2.4G Wireless Module Market Share Driven by IoT Expansion and Consumer Electronics Demand | Valuates Reports

2.4G Wireless Module Market Size
The global market for 2.4G Wireless Module was valued at US$ 9426 million in the year 2024 and is projected to reach a revised size of US$ 23010 million by 2031, growing at a CAGR of 13.6% during the forecast period.

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The 2.4G Wireless Module market is gaining momentum globally as the proliferation of connected devices fuels demand for compact, energy-efficient wireless communication solutions. Used in applications ranging from smart home devices to industrial systems, these modules offer reliable performance over a globally unlicensed frequency band, contributing to significant market size growth and shaping evolving market trends in IoT deployment and wireless connectivity.

By type, Wi-Fi modules currently dominate market share due to their broad adoption in consumer electronics, including smart TVs, tablets, and home automation systems. The growing use of Wi-Fi in both residential and commercial environments supports robust market growth as end-users seek seamless internet connectivity and integrated smart solutions. Bluetooth modules follow closely, favored for their low power consumption and convenience in short-range communications, especially in wearable technology, automotive infotainment, and portable health monitoring devices. Zigbee modules, although representing a smaller share, are growing steadily in smart energy and industrial automation environments due to their mesh networking capabilities and robust performance in high-interference conditions. The "Others" category, including proprietary and hybrid wireless protocols, contributes incrementally to market size through specialized applications and niche devices.

In terms of application, consumer electronics account for the largest share of the 2.4G wireless module market. The rising penetration of smart home devices, wireless peripherals, and connected entertainment systems is fueling consistent demand. Industrial automation is another strong segment, where wireless modules are integrated into monitoring systems, machine control units, and sensor networks to enable real-time communication and remote operation. Automotive applications are also gaining traction, driven by the adoption of wireless modules in vehicle connectivity systems, infotainment, and advanced driver-assistance technologies. Medical devices represent a growing share of the market, leveraging wireless modules for patient monitoring, diagnostics, and wearable health technologies. The "Others" segment, encompassing smart agriculture, logistics, and retail, adds additional layers to market growth through the expansion of wireless applications in emerging sectors.

Looking forward, the market forecast indicates continued expansion, supported by the increasing demand for interoperable, scalable, and energy-efficient communication in smart devices and industrial systems. The 2.4G Wireless Module market is poised for strong growth, driven by advancements in wireless standards, IoT integration, and the ongoing digital transformation across industries.

by Type

• Wi-Fi Module
• Bluetooth Module
• ZigbeeModule
• Others

by Application

• Consumer Electronics
• Industrial Automation
• Automotive
• Medical Devices
• Others

By Company

NXP Semiconductors, Texas Instruments, Dialog Semiconducto, Broadcom, Realtek, Qualcomm, Nordic Semiconductor, Infineon, Denvel Intelligent Electronic, Advantech, Felicomm, Agilelight, DreamLNK, Ebyte, Hope Microelectronics, Quectel, Espressif

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