IoT wireless chip market to reach $14.6B by 2031
Mordor Intelligence forecasts the wireless connectivity chipset market will grow from $9.3 billion in 2025 to $10 billion in 2026 and $14.6 billion by 2031, a 7.72% CAGR. Growth is driven by multi-protocol SoCs, edge AI and automotive telematics; Silicon Labs launched its lowest-power Bluetooth LE SoC BG2B and Synaptics introduced the Wi-Fi 7 MCU SYN765x.
- Wireless chip market: $9.3B in 2025, $14.6B by 2031, 7.72% CAGR
- Silicon Labs BG2B cuts MCU active current 14–15%, 1.1-µA sleep
- BG2B supports Bluetooth 6, Channel Sounding and Secure Vault
- Synaptics SYN765x packs Wi-Fi 7, BLE 6.0 and Thread/Zigbee
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