Spending on Wi-Fi Internet of Things (IoT) chipsets is forecast to reach USD $4.84 billion by 2030, according to new research from IoT Analytics.
The Wireless IoT Connectivity Chipset Market Report 2025-2030 outlines a rebound in the market after a period of contraction. This contraction was attributed to inventory adjustments and a larger share of low-end chipsets in the previous year. According to the report, the Wi-Fi IoT chipset market achieved USD $1.85 billion in 2024 and is entering a phase of accelerated growth, with a projected compound annual growth rate (CAGR) of 17.3% through to the end of the decade.
Growth drivers
The report highlights three main factors underpinning the projected expansion. These include the adoption of low-power Wi-Fi chipsets, the resumption of enterprise Wi-Fi infrastructure upgrades to newer standards such as Wi-Fi 6E and 7, and the emergence of Wi-Fi HaLow, which is suited to long-range use cases.
Low-power Wi-Fi chipsets provide improved energy efficiency, supporting a broader range of battery-operated devices within IoT environments. The return of upgrade cycles for enterprise Wi-Fi to more advanced standards is anticipated to further stimulate demand. Wi-Fi HaLow, operating in sub-GHz frequency bands, is enabling greater range, allowing Wi-Fi technologies to compete with alternative wireless connectivity solutions.
Competitive landscape
The research identifies a competitive environment, with Qualcomm and Broadcom accounting for the largest shares of the market in 2024 at 19% and 18% respectively. This market composition is expected to shift as chipmakers seek to address the demands of both high-bandwidth and constrained devices.
Industry expert perspective
"Wi-Fi is expanding into new segments of IoT, with low-power Wi-Fi and Wi-Fi HaLow addressing the power and range limitations that previously favoured other protocols. Low-power Wi-Fi enables battery-operated devices, such as smart locks, sensors, and cameras, to function efficiently within Wi-Fi environments. This challenges the dominance of LPWAN and proprietary short-range protocols in low-power use cases. Wi-Fi Hallow offers long-range, sub-GHz connectivity with support for IP and video. It is well-suited for industrial and agricultural applications including remote monitoring, perimeter surveillance, and large-site control systems. Together, these technologies reposition Wi-Fi as a flexible IoT chipset that can support both constrained and high-bandwidth applications."
The statement from Satyajit Sinha, Principal Analyst at IoT Analytics, points to the changing role of Wi-Fi within the broader IoT sector. With advancements in efficiency and new standards extending the reach and reliability of Wi-Fi, device manufacturers may have more options when selecting chipsets for their products.
Applications and impact
Low-power Wi-Fi is intended to equip devices such as smart locks, sensors, and video cameras for operation on standard Wi-Fi networks without sacrificing battery life. Meanwhile, Wi-Fi HaLow's support for longer distances and use in sub-GHz bands opens up applications in industries that require remote monitoring and surveillance or control of large sites, including agricultural and industrial environments.
