Wi-Fi IoT chipset market: Spending expected to grow to $4.8 billion by 2030 as new standards improve efficiency, reliability, and range

In short

• The Wi-Fi IoT chipset market reached $1.85 billion in 2024 and is expected to reach $4.84 billion in 2030, according to IoT Analytics’ 156-page Wireless IoT Connectivity Chipset Market Report 2025-2030.
• The top 3 drivers of this growth are 1) low-power Wi-Fi chipsets enabling better energy efficiency, 2) the resumption of enterprise Wi-Fi upgrades, and 3) the potential for Wi-Fi HaLow to compete with other wireless connectivity options.

Wi-Fi IoT chipset market snapshot and outlook

Wi-Fi IoT chipset market to surpass $4 billion in 2030 after low-end chipsets dragged market. After 2 years of market contraction, the Wi-Fi IoT chipset market is forecast to rebound from $1.85 billion in 2024 to $2.32 billion in 2025, according to IoT Analytics’ 156-page Wireless IoT Connectivity Chipset Market Report 2025–2030 (published October 2025). According to the report, this rebound is just the start of an expected market acceleration. Between 2024 and 2030, the market is forecast to grow at a CAGR of 17.3%, reaching $4.84 billion by the end of the decade. The contraction in 2023–2024 was mainly due to inventory corrections and a higher mix of low-end 2.4Ghz chipsets.

Several drivers are set to propel enterprise Wi-Fi IoT chipset spending, as discussed below.

Insights from this article are derived from

Wireless IoT Connectivity Chipset Market Report 2025-2030

A 156-page report on the wireless IoT chipset market with forecast. Details market sizing (spending, shipments, ASP), vendor shares, and technology trends across cellular, Wi-Fi, Bluetooth, and unlicensed LPWA segments.

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Wi-Fi IoT chipset market drivers

1. Low-power Wi-Fi enabling better energy efficiency

Wi-Fi 6 expanding support for low-power devices. Wi-Fi 6 has brought power-saving features to the technology, such as Target Wake Time (TWT) and extended sleep modes. TWT enables client devices and access points (APs) to schedule specific times for communication, allowing devices to spend more time in standby mode and transfer data only when necessary. Meanwhile, extended sleep modes, like those found in “Wi-Fi for Matter,” reduce client duty cycles. These technologies are making Wi-Fi a viable option for battery cameras, smart locks, sensors, and small appliances.

Examples

• Silicon Labs’ SiWx917 integrates ultra-low-power Wi-Fi 6 with TWT
• Qualcomm QCA4010/QCA4020 families enable low-power embedded Wi-Fi

2. Resumption of enterprise Wi-Fi upgrades

Enterprise IoT upgrades rebounded in 2025. Enterprise IoT spending slowed in 2023 and 2024, particularly for IoT hardware, such as gateways and controllers. The tide appears to be shifting, though, as IoT Analytics’ market models show an upswing in early 2025. Upgrades that had been postponed are now set to resume, and with that, organizations will begin replacing older Wi-Fi networks with newer technologies to enhance reliability and speed:

1. Wi-Fi 6E: Approved by the US Federal Communications Commission in 2020, Wi-Fi 6E added 6 GHz on top of the traditional 2.4 GHz and 5 GHz frequency bands, meaning newer devices can access faster speeds without interference from legacy devices.
2. Wi-Fi 7: Released in January 2024, Wi-Fi 7 introduced Multi-Link Operation (MLO), which allows devices to use multiple frequency bands simultaneously for increased speed and reliability.

3. Wi-Fi HaLow

Wi-Fi HaLow extending range for industrial IoT. Wi-Fi HaLow (IEEE 802.11ah) was originally published in 2017, but first real-world commercial deployments only started in 2024 with mass production of Wi-Fi HaLow chips beginning in 2025. Wi-Fi HaLow operates below 1 GHz, which gives it greater obstacle penetration and range. Indoor tests showed coverage of hundreds of meters per AP, and field trials have shown outdoor video connections as far as 16 km at 2 Mbps. However, this distance is under optimal conditions with a clear line of sight, and most vendors cite a few kilometers for reliability. Wi-Fi HaLow opens new opportunities for Wi-Fi IoT connectivity, such as large indoor factory connectivity and long-range remote monitoring of crops and livestock.

“The Wi-Fi HaLow evolution marks a significant advancement in IoT technology, promising to enhance connectivity across a broad spectrum of applications. In the next four to five years, it is expected that Wi-Fi halo will sell close to 100 million devices in the field, and it’s accelerating in the USA and slowly starting in Europe as well.”

Mike Danil, CEO at Morse Micro

Wi-Fi IoT chipset spending by region (Insights+)