Global Wireless Connectivity Market to Reach $280.6 Billion by 2030
The global market for Wireless Connectivity estimated at US$103.6 Billion in the year 2023, is expected to reach US$280.6 Billion by 2030, growing at a CAGR of 15.3% over the analysis period 2023-2030. Wireless Personal Area Network (WPAN), one of the segments analyzed in the report, is expected to record a 16.5% CAGR and reach US$108.2 Billion by the end of the analysis period. Growth in the Cellular Connectivity segment is estimated at 15.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $31.2 Billion, While China is Forecast to Grow at 14.1% CAGR
The Wireless Connectivity market in the U.S. is estimated at US$31.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$46.6 Billion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.9% and 12.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR.
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