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Wireless Connectivity Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71911
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The wireless connectivity market share is expected to increase by USD 53.01 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 14.10%.

This wireless connectivity market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wireless connectivity market segmentation by type (WPAN, WLAN, and GNSS) and geography (APAC, North America, Europe, MEA, and South America). The wireless connectivity market report also offers information on several market vendors, including Broadcom Inc., Infineon Technologies AG, Intel Corp., MediaTek Inc., Microchip Technology Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., STMicroelectronics NV., and Texas Instruments Inc. among others.

What will the Wireless Connectivity Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Wireless Connectivity Market Size for the Forecast Period and Other Important Statistics

 

Wireless Connectivity Market: Key Drivers and Challenges

The increase in the development of smart cities is notably driving the wireless connectivity market growth, although factors such as high switching costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wireless connectivity industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wireless Connectivity Market Driver

The increase in the development of smart cities will be one of the key factors driving the global wireless connectivity market growth. The government all over the world are investing in the development of smart cities or connected cities that will use emerging technologies such as 5G and IoT to deliver services. Such technology will boost the demand for smart devices, and sensors to improve operations and provide services such as safety and security, access to education, waste and water management, traffic management, and healthcare. Hence, rapid urbanization and the growing deployment of wireless connectivity due to the development of smart cities will positively impact the market in focus during the forecast period.

Key Wireless Connectivity Market Challenge

The high switching costs related to the process of switching from one provider to another is one of the key challenges to the global wireless connectivity market growth. The cost of switching from traditional wired networks to a wireless system will impede the adoption of wireless technology. Moreover, the procurement cost of wireless hardware products (higher than wired networks) will increase the total cost of installation. Privacy and security issues, poor infrastructure, and high switching costs will lead industries to refrain from adopting wireless connectivity, which is expected to negatively impact the market in focus during the forecast period.

This wireless connectivity market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Wireless Connectivity Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Broadcom Inc.
  • Infineon Technologies AG
  • Intel Corp.
  • MediaTek Inc.
  • Microchip Technology Inc.
  • NXP Semiconductors NV
  • Qualcomm Inc.
  • Renesas Electronics Corp.
  • STMicroelectronics NV.
  • Texas Instruments Inc.

 

This statistical study of the wireless connectivity market encompasses successful business strategies deployed by the key vendors. The wireless connectivity market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wireless connectivity market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wireless Connectivity Market?

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37% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for wireless connectivity in APAC. However, the market growth in this region will be slower than the growth of the market in South America, MEA, and North America.

The significant increase in demand for wireless connectivity services such as WPAN and WLAN will facilitate the wireless connectivity market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Wireless Connectivity Market?

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The wireless connectivity market share growth by the WPAN segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for devices in WPAN such as personal digital assistants (PDAs), smartphones, PCs, and tablets. In addition, increasing consumption of online content and the extensive use of smart devices at home and offices will also stimulate the growth in the market in focus during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless connectivity market size and actionable market insights on post COVID-19 impact on each segment.

 

Wireless Connectivity Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 14.10%

Market growth 2022-2026

$ 53.01 billion

Market structure

Fragmented

YoY growth (%)

13.07

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 37%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Broadcom Inc., Infineon Technologies AG, Intel Corp., MediaTek Inc., Microchip Technology Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., STMicroelectronics NV., and Texas Instruments Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Wireless Connectivity Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wireless connectivity market growth during the next five years
  • Precise estimation of the wireless connectivity market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wireless connectivity industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wireless connectivity market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • WPAN - Market size and forecast 2021-2026
    • WLAN - Market size and forecast 2021-2026
    • GNSS - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Broadcom Inc.
      • Infineon Technologies AG
      • Intel Corp.
      • MediaTek Inc.
      • Microchip Technology Inc.
      • NXP Semiconductors NV
      • Qualcomm Inc.
      • Renesas Electronics Corp.
      • STMicroelectronics NV.
      • Texas Instruments Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The wireless connectivity market growth will increase by $53.01 billion during 2021-2026.
      The wireless connectivity market is expected to grow at a CAGR of 14.10% during 2021-2026.
      Technavio has segmented the wireless connectivity market by type (WPAN, WLAN, and GNSS) and geographic (APAC, North America, Europe, MEA, and South America).
      Broadcom Inc., Infineon Technologies AG, Intel Corp., MediaTek Inc., Microchip Technology Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., STMicroelectronics NV., Texas Instruments Inc. are a few of the key vendors in the wireless connectivity market.
      APAC will register the highest growth rate of 37.45% among the other regions. Therefore, the wireless connectivity market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Japan
      • Germany
      • South Korea (Republic of Korea)
      The key factors driving the wireless connectivity market growth are:
      • Increase in development of smart cities
      The wireless connectivity market vendors should focus on grabbing business opportunities from the wpan segment as it accounted for the largest market share in the base year.
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