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Wireless Connectivity Technology Market Anticipated to Reach $150.38 Billion By 2027 at a CAGR of 13.0% | Qualcomm Incorporated, Intel Corporation, NXP Semiconductors N.V., Texas Instruments, STMicroelectronics N.V., Broadcom and Many More
Wireless Connectivity Technology Market
According to the report published by Allied Market Research, the global wireless connectivity technology market generated $53.17 billion in 2019, and is projected to reach $150.38 billion by 2027, witnessing a CAGR of 13.0% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Avinash Savekar, a Lead Analyst, Semiconductor & Electronics at Allied Market Research, stated, "The wireless connectivity technology market size in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to rise in government initiatives for building smart cities in Asia-Pacific and upcoming long-term investments in smart technologies drive the growth of the Asia-Pacific market in Asia-Pacific. Moreover, technological development by the emerging economies in Asia-Pacific boosts the wireless connectivity technology market growth."
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COVID-19 Scenario:
1. The outbreak of the Covid-19 pandemic has had a positive impact on the growth of the global wireless connectivity technology market.
2. Due to implementation of work from home culture in the commercial sector and adoption of online sessions in the education sector, the global wireless connectivity technology market has grown to a next level during the pandemic.
The report offers detailed segmentation of the global wireless connectivity technology market based on application, technology, and region. Based on application, the market is segmented into consumer electronics, automotive, healthcare, aerospace & defense, and IT & telecom. Consumer electronics segment accounted for the largest share in 2020 and is estimated to maintain its leadership status throughout the forecast period.
Based on technology, the market is categorized into Wi-Fi, Bluetooth, Zigbee, NFC, and Cellular. The Wi-Fi segment accounted for the largest share in 2020, and is projected to maintain its lead position during the forecast period.
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Based on region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America accounted for the highest share. China was the major shareholder in the Asia-Pacific region, accounting for approximately 45.0% share in 2019.
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Major Market Players:
1. QUALCOMM INCORPORATED
2. INTEL CORPORATION
3. NXP SEMICONDUCTORS N.V.
4. TEXAS INSTRUMENTS INCORPORATED
5. STMICROELECTRONICS
6. MEDIATEK, INC.
7. PANASONIC CORPORATION
8. RENESAS ELECTRONICS
9. BROADCOM
10. INFINEON TECHNOLOGIES AG
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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