Global Wireless Connectivity Market to Grow at a CAGR of 13.42% During 2018-2023 - Driven by Increased Demand for Wireless Sensor Networks for Creating Smart Infrastructure
DUBLIN, May 21, 2018 /PRNewswire/ --
The "Wireless Connectivity Market by Connectivity Technology (Wi-Fi, Bluetooth Classic, Bluetooth Smart, NFC, ZigBee, Z-Wave, GNSS, LTE Cat-M1, NB-IoT, LoRa, Sigfox), Type (WLAN, WPAN, LPWAN), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The wireless connectivity market is expected to reach USD 95.66 Billion by 2023 from USD 50.96 Billion in 2018, at a CAGR of 13.42% during the forecast period.
Advancements in the telecommunications industry and high adoption of smartphones, increased demand for wireless sensor networks for creating smart infrastructure, increased demand for low-power wide-area (LPWA) networks in IoT applications, and rise in the adoption of IoT are some major factors driving the growth of the wireless connectivity market. However, the high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards are the restraints for the market growth.
LTE Cat-M1 is a cellular technology mainly designed for the Internet of Things (IoT) or machine-to-machine (M2M) communication applications. Compared to other standard cellular technologies such as 2G, 3G, or LTE Cat 1, LTE Cat-M1 enables longer battery life and extended range and deep penetration in buildings and basements. The increase in the adoption of IoT/M2M communication solutions, the rise in the demand for longer connectivity, and the need for low-power consumption and low-cost connectivity technologies are driving the market for chipsets based on LTE Cat-M1 technology.
Modern WLANs are based on the IEEE 802.11 (Wi-Fi) standards. Wi-Fi is an obvious choice for developers due to the pervasiveness of Wi-Fi within a home environment using LANs. The exponential growth in bandwidth, along with the growing impact of Wi-Fi offload has created a significant demand for a higher throughput over a wireless local area network.
The growing demand for smartphones and PC peripherals, rising awareness on the benefits of enhanced lifestyle and increased productivity, along with the growing demand for advanced and latest wireless connectivity protocols in applications such as consumer electronics, wearables, and industrial automation tools are the factors that are likely to result in the high growth of the wireless connectivity market in this region.
Moreover, governments of countries such as China, India, Japan, and South Korea are aggressively taking initiatives such as investing in R&D to encourage the adoption of the Internet of Things and related connectivity technologies in the region are expected to drive the growth of wireless connectivity market in Asia Pacific during the forecast period.
Qualcomm (US), Intel (US), Broadcom (US), MediaTek (Taiwan), Texas Instruments (US), Cypress Semiconductor (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Microchip (US), and EnOcean (Germany) are the major players in the wireless connectivity market.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Scope of the Study
1.3.1 Geographic Scope
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Wireless Connectivity Market
4.2 Wireless Connectivity Market for LPWAN, By Technology
4.3 Wireless Connectivity Market, By Connectivity Technology
4.4 Wireless Connectivity Market in APAC, By Connectivity Technology
4.5 Wireless Connectivity Market, By Country
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increased Demand for Wireless Sensor Networks for Creating Smart Infrastructure
5.1.1.2 Significant Increase in the Internet Penetration Rate
5.1.1.3 Advancements in the Telecommunications Industry and High Adoption of Smartphones
5.1.1.4 Rise in the Adoption of IoT
5.1.1.5 Increased Demand for Low-Power Wide-Area (LPWA) Networks in IoT Applications
5.1.2 Restraints
5.1.2.1 High Power Consumption by Wireless Sensors, Terminals, and Connected Devices
5.1.2.2 Lack of Uniform Communication Standards
5.1.3 Opportunities
5.1.3.1 Development of 5G Network
5.1.3.2 Proliferation of Wi-Fi as a Wireless Connectivity Standard in Consumer and Enterprise Sectors
5.1.3.3 Significant Financial Support From Governments Across the World for R&D in the Internet of Things
5.1.3.4 Emerging Need for Cross-Domain Applications
5.1.4 Challenges
5.1.4.1 Increasing Privacy and Security Concerns in the Age of IoT
6 Wireless Connectivity Market, By Connectivity Technology
6.1 Introduction
6.2 Wi-Fi
6.2.1 Wi-Fi, By Band
6.2.1.1 Single Band
6.2.1.2 Dual Band
6.2.1.3 Tri-Band
6.3 Bluetooth Classic
6.4 Bluetooth Smart
6.5 Bluetooth Smart Ready
6.6 Zigbee
6.7 Z-Wave
6.8 Near Field Communication (NFC)
6.9 Global Navigation Satellite System (GNSS)
6.10 Enocean
6.11 Cellular M2M Technologies
6.11.1 2G
6.11.2 3G
6.11.3 4G+
6.12 UWB (Ultra-Wideband)
6.13 Lora
6.14 Sigfox
6.15 Nb-Iot (Narrowband Iot)
6.16 LTE CAT M1
6.17 Others
7 Wireless Connectivity Market, By Type
7.1 Introduction
7.2 Wireless Local Area Network (WLAN)
7.3 Wireless Personal Area Network (WPAN)
7.4 Satellite (GNSS)
7.5 Low-Power Wide-Area Network (LPWAN)
7.6 Cellular M2M
8 Geographic Analysis
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 UK
8.3.2 France
8.3.3 Germany
8.3.4 Italy
8.3.5 Rest of Europe
8.4 Asia Pacific (APAC)
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 Rest of APAC
8.5 Rest of the World (RoW)
8.5.1 Middle East & Africa
8.5.2 South America
9 Competitive Landscape
9.1 Overview
9.2 Ranking Analysis
9.3 Competitive Situations and Trends
9.3.1 Product Launches and Developments
9.3.2 Agreements, Partnerships, Collaborations, and Contracts
9.3.3 Mergers & Acquisitions
10 Company Profiles
10.1 Key Players
10.1.1 Intel
10.1.2 Qualcomm
10.1.3 NXP Semiconductors
10.1.4 STMicroelectronics
10.1.5 Texas Instruments
10.1.6 Microchip Technology
10.1.7 Mediatek
10.1.8 Cypress Semiconductor
10.1.9 Broadcom
10.1.10 Enocean
10.2 Other Companies
10.2.1 Nexcom International Co. Ltd.
10.2.2 Skyworks Solutions Inc.
10.2.3 Murata Manufacturing Co. Ltd.
10.2.4 Marvell Technology Group Ltd.
10.2.5 Quantenna Communications Inc.
10.2.6 Renesas Electronics Corporation
10.2.7 Nordic Semiconductor
10.2.8 Ceva Inc.
10.2.9 Espressif Systems Pte. Ltd.
10.2.10 Peraso Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/research/2kxnj9/global_wireless?w=5
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