Wireless Connectivity Market Size, Historical Analysis, Sales Revenue, Opportunities, Industry Growth, Development Status, Competitive Landscape and Regional Forecast to 2023
Apr 1, 2019
Market Research Future published a research report on “Wireless Connectivity Market Research Report- Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India - April 1, 2019 /MarketersMedia/ —
Market Synopsis
Globally, the wireless connectivity market is expected to grow from USD 45.21 billion in 2017 to USD 96.08 billion by 2023, at a CAGR of 13.4% during the forecast period 2018–2023. With rapid advancement in radio frequencies, internet, and IoT are making way into the market. Growing demand for IoT and increasing demand for cloud computing are expected to drive the wireless connectivity market during forecast period. Increased demand for wireless sensor networks for creating smart infrastructure, advancements in the telecommunications industry, and high adoption of smartphones is also expected to drive the Wireless Connectivity Market during forecast period. However, high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards is expected to restrain the market during forecast period.
Wireless connectivity is a technique used for communication networks, enterprise connections, and homes to reduce the complex cable networks across buildings. The basis of wireless systems are radio waves which takes place at physical level of a network. Wireless connectivity use radio waves to connect the devices such as laptop to the Internet. GPS, Bluetooth, Wi-Fi are becoming universal for many devices such including smartphones. The business demand has grown for the wireless connectivity technologies to improve operational efficiency, faster decision making capability, and cost saving.
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Key Players
The key players in the wireless connectivity market are QUALCOMM Inc. (US), Cisco Systems Inc (US), Microchip Technology Inc. (US), Texas Instruments Inc. (US), Cypress Semiconductor Corporation (US), Intel Corporation (US), NXP Semiconductors (Netherlands), AT&T Inc. (US), STMicroelectronics NV (Switzerland), and Renesas Electronics Corporation (Japan) among others.
Segmentation
Global wireless connectivity market can be segmented as follows:
• By technology, the market is segmented into Bluetooth, Wi-Fi, GPS, ultra wide band, NFC, cellular, zigbee and others.
• By deployment, the market is segmented into control devices, gateways, cloud, and others.
• By applications, the market is segmented into healthcare, public safety, wearable devices, energy, automotive, consumer electronics and others.
• By type, the market is segmented into wireless local area network (WLAN), wireless personal area network (WPAN), satellite (GNSS), and cellular M2M.
• By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional analysis
The global market for wireless connectivity is estimated to grow at a significant rate during the forecast period. Asia-Pacific is expected to dominate the market for wireless connectivity in the forecast period. China, Japan, India, and South Korea dominates the wireless connectivity market in Asia-Pacific. In Asia-Pacific, wireless connectivity market is been growing very rapidly as they growing with adoption of smartphones and other consumer electronic devices. Asia-Pacific has a largest adoption and utilization rate of samrtphones & tablets. Therefore, it is experiencing the largest market share. Moreover, the smart city project announcement in India and China is expected to drive the wireless connectivity market in Asia-Pacific during forecast period.
The wireless connectivity market in North America is also expected to grow at faster rate during the forecast period owing to the presence of major IT & Telecom vendors such as Qualcomm, Cisco Systems Inc, and Microchip in North America region. North america region also growing rapidly due to adoption of new technologies such as IoT and Artificial Intelligence.
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Intended Audience
• Original equipment manufacturers
• Wireless device manufacturers
• Software providers
• Component providers
• Manufacturers of electronic devices
• Investors
• Industrial end users
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 497199
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