According to a report recently released by Future Market Insights, the global wireless connectivity market is anticipated to reach a market value of $12 billion in 2022, up from $10 billion in 2021. The market is anticipated to grow at a CAGR of 14.1% from 2022 to 2032 and reach a market value of US$ 345 billion. The industry is expanding as a result of increased investments in smart city initiatives and the adoption of wireless sensors in a variety of sectors, including healthcare, automotive, and agriculture.
“It is predicted that demand for wireless connectivity will increase significantly over the next ten years as data-hungry consumers and business users both quickly expand their use of applications, content, and commerce.
The wireless connectivity market refers to the industry involved in the development, manufacturing, and sale of wireless communication technologies that enable devices to communicate with each other without the need for physical connections or wires. This includes technologies such as Bluetooth, Wi-Fi, Zigbee, NFC, and cellular connectivity.
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The wireless connectivity market has experienced significant growth in recent years due to the increasing demand for connected devices and the Internet of Things (IoT). As more devices become connected, the need for wireless connectivity solutions has also increased, leading to the development of new and improved technologies.
Competition Analysis
Players in the global Wireless Connectivity market are adopting various strategies to strengthen their position in the market. Acquisitions, partnerships, and agreements are some of the most adopted strategies. A notable development in the market is:
- In April 2022, Intel acquired a private 5G network provider Ananki, a startup created by the non-profit Open Networking Foundation (ONF) to focus on the commercialization of private 5G services based on open-source network technologies.
Some of the key players in the wireless connectivity market include
- Qualcomm,
- Intel,
- Broadcom,
- Texas Instruments,
- MediaTek,
- Cypress Semiconductor,
- NXP Semiconductors, and
- STMicroelectronics.
These companies develop and manufacture wireless connectivity solutions for a variety of applications, including smartphones, tablets, laptops, smart home devices, automotive, healthcare, and industrial automation.
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Key Segments Profiled in the Wireless Connectivity Market
Wireless Connectivity Market by Type:
- WLAN Wireless Connectivity
- WPAN Wireless Connectivity
- Satellite Wireless Connectivity
- LPWAN Wireless Connectivity
- Cellular M2M Wireless Connectivity
Wireless Connectivity Market by End User:
- Wireless Connectivity in Healthcare
- Wireless Connectivity in Wearable Devices
- Wireless Connectivity in Transportation and Automotive
- Wireless Connectivity in Consumer Electronics
- Wireless Connectivity in Building Automation
- Wireless Connectivity for Other End Users
Wireless Connectivity Market by Region:
- North America Wireless Connectivity Market
- Latin America Wireless Connectivity Market
- Europe Wireless Connectivity Market
- Asia Pacific Wireless Connectivity Market
- Middle East & Africa Wireless Connectivity Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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