Press release
Wireless Connectivity Technology Market is projected to reach $150.38 billion by 2027, registering a CAGR of 13.0% from 2020 to 2027
According to a new report published by Report Ocean, titled, “Wireless Connectivity Technology Market By Technology, and Application: Opportunity Analysis and Industry Forecast, 2020–2027”, the global wireless connectivity technology market size was valued at $53.17 billion in 2019, and is projected to reach $150.38 billion by 2027, registering a CAGR of 13.0% from 2020 to 2027. North America accounted for the highest market share in 2019, followed by Asia-Pacific and Europe.GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1367
The wireless connectivity technology market is currently in its growth stage and is expected to register substantial growth in the near future, owing to high investment in R&D activities by market players and increase in focus toward Internet of Things (IoT) and 5G technology. Other factors that drive the market growth include advancements in wireless technology and surge in IoT technology for hyper-connectivity between devices in smart-infrastructure is expected to increase the demand for wireless networks in smart lighting.
Increase in demand for wireless communication is majorly driving the growth of the wireless connectivity technology market globally. Deployment of wireless connectivity in the telecommunication sector due to increase in demand for high bandwidth, internet speed in electronic devices such as smart phones and wearable devices for media exchange, video streaming, conferencing, and online gaming, enables high security transmission in communication.
Moreover, rise in need of safety in high risk areas, growth in transition from analog cameras to IP cameras, and integration of Internet of Things boosts the demand for imaging network devices. Furthermore, the industrial and aerospace & defense sectors contribute toward the market growth due to deploying wireless connectivity technology in industries for building automation and track the people from indoor and outdoor and for communication over long distance by radar and satellite systems.
Increase in trends toward the development of smart cities, smart infrastructure, and other smart devices is expected to offer lucrative opportunities for market expansion, which further propels the demand for unmanned vehicles in the transportation and automotive sectors. This is expected to create lucrative opportunities for the wireless connectivity technology market growth, owing to shift in preference of consumers from normal cars to smart driver’s assistant cars, which help in GPS navigation, blind spot detection, and avoids collision system.
However, factors such as high investment cost, installation cost, and lack of professional expertise, & environmental concern such as 5G hamper the market growth. The wireless connectivity technology market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to presence of the telecommunication industry. Moreover, rise in demand for 5G technologies in developing nations boosts the demand for medical imaging devices used for medical diagnosis. However, rise in competition in developing economies such as India is anticipated to influence the growth of the market.
Factors such as demand for wireless networks in development of smart infrastructure, growth in adoption of AI assistants, and integration of IoT in surveillance cameras drive the wireless connectivity technology market. However, high installation and maintenance cost in wireless network system hampers the market growth. Furthermore, emergence of IoT & AI technology for smart lightning and growth in development in smart city projects, especially in APAC, is expected to further increase the demand for wireless connectivity technology.
Despite the economic slowdowns, 5G demand in several industries has been accelerating. Online and essential retail, manufacturing, and healthcare (including physical, mental, and elderly care) are expected to utilize 5G technologies. With the enhanced capabilities of 5G, particularly private 5G networks for manufacturing and healthcare, the demand for 5G infrastructure is expected to rise, which may also create lucrative opportunities for the market globally.
By region, the wireless connectivity technology market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The wireless connectivity technology market analysis had identified that North America contributed maximum revenue in 2019, owing to rise in adoption of smartphones and smart wearables coupled with increased investment in the government also boost the growth of the market. The wireless connectivity technology market share in Asia-Pacific is expected to grow at a faster rate as compared to other regions.
Key Findings of the Study
In 2019, the Wi-Fi segment accounted for the maximum revenue and is projected to grow at a faster rate during the forecast period.
The healthcare segment witness the highest growth rate during the forecast period.
China was the major shareholder in the Asia-Pacific region, accounting for approximately 45.0% share in 2019.
The key players profiled in the report include Qualcomm Incorporated, Intel Corporation, NXP Semiconductors N.V., Texas Instruments Inc., STMicroelectronics N.V., Broadcom, Panasonic Corporation, Infineon Technologies AG, Renesas Electronics, and MediaTek Inc. These Market players have adopted various strategies such as product launch, collaboration, partnership, agreement, and acquisition to expand their foothold in the wireless connectivity technology industry.
READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1367
Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wireless Connectivity Technology Market is projected to reach $150.38 billion by 2027, registering a CAGR of 13.0% from 2020 to 2027 here
News-ID: 2243565 • Views: …
More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…

Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…

Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…

Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for IoT
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom - for complete manufactures list, please…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…