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Wireless Connectivity Market by Connectivity Technology, Type And Geography - Global Forecast to 2023

Wireless Connectivity Market: Global Forecast until 2023

  • May 2018
  • 189 pages
  • ID: 5391632
In this report:
Among various wireless connectivity standards, the market for Wi-Fi devices is expected to grow from ##,##.## million units in 2018 to ##,##.## million units by 2023, at a CAGR of ##.##% between 2018 and 2023.
The market for dual-band Wi-Fi chipsets registered the largest shipment of ##.## million units in 2017; however, it is expected to decline and witness a shipment of ##.## million units by 2023, at a negative CAGR of ##.##% during the forecast period.

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The wireless connectivity market is forecasted to grow at a compound annual growth rate (CAGR) of ~13.4 percent between 2018 and 2023

The wireless connectivity market is forecasted to reach ~$95.7B by 2023 from ~$51.0B in 2018, at a compound annual growth rate (CAGR) of 13.42% during the forecast horizon. Advancements in the telecommunications sector and high adoption of smartphones, gained demand for wireless sensor networks for creating smart infrastructure, rised demand for low-power wide-area networks in IoT applications, and increase in the adoption of IoT are some main factors driving the increase of the wireless connectivity market. Nevertheless, the high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards are the restraints for the market increase.

The industry for chipsets established on LTE Cat-M1 technology is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period

LTE Cat-M1 is a cellular technology primarily designed for the Internet of Things or machine-to-machine (M2M) communication applications.Compared to other standard cellular technologies including 2G, 3G, or LTE Cat 1, LTE Cat-M1 allows longer battery life and extended range and deep penetration in buildings and basements.

The growth in the adoption of IoT/M2M communication solutions, the increase in the industry demand for longer connectivity, and the need for low-power consumption and low-cost connectivity technologies are driving the sector for chipsets established on LTE Cat-M1 technology.

WLAN-enabled chipsets held the biggest size of the wireless connectivity market in 2017

Modern WLANs are based on the IEEE 802.11 standards. Wi-Fi is an obvious choice for developers due to the pervasiveness of Wi-Fi within a home environment using LANs. The exponential increase in bandwidth, together with the increasing impact of Wi-Fi offload has created a significant demand for a higher throughput over a wireless local area network.

Asia-Pac is expected to display topmost cagr during the estimate period

The rising demand for smartphones and PC peripherals, growing awareness on the benefits of enhanced lifestyle and rised productivity, together with the increasing demand for advanced and latest wireless connectivity protocols in applications including consumer electronics, wearables, and industrial automation tools are the factors that are likely to result in the high rise of the wireless connectivity market in this area. Furthermore, governments of countries including China, India (IN), Japan (JP), and South Korea (KR) are aggressively taking initiatives including investing in Research and development to encourage the adoption of the Internet of Things and related connectivity technologies in the territory are forecast to steer the increase of wireless connectivity market in Asia Pacific (APAC) during the outlook period.

Key players' distribution profiles:

• By Company category: Tier 1 = 27.0 percent, Tier 2 = 41.0 percent, and Tier 3 = 32.0 percent

• By Description: C-suite executives = 26.0 percent, Directors = 40.0 percent, and Others = 34.0 percent

• By Area: North America continent = 47.0 percent, EU = 28.0 percent, Asia-Pacific = 19.0 percent, and RoW = 6.0 percent

Qualcomm, Intel, Broadcom, MediaTek, Texas Instruments, Cypress Semiconductor, NXP Semiconductors, STMicroelectronics, Microchip, and EnOcean are the main players in the wireless connectivity market.

Segment Research

• The market established on connectivity technology covers as Wi-Fi, Bluetooth, Bluetooth Smart Ready, Near Field Communication, LTE Cat-m1, NB-IoT, LoRa, and Sigfox.

• The market established on category includes the wireless local area network, wireless personal area network, Cellular, low-power wide-area network, and Satellite.

• The geographic study is done with regard to 4 main regions-North America, Europe (EU), Asia-Pac, and RoW. (RoW comprises South America region, and the Middle East (ME) and African continent).

Why Purchasing This Study Can Help You:

From an insight prospect, this market research is mostly focused on several levels of review, market ranking study of top actors, and value chain study. This industry report also offers the corporation reviews, which present the basic overviews on the competitive landscape, coming out and high-growth segments of the studied market, high-growth areas, and market dynamics including drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on different types of connectivity technologies and category provided by the top actors in the global wireless connectivity market.

• Product development/innovative products: Detailed insights regarding research and growth activities, emerging technologies, and launches of new product in the wireless connectivity market.

• Market development: Highlighted information about profitable emerging sectors, together with the study of the sectors for wireless connectivity technologies across localities.

• industry diversification: Complete information about recent products, untapped geographic regions, recent evolutions, and market investments in the global wireless connectivity market.

• opposing assessment: In-depth assessment of the ranking review, strategies, products, and manufacturing competences of the key players in the wireless connectivity market.

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