Wireless Connectivity Market Size, Share Report, Analysis, Trends, 2030

The global wireless connectivity market size was worth around USD 71.60 Billion in 2022 and is predicted to grow to around USD  219.86 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 15.06% between 2023 and 2030.

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Global Wireless Connectivity Market: Overview

In order to reduce the intricate cable networks that are used in communication networks, homes, and other organizations wireless connectivity is used. Many electrical devices make use of wireless connectivity equipment. GPS, Wi-Fi, and Bluetooth are becoming universal for many devices such as mobile phones and smartphones.

Apart from this, wireless connectivity is also required for a variety of IoT applications such as control devices, gateways, and cloud computing. IoT devices make use of wireless connectivity to aid an access point from which data transfer and communication between two devices take place. In recent years, the business demand has grown for wireless connectivity to enhance operation efficiency, cost saving and to make faster decision-making capability.

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Global Wireless Connectivity Market: Segmentation

Global wireless connectivity is segmented into its technology, application, and by geography. On the basis of the technology, the global market is globally segregated into Wi-Fi, Bluetooth smart, Bluetooth smart/Ant+, NFC, EnOcean, cellular, Z-Wave, ISA100, Bluetooth, Wi-Fi/Bluetooth smart, ZigBee, GNSS, ANT+, WHART, and thread.

Based on the application, the wireless connectivity market is divided into wearable devices, automotive and transportation, consumer electronics, telecommunication, healthcare, building automation, agriculture, and industrial. The global market is diversified into various regions such as Asia-Pacific, Europe, North America, and the Rest of the World.

Wireless Connectivity Market Report Scope:

Global Wireless Connectivity Market: Growth Factors

The market segment that is contributing more is the consumer electronics application. It is mainly owing to the rise in IoT and machine-to-machine communication. The market for Wi-Fi/Bluetooth smart technology is growing rapidly. The telecommunication and the consumer electronics market are growing rapidly which in turn is increasing the demand for the wireless connectivity market.

The need for real-time computing and the demand for connected devices have majorly driven the wireless connectivity market. The other wireless technology devices that have boosted the market growth are ZigBee, Bluetooth, Wi-Fi, and the low-power wide-area (LPWA) networks. The lack of even communication principles is challenging the wireless connectivity network market growth. In addition to it, the interferences of other electromagnetic sources, physical objects, and the layered structure also hamper the evolution of wireless connectivity technology.

Global Wireless Connectivity Market: Competitive Players

The key market players in the wireless connectivity market are Qualcomm Incorporated, Texas Instruments, STMicroelectronics N.V, Cypress Semiconductor Corporation, NEXCOM International Co. Ltd., Intel Corporation, Atmel Corp., NXP Semiconductor N.V, MediaTek Inc. and EnOcean GmbH.

Global Wireless Connectivity Market: Regional Analysis

The region that is having the maximum market share is the North American region. Developed economies such as the US and Canada have a huge potential to help the market grow owing to the increase in the applications of the IoT.

These two regions are technically advanced countries and are open to adopting new technologies hence creating market opportunities for wireless connectivity. The Asia Pacific region is also contributing its share to the market growth. The government of the countries such as India, China, South Korea, and Japan is taking initiatives for the development of technologies that use wireless connectivity.

The global wireless connectivity market is led by players like:

• Qualcomm Incorporated
• Texas Instruments 
• STMicroelectronics N.V
• Cypress Semiconductor Corporation
• NEXCOM International Co. Ltd.
• Intel Corporation
• Atmel Corp.
• NXP Semiconductor N.V
• MediaTek Inc. 
• EnOcean GmbH.

The global wireless connectivity market is segmented as follows:

By Technology 

• Wi-Fi
• Bluetooth smart
• Bluetooth smart/Ant+
• NFC
• EnOcean
• cellular
• Z-Wave
• ISA100
• Bluetooth
• Wi-Fi/Bluetooth smart
• ZigBee
• GNSS
• ANT+
• WHART and thread

By Application

• Wearable Devices
• Automotive And Transportation
• Consumer Electronics
• Telecommunication
• Healthcare
• Building Automation
• Agriculture And Industrial

Global Wireless Connectivity Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.