Wireless Connectivity Market Outlook to 2027 - Atmel, Cirrus Logic, Dialog Semiconductor, Digi International, Espressif Systems, Freescale Semiconductor, GainSpan, HiSilicon, Lantronix, Lattice Semiconductor, Marvell Technology, Newracom, Redpine Signals

The global wireless connectivity market was valued at US$ 46.1 Bn in 2018 and is expected to reach US$ 127.9 Bn by 2027 with a CAGR growth rate of 12.5% in the forecast period from 2019 to 2027.

North America is one of the leading geographic regions in the wireless connectivity market and is anticipated to be the largest revenue contributor throughout the forecast period after the Asia Pacific. Being a technologically advanced region, coupled with high disposable income of consumers, the consumer, automotive and other industries have blossomed in this region. In North America, the adoption of advanced technologies such as AI, IoT, AR, and VR is also very high across industry verticals. The density of consumer electronics devices in the region is quite high. Smartphones, tablets, Personal Computers, music players, DVD players, Television sets, washing machines, and other home-based electronic devices have found a broader user base in North America. Thus, penetration of connected and smart devices is also very high in the North America region. Automobile ownership is quite widespread in the North American continent with more than 90% of households in the U.S. and 80% of households in Canada owning at least one vehicle. The high density of automobile sector and adoption of AT and IoT in autonomous vehicles is anticipated to boost the demand for wireless connectivity technologies. Both consumer electronics and automotive sector offer great opportunities for market players in the wireless connectivity market.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Wireless Connectivity Market

• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

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Market Insights : Consumer segment led the Wireless Connectivity Market in 2018, and it is expected to continue its dominance during the forecast period:

In the current scenario, various consumer devices are used by consumers for a plethora of tasks. Consumer devices such as smartphones, tablets, PCs, TVs, washing machines, fridge, music players, etc. have become an integral part of consumers’ lives. All these devices are becoming smarter with the ongoing technological advancements and integration of IoT and AI. The market for consumer devices is continuously growing, owing to the fact that manufacturers are regularly coming up with advanced technologies and features in their devices and disposable income of consumers is also rising.

Furthermore, wearable devices account for one of the fastest-growing segments of the IoT connected device industry. Advanced enterprises consider wearables as an exceptional opportunity for mobile technology that can drive greater efficiency, improve workflow and enhance communication. The technological developments and availability of smart features in consumer devices are expected to fuel the demand for consumer devices in the coming years. This is one of the key factors responsible for driving the wireless connectivity market, especially in the consumer segment during the forecast period of 2019 to 2027.

Leading Key Players in Wireless Connectivity Market:

1. Atmel
2. Cirrus Logic
3. Dialog Semiconductor
4. Digi International
5. Espressif Systems
6. Freescale Semiconductor
7. GainSpan
8. HiSilicon Technologies
9. Lantronix
10. Lattice Semiconductor
11. Marvell Technology Group
12. Newracom
13. Qorvo Inc
14. Realtek Semiconductor
15. Redpine Signals
16. Renesas Electronics Corporation
17. SemTech
18. Sequans Communications S.A.
19. Shenzhen Walmate Electronics Co., Ltd.
20. Silicon Labs
21. Skyworks Solutions Inc.
22. S-Power Electronics Ltd.
23. Spreadtrum Communications

Market initiatives by the players propelling the growth of Wireless Connectivity Market:

In the global wireless connectivity market, new market initiative is a strategy adopted by various companies to expand their footprint across the world and meet the growing demand of customers. The market players present in the wireless connectivity market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, and funding, companies are expanding their footprint in the wireless connectivity market. Most of the wireless connectivity market initiatives were observed in Asia Pacific, North America, and Europe regions, which have high adoption rate of advanced technologies such as IoT and AI.

Segment by Technology Type Insights:

The global wireless connectivity market is segmented on the basis of technology into Wi-Fi, Bluetooth, cellular, Zigbee, GNSS, and others. The other wireless connectivity technologies include Li-Fi, LoRaWAN, NFC, Wi-Max, EnOcean, and Z-Wave among others. The growing importance of wireless communication technologies and more prominently the IoT, practically all electronic systems have the demand for wireless connectivity. With the increasing number of devices demanding to get connected over the internet, it is almost impossible to have a wired connection for every device. Further by 2020, it has been estimated that the number of devices over the internet would exceed the human population. These factors have generated tremendous demand for wireless connectivity technologies to remove the hassles associated with wired communication systems and thus contributing to the growth of wireless connectivity market.

Segment by End-User Insights:

On the basis of end-use, the global wireless connectivity market is categorized into industrial, construction and infrastructure, energy and utilities, automotive & transportation, healthcare, consumer, and others. The ever-increasing penetration of advanced technologies such as artificial intelligence and Internet of Things (IoT) in every industry sector is contributing to the impressive growth of wireless technologies such as Wi-Fi, Cellular, Bluetooth, Zigbee, GNSS, Wi-Max and many others. These technologies are allowing businesses to prioritize and automate decision making, analyze big complex structured and unstructured data to provide deeper insights and improve efficiency by accurate planning.

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Strategic Insights
Market initiative was observed as the most adopted strategy in the global wireless connectivity market. Few of the recent market initiatives in the wireless connectivity market are listed below:

2019: Chipmaker Intel said that it is exiting the 5G modem business, effectively ceding the market for smartphones on the eve of what's expected to be the biggest wireless market technology transition in years.

2019: Intel announced its plans to expand the Oregon factory to produce 7nm chip. Intel’s new factory will be the third phase of D1X, a massive factory Intel began in 2010. Each of the first two phases were 1.1. Million square feet, creating a combined facility equivalent to 15 Costco warehouse stores.

2019: Qualcomm unveiled Snapdragon 855 at its Snapdragon Tech Summit in Hawaii. With improved performance, 5G support, and built-in artificial intelligence, the Snapdragon 855 is expected to be the processor powering a majority of flagship Android smartphones.

Global Wireless Connectivity Market Segmentation

By Technology
• Wi-Fi
• Bluetooth
• Cellular
• Zigbee
• GNSS
• Others

By End-Use
• Industrial
• Construction & Infrastructure
• Energy & Utilities
• Automotive & Transportation
• Healthcare
• Consumer
• Others

By Geography
• North America
o U.S.
o Canada
o Mexico

• Europe
o France
o Germany
o Italy
o Russia
o UK
o Rest of Europe

• Asia Pacific (APAC)
o South Korea
o China
o India
o Australia
o Japan
o Rest of Asia Pacific

• Middle East and Africa (MEA)
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA

• South America
o Brazil
o Argentina
o Rest of South America (SAM)

Why to Buy this research report:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Wireless Connectivity Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Wireless Connectivity Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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This release was published on openPR.