Latest Trends in Wireless Connectivity Market By 2027: Leading Players Cypress Semiconductor Corporation, Intel Corporation, MediaTek Inc., Microchip Technology Incorporated

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.

With the growing integration of advanced technologies such as IoT and artificial intelligence in the next generation automobiles, the automotive sector is expected to contribute a significant part in the global wireless connectivity market. The applications of artificial intelligence in the automotive and transportation industry is driving the evolution of the next generation of intelligent automotive systems. The current advancements in Google's Driverless cars and Tesla's Autopilot features, it has been already proved that integration of these advanced technologies will drive the future of the automotive industry in the coming future.

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The applications of AI, IoT, 5G in the automotive is impacting automakers and transport companies worldwide, and this trend is expected to boost the wireless connectivity market in the coming years. There are major transformations being experienced by the automotive & transportation industry that include autonomous driving, road safety & traffic efficiency services, digitalization of transportation & logistics, intelligent navigation and information on the road. All these technologies require a robust wireless connectivity infrastructure that would enable two-way communication between vehicles while on the go. Hence, the advent of intelligent and smart automobile presents an excellent opportunity for the growth of the wireless connectivity market worldwide.

The global market for wireless connectivity market is anticipated to exhibit high growth in the near future. Some of the major driving factors contributing to the market growth include increasing demand for smart consumer devices and the proliferation of IoT and connected devices over the network. Also, an exponential rise in the number of wireless subscribers in India and China is expected to drive the wireless connectivity market significantly.

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However, the huge initial investment costs for installations and implementations coupled with data and privacy concerns in some of the leading end-use application sectors such as consumer & healthcare may adversely impact the growth of the market in the coming years. Despite the factors restraining the market growth, the surge in the number of connected devices as a result of IoT integration and also the accompanying influx of vast amounts of data post the advent of big data is projected to generate substantial demand opportunities for wireless connectivity technology implementations during the forecast period.

The key companies operating in the field of wireless connectivity market that are profiled in the report include Broadcom, Inc., Cypress Semiconductor Corporation, Intel Corporation, MediaTek Inc., Microchip Technology Incorporated, NXP Semiconductors N.V, Panasonic Corporation, Qualcomm Incorporated, STMicroelectronics N.V., and Texas instruments incorporated among others.

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Global Wireless Connectivity Market - By Technology
o Wi-Fi
o Bluetooth
o Cellular
o Zigbee
o GNSS
o Others

Global Wireless Connectivity Market - By End-Use
o Industrial
o Construction & Infrastructure
o Energy & Utilities
o Automotive & Transportation
o Healthcare
o Consumer
o Others

Reasons To buy

Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Wireless Connectivity Market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Pune, India

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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