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Wireless Connectivity Market: Current Business Trends & Growth Opportunities 2019-2025 | Qualcomm, Broadcom, MediaTek, Intel, Cypress Semiconductor, Texas Instruments
Wireless Connectivity Market
Wireless connectivity also improves the speed of data transmission compared to wired connectivity. The improved data speed helps enterprises to enhance their speed of operations, resulting in improvement of their overall efficiency. Increase in the number of cyber-attacks and data breach incidents may hamper the wireless connectivity market growth. The lack of standardization in communication standards may also affect the interoperability of diverse wireless networks.
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The major companies operating in the wireless connectivity market are forming strategic partnerships for the development of next generation 5G technology to use its improved bandwidth and low latency capabilities for better wireless connectivity. For instance, in February 2017, Intel partnered with Nokia for the development of 5G services by opening two 5G solution labs for testing. This partnership helped in accelerating the commercial readiness of the new wireless technology. Major players operating in the wireless connectivity market are Qualcomm, Broadcom, MediaTek, Intel, Cypress Semiconductor, Texas Instruments, Peraso Technologies, NXP Semiconductors, Espressif Systems, STMicroelectronics, Ceva, Microchip, Nordic Semiconductor, Marvell Technology, Skyworks Solutions, Renesas Electronics, NEXCOM, EnOcean, Atmel Corporation, and Quantenna Communications.
APAC wireless connectivity market is expected to show significant growth over the forecast period due to an increase in internet penetration and government support for the development of smart cities. According to the International Telecommunication Union (ITU), in 2017, 43.9% of the Asia Pacific population were using the internet. The increase in the adoption of smart cities is facilitating the increasing deployment of IoT devices across the developing countries including India and China. Many Chinese government institutions are collaborating with foreign companies to implement smart infrastructure in their cities.
North America is expected to dominate the wireless connectivity market over the forecast period due to increase in the number of wireless devices and early adoption of advanced technologies, such as cloud computing and IoT, in the region. For instance, according to the report ‘State of Wireless 2018’ released by CTIA, the U.S. wireless communications industry association, 400 million devices were in service in 2017, representing an increase in wireless penetration by 120.7% compared to 2016. The increase in the number of wireless devices is enabling enterprises to adopt wireless networks to provide uninterrupted connectivity to these devices. The presence of major technology companies in the region, which are continuously developing wireless technologies such as Intel, Qualcomm, and Broadcom is another reason assisting market growth.
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Wireless Connectivity Market, By Connectivity Type, 2014-2025 (USD Million)
o Wi-Fi
• Single Band
• Dual Band
• Tri–Band
• Wi-Fi HaLow
o Bluetooth
• Bluetooth Classic
• Bluetooth Smart
• Bluetooth Smart Ready
o Z-Wave
o ZigBee
o Near Field Communication (NFC)
o GPS/GNSS
o EnOcean
o Cellular
o 2G
o 3G
o 4G+
o LPWAN
o Others
Market, By Applications 2014-2025 (USD Million)
• IT & telecom
• Healthcare
• Energy
• Automotive
• Consumer Electronics
• Retail
• Public Safety
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