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.
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.
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Industry Segments
The worldwide wireless connectivity industry has been divided into deployment, technology and applications. The technology division includes Wi-Fi, GPS, Bluetooth, cellular, ultra wide band and others. The deployment category contains gateways, control devices, cloud and others. The application category consists of public safety, healthcare, energy, wearable devices, consumer electronics, automotive and others.
Key Players:
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.
Global Competitive Analysis
The contenders in the industry are aiming to grow their market portion to a by the usage of major assets to enable growth transformations which will be good for the long run transformation of the sector. The outlook for growth in the market has a high level of potential. This approach is encouraging for the volume driven growth of the sector. The industry is maintaining the growth potential of the market through continuous ongoing course advances and supporting financial flexibility to spend in the finest strategies when they arise. Varied products will increase the demand levels of the industry which will lead to speedy growth in the market.
Regional Analysis
The region wise study of this market states that North America is anticipated to boost the market owing to the intense research and development activities in the field of wireless connectivity, growth of a number of IoT, high penetration of Internet of Things, and cloud start-ups in the region which is trailed by the European and Asia Pacific market. The Asia-Pacific region is anticipated to develop owing to growth in the level of investments in the internet of things sector and various other industry verticals such as healthcare, manufacturing and transportation among others. Surge in the number of mobile user and also of many wearable devices is estimated to contribute for the development of the wireless connectivity market. The North American region is estimated to hold the top market share due to the presence of early technology adopters in the region. The region is also helped by the existence of technologically progressive countries such as U.S. and Canada which are encouraging the wireless connectivity market.
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Intended Audience:
- Original equipment manufacturers
- Wireless device manufacturers
- Software providers
- Component providers
- Manufacturers of electronic devices
- Investors
- Industrial end users
- Research institutes
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