The Wi-fi module market size is expected to reach of around US$ 86,769.1 Mn by 2027, growing at a noteworthy CAGR of 12.2% from forecast period 2020 to 2027.
Wi-Fi module refers to a self-contained SOC with integrated transmission control & internet (TCP/IP) protocol stack that provides access to the Wi-Fi network. It’s a semiconductor module acts as a functional unit of the entire Wi-Fi device system. Additionally, it helps in connecting various network devices to the internet including tablets, Smartphones, laptops, and smart home appliances like air-conditioner (AC), water heater, television, washing machine, and others. This Wi-Fi module is designed with on-board processing and storage capability particularly to integrate with the sensors and other specific application devices.
The increasing adoption of cloud computing along with the expanding telecommunication, residential, and commercial sector application is driving the market value. The industries are shifting towards cloud computing for cost reduction by eliminating various investments on hardware storage and physical infrastructures are supporting the market value. Additionally, the advantages associated with cloud computing such as data storage and retrieval, viability, scalability, and swiftness are further bolstering the market value. Furthermore, the rising focus of major manufacturers towards the up-gradation of research and development activities to generate profit is anticipated to create potential demand over the forecast period from 2020 to 2027.
On the other hand, increasing privacy and security issues are some of the factors likely to limit market growth.
The Wi-Fi module has a wide range of applications in the Internet of Things (IoT) in utility and smart energy, consumer electronics, medical, fitness and healthcare, retail, remote device management, and industrial controls sector. Where, utility and smart energy sector applications involve thermostats, lighting controls, EV-chargers, and smart meters. The consumer electronics sector involves remote control, internet radio, home security, and toys. The medical, fitness, and healthcare sector includes patient monitors, fitness equipment, and real-time location system. The retail sector includes POS terminals, wireless price tags, and digital remote signage. The remote device management sector includes location and asset tracking, automotive, code update. The industrial control sector includes chemical sensors, wireless controllers, security systems, M2M communication.
The market research study on “Wi-fi Module Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Wi-fi module market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Wi-fi module market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Wi-fi module market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The Wi-fi module market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific accounted for the major share in the global market
In 2019, Asia Pacific registered maximum share in terms of value in the Wi-Fi module market. The major economies including Japan, China, and India are majorly supporting the regional market value. The increasing disposable income, internet penetration, smart cities, and smart home projects across the major economies are supporting the regional market value. The region is followed by North America and Europe respectively. Moreover, the Asia Pacific region is projected to experience the fastest growth over the estimated timeframe from 2020 to 2027.
The players profiled in the report include Advantech Co., Ltd., Azure Wave Technologies, Inc., Broadlink, Laird PLC, Microchip Technology Inc., Murata Manufacturing Co., Ltd., Shanghai MXCHIP Information Technology Co., Ltd., Silex Technology, Inc., Silicon Laboratories Inc., and Taiyo Yuden Co., Ltd.
Market By Type
Market By Application
Market By Geography
Middle East & Africa
Increase in privacy and security issues are a major factor expected to restraint the growth of the market.
Adoption of cloud computing and rise in telecommunication, residential, and commercial sectors is the major drivers for the growth of the WLAN module market.
The market value of Wi-fi module is anticipated to be around US$ 20,000 Mn in 2027.
The Wi-fi module market is anticipated to grow around 23% CAGR amid the forecast period 2020-2027.
Asia Pacific is projected to grow at a fast pace during forecast period from 2020-2027.
Major players included in this report Sollae Systems, Advantech, Cisco, Lesswire, Fujitsu, LSR, Intel, Panasonic, Alps, ZYGO, Vishay, Zcomax Technologies, WhizNets, HY-LINE, LG, and others.
Cisco is one of the world's largest manufacturers of Wi-Fi.