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Wi-Fi Module Market by Type (Router Scheme Wi-Fi Module & Embedded Wi-Fi Module), by Application (Smart Grid & Smart Appliance, Handheld Mobile Device, Medical & Industrial Testing Instrument and Router) - Global Opportunity Analysis and Industry Forecast

12-10-2018 04:18 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Wi-Fi Module Market

Wi-Fi Module Market

North America is expected to dominate the global Wi-Fi module market during the forecast period, owing to rise in adoption of smart appliances and increase in technological advancements such as IoT and cloud computing. Moreover, growth in use of smart devices has propelled the growth of the Wi-Fi module market in the region.

According to a recent report published by Allied Market Research, titled, Global Wi-Fi Module Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global Wi-Fi module market was valued at $26.48 billion in 2017, and is projected to reach at $59.14 billion by 2024, growing at a CAGR of 11.2% from 2018 to 2024.

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A Wi-Fi module is an independent system on a chip (SoC) that is integrated with the help of TCP/IP stack enabling microcontrollers to provide access to the Wi-Fi network. The main purpose of the Wi-Fi module is to connect numerous electronic devices to the internet mainly, smartphones, tablets, laptops, and other smart appliances that include household electronic devices such as washing machine, air-conditioner, water heater, smart television, refrigerator, and others.

A Wi-Fi Module is an independent system on a chip (SoC) integrated with transmission control & internet protocol stack that enables microcontrollers to provide access to the Wi-Fi network. Wi-Fi module is a functional unit that helps connect various electronic devices such as smartphones, tablets, laptops, and smart home appliances including air-conditioner, water heater, television, washing machine, and others, to the internet. The Wi-Fi module is used in various industries mainly scientific, industrial, commercial, and consumer applications.

The global Wi-Fi module market is segmented based on type, application, and region. By type, the market is segmented into router scheme Wi-Fi module and embedded Wi-Fi module. Further it is divided based on technology as smart grid & smart appliance, handheld mobile device, medical & industrial testing instrument and router. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Murata Manufacturing Co., Ltd., Taiyo Yuden Co., Ltd., Azure Wave Technologies, Inc., Silicon Laboratories Inc., Laird PLC, Broadlink, Advantech Co., Ltd., Shanghai MXCHIP Information Technology Co., Ltd., Silex Technology, Inc., Microchip Technology Inc. are some of the key players operating in the industry.

Adoption of cloud computing and rise in telecommunication, residential, and commercial sectors impact the growth of the market. However, increase in privacy and security issues affect the growth of the global Wi-Fi module market. These factors are anticipated to either drive or hamper the market growth.

In recent years, most of the industries are shifting towards cloud computing to reduce cost by eliminating various investments required for hardware storage and physical infrastructures. In addition, cloud computing provides various advantages such as viability, scalability, and swiftness. Moreover, data storage and retrieval are some of the added advantages of cloud computing. These factors help propel the market, as in the process of data transfer or storage on cloud the need for a Wi-Fi module is essential.

Growth in urbanization, rise in global population and technological advancements have increased the demand for internet, which creates lucrative growth opportunities for the Wi-Fi module market. For instance, smart home appliances are the major trend that is witnessed in recent years, which enable various devices that are utilized in daily household activities such as washing machines, televisions, smartphones, air-conditions, cooking range such as oven, microwave and others that connect with the help of Wi-Fi module.

LIST OF FIGURES

FIGURE 01. TOP IMPACTING FACTORS: WI-FI MODULE MARKET
FIGURE 02. TOP INVESTMENT POCKETS: WI-FI MODULE MARKET
FIGURE 03. LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 04. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 05. MODERATE-TO-HIGH THREATS TO NEW ENTRANTS
FIGURE 06. MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 07. MODERATE COMPETITIVE RIVALRY
FIGURE 08. MARKET SHARE ANALYSIS: WI-FI MODULE MARKET, 2017
FIGURE 09. COMPARATIVE ANALYSIS OF EMBEDDED WI-FI MODULE MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 10. COMPARATIVE ANALYSIS OF ROUTER BASED WIFI MODULE MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 11. COMPARATIVE ANALYSIS OF SMART GRID & SMART APPLIANCES MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 12. COMPARATIVE ANALYSIS OF HANDHELD MOBILE DEVICES MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 13. COMPARATIVE ANALYSIS OF MEDICAL & INDUSTRIAL TESTING INSTRUMENTS MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 14. COMPARATIVE ANALYSIS OF ROUTER MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 15. MURATA: NET SALES, 2015-2017 ($MILLION)
FIGURE 16. MURATA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 17. MURATA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 18. TAIYO YUDEN: NET SALES, 2015-2017 ($MILLION)
FIGURE 19. TAIYO YUDEN: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 20. TAIYO YUDEN: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 21. AZUREWAVE: NET SALES, 2015-2017 ($MILLION)
FIGURE 22. SILICON LABS: NET SALES, 2015-2017 ($MILLION)
FIGURE 23. SILICON LABS: REVENUE SHARE BY PRODUCT, 2017 (%)
FIGURE 24. SILICON LABS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 25. LAIRD: NET SALES, 2015-2017 ($MILLION)
FIGURE 26. LAIRD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 27. LAIRD: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 28. ADVANTECH: NET SALES, 2015-2017 ($MILLION)
FIGURE 29. ADVANTECH: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 30. ADVANTECH: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 31. MICROCHIP TECHNOLOGY: NET SALES, 2015-2017 ($MILLION)
FIGURE 32. MICROCHIP TECHNOLOGY: REVENUE SHARE BY PRODUCT, 2017 (%)
FIGURE 33. MICROCHIP TECHNOLOGY: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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