[305 Pages Report] A recently published report by Future Market Insights reveals that the global wireless connectivity market is expected to secure a market value worth US$ 12 Billion in 2022, compared to US$ 10 Billion in 2021. From 2022 to 2032, the market is expected to expand at a CAGR of 14.1% while garnering a market value worth US$ 345 Billion. The growth of the industry can be attributed to the growing investments in smart city projects and the implementation of wireless sensors across various industries such as agriculture, automotive, and healthcare.
“Demand within the wireless connectivity market is estimated to upsurge rapidly in the coming decade as data-hungry consumers and enterprise users both swiftly expand communications and usage of applications, content, and commerce. Adoption of Bluetooth and wi-fi enabled devices like smart home platforms like Alexa is gaining huge traction in the developing countries.”
| Attributes | Details |
|---|---|
| Wireless Connectivity Market CAGR (2022 to 2032) | 14.1% |
| Wireless Connectivity Market Size (2022) | US$ 12 Billion |
| Wireless Connectivity Market (2032) | US$ 345 Billion |
The healthy growth in data communications linked with smart home and industrial robotics will facilitate growth within consumer and industrial IoT respectively. Furthermore, broadband services will also drive growth in revenue in various operational support areas such as the need for IoT billing and settlement.
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Growing adoption of wireless technology, like Bluetooth, Wi-Fi, and GPS is as well expanding the growth scope of the wireless connectivity market. Wireless systems usually decrease the burden of bulky cables, thus slashing the cost of installation and operation across various business enterprises.
The arrival of 5G is as well expected to improve the growth prospect for the wireless connectivity industry. Several agencies across the globe are persistently working towards improving the 5G infrastructure across respective economies. For instance, the Federal Communications Commission, 2020 made a priority-based announcement to ensure the wireless industry has the tools it requires to uphold U.S leadership in commercial 5G enactment.
Besides, the growing adoption of wireless sensors in smart homes and offices is another factor driving the demand for wireless connectivity. Developments in various wireless connectivity technologies such as ZigBee, BLE, Z-Wave, and EnOcean are encouraging the rapid deployment of wireless sensors in domestic and industrial spaces. These sensors are extensively used in several applications ranging from homes to office buildings, while high-end precision sensors are utilized in several industries and laboratories. Therefore, the increasing demand for affordable smart wireless sensors is likely to drive the growth of the market for BLE chipset/devices as these devices can be paired with Smart Ready devices.
The demand for wireless technologies is propelled by countless developments in the wireless communications industry, such as imminent long-term evolution (LTE), improved adoption of smart devices, higher mobility, and explosive development in mobile data traffic. Novel wireless technologies request more spectrum and more energy. LTE and 5G are the fastest-growing mobile technologies and would continue to evolve in the future.
With the mounting number of connected devices, the need for high-speed internet connectivity has become one of the most imperative parameters in digitally progressive workplaces. With 3G becoming the absolute wireless broadband technology and 4G rapidly increasing its prospects across numerous applications, the industry concentration has shifted toward the advancement of the 5G technology. It is estimated to become the next stage of development across the highly dynamic broadband industry. As pondered by leading network providers, the 5G network infrastructure would support release connectivity of ≥1 Gbps in the coming years.
Principal Consultant
Sensors and other peripherals are substantial power consumers. The energy consumption rate for sensors in a wireless sensor network varies based on the protocols the sensors utilize for communication. While technologies such as ultra-low-power processors, tiny mobile sensors, and wireless networking are available, there is a necessity for competent power management and optical power consumption in IoT devices.
Connectivity load is another grave issue since several devices need to be connected at the same time. For instance, an average smart home may comprise 50–100 connected appliances, lights, thermostats, and other devices, respectively with their power necessities. Devices such as smart meters are also used to make the line power efficient. As a recurrent manual spare of the batteries of thousands of sensors, actuators, and other connected devices within IoT systems is not viable, the key snag is the power management of devices using wireless technologies, such as Wi-Fi.
Consumer Electronics to catch Service Providers’ Eyes in the Forthcoming Future
Owing to growing automation and increasing implementation of technology in gadgets like ACs. Smart TVs, etc to make them easily accessible is bolstering demand for consumer electronics. Besides, swelling sales of netbooks, media tablets, and other “always connected” consumer and industrial electronics products mean equally robust performance in markets for wireless connectivity ICs. Future Market Insights forecasts that shipments of wireless connectivity chipsets will reach a total of approximately three billion units by the end of 2032, a 13.5% shipment increase compared to 2021.
This trend is likely to continue in the coming years, backed by the increasing adoption of smart gadgets among fitness enthusiasts and millennials. Bluetooth upheld its lead among all wireless connectivity chipset categories. Wi-Fi connectivity bags second place with approximately 38% market share. They are likely to attain the highest growth rate among connectivity chipsets, with a 13.5% CAGR between 2022 and 2032.
For technology applications, the swelling demand for Wi-Fi-enabled mobile and consumer electronics gadgets is a principal engine driving market growth. Nowadays almost every netbook, media tablet, and gaming console have Wi-Fi embedded, and in 2021 shipments of Wi-Fi-enabled consumer devices showed an increase of about 15% compared to 2016.
WPAN-based Chipsets likely to capture the Largest Share
The wireless personal area network connectivity technology is based on the IEEE 802.15.4 standard. WPAN is a small area and low bandwidth networking technology that allows transmission within a very short range, which is nearly 10 meters. Tools supporting WPAN comprise Bluetooth, ultra-wideband (UWB), ZigBee, Z-Wave, and Thread. ZigBee is used to create personal area networks with small and low-power digital radios. It has a communication distance of 10–100 meters. ZigBee runs at a frequency of 2.4 GHz. It is ideal for applications that require long battery life, secure networking, sturdiness, and a low data transfer rate.
The development of the market for WPAN-enabled chipsets is encouraged by the advent of the 5th generation of Bluetooth wireless technology. Bluetooth 5 is touted to be 2X faster for low-power applications than the previous version, Bluetooth 4.0. The launch of Bluetooth 5 was a significant milestone in the development not only of the standard in general but also for the arrival of services based on Bluetooth beacons. For users, smartphones and tablets that support the standard of Bluetooth 5.0 have been announced in the market.
A recently published report by Future Market Insights states that the WPAN segment is estimated to expand at a CAGR of 13.6% throughout the forecast period.
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Future Market Insights reported that the U.S market for wireless connectivity is expected to acquire US$ 90 Billion by 2032, and is prophesied to rise at a 13.9% CAGR over the forecast period owing to the increasing adoption of WSN, especially in the military and defense divisions. Besides, the presence of prominent companies will encourage growth in the country.
Another prominent reason for the progressive market growth is the robust demand for improving in-building network connectivity in the country. The United States has a large number of subscribers owning more than one connected device; the aspects such as growing automation, increasing adoption of the Internet of Things (IoT) platform, increasing cellular M2M connections, and rising demand for on-demand video services would propel the wireless connectivity market growth.
Early implementation of new technologies, such as machine-to-machine interaction, and IoT-enabled devices, along with the presence of key industrial players, would lead to high growth in the U.S wireless connectivity market.
Prominent player Nokia is expanding its industrial connectivity edge-centric solution portfolio with the Digital Automation Cloud Wi-Fi Solution in the United States and other regions. The company is offering new solutions like Wi-Fi 6, and 6E for connecting non-business critical use cases and private 4.9G/LTE and 5G to support critical Industry 4.0 applications.
China held the largest customer base in 2021, backed by the digital technologies adoption which has greater potential for transformation. Since the IoT market is experiencing healthy growth, the wireless connectivity chip market in APAC is likely to expand at a significant rate stimulated by the largest concentration of the global population in China & India. Henceforth, the amount of new M2M connections per year, the demand for smart consumer devices, and the necessity for the industrial revolution are higher in this country.
Rendering to the fact of a large population base, coupled with linked issues such as those of healthcare and energy management, the wireless connectivity technologies seem to uphold more prospects to enhance the standard of living and transform the industrial sector in China. Moreover, capital investments by the Chinese government in the development and modernization of businesses have augmented the penetration rate of IoT-connected devices, which include connectivity ICs. For instance, In July 2022, the Chinese government-backed institute Purple Mountain Laboratories achieved a 6G-level wireless transmission up to a speed of 206.25 gigabits per second for the first time in a lab environment.
Future Market Insights forecast that the Chinese Market for Wireless Connectivity is estimated to reach US$ 25 Billion by 2032, following a CAGR of 13.4% throughout the forecast period.
| Countries | Expected CAGR |
|---|---|
| USA | 13.9% |
| UK | 12.8% |
| China | 13.4% |
| Japan | 12.3% |
| South Korea | 11.6% |
Players in the global Wireless Connectivity market are adopting various strategies to strengthen their position in the market. Acquisitions, partnerships, and agreements are some of the most adopted strategies. A notable development in the market is:
| Report Attributes | Details |
|---|---|
| Growth Rate | 14.1% CAGR from 2022 to 2032 |
| Market Value for 2022 | US$ 12 Billion |
| Market Value for 2032 | US$ 345 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD billion for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Report Customization & Pricing | Available upon Request |
The market for wireless connectivity is expected to exhibit a CAGR of 14.1% from 2022 to 2032.
The wireless connectivity market is estimated to be valued at US$ 12 Billion in 2022.
The wireless connectivity market in the U.S is expected to garner US$ 90 Billion by 2032.
In the wireless connectivity market, Japan is projected to reach US$ 4 billion by 2032.
By end-user, consumer electronics are expected to be dominate the market, with a CAGR of 13.5% during the forecast period.
The WPAN segment is expected to dominate the wireless connectivity market, displaying a CAGR of 13.6%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
4.1. Global Market (US$ Mn)
4.2. Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Protective Coatings Market Growth
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.1. Historical Market Analysis, 2015-2021
6.2. Current and Future Market Projections, 2022-2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2021
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032
8.3.1. WLAN
8.3.2. WPAN
8.3.3. Satellite
8.3.4. LPWAN
8.3.5. Cellular M2M
8.4. Market Attractiveness Analysis By Type
9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By End-User
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By End-User, 2015-2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-User, 2022-2032
9.3.1. Healthcare
9.3.2. Wearable devices
9.3.3. Transportation and automotives
9.3.4. Consumer electronics
9.3.5. Bulding automation
9.3.6. Others
9.4. Market Attractiveness Analysis By End-User
10. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021
10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2015-2021 and Forecast 2022-2032
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.1.3. Rest of North America
11.4.2. By Type
11.4.3. By End-User
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Type
11.5.3. By End-User
12. Latin America Market Analysis 2015-2021 and Forecast 2022-2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Type
12.4.3. By End-User
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Type
12.5.3. By End-User
13. Europe Market Analysis 2015-2021 and Forecast 2022-2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. France
13.4.1.3. U.K.
13.4.1.4. Italy
13.4.1.5. Benelux
13.4.1.6. Nordic Countries
13.4.1.7. Rest of Europe
13.4.2. By Type
13.4.3. By End-User
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By End-User
14. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
14.4.1. By Country
14.4.1.1. China
14.4.1.2. Japan
14.4.1.3. South Korea
14.4.1.4. Rest of Asia Pacific
14.4.2. By Type
14.4.3. By End-User
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By End-User
15. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. South Africa
15.4.1.3. Turkey
15.4.1.4. Rest of Middle East and Africa
15.4.2. By Type
15.4.3. By End-User
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By End-User
16. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. US Market Analysis
16.2.1. Value Proportion Analysis by Market Taxonomy
16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.2.2.1. By Type
16.2.2.2. By End-User
16.3. Canada Market Analysis
16.3.1. Value Proportion Analysis by Market Taxonomy
16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.3.2.1. By Type
16.3.2.2. By End-User
16.4. Mexico Market Analysis
16.4.1. Value Proportion Analysis by Market Taxonomy
16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.4.2.1. By Type
16.4.2.2. By End-User
16.5. Brazil Market Analysis
16.5.1. Value Proportion Analysis by Market Taxonomy
16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.5.2.1. By Type
16.5.2.2. By End-User
16.6. Germany Market Analysis
16.6.1. Value Proportion Analysis by Market Taxonomy
16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.6.2.1. By Type
16.6.2.2. By End-User
16.7. France Market Analysis
16.7.1. Value Proportion Analysis by Market Taxonomy
16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.7.2.1. By Type
16.7.2.2. By End-User
16.8. Italy Market Analysis
16.8.1. Value Proportion Analysis by Market Taxonomy
16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.8.2.1. By Type
16.8.2.2. By End-User
16.9. BENELUX Market Analysis
16.9.1. Value Proportion Analysis by Market Taxonomy
16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.9.2.1. By Type
16.9.2.2. By End-User
16.10. UK Market Analysis
16.10.1. Value Proportion Analysis by Market Taxonomy
16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.10.2.1. By Type
16.10.2.2. By End-User
16.11. Nordic Countries Market Analysis
16.11.1. Value Proportion Analysis by Market Taxonomy
16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.11.2.1. By Type
16.11.2.2. By End-User
16.12. China Market Analysis
16.12.1. Value Proportion Analysis by Market Taxonomy
16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.12.2.1. By Type
16.12.2.2. By End-User
16.13. Japan Market Analysis
16.13.1. Value Proportion Analysis by Market Taxonomy
16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.13.2.1. By Type
16.13.2.2. By End-User
16.14. South Korea Market Analysis
16.14.1. Value Proportion Analysis by Market Taxonomy
16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.14.2.1. By Type
16.14.2.2. By End-User
16.15. GCC Countries Market Analysis
16.15.1. Value Proportion Analysis by Market Taxonomy
16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.15.2.1. By Type
16.15.2.2. By End-User
16.16. South Africa Market Analysis
16.16.1. Value Proportion Analysis by Market Taxonomy
16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.16.2.1. By Type
16.16.2.2. By End-User
16.17. Turkey Market Analysis
16.17.1. Value Proportion Analysis by Market Taxonomy
16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.17.2.1. By Type
16.17.2.2. By End-User
16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Product footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. Intel corporation
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. Texas Instruments Incorporated
18.3.2.1. Overview
18.3.2.2. Product Portfolio
18.3.2.3. Sales Footprint
18.3.2.4. Strategy Overview
18.3.3. Qualcomm Incorporated
18.3.3.1. Overview
18.3.3.2. Product Portfolio
18.3.3.3. Sales Footprint
18.3.3.4. Strategy Overview
18.3.4. Broadcom
18.3.4.1. Overview
18.3.4.2. Product Portfolio
18.3.4.3. Sales Footprint
18.3.4.4. Strategy Overview
18.3.5. STMicroelectronics N.V.
18.3.5.1. Overview
18.3.5.2. Product Portfolio
18.3.5.3. Sales Footprint
18.3.5.4. Strategy Overview
18.3.6. NXP Semiconductors N.V.
18.3.6.1. Overview
18.3.6.2. Product Portfolio
18.3.6.3. Sales Footprint
18.3.6.4. Strategy Overview
18.3.7. Microchip Technology Inc.
18.3.7.1. Overview
18.3.7.2. Product Portfolio
18.3.7.3. Sales Footprint
18.3.7.4. Strategy Overview
18.3.8. MediaTek Inc.
18.3.8.1. Overview
18.3.8.2. Product Portfolio
18.3.8.3. Sales Footprint
18.3.8.4. Strategy Overview
18.3.9. Cypress Semiconductor Corporation
18.3.9.1. Overview
18.3.9.2. Product Portfolio
18.3.9.3. Sales Footprint
18.3.9.4. Strategy Overview
19. Assumptions and Acronyms Used
20. Research Methodology
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Wireless Connectivity Market
