Wi-Fi Technology industry forecast to hit $1.67 billion
Apr 10, 2003
Author:
festprint
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From ebnonline
The wireless LAN (WLAN) industry will generate $1.67 billion in total revenue through the end of 2003, according to Allied Business Intelligence, Oyster Bay, NY.
Chipsets for WLANs are set to hit 23 to 25 million units this year, up from 7.9 million in 2001. ABI's forecasts indicate that between 2002 and 2007, Wi-Fi chipset shipments are set to grow at a CAGR of 43%. By 2007, shipments will reach 147.5 million chipsets, with revenues of $1.13 billion.
"There is a very elastic relationship between pricing and demand in the wireless LAN market, and every step down in prices brings the industry closer to unlocking new opportunities and applications," the company said.
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