PUNE, India, October 19, 2016 /PRNewswire/ --
The report "Wireless Connectivity Market by Connectivity Technology (Wi-Fi, Bluetooth, ZigBee, NFC, Cellular, Enocean), Application (Wearable Devices, Healthcare, Automotive & Transportation, Consumer Electronics), and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market, in terms of value, is expected to grow from USD 14.84 Billion in 2015 to USD 24.69 Billion by 2022, at a CAGR of 7.6% between 2016 and 2022.
Browse 68 market data Tables and 61 Figures spread through 189 Pages and in-depth TOC on "Wireless Connectivity Market"
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The increasing Internet of Things enabled devices, machine to machine communication, need for real-time computing for time-critical process and the rising demand for connected devices largely drive the wireless connectivity market. The increasing business demand for enhanced operation efficiency, faster decision-making capability, and cost savings would make wireless connectivity technologies a dominant model for organizations across verticals in the future.
The market for Wi-Fi/ Bluetooth Smart combo technology is expected to grow at the highest CAGR during the forecast period
The market for Wi-Fi/ Bluetooth Smart technology is expected to grow at the highest rate during the forecast period. The growing market for consumer electronics and telecommunication is expected to drive the Wi-Fi/ Bluetooth Smart chips shipment in the coming years. The growing need for interoperability among different application is driving the market for combined technology that could support multiple devices and allow communication without any connectivity issues.
Consumer Electronics application to witness the highest market in the wireless connectivity market during the forecast period
The Wireless Connectivity Market for the consumer electronics application is expected to grow at the highest rate between 2016 and 2022. This is mainly because of the proliferation of Internet of Things and machine to machine communication which has created a huge market for IoT enabled devices in the market creating need for better connectivity technologies to support these devices.
North America expected to witness the highest market during the forecast period
The wireless connectivity market in the North America is expected to have highest market between 2016 and 2022. The market in the North America consists of developed economies such as the U.S. and Canada which have a huge potential for the applications of Internet of Things, which would create a market for wireless connectivity. The U.S. and Canada are among the most technically advanced countries in the world and are ahead in adopting new technologies, thus creating huge opportunities for the wireless connectivity in this region.
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The major players in the wireless connectivity market are Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Atmel Corp. (U.S.), Texas Instruments (U.S.), NXP Semiconductor N.V (Netherlands), STMicroelectronics N.V (Switzerland), MediaTek Inc. (Taiwan) Cypress Semiconductor Corporation (U.S.), EnOcean Gmbh (Germany), and NEXCOM International Co. Ltd. (Taiwan).
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