Wireless Modules Market Research Report Information by Module Type (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 B

Global Wireless Modules Market Overview

The Wireless Modules Market was valued at USD 13.47 billion in 2024. The Wireless Modules Market industry is projected to grow from USD 15.03 billion in 2025 to USD 52.47 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 13.3% during the forecast period (2025-2035).

The rising IoT adoption & smart devices and deployment of 5G & wi-fi 7 for high-speed connectivity and expansion of smart cities & infrastructure projects are driving the growth of the Wireless Modules Market.

As per the Analyst at MRFR, Governments globally are facilitating this shift with regulation efforts and investments in infrastructure. The U.S. Federal Communications Commission (FCC) and European Union (EU) spectrum policy have provided extra spectrum bands to support 5G and Wi-Fi 7 deployments. China, South Korea, and Germany have deployed private 5G networks for industry, augmenting smart factory processes through wireless IoT connectivity. 

Smart city projects like India's Digital India initiative and the EU Smart Cities Marketplace are also fueling demand for Wi-Fi 7-based urban infrastructure solutions like intelligent traffic systems, energy networks, and surveillance. The worldwide drive for Industry 4.0, autonomous mobility, and remote healthcare solutions is only driving the uptake of wireless modules powered by 5G and Wi-Fi 7, thus positioning them as a vital enabler of the next-generation digital economy.

 FIGURE 1: WIRELESS MODULES MARKET VALUE (2019-2035) USD BILLION

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

Wireless Modules Market Opportunity

SHIFT TOWARD RENEWABLE ENERGY AND DECENTRALIZED POWER GRIDS

This shift is highlighted as an opportunity for the wireless module market due to the following reasons and trends in the energy sector and especially due to rising concern of climate change and government initiatives increasing worldwide with net zero targets especially:

• In reaching sustainability goals, such as net-zero emissions, the energy sector is incorporating renewable energy sources into the energy system. This requires transformation that combines big conventional energy producers with multiple small- and large-scale energy producers (rooftop photovoltaic panels, wind farms and solar plants) in one system.


• Decentralized energy resources (DERs) are small-scale power generation systems, like solar panels, wind or water turbines, or home battery storage, that produce and manage energy right where it is used. Instead of relying on a distant power plant and distribution network, these technologies give individuals, communities, and businesses the power to generate and control their own energy.


• Further, government initiatives and subsidies have emerged that can enable the development of energy communities. These efforts also support the transformation of homeowners into “prosumers,” meaning those who produce, use, store, and sell electricity back to the grid. They may also be called active consumers or renewable energy self-consumers. The shift to renewable energy and decentralized power grids, driven by the global energy transition, creates significant opportunities for wireless modules, as they facilitate communication and control within these systems.

Decentralized grids, also known as smart grids, rely heavily on wireless communication for real-time data exchange between various components like renewable energy sources (solar, wind), energy storage devices, and consumers. In IoT-enabled Smart Grids, the communication networks are of two types, i.e., wide-area and local area networks. The efficient performance of Smart Grids relies strongly on the advancement and rapid growth of communication technologies and underlying network parameters. ZigBee and Z-wave (with 400 series) offer almost the same data rates, range, and low power. However, ZigBee gives an advantage of a higher number of supported nodes, but IPv6 compatibility is only with SEP2. 

Similarly, Bluetooth 5.0 is IPv6 supported; however, the older versions lack the compatibility to operate with version 5.0. Bluetooth is secure in comparison with other technologies. Te Wi-Fi in comparison with these technologies offers high data rates and long range but suffers from interference issues. Te 6LoWPAN has now been widely adopted for HANs and smart metering services due to its interoperability with Bluetooth and IP, low power, and scalability. The LoRaWAN offers low power and adaptive data rates; however, it suffers from network congestion in case of delay-sensitive applications and offers short range. 

Hence There have been varying issues that need to be addressed, viz., lack of standardization, development of applications, architecture, etc but despite few challenges, increasing adoption of renewable energy, coupled with the rapid expansion of decentralized power grids, is expected to drive significant demand for wireless modules. These modules will play a pivotal role in enabling seamless connectivity, improving energy efficiency, and supporting the transition towards a more sustainable energy ecosystem.

Wireless Modules Market Segment Insights

Wireless Modules by Module Type Insights

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.

FIGURE 2: WIRELESS MODULES MARKET SHARE BY MODULE TYPE 2024 AND 2035 (USD BILLION)

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

Wireless Modules by Application Insights

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.

Wireless Modules by Industry Vertical Insights

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.

Wireless Modules Regional Insights

Based on the Region, the global Wireless Modules are segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia-Pacific dominated the global market in 2024, while it is projected to be the fastest–growing segment during the forecast period. 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.

FIGURE 3: WIRELESS MODULES MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)

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

Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, South Korea, Malaysia, Thailand, Indonesia, Brazil, Argentina, GCC Countries, South Africa and others.

Global Wireless Modules Key Market Players & Competitive Insights

Many global, regional, and local vendors characterize the Wireless Modules Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major competitors in the market are 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 among others. The Wireless Modules Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Wireless Modules Market include

• 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 Globa


• Shanghai MXCHIP Information Technology Co., Ltd.

Wireless Modules Market Industry Developments

January 2025: AsiaRF launches its latest Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 modules. Designed specifically for AI Linux PC users, these modules deliver advanced wireless solutions that meet the demands of modern connectivity, ensuring high performance and reliability.

February 2025: AsiaRF announces the launch of its new Wi-Fi HaLow Industrial Remote-Control Module AWH575-MF1, designed to meet the growing demands of industrial automation. This module is equipped with RS232, RS485, I2C, and SPI interfaces, providing outstanding performance for both wired and wireless communication.

June 2024: Ezurio has officially announced its Sona NX611, the latest addition to its connectivity solutions portfolio; specifically, their series of Wi-Fi 6 modules. New Wi-Fi 6 Module from Ezurio will Tackle Greater Connectivity for IIoT Applications

March 2024: Laird Connectivity, a wireless technology provider, has been rebranded as Ezurio. Ezurio combines Laird Connectivity and Boundary Devices, which together represent decades of experience supporting connectivity needs in the medical, industrial and commercial sectors.

Wireless Modules Market Segmentation

Wireless Modules by Module Type Outlook

• 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

Wireless Modules by Application Outlook

• 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

Wireless Modules by Industry Vertical Outlook

• Agriculture


• Construction


• Logistics and Warehousing


• Retail and E-Commerce


• Healthcare


• Energy and Utilities


• Transportation


• Semiconductors


• Consumer Electronics


• Automotive


• Others

Wireless Modules Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Malaysia
  
  
  • Thailand
  
  
  • Indonesia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America
  
  
  
  


• Middle East & Africa
  
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  

Report Attribute/Metric	Details
Market Size 2024	USD 13.47 Billion
Market Size 2025	USD 15.03 Billion
Market Size 2035	USD 52.47 Billion
Compound Annual Growth Rate (CAGR)	13.3% (2025-2035)
Base Year	2024
Forecast Period	2025-2035
Historical Data	2019-2023
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Module Type, By Application, By Industry Vertical
Geographies Covered	North America, Europe, Asia Pacific, South America, Middle East & Africa
Countries Covered	The US, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, South Korea, Malaysia, Thailand, Indonesia, Brazil, Argentina, GCC Countries, South Africa
Key Companies Profiled	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.
Key Market Opportunities	·         Shift toward renewable energy and decentralized power grids ·         Rise in smart factories & robotics connectivity
Key Market Dynamics	·         Rising IoT adoption & smart devices ·         Deployment of 5G & wi-fi 7 for high-speed connectivity ·         Expansion of smart cities & infrastructure projects