The report Wireless Connectivity Market by(technology(Wi-Fi, Bluetooth technology, Z-wave, ZigBee, GPS, LTE Cat-M1, LoRa, Sigfox and NB-IoT)-by type (WLAN, WPAN, and LPWAN)-by application (Healthcare, it &telecommunication, automotive & transportation, wearable devices, consumer electronics, agriculture and industrial)-by region (Asia-Pacific, North America, Europe and Latin America)-is expected to grow US$ 94.90 billion by 2026 at a CAGR of 13.2%.
Wireless connectivity provides the operational efficiency and fast decision-making capability in the business domain owing to the high speed of data transmission through the wireless network. LTE Cat-M1 technology is expected to monitor high growth rate in wireless connectivity market owing to it providing low power consumption and low costing in wireless communication. Increasing demand for LTE Cat-M1 technology for wireless connectivity in an internet of things and machine to machine communication has resulted in its growth. Cat-M1 provides high bandwidth over NB-IoT technology and longer connectivity as well.
Wireless connectivity technology LoRa provides defined packet size. NB-IoT technology is used in mobile GSM infrastructure. Bluetooth technology is used for transferring data over a short distance. Wireless connectivity technology is used for transferring data from sender to receiver without any use of wire or cable.
Increasing demand of smartphone which supports the wireless connectivity such as Bluetooth, Wi-Fi and GPS and rising demand for adoption of wireless connectivity in the internet of things such as cloud, control devices and gateways for the network connection is driving the growth for the wireless connectivity market. A high power consumption of sensor and lack of information about communication standard protocol are limiting the wireless connectivity market growth.
Wi-Fi technology is expected to reach high growth rate in wireless connectivity market during forecast year (2018- 2026)
Wi-Fi technology is expected to reach high growth rate in wireless connectivity market during forecast year (2018- 2026) owing to Wi-Fi wireless connectivity being used widely in home environment through LAN network. Increasing demand for home devices such as smart tv, music system which are Wi-Fi enabled devices is further driving the market growth of Wi-Fi technology.
LPWAN based chipsets are expected to grow at the high CAGR during the forecast period.
LPWAN based chipsets are expected to grow at the high CAGR during the forecast period owing to an increase in demand of low power and longer connectivity solution in wireless connectivity. LPWAN is low power wide area network. LPWAN offers greater power efficiency in the machine to machine communication and internet of things networks. LPWAN can use over licensed or unlicensed frequencies. Sigfox is most widely used LPWAN.
Asia-Pacific region is expected to witness growth in wireless connectivity market during forecast year
Asia-Pacific region is expected to witness growth in wireless connectivity market during forecast year owing to an increase in demand for the smartphone which provides Bluetooth and Wi-Fi wireless connectivity. Followed by Asia-Pacific, North America is expected to grow immensely in the wireless connectivity market owing to rising demand for wireless connectivity in an internet of things by developing countries such as the US and Canada in this region
Some of the major key players for wireless technology market include MediaTek, Texas Instruments, Cypress Semiconductor, NXP Semiconductors, STMicroelectronics, Microchip technology EnOcean, NEXCOM corporation, Skyworks Solutions, Murata Manufacturing, Marvell Technology, Quantenna communication, Intel, Qualcomm
Maximize market research, a global market research firm with the dedicated team of specialists and data has carried out extensive research about the Wireless connectivity market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Wireless connectivity market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Field Programmable Gate Array market positioning of competitors.
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