Wireless Connectivity Market 2019 by Global Leaders: Texas Instruments, Cypress Semiconductor, Microchip Technology, Nexcom International, Bernafon Canada, Intel

Market Research Future published a research report on “Wireless Connectivity Market Research Report- Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Synopsis

Globally, the wireless connectivity market is expected to grow from USD 45.21 billion in 2017 to USD 96.08 billion by 2023, at a CAGR of 13.4% during the forecast period 2018–2023. With rapid advancement in radio frequencies, internet, and IoT are making way into the market. Growing demand for IoT and increasing demand for cloud computing are expected to drive the wireless connectivity market during forecast period. Increased demand for wireless sensor networks for creating smart infrastructure, advancements in the telecommunications industry, and high adoption of smartphones is also expected to drive the wireless connectivity market during forecast period. However, high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards is expected to restrain the market during forecast period.

Wireless connectivity is a technique used for communication networks, enterprise connections, and homes to reduce the complex cable networks across buildings. The basis of wireless systems are radio waves which takes place at physical level of a network. Wireless connectivity use radio waves to connect the devices such as laptop to the Internet. GPS, Bluetooth, Wi-Fi are becoming universal for many devices such including smartphones. The business demand has grown for the wireless connectivity technologies to improve operational efficiency, faster decision making capability, and cost saving.

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By technology, the market is segmented into Bluetooth, Wi-Fi, GPS, ultra wide band, NFC, cellular, zigbee and others. Bluetooth is a wireless technology used to transfer data between two devices. The key features of Bluetooth are less power consumption, available at chip rate, and less complications. Wi-Fi is a type of radio wave that is broadcasted from a Wi-Fi router. It is a two way communication channel and works as similar as AM/FM radio. Wi-Fi consumes low power and is mainly used for long distances than infrared or Bluetooth. Zigbee is a open source global standard designed for transfering low-power digital radio signals for personal area networks. Zigbee is especially used for creating networks which requires low data rate, energy efficiency, and secured network. Zigbee is a system which is simple in design and less expensive than other network technologies such as Bluetooth.

Key Players

The prominent players in the market of Wireless connectivity market are – Texas Instruments Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Cypress Semiconductor Corporation (U.S.), Microchip Technology Inc. (U.S.), Qualcomm Incorporated. (U.S.), Weidmüller Interface GmbH & Co. (U.S.), Nexcom International Co., Ltd. (Taiwan), Bernafon Canada Ltd. (Canada), Intel Corporation. (U.S.) and MediaTek Inc. (Taiwan) among others.

Industry Segments

The worldwide wireless connectivity industry has been divided into deployment, technology and applications. The technology division includes Wi-Fi, GPS, Bluetooth, cellular, ultra wide band and others. The deployment category contains gateways, control devices, cloud and others. The application category consists of public safety, healthcare, energy, wearable devices, consumer electronics, automotive and others.

Regional Analysis

The region wise study of this market states that North America is anticipated to boost the market owing to the intense research and development activities in the field of wireless connectivity, growth of a number of IoT, high penetration of Internet of Things, and cloud start-ups in the region which is trailed by the European and Asia Pacific market. The Asia-Pacific region is anticipated to develop owing to growth in the level of investments in the internet of things sector and various other industry verticals such as healthcare, manufacturing and transportation among others. Surge in the number of mobile user and also of many wearable devices is estimated to contribute for the development of the wireless connectivity market. The North American region is estimated to hold the top market share due to the presence of early technology adopters in the region. The region is also helped by the existence of technologically progressive countries such as U.S. and Canada which are encouraging the wireless connectivity market.

Industry Updates:

Feb 2018 Ruckus Networks has declared recently that it has finalized an international original equipment manufacturing (OEM) agreement with Dell EMC. The agreement enables Dell EMC’s networking sales team and end-user clientele access to Ruckus’ brand presence and assortment of secure wireless connectivity solutions which is not accessible through other suppliers. Dell EMC will bring Ruckus’ range of wireless solutions as Dell-branded solutions comprising controllers, secure network access software, access points, virtualised and data analytics assets along with Ruckus IoT and CBRS LTE products.

Feb 2018 Airgain Inc which is a wireless connectivity platforms company, has recently agreed on a multi-year partnership with McLaren Technology Group to boost technological progression in the automotive sector. The association will permit the organizations to discover the co-creation of wireless connectivity solutions. Airgain will also help McLaren Racing incorporate technology on-car, off-car and at the McLaren Technology Centre. Airgain has an assortment of connectivity solutions and knowledge in antenna uses for public safety, government and enterprise uses.

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Intended Audience:

• Original equipment manufacturers
• Wireless device manufacturers
• Software providers
• Component providers
• Manufacturers of electronic devices
• Investors
• Industrial end users
• Research institutes

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