Market Research Future published a research report on “Wireless Connectivity Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Wireless Connectivity Market – Overview
Wireless connectivity is a technique used for reducing the complex cable networks across buildings. It is used in communication networks, enterprise connections, and homes. Market Research Future (MRFR) has published a research report about the global wireless connectivity market that appraises boost for this market at 13.4% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 96.08 bn by the end of the forecast period.
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The pivotal factors expanding the growth of the global wireless connectivity market include growing demand for the internet of things (IoT) and increasing demand for cloud computing. Other factors pushing the market growth include advancements in the telecommunications industry, cost saving, faster decision-making capability, high adoption of smartphones, improve operational efficiency and increased demand for wireless sensor networks for creating smart infrastructure. However, some factors that can curb the market growth include lack of uniform communication standards, and high-power consumption by wireless sensors, terminals, & connected devices.
The prominent players in the market of Wireless Connectivity Market are – Texas Instruments Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Cypress Semiconductor Corporation (U.S.), Microchip Technology Inc. (U.S.), Qualcomm Incorporated. (U.S.), Weidmüller Interface GmbH & Co. (U.S.), Nexcom International Co., Ltd. (Taiwan), Bernafon Canada Ltd. (Canada), Intel Corporation. (U.S.) and MediaTek Inc. (Taiwan) among others.
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).
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.
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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- Original equipment manufacturers
- Wireless device manufacturers
- Software providers
- Component providers
- Manufacturers of electronic devices
- Industrial end users
- Research institutes
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