The global wireless connectivity market is poised for substantial growth, with a recent report from Future Market Insights projecting a market value of US$ 12 billion in 2022, compared to US$ 10 billion in 2021. The report forecasts a remarkable expansion at a CAGR of 14.1% from 2022 to 2032, resulting in a market value of US$ 345 billion by the end of the forecast period.
The surge in the wireless connectivity market can be attributed to several key factors, including the escalating investments in smart city projects and the widespread implementation of wireless sensors across diverse industries such as agriculture, automotive, and healthcare. The adoption of wireless technology, including Bluetooth, Wi-Fi, and GPS, has significantly contributed to this growth by reducing installation and operational costs for businesses.
– Ready to Gain Knowledge? Grab Your Insights Sample! : https://www.futuremarketinsights.com/reports/sample/rep-gb-15088
Competition Analysis
Players in the global Wireless Connectivity market are adopting various strategies to strengthen their position in the market. Acquisitions, partnerships, and agreements are some of the most adopted strategies. A notable development in the market is:
- In April 2022, Intel acquired a private 5G network provider Ananki, a startup created by the non-profit Open Networking Foundation (ONF) to focus on the commercialization of private 5G services based on open-source network technologies.
Some of the key players in the wireless connectivity market include
- Qualcomm,
- Intel,
- Broadcom,
- Texas Instruments,
- MediaTek,
- Cypress Semiconductor,
- NXP Semiconductors, and
- STMicroelectronics.
These companies develop and manufacture wireless connectivity solutions for a variety of applications, including smartphones, tablets, laptops, smart home devices, automotive, healthcare, and industrial automation.
– Uncover Opportunities: Secure Your Customized Regional Data and Competitive Landscape Report : https://www.futuremarketinsights.com/customization-available/rep-gb-15088
Regional Trends: The wireless connectivity market is witnessing substantial growth across regions. Governments and regulatory bodies are prioritizing the development of wireless infrastructure to facilitate seamless connectivity, driving market expansion.
“The growth potential of the wireless connectivity market is immense, driven by technological advancements, smart city initiatives, and the increasing adoption of wireless sensors. With the upcoming 5G era and the continuous expansion of the IoT landscape, we anticipate remarkable growth in the market size and opportunities for industry players,”
Key Segments Profiled in the Wireless Connectivity Market
Wireless Connectivity Market by Type:
- WLAN Wireless Connectivity
- WPAN Wireless Connectivity
- Satellite Wireless Connectivity
- LPWAN Wireless Connectivity
- Cellular M2M Wireless Connectivity
Wireless Connectivity Market by End User:
- Wireless Connectivity in Healthcare
- Wireless Connectivity in Wearable Devices
- Wireless Connectivity in Transportation and Automotive
- Wireless Connectivity in Consumer Electronics
- Wireless Connectivity in Building Automation
- Wireless Connectivity for Other End Users
Wireless Connectivity Market by Region:
- North America Wireless Connectivity Market
- Latin America Wireless Connectivity Market
- Europe Wireless Connectivity Market
- Asia Pacific Wireless Connectivity Market
- Middle East & Africa Wireless Connectivity Market
– Unlock Strategic Knowledge: Get Instant Access to Our Detailed Report : https://www.futuremarketinsights.com/checkout/15088
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube