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Wireless Connectivity Market by Connectivity Technology, Application, and Geography - Global Forecast to 2022
Wireless Connectivity Market by Connectivity Technology (Wi–Fi, Bluetooth, ZigBee, NFC, Cellular, Enocean), Application (Wearable Devices, Healthcare, Automotive & Transportation, Consumer Electronics), and Geography - Global Forecast to 2022
The wireless connectivity market, in terms of value, is expected to reach at USD 24.69 billion by 2022, at a CAGR of 7.6% between 2016 and 2022. Major drivers for the growth of wireless connectivity are increasing connectivity of the internet, growing demand for smartphones and other wirelessly connected devices, increasing market for cloud computing and IoT, and increasing demand for low-power wide-area networks (LPWA) network. However, lack of uniform communication standards and interference with other electromagnetic sources, physical object, and layered structure limit the growth of wireless connectivity technology, thereby acting as constraints for the growth of the wireless connectivity market.
“Wi–Fi wireless connectivity technology is expected to have highest market during the forecast period”
The Wi-Fi technology has been broadly accepted and has been used across the globe since its inception 16 years ago. Devices such as routers, repeaters, and modems, which have application in almost every sector be it commercial or residential, are the major consumers of the Wi-Fi chips. With growing IoT ecosystem, the market for connected devices is expected to grow during the forecast period. Telecommunication plays a very important role in providing connectivity to devices, such as smartphones, smart meters, and wearable, among others. The Wi-Fi Alliance is working on new type of Wi-Fi named Wi-Fi HaLow that works on new IEEE 802.ah standard and uses bandwidth of 900 MHz. It requires low power and can connect to a large number of devices, thereby making it as one of the ideal technologies for applications such building automation and healthcare.
“The market for wearable devices application is expected to grow at the highest CAGR during the forecast period”
Wearable devices application is expected to grow at the highest CAGR between 2016 and 2022. The proliferation of Internet of Things and benefits of wearable devices in tracking important vital related to health are increasing adoption of smart watches and activity trackers, thus driving the growth of wearable devices.
“Wireless connectivity market in APAC expected to grow at the highest rate”
APAC is expected to grow at the highest CAGR during the forecast period. It has the highest end user count among all regions and has the highest number of mobile phones users in the world making it a hub for Wi– Fi and cellular technology users. In addition, various government initiatives in the field of semiconductor and electronics by countries, such as China, Japan, South Korea, and India is making APAC region manufacturing hub for semiconductor and electronics industries.
Breakdown of profile of primary participants:
• By Company Type: Tier 1 - 43%, Tier 2 - 31%, and Tier 3 - 26%
• By Designation: C level - 38%, Director level - 34%, and others - 28%
• By Region: North America - 37%, Europe - 28%, APAC - 23%, and RoW - 12%
The companies profiled in the report are Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), NXP Semiconductor N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), Texas Instruments Inc. (U.S.), Atmel Corp. (U.S.), MediaTek Inc. (Taiwan), Cypress Semiconductor Corporation (U.S.), EnOcean GmbH (Germany), and NEXCOM International Co. Ltd. (Taiwan).
This report covers key connectivity technologies and application of the wireless connectivity market. The connectivity technology segment covers major wireless technologies as Wi–Fi, Bluetooth, Bluetooth Smart, Bluetooth Smart/Ant+, ZigBee, Near Field Communication (NFC), Global Navigation Satellite System (GNSS), EnOcean, Ant+, Cellular, On the basis of application the wireless connectivity market are segmented into wearable devices, healthcare, automotive & transportation, building automation, industrial, consumer electronics, agriculture, and telecommunication. The entire wireless connectivity market is divided on the basis of region into North America, Europe, APAC, and RoW.
Reasons to Buy the Report:
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the wireless connectivity market comprehensively and provides the closest approximations of the market sizes for the overall market segments and subsegments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.