Wireless Connectivity Market Scope
Wireless connectivity is a technique through which transmission of information is done without the use of complex cable system. This technology is widely used in consumer electronics, wearable devices, healthcare, automotive & transportation and internet of things (IoT) application. Various wireless connectivity systems are wireless local area networks (WLANs), satellite communication networks, cell phone networks, Bluetooth and others. Amid changing technologies and growing demand for effective wireless connectivity solutions, companies are focusing on developing low power wireless connectivity devices.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Broadcom [United States], Murata [Japan], Qualcomm Atheros [United States], CEVA, Inc. [United States], Mediatek Inc. [Taiwan], Intel Corporation [United States], Cypress Semiconductor Corporation [United States], Texas Instruments Inc. [United States], Atmel Corporation [United States], Stmicroelectronics N.V. [Switzerland], NXP Semiconductors N.V. [Netherlands] and Marvell [United States] |
CAGR | 11.0% |
The United States based Broadcom, one of the leading wireless communication service providers failed to buy Qualcomm and decided to become serial infrastructure software acquirer. In this regard Broadcom acquired CA Technologies in November 2018. The company intended to use CA technologies as a new software platform to carry out further merger and acquisition of similar software companies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wireless Connectivity market throughout the predicted period.
Broadcom [United States], Murata [Japan], Qualcomm Atheros [United States], CEVA, Inc. [United States], Mediatek Inc. [Taiwan], Intel Corporation [United States], Cypress Semiconductor Corporation [United States], Texas Instruments Inc. [United States], Atmel Corporation [United States], Stmicroelectronics N.V. [Switzerland], NXP Semiconductors N.V. [Netherlands] and Marvell [United States] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Quantenna Communications [United States], Renesas Electronics [Japan], Nordic Semiconductor [Norway], CEVA, Inc. [United States], Espressif Systems [China], Peraso Technologies [Canada], Microchip Technology [United States], EnOcean GmbH [Germany], NEXCOM International Co., Ltd. [Taiwan], Panasonic Corporation [Japan] and Weidmüller Interface GmbH & Co. KG [Germany].
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Wireless Connectivity market by Type and Region with country level break-up.
On the basis of geography, the market of Wireless Connectivity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Switzerland, Netherlands, Norway, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
September 2018 -: Intel acquired NetSpeed Systems in order to boost its system on a chip business. The deals of acquisition were not disclosed yet. and July 2018 -: Marvell announced that it has completed the acquisition of Cavium, a United States based semiconductor company. The company got CPU, networking and security assets as the result of this acquisition.
July 2018: Semiconductor maker giants Intel shares stumbled and fell by 8.8 % as company decided not to launch a key new chip technology until next year. This move made company vulnerable to its competitors who are moving ahead in this regard.
Federal Communications Commission (FCC) in the United States is working to allocate spectrum in way to encourage competition for wireless services. This has led to reasonable pricing for analog cellular services for consumer.
Influencing Trend:
Growing Acceptance of Cloud Computing and Rising Adoption has led to Automation Across Industries
Market Growth Drivers:
Growing Adoption of IoT Applications, Rising Smartphone Penetration and Rising Adoption of Wireless Sensors Networks in Smart Infrastructure
Challenges:
Security Risk and Privacy Concern and Lack of Uniform Communication Standards and Universal Laws
Restraints:
High Power Consumption By Devices and Radio Signals & Radiation Causing Malfunction Due to Over Dependency on Interfaces
Opportunities:
Technological Advancement Such as Emergence of 5G Technology, Rising Infrastructural Developments such as Smart Cities, Smart Metering, and and Electric Toll Collection System in Emerging Countries
Key Target Audience
Technology investors, Governments and financial institutions, Original equipment manufacturers (OEMs), Research institutes, Potential Investors and Others