What is WiFi Modules Market?
A Wi-Fi Module is defined as the independent system on a chip which is integrated with transmission control & internet protocol stack. It improves microcontrollers in order to improve access to the Wi-Fi network. It helps to connect in the various platforms such as tablets, laptops, smartphones, and others. In addition, it is also used in various home applications such as water heater, television, washing machine, and others.
The market study is being classified by Type (Universal Wi-Fi Module, Router Scheme Wi-Fi Module and Embedded Wi-Fi Module), by Application (Smart Appliances, Medical and Industrial Testing Instruments, Smart Grid and Others) and major geographies with country level break-up.
Murata Manufacturing Co., Ltd. (Japan), Taiyo Yuden Co., Ltd. (Japan), AzureWave Technologies, Inc. (China), Texas Instruments Inc. (United States), Silicon Labs (Finland), LSR (Russia), RF Link Co., Ltd. (South Korea), BroadLink Co.,Ltd. (Japan), Advantech B+B SmartWorx Inc. (United States) and Xiaomi Corporation (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Silex Technology, Inc. (Japan), Microchip Technology Incorporated (United States), Shenzhen Longsys Electronics Co. Ltd. (China) and Particle Inc. (United States).
The Wi-Fi Module market is highly fragmented with several major players such as Murata Manufacturing Co., Ltd. (Japan), Taiyo Yuden Co., Ltd. (Japan), AzureWave Technologies, Inc. (China), among others Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global WiFi Modules market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global WiFi Modules market by Type, Application and Region.
On the basis of geography, the market of WiFi Modules 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, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand of Wireless Broadband and Rising Smartphone Users across the World
- Increasing use of Wi-Fi Modules in Various Application such as Smart Appliances, Handheld Mobile Devices, and others
Market Trend
- One of the Latest Trend of this Market is Increasing Adoption to Long-Term Evolution and Wi-Fi Access in Transportation Services Globally
Restraints
- Rising Concern about Network Performance and Increasing Availability of Public Hotspots
Opportunities
- Rising Investment in Communication Infrastructure and Increasing Preference for Online Services in Future
- Increasing Usage of Wi-Fi in Emerging Market such as China, India, Philippines, Brazil, among others
Challenges
- Concern regarding Lack of Skilled Personnel for WI-FI and Issue Related with Privacy Concerns
In 2018, according to the Federal communication commission (United States), it proposes new rules which allow devices to operate 6 GHz brand. Hence, these rules may act as a hamper for the growth of the market in the future.
Key Target Audience
Wi-Fi Module Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user