[Research Report] The Wireless Connectivity market was valued at US$ 46,051.8 Million in 2018 and is projected to reach US$ 127,880.0 Million by 2027; it is expected to grow at a CAGR of 12.5% from 2020 to 2027.
In today’s world, with the rapid advancement in technology, existing communication network infrastructure prove to be incapable of handling the predicted surge in the number of connected devices as well as the data explosion around the globe. As a result, there is a massive demand for a more robust and reliable communication network infrastructure capable of handling this huge influx of data. Smart devices such as smartphones, wearables, etc. have become an integral part of an individual’s lifestyle in recent times and thus the use of wireless communication over Wi-Fi & cellular has also rapidly increased. The bolstering demand of IoT connectivity, security, mobile data traffic, and expansion of mobile apps is leading to the integration of cloud architecture with the mobile networks to enhance the flexible delivery of services with high speed. The businesses around the globe are transforming rapidly with increased digitization. Innovation in technology have created a business landscape of “Disrupt or be disrupted.” Therefore, the market players are adopting different strategies such as agility, low cost, rapid deployment, and other expansion strategies. Network security and data breaches are two significant concerns for the wireless connectivity industry. Cellular M2M (Machine-to-Machine) provides the ability to connect several devices and applications by enabling fixed assets, such as electric meters, or mobile assets, such as fleet vehicles. The cellular M2M segment is composed of different communications products and development services, including cellular routers and gateways. The cellular routers provide connectivity for devices over a cellular data network. They can be used as a cost-effective alternative to fixed phone line for primary or backup connectivity for remote sites and devices. The volatile growth of the internet industry coupled with demand for mobility is fueling a rapid rise in the demand for cellular routers.
North America dominated the Wireless Connectivity market in 2015, The market is propelled by the growing awareness of fitness and health, where wearable devices play an important role. The decreasing price of the wearable devices due to competition and advancement in technology are making the wearable devices economical. Further, escalating demand for several application sectors such as Wireless Connectivity for healthcare, security and fitness is boosting the demand for wearable devices in North America. The growing market of tablets and smartphones and tablets is allowing the integration of smartphones with wearable devices. Wrist wear segment of Wireless Connectivity captures the largest share of the market and is projected to lead the market during the predicted period. The inception of smart watches by companies such as Apple, Nike and Samsung among others has contributed to the growth of the market. North America has deep penetration for wearable devices due to early adoption of innovative technology.
Lucrative Regions for Wireless Connectivity Market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Increased demand of smart consumer devices will drive the wireless connectivity market
The consumer devices industry is witnessing immense growth in both developed and developing countries majorly due to advancements and smart features that are offered by the companies. In the current scenario, various consumer devices are used by consumers for a plethora of tasks. Consumer devices such as smartphones, tablets, PCs, TVs, washing machines, fridge, music players, etc. have become an integral part of consumers’ lives. All these devices are becoming smarter with the ongoing technological advancements and integration of IoT and AI. The market for consumer devices is continuously growing, owing to the fact that manufacturers are regularly coming up with advanced technologies and features in their devices and disposable income of consumers is rising.
Technology-Based Market Insights
On the basis of technology, the global wireless connectivity market is segmented into Wi-Fi, Bluetooth, cellular, Zigbee, GNSS, and others. The wireless communication technologies are the modern day alternatives to traditional wired communication practices. With the increasing number of devices demanding to get connected over the internet, it is practically impossible to have a wired connection for each and every device. Further by 2020, it has been estimated that the number of devices over the internet would exceed the human population. These factors have generated tremendous demand for wireless connectivity technologies to remove the hassles associated with wired communication systems.
End Use -Based Market Insights
On the basis of end use, the global wireless connectivity market is categorized into industrial, construction and infrastructure, energy and utilities, automotive & transportation, healthcare, consumer, and others. The ever-increasing penetration of advanced technologies such as artificial intelligence and Internet of Things (IoT) in every industry sector is contributing to the impressive growth of wireless technologies such as Wi-Fi, Cellular, Bluetooth, Zigbee, GNSS, Wi-Max and many others. The technologies are allowing businesses to prioritize and automate decision making, analyze big complex structured and unstructured data to provide deeper insights and improve efficiency by accurate planning. End-Users such as industrial, construction and infrastructure, energy and utilities, automotive & transportation, healthcare, and consumer among others generate huge amount of data ranging from operations data to customer feedbacks. Availability of massive data is a perfect condition for the application of technologies like artificial intelligence in various business processes.
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Wireless Connectivity Market: Strategic Insights
Market Size Value in US$ 46,051.8 Million in 2018 Market Size Value by US$ 127,880.0 Million by 2027 Growth rate CAGR of 12.5% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Wireless Connectivity Market: Strategic Insights
| Market Size Value in | US$ 46,051.8 Million in 2018 |
| Market Size Value by | US$ 127,880.0 Million by 2027 |
| Growth rate | CAGR of 12.5% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Broadcom, Inc., Intel Corporation, MediaTek Inc., Qualcomm Incorporated, and Texas Instruments Inc. are among the key players implementing strategies to enlarge the customer base and gain significant share in the global Wireless Connectivity market, which in turn permits them to maintain their brand name. A few of the recent key developments are:
- In 2018, Cypress has expanded its portfolio of Internet of Things (IoT) solutions with the addition of Cirrent, a leading provider of software and cloud services for consumer Wi-Fi® products. IoT companies use Cirrent’s software and cloud services to make their products easier to use, more reliable, and more secure..
- In 2019, Chipmaker Intel said that it is exiting the 5G modem business, effectively ceding the market for smartphones on the eve of what's expected to be the biggest wireless market technology transition in years..
Wireless Connectivity Market Segmentation:
By Technology
- Wi-Fi
- Bluetooth
- Cellular
- Zigbee
- GNSS
- Others
By End Use
- Industrial
- Construction & Infrastructure
- Energy & Utilities
- Automotive & Transportation
- Healthcare
- Consumer
- Others
Company Profiles
- Broadcom, Inc.
- Intel Corporation
- MediaTek Inc.
- Qualcomm Incorporated
- Texas Instruments Inc.
- Cypress Semiconductor Corporation
- Microchip Technology
- NXP Semiconductor N.V.
- Panasonic Corporation
- STMicroelectronics N.V.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Broadcom Inc.
- Cypress Semiconductor Corporation
- Intel Corporation
- MediaTek Inc.
- Microchip Technology Incorporated
- NXP Semiconductors N.V
- Panasonic Corporation
- Qualcomm Incorporated
- STMicroelectronics N.V.
- Texas Instruments Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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