Market Synopsis
Globally, the wireless connectivity market is expected to grow from USD 45.21 billion in 2017 to USD 96.08 billion by 2023, at a CAGR of 13.4% during the forecast period 2018–2023. With rapid advancement in radio frequencies, internet, and IoT are making way into the market. Growing demand for IoT and increasing demand for cloud computing are expected to drive the wireless connectivity market during forecast period. Increased demand for wireless sensor networks for creating smart infrastructure, advancements in the telecommunications industry, and high adoption of smartphones is also expected to drive the Wireless Connectivity Market during forecast period. However, high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards is expected to restrain the market during forecast period.
Wireless connectivity is a technique used for communication networks, enterprise connections, and homes to reduce the complex cable networks across buildings. The basis of wireless systems are radio waves which takes place at physical level of a network. Wireless connectivity use radio waves to connect the devices such as laptop to the Internet. GPS, Bluetooth, Wi-Fi are becoming universal for many devices such including smartphones. The business demand has grown for the wireless connectivity technologies to improve operational efficiency, faster decision making capability, and cost saving.
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Industry Segments
The global wireless connectivity market can be segmented on the basis of application, deployment, technology, type, and lastly, region. The application-based segmentation segments this market into automotive, consumer electronics, healthcare, public safety, wearable devices, energy, and others.
Based on deployment, the market has been segmented into the cloud, control devices, gateways, and others. Regarding technology, the market has been segmented into Bluetooth, cellular, the global positioning system (GPS), near-field communication (NFC), ultra-wideband, Wi-Fi, ZigBee, and others. By type, the market has been segmented into the cellular machine to machine (M2M), global navigation satellite system (GNSS), wireless local area network (WLAN), and wireless personal area network (WPAN).
Key Players
The key players in the wireless connectivity market are QUALCOMM Inc. (US), Cisco Systems Inc (US), Microchip Technology Inc. (US), Texas Instruments Inc. (US), Cypress Semiconductor Corporation (US), Intel Corporation (US), NXP Semiconductors (Netherlands), AT&T Inc. (US), STMicroelectronics NV (Switzerland), and Renesas Electronics Corporation (Japan) among others.
Regional Analysis
The regional segmentation of the global wireless connectivity market segments the market into the regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). During the forecast period, the Asia Pacific region can be the largest regional market. The wireless connectivity market is growing maximum in China, India, Japan, and South Korea, followed by remaining countries of Asia Pacific region. In the Asia Pacific region, the first factor leading to market growth is the growing adoption of smartphones and other consumer electronic devices. The second factor is growing smart city projects in countries like China and India.
North America is another important regional market due to the presence of many key market players and the rapid adoption of new technologies like artificial intelligence (AI) and IoT. The significant country-specific markets in this region are the USA, Mexico, and Canada. In Europe, the market is growing due to the presence of some key market players and technological advancement second only to North America. In this region, the critical country-specific markets are Germany, France, and the UK.
The RoW segment covers the Middle East & Africa (MEA) and many Latin countries. In the MEA region, the market is limited due to poor countries, lack of infrastructure, lack of awareness, lack of advanced facilities, lack of skilled professionals, and lack of education. The market comprising of Latin countries is small because the availability of advanced technology is limited in this region. Argentina and Brazil are two strong economies that have the potential to rise as lucrative markets in the future.
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Latest Industry News
According to a new deal, Vislink will serve as the exclusive high definition (HD) and 4K Ultra HD (UHD) wireless technology hardware and innovation provider for Aeroshot’s specialized camera products. Vislink will provide wireless video, audio and data connectivity to Aeroshot’s camera products. 12 MAR 2019
A new tool for spectrum management called automated frequency coordination can make wireless connectivity faster and more affordable. 12 MAR 2019
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