Wireless Connectivity Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3600
Wireless Connectivity Market size is expected to grow rapidly over the forecast period due to consistent increase in global internet penetration, adoption of IoT technology, and the rising number of connected and wireless devices. The increase in the demand for wireless sensor networks for the development of smart infrastructure in smart cities is another factor fueling market growth. The development of new communication technology Low Power Wide Area Networks (LPWAN) to support low power and long-range communication between connected IoT devices is supporting the increasing adoption of wireless connectivity technologies in various industry verticals. Also, initiatives for the early commercialization of the next generation 5G network, which provides improved speed and reduced latency for wireless communication are supporting wireless connectivity market growth. The governments in the developing countries including India and China are supporting the adoption of wireless connectivity through initiatives such as Digital India and Smart Cities.
Wireless connectivity eliminates bulky cables, which help in reducing costs and complexities associated with physical infrastructure set up and maintenance. The devices can access the connectivity irrespective of location in case of wireless connectivity. Users can share the information on the go, improving the productivity of enterprises. It also helps enterprises to control and manage their network resources remotely. The enterprises can quickly respond to their customers’ queries, improving response time and increasing customer satisfaction. Wireless connectivity provides connectivity to areas where setting up a wired connection is difficult. It provides enterprises the ability to easily scale up their network resources with small additional cost. It also reduces power consumption by reducing wired connectivity devices.
Wireless connectivity also improves the speed of data transmission compared to wired connectivity. The improved data speed helps enterprises to enhance their speed of operations, resulting in improvement of their overall efficiency. Increase in the number of cyber-attacks and data breach incidents may hamper the wireless connectivity market growth. The lack of standardization in communication standards may also affect the interoperability of diverse wireless networks.
North America is expected to dominate the wireless connectivity market over the forecast period due to increase in the number of wireless devices and early adoption of advanced technologies, such as cloud computing and IoT, in the region. For instance, according to the report ‘State of Wireless 2018’ released by CTIA, the U.S. wireless communications industry association, 400 million devices were in service in 2017, representing an increase in wireless penetration by 120.7% compared to 2016. The increase in the number of wireless devices is enabling enterprises to adopt wireless networks to provide uninterrupted connectivity to these devices. The presence of major technology companies in the region, which are continuously developing wireless technologies such as Intel, Qualcomm, and Broadcom is another reason assisting market growth.
APAC wireless connectivity market is expected to show significant growth over the forecast period due to an increase in internet penetration and government support for the development of smart cities. According to the International Telecommunication Union (ITU), in 2017, 43.9% of the Asia Pacific population were using the internet. The increase in the adoption of smart cities is facilitating the increasing deployment of IoT devices across the developing countries including India and China. Many Chinese government institutions are collaborating with foreign companies to implement smart infrastructure in their cities. In March 2019, China Shanghai Yangpu government collaborated with Berlin-based non-profit MXC Foundation to deploy MXC’s Smart City IoT Standards to increase efficiency and improve the lives of citizens.
The major companies operating in the wireless connectivity market are forming strategic partnerships for the development of next generation 5G technology to use its improved bandwidth and low latency capabilities for better wireless connectivity. For instance, in February 2017, Intel partnered with Nokia for the development of 5G services by opening two 5G solution labs for testing. This partnership helped in accelerating the commercial readiness of the new wireless technology. Major players operating in the market are Qualcomm, Broadcom, MediaTek, Intel, Cypress Semiconductor, Texas Instruments, Peraso Technologies, NXP Semiconductors, Espressif Systems, STMicroelectronics, Ceva, Microchip, Nordic Semiconductor, Marvell Technology, Skyworks Solutions, Renesas Electronics, NEXCOM, EnOcean, Atmel Corporation, and Quantenna Communications.
Wireless Connectivity Market, By Connectivity Type, 2014-2025 (USD Million)
- Single Band
- Dual Band
- Wi-Fi HaLow
- Bluetooth Classic
- Bluetooth Smart
- Bluetooth Smart Ready
- Near Field Communication (NFC)
Wireless Connectivity Market, By Applications 2014-2025 (USD Million)
- IT & telecom
- Consumer Electronics
- Public Safety
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- QUALCOMM Inc.
- Broadcom Inc.
- MediaTek Inc.
- Intel Corporation
- Cypress Semiconductor Corporation
- Texas Instruments Inc.
- Peraso Technologies, Inc.
- NXP Semiconductors
- Espressif Systems Pte., Ltd.
- STMicroelectronics NV
- Ceva, Inc.
- Microchip Technology Inc.
- Nordic Semiconductor
- Marvell Technology Group Ltd.
- Skyworks Solutions, Inc.
- Renesas Electronics Corporation
- Nexcom International Co., Ltd.
- EnOcean GmbH
- Atmel Corporation
- Quantenna Communications, Inc.
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