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 2023-2028
The global wireless connectivitymarket size reached US$ 107.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 233.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.60% during 2023-2028.
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 connectivitymarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, network type and end user.
Breakup by Technology:
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
Consumer Electronics and Wearables
Energy and Utilities
IT and Telecom
Breakup by Region:
Middle East and Africa
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.
Base Year of the Analysis
Technology, Network Type, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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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 2017-2028.
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$ 107.5 Billion in 2022.
We expect the global wireless connectivity market to exhibit a CAGR of 12.60% during 2023-2028.
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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