According to Stratistics MRC, the Global Wireless connectivity market is expected to grow from $18.73 billion in 2016 to reach $34.71 billion by 2023 with a CAGR of 9.2%. Growing demand for smartphones and cloud computing are some of the key factors favouring the market growth. However, absence of uniform communication principles is hampering the market growth.
Expanded government financing for quick advancement of IoT and developing demand for cross domain applications are provides huge opportunities for the market growth.
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Based on application, consumer electronics is mainly driven by the increase of Internet of Things and machine to machine communication which has been produced a huge market for IoT enabled devices which creates demand for enhanced connectivity technologies to maintain these devices.
North America held the largest market share of the wireless connectivity market owing to its intense research and development in the field of wireless connectivity, huge penetration of Internet of Things, and expansion of number of IoT and cloud start-ups in the region.
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Some of the key players in Wireless Connectivity market include Qualcomm Incorporated, Stmicroelectronics N.V., Atmel Corporation, Cypress Semiconductor Corporation, Nexcom International Co., Ltd., Mediatek Inc., Texas Instruments Inc., NXP Semiconductors N.V., Enocean GmbH, Intel Corporation, Broadcom, Marvell and Murata.
IT and Telecommunications
Automotive & Transportation
Connectivity Technologies Covered:
Global Navigation Satellite System (GNSS)
Wireless Highway Addressable Remote Transducer Protocol (WHART)
Near Field Communication (NFC)
Other Connectivity Technologies
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Wireless Connectivity Market, By Application
6 Global Wireless Connectivity Market, By Connectivity Technology
7 Global Wireless Connectivity Market, By Geography
8 Key Developments
9 Company Profiling
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