Wireless Connectivity Market Research Report Information Based on Technology (Bluetooth, WiFi, GPS, Ultra-Wide, NFC, cellular, ZigBee, SigFox, Lora and Others), By Type (WLAN, WPAN, Satellite and Cellular M2M), By Application (Healthcare, Public safety, w

Wireless Connectivity Market Research Report Information Based on Technology (Bluetooth, WiFi, GPS, Ultra-Wide, NFC, cellular, ZigBee, SigFox, Lora and Others), By Type (WLAN, WPAN, Satellite and Cellular M2M), By Application (Healthcare, Public safety, wearable devices, energy, automotive, consumer electronics and others) and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Global Forecast till 2030

The Wireless Connectivity industry is expected to develop at a CAGR of 13.14% during the forecast period. The global wireless connectivity market is predicted to increase significantly over the forecast period, owing to rising demand for cloud computing and related technologies.

The wireless connection market's end user segments include consumer electronics, wearable technology, energy, healthcare, and public safety. This is caused by a variety of variables, including the proliferation of cloud computing environments and the acceleration of the digital transition under COVID-19. The market is growing as wireless connectivity becomes more prevalent.

Over the last decade, the wealthier countries of North America and Europe have experienced a fast increase in internet penetration. According to global internet usage data, 54.2% of internet users will be in Asia by 2022, 13.9% in Europe, and 6.5% in North America. Middle Eastern and African countries are seeing the biggest growth in internet usage. Internet usage is growing, even on mobile devices. The rising need for internet access is expected to drive up demand for smart devices that incorporate wireless networking technology. Machine-to-machine (M2M) connectivity is expected to more than double globally during the next five years. Delivery trucks, industrial facilities, and warehouse asset tracking systems all use M2M connections.

Market Segment insights

According to technology, the worldwide Wireless Connectivity market is divided into Bluetooth, WiFi, GPS, Ultra-Wide, NFC, cellular, ZigBee, SigFox, Lora, and Others.

The global wireless connectivity market is divided into four types: WLAN, WPAN, Satellite, and Cellular M2M.

The market is segmented by application, including healthcare, public safety, wearable devices, energy, automotive, consumer electronics, and others.

Regional insights

Asia-Pacific has the greatest market share (31.9%), followed by North America (27.9%). Because of the increasing rate of public technology use, North America dominates the worldwide wireless connection industry in terms of revenue. Consumer expenditure and regional consumer behavior both help to drive market expansion. Energy, agriculture, and other growth-oriented sectors are likely to be important drivers of the wireless connection industry.

In Europe, the market is expanding primarily as a result of increased internet and smartphone usage, broad adoption of cloud computing and Internet of Things (IoT)-enabled platforms, and extensive use of wireless sensors in smart infrastructure. This is influenced by how many people are aware of the benefits of wireless communication, as well as the demand for low-power wide-area (LPWA) networks. As a result of governments' good efforts to construct smart cities, manufacturers have been driven to include a variety of wireless security cameras for asset monitoring, as well as smart lighting technologies, which serve as another growth driver. The market is also expanding because to the advancement of artificial intelligence (AI) solutions and the widespread adoption of ZigBee, thread, and near-field communication (NFC) technologies.

Spain, Holland, Denmark, Italy, and other countries are included in the remainder of Europe. The industrial IoT market is becoming increasingly important as the end user sector adopts artificial intelligence (AI) and machine learning (ML). The increased risk of device theft and data breaches is projected to limit the industrial IoT business. Global digitization and increased internet usage have created opportunities for the industrial IoT market. So the market is expanding.

Major Players

Texas Instruments Inc., Cypress Semiconductor Corporation, Intel Corporation, AT&T Inc., STMicroelectronics NV, Renesas Electronics Corporation, Mediatek, Broadcom, Enocean, Nexcom International Co., Ltd., and Ceva, Inc. are among the key players in the Wireless Connectivity market.