Press release
Wireless Module Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Wireless Module Market
What Is the Projected Growth of the Wireless Module Market?
There has been a swift expansion in the wireless module market size in the past few years. It is projected to increase from a value of $7.02 billion in 2024 to $8.00 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 13.9%. The remarkable growth in the earlier period can be linked to factors such as the surge in mobile communication, proliferation of the Internet of Things (IoT), growing demand for smart home appliances, widening of cellular networks, increased industrial automation, and escalating need for remote supervision and management in sectors like healthcare and agriculture.The market for wireless modules is predicted to experience a swift expansion in the forthcoming years, escalating to $13.28 billion by 2029 with a compound annual growth rate (CAGR) of 13.5%. Factors contributing to the growth in the future are an escalating demand for IoT devices, the development of smart cities, the broadening acceptance of industrial automation, the evolution of interconnected healthcare solutions, the spread of connected vehicles, and rising want for instantaneous data analysis and distant supervision. Moving forward, the sector is anticipated to witness trends like the enhancement of data transmission speeds through 5G integration, progress in power efficiency for IoT gadgets, adoption of compact designs, emergence of extensive-range communication technologies like LoRa and Zigbee, AI integration for smart data processing, and advancements in multi-band systems.
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What Are the Different Wireless Module Market Segments?
The wireless module market covered in this report is segmented -
1) By Type: Router, Wi-Fi Module, Embedded Wi-Fi Module
2) By Technology: Low-Power Wide-Area Network (LPWAN), 5G, 4G Or Long Term Evolution (LTE), Other Technologies
3) By Application: Remote Control, Public Safety, Wireless Payment, Transportation, Smart Meter Reading, Other Applications
4) By End-Use: Residential, Industrial, Commercial, Consumer Electronics
Subsegments:
1) By Router: Industrial Routers, Enterprise Routers, Consumer Routers, Mobile Hotspot Routers
2) By Wi-Fi Module: Dual-Band Wi-Fi Modules, Single-Band Wi-Fi Modules, Long-Range Wi-Fi Modules
3) By Embedded Wi-Fi Module: Surface Mount Wi-Fi Modules, Through-Hole Wi-Fi Modules, System-on-Module (SoM) Wi-Fi Modules
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What Are the Primary Drivers Shaping the Wireless Module Market?
The surge in IoT device use is anticipated to catalyze the expansion of the wireless module industry moving forward. IoT gadgets are interconnected items fitted with sensors and software, communicating over the internet and facilitating automation and data spread across multiple applications like homes, industries, and healthcare facilities. This rise in IoT device usage is mainly attributed to the escalating necessity for connectivity, automation, and data-driven decision-making in a variety of sectors. Wireless modules are crucial for IoT appliances, facilitating smooth data transference and communication among smart devices for effective automated processes. For example, Ericsson, a network and telecommunications firm based in Sweden, projected in November 2022 that the count of IoT-connected gadgets will surge to 34.7 billion by 2028, a substantial increase from 13.2 billion in 2022. Consequently, the growth in IoT device uptake is propelling the expansion of the wireless module market.
Which Companies Are Leading in the Wireless Module Market?
Major companies operating in the wireless module market are Huawei Technologies Co. Ltd., Xiaomi Corporation, CODICO GmbH, ZTE Corporation, Murata Manufacturing Co. Ltd., Microchip Technology Inc., Taiyo Yuden Co. Ltd., Quectel Wireless Solutions Co. Ltd., Advantech Co. Ltd., u-blox AG, Silicon Laboratories Inc., Digi International Inc., Telit Communications plc, AzureWave Technologies Inc., Shenzhen Longsys Electronics Co. Ltd., Laird Technologies Inc., Silex Technology Inc., Particle Industries Inc., Adafruit Industries LLC, Sierra Wireless Inc., Option N.V., Mipot S.p.A., Shanghai MXCHIP Information Technology Co. Ltd.
What Are the Major Trends Shaping the Wireless Module Market?
Key players in the wireless module market, like the China-based SIMCom, are focusing on adopting cutting-edge technologies like multi-band support to boost compatibility and deliver uninterrupted connectivity across a wide variety of applications. Multi-band technology facilitates devices operating across various frequency bands, ensuring uninterrupted communication over diverse networks. As an example, in November 2024, SIMCom introduced its wireless communication module series-SIM8230, part of the RedCap (reduced capability) range. The module's integration with NTN connectivity has the potential to expand IoT networks in remote or underserved regions by tapping into satellite and aerial networks. This merging of 5G and NTN could lead to robust worldwide coverage, reduced latency, and enhanced reliability for essential IoT applications in fields ranging from smart cities to industrial automation.
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What Are the Top Revenue-Generating Geographies in the Wireless Module Market?
Asia-Pacific was the largest region in the wireless module market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Wireless Module Market?
2. What is the CAGR expected in the Wireless Module Market?
3. What Are the Key Innovations Transforming the Wireless Module Industry?
4. Which Region Is Leading the Wireless Module Market?
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