Wireless Connectivity Market 2025 - Detail Analysis Focusing on Application, Connectivity Type and Regional Outlook
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.
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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.
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.
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The wireless connectivity market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025 for the following segments:
By Connectivity Type, 2014-2025 (USD Million)
• Single Band
• Dual Band
• Wi-Fi HaLow
• Bluetooth Classic
• Bluetooth Smart
• Bluetooth Smart Ready
o Near Field Communication (NFC)
By Applications 2014-2025 (USD Million)
• IT & telecom
• Consumer Electronics
• Public Safety
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