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Wireless Communication Equipment Market Size, COVID-19 Impact Analysis, Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4936

Wireless Communication Equipment Market size is projected to experience a healthy growth during 2023 to 2032, driven by the notable improvements in wireless technologies to offer high-quality internet experiences.

The deployment of 5G networks is increasing across the mobile industry to support innovations in automation, including IoT, which will drive the demand for wireless communication systems. For instance, the Canadian government announced contributions worth USD 11.7 million to the EXFO to accelerate the development of 5G technology and create more job opportunities.

Telecom operators are using various strategies to encourage their 2G customers to switch to their existing 4G-powered networks including agreements with cellphone manufacturers to enhance their customers’ shopping experience. However, the lack of adequate security in wireless communication networks in emerging countries, which can often lead to data theft and loss of data integrity, may impede the market growth.

Based on type, wireless communication equipment market size from the radio wave segment is poised to register a commendable CAGR through 2032, due to the superior transmission properties offered by the technology. Smartphone makers are making significant investments in building novel radio wave technologies to enhance the performance of their products.

Other types of wireless communication devices include satellite equipment, infrared, and microwave communication components. Consistent innovations in satellite technologies to deliver a wider coverage are also predicted to enhance the wireless communication equipment market outlook.

North America is set to capture a major share of the wireless communication equipment industry by 2032, attributed to the growing government investments to boost broadband access across the region.

For example, in 2021, U.S. President Joe Biden announced an infrastructure plan worth USD 2.25 trillion, out of which USD 100 billion would be used by the government to install broadband networks in rural parts of the country over the next 8 years. The plan also involves a reduction in internet costs for low-income individuals, which is further anticipated to stimulate regional industry progress over the forecast period.

Some of the leading companies involved in the wireless communication equipment market are Samsung Electronics and Co., Juniper Networks, ZTE Corporation, Cisco Systems, Ciena Corporation, Ericsson, Nokia Networks, Toshiba Electronics Devices & Storage Corporation, and Huawei Technologies. Strategic alliances and product innovations are among the many initiatives that these organizations are undertaking to increase their share in the global market.

For instance, in November 2022, Nokia announced plans to lead the KOMSENS-6G project launched by the German Ministry of Education and Research. This project aims to expand the scope of wireless networks as sensors in the 6G era, bringing together the physical and digital worlds.

The Russia-Ukraine war has played a key role in creating several opportunities for the wireless communication equipment market growth. Wireless devices became a vital medium of communication for citizens stranded in war-struck areas and helped rescue teams maintain smooth communication with their teams to locate the victims. Innovative wireless communication devices are thus being manufactured to enable military personnel to communicate with each other in low-network areas, thereby boosting market development.

The wireless communication equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:

Market, By Type

  • Satellite Communication
  • Infrared Communication
  • Radio Wave Communication
  • Microwave Communication

Market, By End-Use

  • BFSI
  • Energy
  • Government
  • Manufacturing
  • IT & Telecommunication
  • Government
  • Healthcare
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa 


What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
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