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

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?

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 "In India, the total wireless or mobile telephone subscriber base increased from 1,147.92 million in August 2020 to 1,186.72 million in August 2021." 

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.

Market Overview

The parent global communications equipment market covers manufacturers of enterprise networking products, including LANs, WANs, routers, telephones, switchboards, and exchanges. Technavio also includes communications infrastructure or telecom equipment market, within the scope of the communications equipment market. Technavio calculates the global communications equipment market size by considering the revenue generated from sales of communication equipment, broadcasting equipment, telecommunications equipment, and investments made by telecommunication service providers to improve their communication infrastructure.

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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