. Moreover, demand for Wi-Fi technology is increasing, owing to high penetration of smartphones and mobile devices across GCC countries. According to Coherent Market Insights, in 2019, the number of smartphone users in the United Arab Emirates (UAE) is estimated to reach 4.3 million. These factors are expected to increase adoption of WIFI technology in public places, homes, offices, and others, which in turn is expected to drive growth of the market over the forecast period.