AIoT行业系列深度（一）：WiFi芯片模组-万物智联“卖铲人”

Investment Rating - The report indicates a positive investment outlook for the AIoT sector, highlighting a recovery in demand and inventory clearance as key drivers for growth [5]. Core Insights - The AIoT industry is entering a new growth phase, driven by dual catalysts of improved market conditions and advancements in edge AI technology [5]. - The report emphasizes the importance of Wi-Fi technology as a preferred solution for AIoT applications, with a focus on higher speeds and interoperability as future trends [18][20]. - The Matter standard is identified as a significant factor in promoting interoperability across devices, which is expected to catalyze high growth in the AIoT market [29][30]. Summary by Sections Section 1: Market Dynamics - The AIoT market is projected to experience a compound annual growth rate (CAGR) of 9.6% from 2023 to 2033, with significant contributions from Wi-Fi technology [2][18]. - The demand for AIoT MCUs is expected to recover, with a forecasted growth of 34% in the second half of 2023 [5]. Section 2: Wi-Fi Technology - Wi-Fi technology is positioned as a core component of the AIoT ecosystem, with advancements in Wi-Fi 6 and 7 expected to enhance connectivity and performance [20][22]. - The report notes that Wi-Fi 7 is anticipated to achieve a market penetration of 20% by 2027, reflecting the growing demand for high-speed connectivity [22][28]. Section 3: Competitive Landscape - The report highlights leading companies in the Wi-Fi MCU space, such as Espressif, which has established a strong developer ecosystem and competitive advantage through self-developed IP [39][46]. - The competitive landscape is characterized by significant R&D investments, with companies aiming for long-term growth through innovation and product development [46][55]. Section 4: Future Outlook - The AIoT market is expected to see substantial growth driven by the integration of AI capabilities, with projections indicating a market size of $671 billion by 2030 [11][12]. - The report underscores the importance of developer ecosystems and core self-developed IP as critical factors for maintaining competitive advantage in the evolving AIoT landscape [46][55].