Expansion of smart cities & infrastructure projects are driving the growth of the Wireless Modules Market at a CAGR of 13.3% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Wireless Modules Market” that contains the information from 2019 to 2035.

The Global Wireless Modules Market is estimated to register a CAGR of 13.3 % during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Wireless Modules Market — Murata Manufacturing Co Ltd., Shenzhen Feasycom Co., Ltd., Quectel, Ezurio, Texas Instruments, Telit Cinterion, Panasonic Industrial, Silicon Laboratories, Microchip Technology Inc., u-blox Holding AG, FN-LINK Technology Limited, Cansec Wireless, Nordic Semiconductor, Shenzhen RF-star Technology Co., Ltd., Shenzhen Ofeixin Technology Co., Ltd., Shenzhen Bilian Electronic Co., Ltd., Wistron NeWeb Corp., ASIARF Co., Ltd., USI Global, Shanghai MXCHIP Information Technology Co., Ltd. and others.

The Global Wireless Modules Market accounted for registering a CAGR of 13.3 % during the forecast period and is estimated to reach USD 52.47 billion by 2035.

The number of IoT devices are increasing with almost 15.2 to 16.6 billion networked IoT devices globally. Communication modules are essential to building blocks in IoT devices, providing connectivity and data exchange between edge devices, cloud platforms, and other networked systems.

In 2023, 3/4th of Wi-Fi devices shipped globally were Wi-Fi 6 and Wi-Fi 6E-based, which provide quicker and more stable wireless connectivity compared to its predecessor, Wi-Fi 5. These modules provide increased data rates, reduced latency, and improved power efficiency, making them suitable for IoT applications in smart homes, healthcare, and industrial automation. The use of these technologies has streamlined communication between IoT devices, resulting in enhanced user experiences and overall performance. Wi-Fi technology is dominating IoT connectivity in industries like smart homes, buildings, and healthcare. 

Wi-Fi 7, the newest version of Wi-Fi technology, is being adopted into different devices such as smartphones, routers, and laptops. Industry players such as Qualcomm and Broadcom have launched Wi-Fi 7 chipsets, and consumer products like the TP-Link Archer BE900 router are already on the market. The introduction of Multi-Link Operation (MLO) allows IoT devices to connect across multiple frequency bands (2.4 GHz, 5 GHz, and 6 GHz) simultaneously. Wi-Fi 7 delivers data rates up to 46 Gbps, which is four times faster than Wi-Fi 6.

Bluetooth Low Energy (BLE), also known as Bluetooth Smart, has been continuously developed to allow IoT devices to maintain reliable connectivity while consuming limited power. As a result, BLE is now the preferred option for battery-powered IoT devices such as smart home sensors and asset tracking devices. Furthermore, 2024 marked the introduction of 5G RedCap technology. Unlike timecritical applications demanding stringent latency, RedCap-enabled IoT devices prioritize affordability and reduced complexity. With download speeds up to 150 Mbps, upload speeds of 50 Mbps, and latency under 100 ms, RedCap is propelling growth in consumer, enterprise, and industrial IoT devices.

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Segmental Analysis

The Global Wireless Modules Market has been segmented based on Module Type, by Application, by Industry Vertical.

Based on Module Type, this segment includes Wi-Fi + Bluetooth Modules (Wi-Fi 7 and Bluetooth v5.4, Wi-Fi 7 and Bluetooth v5.3, Wi-Fi 6 and Bluetooth v5.4, Wi-Fi 6 and Bluetooth LE 5.4, Wi-Fi 6E and Bluetooth 5.4, Wi-Fi 5 and Bluetooth 5.2, Others), Wi-Fi Modules (Wi-Fi 7, Wi-Fi 6, Wi-Fi 6E, Wi-Fi 5, Others), Bluetooth Modules (Classic Bluetooth Modules (v1.0-3.0), Bluetooth LE Modules (Bluetooth v6, Bluetooth v5, Bluetooth v4, Bluetooth v4.1, Others), Dual-Mode Bluetooth Modules, Audio-Streaming Modules, Long-Range Bluetooth Modules)), Ultra-Wideband Modules (Type 2BP (General IoT Devices), Type 2DK (Tags and Trackers), Type 2AB (UWB+ BLE Combo)), LoRaWAN Modules, Range Amplified MultiPoint (RAMP) ISM Modules, Cellular Modules (LTE-M Modules, NB-IoT Modules, 5G Modules, 4G LTE Modules), GNSS Positioning and Timing Modules, Internet of Things (IoT) Modules. 

The Wi-Fi Modules segment dominated the global market in 2024, while the Wi-Fi + Bluetooth Modules segment is projected to be the fastest–growing segment during the forecast period. Wi-Fi modules are small electronic devices that facilitate wireless communication among devices by embedding Wi-Fi connectivity into embedded systems. The modules usually consist of a Wi-Fi chip, antenna, and firmware, which can be easily integrated with microcontrollers or processors for uses like IoT, smart home automation, industrial automation, and wireless data transmission. They come with multiple communication protocols such as IEEE 802.11 a/b/g/n/ac, and they feature low power consumption, high data rate, and security protocols WPA/WPA2. The choice of a Wi-Fi module involves consideration of power needs, range, and data rate due to the fact that different Wi-Fi protocols contain different strengths and weaknesses.

Based on Application, this segment includes Predictive Maintenance, Connected Field Services, Cold Chain Monitoring, Environmental Monitoring, Medical/ Fitness Devices, Industrial Sensor Networks, Building Automation, Beacons, Sensors, Smart City, Smart Factory, Telematics, Asset Tracking, Smart Metering, Others. The Industrial Sensor Networks segment dominated the global market in 2024, while the Smart City segment is projected to be the fastest–growing segment during the forecast period. In industrial sensor networks, wireless modules serve as the backbone of smart factories and industrial automation by enabling seamless connectivity between various sensors and control systems. 

These modules facilitate real-time data collection from sensors measuring temperature, pressure, motion, and gas levels across industrial facilities, improving process efficiency, safety, and predictive maintenance. Wireless sensor networks eliminate the need for extensive cabling, reducing installation costs and allowing for greater flexibility in expanding monitoring capabilities. Industries such as oil & gas, manufacturing, mining, and energy benefit from wireless-enabled condition monitoring, which enhances equipment reliability and reduces operational risks. The implementation of wireless industrial sensor networks also supports machine-to-machine (M2M) communication, enabling automated decision-making and process optimization.

Based on Industry Vertical, this segment includes Agriculture, Construction, Logistics and Warehousing, Retail and E-Commerce, Healthcare, Energy and Utilities, Transportation, Semiconductors, Consumer Electronics, Automotive, Others. The Consumer Electronics segment dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. Currently, wireless systems in smart homes predominantly encompass networks based on WiFi, Bluetooth, and cloud technologies. . Besides enhancing energy efficiency, WiFi-enabled smart home automation systems also bolster home security. The integrated sensors, cameras, and motion detectors in the system allow homeowners to detect and respond to potential threats, thereby providing a secure living environment and reducing the risks of burglary, fires, and other hazards. When compared to existing frameworks, WiFi Technology based network arrangement is highly capable and that has ended up with remote controllable feature which gives home security at low cost.

Regional Analysis

Geographically, the Global Wireless Modules Market has been segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa.

Major demand factors driving the Asia-Pacific market are the rising IoT adoption & smart devices and deployment of 5g & wi-fi 7 for high-speed connectivity and expansion of smart cities & infrastructure projects. IoT is now much more widely adopted across verticals, and across the globe, with smart spaces a key focus for many markets in the Asia-Pacific region becoming one of the leading application areas. In the Asian smart home market, notable companies include Honeywell, Schneider Electric, ADT, Johnson Controls, Resideo, Robert Bosch, ASSA ABLOY, and BARDI Smart Home. These companies contribute significantly to the widespread adoption. Devices like smart speakers, thermostats, and security systems are seeing increased adoption, particularly in urban areas.

The North American market for Wireless Modules is expected to witness significant growth over the forecast period. The region includes the US, Canada, and Mexico. In North America, IoT adoption is rapidly increasing, particularly in the US, driven by smart city initiatives. The region is a major hub for smart city development, with many cities investing in technology to improve urban services and quality of life. Many cities are focusing on improving traffic flow, public transportation, and developing smart parking systems with cities like Seattle, Chicago, San Francisco, Boston, and Washington D.C. leading the way in transportation and energy efficiency. These cities are using sensors and data analytics to monitor various aspects of urban life hence increasing the demand for wireless modules. The smart city challenge launched in 2015 encouraged mid-sized cities to develop innovative, integrated smart transportation systems.

The European Union's regulations and various national initiatives have directed significant funding toward sustainable infrastructure, smart cities, and energy-efficient buildings. Countries like Germany, France, and the UK are concentrating on the modernization of industrial automation, automotive infrastructure, smart city, transport networks, renewable energy projects, and urban regeneration initiatives. The Digital Decade initiative in Europe, Digital Decade, Horizon Europe, Digital Europe Program and many other initiatives have directly helped the growth of wireless modules in this region. Germany’s Industrie 4.0 and the EU's Horizon Europe program promote smart factories, driving the need for wireless modules to enable real-time machine-to-machine (M2M) communication. Wireless Wi-Fi 6E, Bluetooth 5.3, and private 5G modules are essential for industrial automation, predictive maintenance, and real-time monitoring in manufacturing plants.

Countries like Brazil, Argentina, and Chile are actively deploying 5G networks, with Brazil aiming to cover all state capitals with 5G SA (Standalone) technology. Operators such as Claro, TIM, and Vivo are investing in improving connectivity in remote and rural areas, further driving the demand for wireless modules in agriculture, logistics, and smart infrastructure. South American governments are also focusing on smart cities and IoT. For example, Chile's Santiago Smart City Project and Colombia’s Medellín Innovation District integrate IoT-powered traffic management, smart lighting, and energy-efficient buildings. Brazil’s ConectarAGRO initiative promotes IoT solutions in agriculture, enhancing precision farming and agribusiness automation.

The growth of the wireless modules market is driven by Rapid 5G & LPWAN Deployment, Government & Private Investments, Public Wi-Fi Expansions, Smart City Initiatives, Industry 4.0 and AI-driven automation. 5G networks now cover 75% or more of the population in the GCC states, with operators in those markets increasingly shifting focus to improving 5G coverage in less densely populated areas. Expanding cities, mega projects (e.g., NEOM in Saudi Arabia), and rising government investments for smart products fuel the demand for the market. National visions like Saudi Vision 2030 and UAE’s Smart City initiatives further highlight the need for wireless infrastructure.

Key Findings of the Study

• The Global Wireless Modules Market is expected to reach USD 52.47 billion by 2035, at a CAGR of 13.3% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market.


• Based on the Application, the Industrial Sensor Networks segment was attributed to holding the largest market in 2024.


• Murata Manufacturing Co Ltd., Shenzhen Feasycom Co., Ltd., Quectel, Ezurio, Texas Instruments, Telit Cinterion, Panasonic Industrial, Silicon Laboratories, Microchip Technology Inc., u-blox Holding AG, FN-LINK Technology Limited, Cansec Wireless, Nordic Semiconductor, Shenzhen RF-star Technology Co., Ltd., Shenzhen Ofeixin Technology Co., Ltd., Shenzhen Bilian Electronic Co., Ltd., Wistron NeWeb Corp., ASIARF Co., Ltd., USI Global, Shanghai MXCHIP Information Technology Co., Ltd. are some of the players in the market.