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Wireless Connectivity Market Size, Share Analysis, Trends, Research And Industry Forecast 2023-2032 | Intel Corporation, Texas Instruments Incorporated, Qualcomm Incorporated, Broadcom Inc., STMicroelectronics
Wireless Connectivity Market Report
The Business Research Company's Wireless Connectivity Global Market Report 2023 identifies Growing internet penetration rates as the major driver for the wireless connectivity market's growth in the forecast period. The internet penetration rate refers to the percentage of the total population of a given country or region that uses the internet. Due to the increase in internet users, the adoption of new technological devices by the users, such as phones, microphones, and digital cameras, has increased. Hence, growing internet penetration rates are expected to boost the wireless connectivity market.
The global wireless connectivity market size is expected to grow from $113.67 billion in 2022 to $127.58 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wireless connectivity market size is expected to reach $200.94 billion in 2027 at a CAGR of 12%.
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Major competitors in the wireless connectivity market are Intel Corporation, Texas Instruments Incorporated, Qualcomm Incorporated, Broadcom Inc., STMicroelectronics.
A key trend in the wireless connectivity market includes product innovation. Major companies operating in the wireless connectivity market are focused on innovating new technologies to sustain their position in the market. For instance, in 2020, Actiontec Electronics, a US-based provider of broadband solutions, launched a full suite of Wi-Fi 6 products for improved connectivity in offices and households. Actiontec's Wi-Fi 6 suite includes wireless gateways, routers, extenders, and repeaters, all of which provide carrier-grade performance and manageability. Broadband service providers may considerably improve the wireless experience for consumers at home with the help of Actiontec's Wi-Fi 6 devices, meeting their ever-increasing need for faster speed and device compatibility.
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The wireless connectivity market is segmented -
•By Type: LPWAN (Low Power Wide Area Network), Cellular M2M (Machine-to-machine), WPAN (Wireless Personal Area Network), Satellite (GNSS) Global Navigation Satellite System, WLAN (Wireless Local Area Network)
•By Deployment: Control Devices, Gateways, Cloud
•By Technology: Bluetooth, WI-FI, Ultra-Wideband, NFC, Cellular, Zigbee
•By End Use: Wearable Devices, Healthcare, Consumer Electronics, Building Automation, Automotive and Transportation, Other End Uses
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the wireless connectivity market.
The Business Research Company's "Global Wireless Connectivity Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wireless Connectivity Market Include:
1. Executive Summary
2. Wireless Connectivity Market Characteristics
3. Wireless Connectivity Market Trends And Strategies
4. Wireless Connectivity Market - Macro Economic Scenario
5. Wireless Connectivity Market Size And Growth
……
26. Africa Wireless Connectivity Market
27. Wireless Connectivity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wireless Connectivity Market
29. Wireless Connectivity Market Future Outlook and Potential Analysis
30. Appendix
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