Press release
Wireless Connectivity Market 2020 Global Key Players: Cypress Semiconductor, Intel, STMicroelectronics NV, Renesas Electronics, Cisco Systems, Microchip Technology, AT&T
Market Synopsis
Wireless connectivity is a technique that is used for the purpose of curbing down complex cable networks across various buildings. This technique is used in enterprise connections, communication networks, and homes. The market for wireless connectivity boasts massive potential and is expected to grow in the coming years at a noteworthy rate. The potential of the market was assessed by Market Research Future (MRFR) and a thorough study was reported. The report states that the global Wireless Connectivity Market is expected to grow during the forecast period of 2018 to 2023 at annual compound rate of 13.4%. The market is furthermore anticipated to reach a valuation of USD 96.08 billion by 2023.
Some of the important drivers pushing the growth of the global market as identified by MRFR are the increasing demand for cloud computing and the booming growth rate of the Internet of Things (IoT). Additionally, other factors influencing a positive influence over the market are: cost saving, high adoption rate of smartphones, continuous advancements in the telecommunications industry, improved and speedy decision-making capabilities, increasing demand for wireless sensor networks to create smart infrastructures, and enhanced operational efficiency level. On the flip side, some of the other key factors reducing the potential growth of the global market are the high-power consumption by wireless sensors, connected devices, and terminals and lack of uniform communication standards.
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Key Players
The key players in the wireless connectivity market are QUALCOMM Inc. (US), Cisco Systems Inc (US), Microchip Technology Inc. (US), Texas Instruments Inc. (US), Cypress Semiconductor Corporation (US), Intel Corporation (US), NXP Semiconductors (Netherlands), AT&T Inc. (US), STMicroelectronics NV (Switzerland), and Renesas Electronics Corporation (Japan) among others.
Segmentation
The global wireless connectivity market segmentation is based upon the following key dynamics: deployment, technology, applications, and type.
• By technology, the market includes Wi-Fi, cellular, GPS, zigbee, Bluetooth, ultra-wide band, NFC, and others.
• By application, the market segments into wearable devices, healthcare, consumer electronics, public safety, energy, automotive, and others.
• By deployment, the market comprises gateways, control devices, cloud, and others.
• By type, the market breaks down into wireless personal area network (WPAN), wireless local area network (WLAN), cellular M2M, and satellite (GNSS).
Regional analysis
The global wireless connectivity market is geographically segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW).
The global market is projected to grow during the forecast period at a healthy rate as have been mentioned above. The Asia Pacific region holds the dominant portion of the wireless connectivity market and contributes to the overall growth of the market. Countries like South Korea, Japan, China, and India contribute majorly to the region’s proliferating growth and standings. The market in Asia Pacific is growing at a rapid pace due to the increasing adoption of smartphones and various other electronic devices. The region holds the highest adoption and utilization rate when it comes to tablets and smartphones, thereby enjoying a massive share of the market. Additionally, the announcement of smart city projects in India and China is anticipated to boost the global wireless connectivity market during the assessment period.
In North America, the market is expected to flourish as well and at a faster rate due to the presence of various leading and prominent IT & Telecom vendors like Microchip, Qualcomm, Cisco Systems Inc, and others. The region is also growing at a rapid pace due to the adoption of major new technologies like AI and IoT.
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Intended Audience
• Original equipment manufacturers
• Wireless device manufacturers
• Software providers
• Component providers
• Manufacturers of electronic devices
• Investors
• Industrial end users
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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