Request Discount

Wireless Connectivity Market (Application - Healthcare, Wearable Devices, Automotive and Transportation, and Consumer Electronics; Technology - WiFi, Bluetooth, NFC, ZigBee, EnOcean, Cellular Technologies, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : ICT01263

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on wireless connectivity market provides in-depth analysis of segments and sub-segments in the global as well as regional wireless connectivity market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional wireless connectivity market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global wireless connectivity market. According to the report, the global wireless connectivity market is projected to grow at a CAGR of 13.46% over the forecast period of 2020-2026.

 

Market Insight

Wireless connectivity for voice calls has created an entirely new industry. Wireless connectivity is a network of flexible data communication systems, which minimizes the need for wired connections. Wireless connectivity uses electromagnetic waves to communicate information. The world has increasingly become mobile over the past decade. The traditional connectivity technologies have proven inadequate to meet the challenges posed by our new collective lifestyle. Wireless connectivity allows more free movement on the part of the network user. As a result, wireless technologies are gaining popularity over traditional wired networks.

 

The OEMs integrate the wireless connectivity components in their devices such as smartphones, tablets, laptops, modems, and routers. The OEMs are facing several challenges during the COVID-19 pandemic. The governments in several countries have imposed lockdown orders, restricting the business functions of various organizations to control the pandemic. This has reduced or even stopped the production of wireless devices in several countries. Furthermore, the demand for wireless devices and other electronic products have declined in the period of COVID19. This is mainly due to the growing economic uncertainty in several developing as well as developed economies. However, the ease of government restrictions and monetary supply by the government to boost the economy is expected to boost the manufacturing of wireless devices. The growing adoption of wireless connecting devices and the Internet of Things is driving the growth of the wireless connectivity market. IoT uses sensors and connects devices to the internet through wireless connectivity for information exchange and communications, in order to achieve intelligent recognition, location, tracking, monitoring, and management. Furthermore, the increasing penetration of the internet and smartphones is another major growth driver for the wireless connectivity market. Smartphones use different types of wireless connectivity technologies to access the internet and to collect and share data. However, the high power consumption by wireless sensors and connected devices is a major restraining factor that will likely affect their adoption, and in turn, the growth of the market. Energy consumption of connected and the sensors can be greater than the energy consumption of other electronic components or even greater than the energy consumption of the whole system. Moreover, rapid technological advancement in 5G technology is providing significant growth opportunities for the market.

 

Asia-Pacific generated the largest revenue in the global wireless connectivity market. Moreover, Asia-Pacific is expected to grow at the fastest rate over the forecast period. The Asia-Pacific market is largely driven by technological advancements and internet penetration rates in developing economies, such as China and India. Furthermore, the rise in the inclination of consumers toward advanced technological products is likely to boost the wireless connectivity market in this region in the near future.

 


Wireless Connectivity Market



Segment Covered

The report on the global wireless connectivity market covers segments such as application, and technology. On the basis of application, the sub-markets include healthcare, wearable devices, automotive and transportation, and consumer electronics. On the basis of technology, the sub-markets include wifi, bluetooth, nfc, zigbee, enocean, cellular technologies, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Intel Corporation, Texas Instruments Incorporated, Qualcomm Incorporated, STMicroelectronics N.V, NXP Semiconductors N.V, Microchip Technology Inc., Renesas Electronics Corporation, Skyworks Solutions, Murata Manufacturing Co, and Infineon Technologies AG.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the wireless connectivity market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount