Wireless Module Market Share Driven by Communication Integration and Smart Infrastructure Expansion | Valuates Reports

Wireless Module Market Size
The global market for Wireless Module was valued at US$ 6313 million in the year 2024 and is projected to reach a revised size of US$ 13470 million by 2031, growing at a CAGR of 11.6% during the forecast period.

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The Wireless Module market is expanding rapidly as demand surges for connected systems across public safety, smart transportation, and industrial automation. These compact, embedded modules serve as vital enablers of wireless data transmission and real-time device communication, fueling consistent market size growth and shaping key market trends around IoT, mobile connectivity, and machine-to-machine (M2M) interactions.

By type, communication modules hold a dominant share of the market, driven by their widespread adoption in wireless payment systems, smart meters, and connected public infrastructure. These modules enable seamless long-range and short-range data exchange over cellular, Wi-Fi, and LPWAN networks, making them essential for secure, high-speed communication across diverse applications. Positioning modules, though smaller in share, are gaining steady market growth due to their critical role in location tracking, asset monitoring, and navigation solutions in transportation, public safety, and logistics.

In terms of application, remote control systems represent a key contributor to market share, as wireless modules enable real-time operation of drones, robotics, home automation devices, and industrial machines. Public safety is another vital segment, where modules are integrated into emergency response networks, surveillance systems, and critical communication platforms to ensure reliable, secure transmission. Wireless payment systems-used in mobile POS terminals, NFC-enabled devices, and contactless cards-continue to drive strong growth, supported by expanding adoption in retail and banking sectors. The transportation segment benefits from the integration of wireless modules into vehicle telematics, fleet tracking, and intelligent traffic systems, enhancing both efficiency and safety. Smart meter reading contributes to consistent growth as utility providers upgrade to remote, automated monitoring for electricity, gas, and water usage. The "Others" category, covering environmental monitoring, smart agriculture, and industrial IoT, adds to overall market size through the diversification of connected use cases.

Looking ahead, the market forecast points to robust growth, propelled by the expansion of 5G networks, edge computing, and global smart infrastructure initiatives. The Wireless Module market is poised to remain a cornerstone of digital transformation across sectors, with communication and positioning capabilities continuing to evolve to meet the demands of a hyper-connected world.

Segment by Type

• Communication Module
• Positioning Module

Segment by Application

• Remote Control
• Public Safety
• Wireless Payment
• Transportation
• Smart Meter Reading
• Others

By Company
Sierra Wireless, Gemalto (Thales Group), Quectel, Telit, Huawei, Sunsea Group, LG Innotek, U-blox, Fibocom wireless Inc., Neoway

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