Wireless Connectivity Technology Market (By Connectivity Technology: Wi-Fi, Bluetooth, ZigBee, NFC, Cellular Technology, Others; By Type: Wireless Local Area Network (WLAN), Wireless Personal Area Network (WPAN), Satellite (GNSS), Low-Power Wide-Area Network (LPWAN), Cellular M2M; By Application: Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics, Agriculture, Telecommunication) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global wireless connectivity technology market is anticipated to grow at a CAGR of around 13.0% during the forecast period 2020 to 2027 and to reach around US$ 151.4 Bn by 2027.

Market Dynamics

Rapid technological in electronics sector, high internet penetration and increasing focus of sensor manufacturers on improving wireless sensing technology are major factors expected to drive the growth of the global market. In addition, high demand for advanced wireless devices from various industry verticals is another factor expected to augment the growth of target market. Government is spending high for the development of healthcare sector demand for wireless medical equipment is increasing. With the rising in patients in hospitals suffering from various diseases use of wireless technology to transfer information as it offers greater accuracy, avoids manual tasks and information can be accessed on real-time basis.

Major players are focused on business development in order to increase the profit share their approach towards merger and acquisition activities as it is expected to increase the customer base and enhance the product portfolio this is expected to further augment the growth of global market.

• In 2019, Qualcomm acquired the TDK's a Japanese company that is focused on producing parts for telecommunications equipment, looking to bolster its lineup of products for 5G smartphones. This is expected to increase the company business presence and increase the profit ratio.

In addition, players are investing high for new product development with the high R&D activities and innovative product offerings is expected to further support the growth of the target market. Players are introducing new products in order to increase the customer base as it is expected to aid in increasing the revenue.

• In 2019, Omron a provider of advanced industrial automation solutions launched E2E NEXT proximity sensor series featuring exceptionally long sensing distances and IoT functionality. This is expected to attract new customer and enhance the product portfolio.

However, factors such as unavailability of advanced infrastructure in order to support the adoption of advanced devices and rising security concern are factors expected to hamper the growth of global wireless connectivity technology market. In addition, lack of uniform communication standards is another factor expected to challenge the growth of target market.

High investment for development of 5G technology, emergence of cross domain working application are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, inclination towards emerging economies is expected to further support the revenue traction of target market.

Wireless Connectivity Technology Market Segment Analysis, 2019

The global wireless connectivity technology market is segmented in to connectivity technology, type, and application. The type market is segmented into Wireless Local Area Network (WLAN), Wireless Personal Area Network (WPAN), Satellite (GNSS), Low-Power Wide-Area Network (LPWAN), and Cellular M2M. Among application the wearable devices segment is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to availability of advanced infrastructure in order to facilitate the adoption of advanced devices. In addition, presence of major players operating in the country, coupled with approach towards business development are factors expected to further support the growth of regional market.

Asia Pacific is expected to witness faster growth in the near future owing to presence of major electronic manufacture operating in the country, rising demand for smart warbles, and new product offerings. In addition, high government spending on development of present infrastructure, coupled with emergence of small and mid-size enterprises with innovative products are factor further expected to support the growth of target market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Wireless Connectivity Technology Market (Connectivity Technology: Wi-Fi, Bluetooth, ZigBee, NFC, Cellular Technology, and Others; Type: Wireless Local Area Network (WLAN), Wireless Personal Area Network (WPAN), Satellite (GNSS), Low-Power Wide-Area Network (LPWAN), and Cellular M2M; Application: Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics, Agriculture, and Telecommunication) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global wireless connectivity technology 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 on global wireless connectivity technology market segment by product, application, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global wireless connectivity technology market size and segment markets by product, application, end use and geography along with the information on companies operating in the market. The wireless connectivity technology market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Intel, Qualcomm, NXP Semiconductors, STMicroelectronics, Texas Instruments, Microchip Technology, MediaTek, Cypress Semiconductor, Broadcom, EnOcean, NEXCOM International, Skyworks Solutions, Murata Manufacturing, Marvell, Quantenna, Renesas Electronics Corporation, and NORDIC Semiconductor.

Market Segmentation

Market By Connectivity Technology

• Wi-Fi
• Bluetooth
• ZigBee
• NFC
• Cellular Technology
• Others

Market By Type

• Wireless Local Area Network (WLAN)
• Wireless Personal Area Network (WPAN)
• Satellite (GNSS)
• Low-Power Wide-Area Network (LPWAN)
• Cellular M2M

Market By Application

• Wearable Devices
• Healthcare
• Automotive & Transportation
• Building Automation
• Industrial
• Consumer Electronics
• Agriculture
• Telecommunication

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa