Press release
Wireless Connectivity Market to be at Forefront by 2025
Various types of wireless technology and networks allow devices to send data to each other and to the web (TCP/IP networks) without cables. There are a number of different wireless technologies that can be implemented in hardware products for the Internet of Things (IoT) and Machine to Machine (M2M) communication. The Institute of Electrical and Electronics Engineers (IEEE) has divided these 802.15 wireless technologies into seven task groups that set the standards for common types of wireless connectivity used for personal area networks. These 802.15 wireless connectivity task groups include WPAN/Bluetooth, coexistence, high rate WPAN, low rate WPAN, mesh networking, body area networks, and visible light communication. Each of these IEEE protocol have its own distinctive advantages and limitations.
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Wireless Connectivity Market: Drivers and Challenges
Major factors driving the wireless connectivity market include rise in adoption of Internet of Things (IoT) and cloud computing, increase in demand for smart phones and other wireless technology devices such as Wi-Fi, Bluetooth and ZigBee, growth in connectivity of the internet and rapid increase in demand for low-power wide-area (LPWA) networks.
Few of the challenges faced by wireless connectivity market are lack of uniform communication principles, intervention with other electromagnetic sources, layered structure, and physical object that is hampering the growth of wireless connectivity technology. In addition to this, requirement of enhanced security of information and concession among features such as power consumption, data rates, and range for numerous wireless technologies are also negatively impacting the growth of wireless connectivity market.
Wireless Connectivity Market: Segmentation
Segmentation on the basis of technology:
Wi-Fi
Bluetooth
NFC
ZigBee
EnOcean
Cellular Technologies
Others
Segmentation on the basis of application:
Wearable Devices
IT and Telecommunications
Healthcare
Transportation
Consumer Electronics
Others
Wireless Connectivity Market: Key Players
Few of the companies in wireless connectivity market are: Qualcomm Technologies, Inc., Intel Corporation, Texas Instruments Incorporated, NXP Semiconductors N.V., Panasonic Corporation, Nexcom International Co., Ltd. and Atmel Corporation. Some of these companies have acquired SME’s which are into wireless connectivity solutions in order to strengthen their position in the wireless connectivity market.
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Wireless Connectivity Market: Regional Overview
Wireless connectivity market is currently dominated by North America region owing to technological advancements in the region; especially by US and Canada as they offer vast potential for application of internet of things (IoT). Asia Pacific region is fast picking up pace in the wireless connectivity market owing to several government initiatives taken by countries such as India, China and Japan in the field of electronics and telecommunications.
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