The global wireless connectivity market is poised for substantial growth, with a recent report from Future Market Insights projecting a market value of US$ 12 billion in 2022, compared to US$ 10 billion in 2021. The report forecasts a remarkable expansion at a CAGR of 14.1% from 2022 to 2032, resulting in a market value of US$ 345 billion by the end of the forecast period.
The surge in the wireless connectivity market can be attributed to several key factors, including the escalating investments in smart city projects and the widespread implementation of wireless sensors across diverse industries such as agriculture, automotive, and healthcare. The adoption of wireless technology, including Bluetooth, Wi-Fi, and GPS, has significantly contributed to this growth by reducing installation and operational costs for businesses.
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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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Regional Trends: The wireless connectivity market is witnessing substantial growth across regions. Governments and regulatory bodies are prioritizing the development of wireless infrastructure to facilitate seamless connectivity, driving market expansion.
“The growth potential of the wireless connectivity market is immense, driven by technological advancements, smart city initiatives, and the increasing adoption of wireless sensors. With the upcoming 5G era and the continuous expansion of the IoT landscape, we anticipate remarkable growth in the market size and opportunities for industry players,”
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
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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