Wireless Connectivity Market by Technology (Bluetooth, Wi-Fi, Ultra-Wide Band, NFC, Cellular, Zigbee, GPS, and Others), Network Type (Wireless Wide Area Network (WWAN), Wireless Personal Area Network (WPAN), Wireless Local Area Network (WLAN)), End User (Automotive and Transportation, Building Automation, Consumer Electronics and Wearables, Energy and Utilities, Healthcare, Industrial, IT and Telecom, and Others), and Region 2024-2032

Wireless Connectivity Market by Technology (Bluetooth, Wi-Fi, Ultra-Wide Band, NFC, Cellular, Zigbee, GPS, and Others), Network Type (Wireless Wide Area Network (WWAN), Wireless Personal Area Network (WPAN), Wireless Local Area Network (WLAN)), End User (Automotive and Transportation, Building Automation, Consumer Electronics and Wearables, Energy and Utilities, Healthcare, Industrial, IT and Telecom, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6597
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Market Overview:

The global wireless connectivity market size reached US$ 122.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 321.7 Billion by 2032, exhibiting a growth rate (CAGR) of 11% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 122.3 Billion
Market Forecast in 2032
US$ 321.7 Billion
Market Growth Rate 2024-2032 11%


Wireless connectivity refers to a computer network that usually employs radio waves to facilitate communication between network nodes and allows devices to remain connected to the network while roaming within the coverage area. It does not require cables, wires, and cords for connection. As compared to a wired network, wireless connectivity offers better mobility and provides superior connectivity to Wi-Fi hotspots at various places. Apart from this, wireless connectivity is easy to install and is a flexible and cost-effective solution that helps access information, updates the networks to meet new configurations, and reduces the utilization of cables that are cumbersome to set up and impose safety threats. Based on these properties, wireless connectivity is used by end-users to enhance security, perform tracking, access the internet, and link devices by utilizing Wi-Fi, Bluetooth, and Z-Wave solutions. At present, it is commercially available in cellular machine-to-machine (M2M), satellite, and WLAN types. 

Wireless Connectivity Market Trends:

The growing proliferation of the internet and smartphone users, the widespread adoption of cloud computing and the Internet of Things (IoT)-enabled platforms, and the large-scale installation of wireless sensors in smart infrastructure are primarily driving the market growth. This is further influenced by the surging consumer awareness regarding the benefits of wireless connectivity and the escalating demand for low-power wide-area (LPWA) networks. In line with this, the favorable initiatives by governments to develop smart cities have prompted manufacturers to incorporate various wireless surveillance cameras for asset monitoring and smart lighting technologies, which are acting as another growth-inducing factor. Moreover, the advent of artificial intelligence (AI) solutions and the extensive integration of near-field communication (NFC), ZigBee, and thread technologies are propelling the market growth. Apart from this, the emergence of fifth-generation (5G) cellular networks, the escalating need for Wi-Fi in residential and commercial areas, and ongoing research and development (R&D) activities are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wireless connectivity market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, network type and end user.

Breakup by Technology:

  • Bluetooth
  • Wi-Fi
  • Ultra-Wide Band
  • NFC
  • Cellular
  • Zigbee
  • GPS
  • Others
     

Breakup by Network Type:

  • Wireless Wide Area Network (WWAN)
  • Wireless Personal Area Network (WPAN)
  • Wireless Local Area Network (WLAN)
     

Breakup by End User:

  • Automotive and Transportation
  • Building Automation
  • Consumer Electronics and Wearables
  • Energy and Utilities
  • Healthcare
  • Industrial
  • IT and Telecom
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., Infineon Technologies AG, Intel Corporation, MediaTek Inc., Microchip Technology Inc., Nordic Semiconductor, NXP Semiconductors N.V., Panasonic Holdings Corporation, STMicroelectronics N.V. and Texas Instruments Incorporated. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
    Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Technology, Network Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Broadcom Inc., Infineon Technologies AG, Intel Corporation, MediaTek Inc., Microchip Technology Inc., Nordic Semiconductor, NXP Semiconductors N.V., Panasonic Holdings Corporation, STMicroelectronics N.V. and Texas Instruments Incorporated.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the wireless connectivity market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global wireless connectivity market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the wireless connectivity industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and  provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global wireless connectivity market was valued at US$ 122.3 Billion in 2023.

We expect the global wireless connectivity market to exhibit a CAGR of 11% during 2024-2032.

The rising adoption of wireless connectivity as a flexible and cost-effective solution to access information, update the networks to meet new configurations, reduce the utilization of cables that are heavy to set up and impose safety threats, etc., is primarily driving the global wireless connectivity market.

The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of wireless connectivity devices, such as Bluetooth and Zigbee, to enhance productivity, during remote working and virtual learning models.

Based on the technology, the global wireless connectivity market has been segregated into Bluetooth, wi-fi, ultra-wide band, NFC, cellular, Zigbee, GPS, and others. Among these, wi-fi currently holds the largest market share.

Based on the end user, the global wireless connectivity market can be bifurcated into automotive and transportation, building automation, consumer electronics and wearables, energy and utilities, healthcare, industrial, IT and telecom, and others. Currently, the IT and telecom industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global wireless connectivity market include Broadcom Inc., Infineon Technologies AG, Intel Corporation, MediaTek Inc., Microchip Technology Inc., Nordic Semiconductor, NXP Semiconductors N.V., Panasonic Holdings Corporation, STMicroelectronics N.V., and Texas Instruments Incorporated.

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Wireless Connectivity Market by Technology (Bluetooth, Wi-Fi, Ultra-Wide Band, NFC, Cellular, Zigbee, GPS, and Others), Network Type (Wireless Wide Area Network (WWAN), Wireless Personal Area Network (WPAN), Wireless Local Area Network (WLAN)), End User (Automotive and Transportation, Building Automation, Consumer Electronics and Wearables, Energy and Utilities, Healthcare, Industrial, IT and Telecom, and Others), and Region 2024-2032
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