Wireless Connectivity Market 2022 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market for wireless connectivity is estimated at USD 109,372.7 million in the year 2022, is projected to reach a size of USD 301,214.5 million by 2030, growing at a compound annual growth rate (CAGR) of 13.5% over the forecast period 2022-2030. The growth of the wireless connectivity market is driven by factors such as growing internet penetration rate, rising demand for wireless sensors to develop smart infrastructure, and increasing adoption of internet of things. Continuous support from governments worldwide for R&D in Internet of Things is expected to provide lucrative opportunities for the global market throughout the forecast period.

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REGIONAL ANALYSIS

On the basis of region, the report offers an analysis on of wireless connectivity industry in Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Among all regions, Asia Pacific dominated the global wireless connectivity market in 2021. The growth of the regional market is likely to be driven by growing adoption of IoT technology and surging advancements in cellular technologies.

In terms of revenue, North America captured the second position in the wireless connectivity market. The market growth in North America can be attributed to the high adoption of advanced technologies by small and medium enterprises.

The Asia Pacific is anticipated to grow at the highest CAGR during the forecast period, attributed to growing use of wireless connectivity solutions in IoT applications.

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SEGMENTATION ANALYSIS

Based on type, the wireless connectivity market has been classified into LPWAN, Cellular M2M, WPAN, Satellite (GNSS), and WLAN. The LPWAN segment is expected to register the highest CAGR during the forecast period.

By connectivity type, the market has been divided into Wi-Fi, Bluetooth Classic, Bluetooth 4X, Bluetooth 5X, ZigBee, Z-Wave, UWB, NFC, Thread, GNSS, Cellular, EnOcean, Sigfox, LoRa, LTE Cat-M1, NB-IoT, and others.

Based on the end use, the global wireless connectivity market is categorized into automotive & transportation, building automation, consumer electronics, healthcare, wearable devices, and others.  The consumer electronics segment is projected to be the largest segment during the forecast period.

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COMPANIES COVERAGE

The global wireless connectivity market is characterized by the presence of several leading companies. Major companies in wireless connectivity market includes BehrTech, Broadcom, CEVA, Inc., EnOcean, Expressif Systems, Infineon Technologies AG, Intel Corporation, MediaTek Inc., MeiG Smart Technology Co., Ltd., Microchip Technology Inc., Murata Manufacturing Co., Ltd., Neoway Technology, Nexcom International Co., Ltd., Nordic Semiconductor, NXP Semiconductors N.V., Panasonic Corporation, Peraso Technologies, Inc., Qualcomm Incorporated, Renesas Electronics Corporation, Semtech, Skyworks Solutions, Inc., Skyworks Solutions, Inc., STMicroelectronics N.V., Texas Instruments Incorporated, and XIAMEN CHEERZING IoT Technology Co., Ltd.