Wireless Connectivity Technology Market worth USD 150,375.9 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Wireless Connectivity Technology Market by Technology (Wi-Fi, Zigbee, Bluetooth, NFC, Cellular, and Others), by Application (Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, IT & Telecom, and Others), by Region – Global Share and Forecast to 2027".

The global wireless connectivity technology market size is expected to grow from USD 63,916.1 million in 2020 to USD 150,375.9 million by 2027, at a CAGR of 13.0% during the forecast period. IoT is growing rapidly and is expected to grow over the coming years. There are expected to be around 20 billion connected devices worldwide by December 2020. Integration of IoT in video surveillance for security and monitoring offers greater visibility over asset monitoring to improve safety and prevent critical loss through real-time management. This feature ensures a secured monitoring facility from any location with Wi-Fi access, security alerts, and real-time data capturing. For instance, the integration of IoT in video surveillance assists in working the intelligent transportation system. The rise in demand for integrated security and monitoring in the traffic management system and network encourages the governments of several countries to deploy smart monitoring systems for the intelligent transport model. This, in turn, the growth of the wireless connectivity technology market globally.

Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Wireless Connectivity Technology Market Research Report 2021-2027."

Get Free Sample Report: https://www.marketstatsville.com/request-sample/wireless-connectivity-technology-market

Global Wireless Connectivity Technology Market Segmentation
The overall wireless connectivity technology market has been segmented into technology, application, and region.

• By Technology (Wi-Fi, Zigbee, Bluetooth, NFC, Cellular, and Others)
• By Application (Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, IT & Telecom, and Others)
• By Region (US, Mexico, Canada, Germany, France, UK, Italy, Spain, China, India, South Korea, Japan, Southeast Asia, Australia, Saudi Arabia, Peru, South Africa, Qatar, UK, Nigeria, Israel, Brazil, Argentina)

Buy Now at 25% discount: https://www.marketstatsville.com/buy-now/wireless-connectivity-technology-market

The consumer electronics segment, by application, is estimated to hold the largest market share during the forecast period
The global wireless connectivity technology market based on application is categorized into consumer electronics, automotive & transportation, healthcare, aerospace & defense, IT & telecom, and others. The consumer electronics segment was the highest contributor of 24.7% in the global wireless connectivity technology market in 2020. Consumer electronics refers to home electronics devices. These devices are developed for everyday use—for instance, smartwatch, smart hearables, and others. The incorporation of wireless connectivity with electronic wearable devices drives the market.

The rise in investment in R&D on wearable devices is lucrative to create opportunities for wireless connectivity in the future. For instance, wireless in-ear computational earpieces are an example of intelligence IoT integrated amplification devices adopted recently and rapidly. An example is Apple’s AirPods, smart earbuds that connect to Apple devices and integrate with Siri via voice commands. Similarly, Google’s Pixel Buds give users direct access to the Google Assistant, connected over wireless connectivity, Bluetooth. Google Assistant seamlessly connects users to information stored in Google platforms, such as email and calendar management.

Don't miss out on business opportunities in Wireless Connectivity Technology Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

North America accounts for the largest market share in wireless connectivity technology market 2020
Based on the regions, the global wireless connectivity technology market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America was the highest revenue contributor of 37.2% in the global wireless connectivity technology market in 2020 and was anticipated to maintain its dominance throughout the forecast period. North America includes countries such as the U.S., Canada, and Mexico. North America is a major contributor, owing to advancements in technologies, innovations, and investments in the wireless connectivity industry in the region, which increases its market demand.
The growth of the wireless connectivity technology market in North America is attributed to increasing portable technologies' adoption under various applications in the region. In addition, the rise in the adoption of smartphones and smart wearables coupled with increased investment in the government also boosted the growth of the wireless connectivity technology market. Furthermore, an increase in investment in consumer electronics, aerospace, and defense, along with technological advancement in the healthcare industry, is expected to drive market growth during the forecast period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the wireless connectivity technology market. It also consists of leading companies such as NXP Semiconductors N.V., Qualcomm Incorporated, STMicroelectronics N.V., Intel Corporation, Texas Instruments Inc., Broadcom, Infineon Technologies AG, Renesas Electronics, Panasonic Corporation, and MediaTek Inc.

Browse complete report: https://www.marketstatsville.com/wireless-connectivity-technology-market

Contact Us:
Market Statsville Group
416, East Standsberry Street, Perkins, Oklahoma 74059, USA
USA: +1-580-205-2707 | +91 702 496 8807
Email: sales@marketstatsville.com
Web: www.marketstatsville.com

Content Source: https://www.marketstatsville.com/press-release/wireless-connectivity-technology-market

About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

This release was published on openPR.