Wireless Connectivity Market Research Report Information By Technology (Bluetooth, Wi-Fi, GPS), By Deployment (Control Devices, Gateways, Cloud), By Application (Healthcare, Automotive, Consumer Electronics), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Global Wireless Connectivity Market Overview

Wireless Connectivity Market Size was valued at USD 60 Billion in 2021. The Wireless Connectivity market industry is projected to grow from USD 95 Billion in 2022 to USD 220 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.00% during the forecast period (2022 - 2030). Wireless connectivity is a networking technology used for connection between two nodes or devices without cables, cords, and wires. It is a method in which the wires are not used for any connection. It also helps the consumers avoid and save the installation cost, which is more in the cables within the connectivity between devices and systems. The demand for wireless connectivity is increasing as wifi penetration is rising in commercial, residential, and industrial sectors. Numerous wireless technologies can be used in hardware products for IoT and machine-to-machine. The rise in adoption of IoT, cloud computing in businesses, and demand for smartphones, wifi, Bluetooth, and other devices are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wireless Connectivity Market Trends

• The growing demand for cloud computing and related technologies to boost the market growth

The demand for cloud computing and related technologies is growing rapidly in the wireless connectivity market. Cloud computing provides organizations with on-demand access to computing resources and enables them to store, process, and manage large amounts of data more efficiently and cost-effectively. This is particularly relevant in the wireless connectivity market, where data volumes are growing rapidly due to the increasing number of connected devices and the growing demand for data-intensive applications such as video and audio streaming.

In addition, cloud computing enables organizations to manage their wireless networks more effectively, with centralized management and control, real-time monitoring, and automatic provisioning and scaling of network resources. This results in improved network performance, reduced downtime, and lower operating costs. The growing demand for cloud computing and related technologies in the wireless connectivity market is also driven by the increasing demand for IoT and 5G technologies, which require high-speed, low-latency, and highly secure connectivity. The cloud provides an infrastructure that can support these new technologies and enables organizations to quickly and cost-effectively roll out new services and applications. Overall, the growing demand for cloud computing and related technologies in the wireless connectivity market is driving growth and innovation in the sector and is expected to continue to do so in the coming years. Therefore, such factors related to Wireless Connectivity have enhanced the Wireless Connectivity market CAGR across the globe in recent years.

Wireless Connectivity Market Segment Insights

Wireless Connectivity Technology Insights

The Wireless Connectivity Market segmentation, based on technology, includes Bluetooth, Wi-Fi, and GPS. The Wi-Fi segment held the majority share in 2021 of the Wireless Connectivity Market revenue. Wi-Fi is the most widely used wireless connectivity technology and holds the largest market share in the Wireless Connectivity Market. The high adoption of Wi-Fi is due to its ability to provide high-speed, reliable, and low-cost connectivity for a wide range of devices, including smartphones, laptops, tablets, and smart home devices. Wi-Fi has become a ubiquitous technology, with Wi-Fi hotspots and networks available in homes, offices, public spaces, and on public transportation.

Wireless Connectivity Deployment Insights

The Wireless Connectivity Market segmentation, based on deployment, includes Control Devices, Gateways, and Cloud. The cloud segment held the majority share in 2021. The cloud segment is the largest segment of the Wireless Connectivity Market based on deployment. The growth of the cloud segment is due to the increasing demand for cloud-based solutions for managing and storing data and for delivering new services and applications. Cloud-based solutions provide organizations with on-demand access to computing resources and storage, enabling them to store, process, and manage large amounts of data more efficiently and cost-effectively. Cloud solutions also offer centralized management and control, real-time monitoring, and automatic provisioning and scaling of network resources, resulting in improved network performance, reduced downtime, and lower operating costs.

Wireless Connectivity Application Insights

Based on application, the Wireless Connectivity Market segmentation includes Healthcare, Automotive, and Consumer Electronics. The Consumer Electronics segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The consumer electronics segment is the largest segment of the Wireless Connectivity Market based on application. The high demand for consumer electronics, such as smartphones, laptops, tablets, smart home devices, and wearable devices, has driven the growth of the consumer electronics segment. These devices require wireless connectivity to communicate with other devices and with the internet, and the increasing number of connected devices is driving the growth of the consumer electronics segment of the wireless connectivity market. These all factors for Wireless Connectivity positively impact the market growth.

Figure 2: Wireless Connectivity Market, by Application, 2021 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wireless Connectivity Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. For wireless connectivity technology, Asia-Pacific holds the largest market share. This region is dominated by Japan, India, China, and South Korea. India and China have both experienced rapid economic growth in recent years and are the primary drivers behind the growth in the Asia-Pacific region. The demand for smartphones and other mobile and electronic devices is increasing as purchasing power and discretionary income increase. Smart cities have been implemented by the governments of India and China. The growth of these cities will spur the demand for wireless connectivity technology.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3: WIRELESS CONNECTIVITY MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Wireless Connectivity market accounts for the second-largest market share. This is because of the widespread adoption of technology and the presence of a large number of telecom and technology companies in the region. Europe has been actively investing in the deployment of 5G networks, which is expected to drive the growth of the wireless connectivity market in the region. The increasing demand for high-speed internet, mobile data, and IoT devices is also contributing to the growth of the market. Furthermore, the European Union has been promoting the digitalization of various industries, such as healthcare, transportation, and manufacturing, which is expected to drive the growth of the wireless connectivity market in Europe. Further, the Germany Wireless Connectivity market held the largest market share, and the UK Wireless Connectivity market was the fastest-growing market in the European region.

North America, Wireless Connectivity market, is expected to grow at the fastest CAGR from 2022 to 2030. The growing demand for high-speed internet, mobile data, and IoT devices is driving the growth of the wireless connectivity market in North America. With the increasing adoption of cloud computing, artificial intelligence, and other emerging technologies, the demand for reliable and fast wireless connectivity is expected to increase further in the region. Moreover, the U.S. Wireless Connectivity market held the largest market share, and the Canada Wireless Connectivity market was the fastest-growing market in the North American region.

Wireless Connectivity Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Wireless Connectivity market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Wireless Connectivity industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Wireless Connectivity. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Wireless Connectivity industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Wireless Connectivity industry to benefit customers and expand the market sector. The Wireless Connectivity market has recently given medicine some of the most important advantages. Major Wireless Connectivity market players, including Cisco Systems Inc, STMicroelectronics NV, Texas Instruments Inc., Intel Corporation, Microchip Technology Inc., NXP Semiconductors, AT&T Inc., QUALCOMM Inc., Cypress Semiconductor Corporation, Renesas Electronics Corporation, and others, are attempting to increase market demand by funding R&D initiatives.

Cisco Systems, Inc. is a multinational technology company that provides networking and communications technology and services. Cisco is one of the largest manufacturers of networking equipment in the world and provides products and solutions for various industries, including enterprises, service providers, and government organizations. The company's portfolio includes routers, switches, wireless systems, security solutions, and collaboration tools. In addition to hardware, Cisco also provides software, services, and cloud solutions to help customers manage and optimize their networks.

STMicroelectronics N.V. is a global semiconductor company based in Geneva, Switzerland. STMicroelectronics provides a wide range of products, including microcontrollers, power management devices, sensors, and other integrated circuits. These products are used in various applications, such as consumer electronics, industrial automation, telecommunications, automotive, and the Internet of Things (IoT). The company's products are known for their quality, reliability, and performance. STMicroelectronics has a strong presence in Europe, the Americas, and Asia, with research and development centers located in multiple countries.

Key Companies in the Wireless Connectivity market include

• Cisco Systems Inc


• STMicroelectronics NV


• Texas Instruments Inc.


• Intel Corporation


• Microchip Technology Inc.


• NXP Semiconductors


• AT&T Inc.


• QUALCOMM Inc.


• Cypress Semiconductor Corporation


• Renesas Electronics Corporation among others

Wireless Connectivity Industry Developments

June 2022 Qualcomm Technologies announced the launch of Next-Gen Wi-Fi and Bluetooth RF Front-End Modules that Allow for Superior Wireless Performance in Automotive and IoT Devices

Wireless Connectivity Market Segmentation

Wireless Connectivity Technology Outlook

• Bluetooth


• Wi-Fi


• GPS

Wireless Connectivity Deployment Outlook

• Control Devices


• Gateways


• Cloud

Wireless Connectivity Application Outlook

• Healthcare


• Automotive


• Consumer Electronics

Wireless Connectivity Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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


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


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America