Wi-Fi IoT Market by Component (Hardware, Solutions, and Services), Application (Industrial IoT, Commercial IoT, Smart Home), Organization Size, Vertical (Education, Retail, Enterprise, Healthcare & Life Sciences) & Region - Global Forecast to 2027
Wi-Fi will play a major role in IoT environments, alone or interworking with specialized protocols, or with cellular. It provides support to broadband and narrowband IoT applications that can work at different levels of power consumption and signal range.
The global Wi-Fi IoT market size is projected to grow from USD 0.98 billion in 2022 to USD 2.67 billion by 2027, at a compound annual growth rate (CAGR) of 22.1% during the forecast period. Using Wi-Fi, IoT solutions can securely interconnect with each other and various user-centric devices driving the growth of Wi-Fi IoT market.
Driver: The latest enterprise-grade security protocols of Wi-Fi ensure data protection for Wi-Fi IoT devices
Integration and interoperability features offered by Wi-Fi enable IoT applications to securely interconnect with one another and to billions of user-centric devices to unlock the greatest benefits of IoT applications and environments. Latest Wi-Fi protocols promise to address the flaws hampering the technology’s widespread adoption for the IoT. These protocols are specifically designed to fulfil the requirements of dense deployments, both public and industrial. The enhancements include improvements to throughput and spectral efficiency, allowing for more network connections while still maintaining good service.
Challenge: High power consumption of Wi-Fi
The primary aim of Wi-Fi is to provide good throughput, which costs battery power. In contrast, IoT wireless technologies typically have limited on-air time hence it extends battery life and minimizes maintenance. Using Wi-Fi for IoT applications provides a limited range and low energy efficiency. Wi-Fi is suitable only for those IoT applications that don’t have to bother about power, which need to send a lot of data, and that don’t need high range such as home security system.
Key players in the market
The major players in the global Wi-Fi IoT market are Cisco (US), Nordic Semiconductor (Norway), ON Semiconductor (US), Synaptics (US), Infineon Technologies (Germany), Huawei (China), Extreme Networks (US), NXP Semiconductors (Netherlands), Advantech (Taiwan), Aruba (US), Silicon Labs (US), STMicroelectronics (Switzerland), Qorvo (US), Alcatel-Lucent Enterprise (France), Enea (Sweden), Telit (US), Argus Systems (India), Laird Connectivity (US), SparkLAN (Taiwan), Wireless IoT Solutions GmbH (Germany), and Morse Micro (Australia).
Recent Developments:
- In August 2022, Nordic Semiconductor announced its first WiFi-enabled chip. This will leverage the company’s strong market position in Bluetooth LE to enter the highly competitive Wi-Fi IoT market for sensors and other low-power devices
- In September 2022, Morse Micro received USD 94 million funding in the Series B round led by Japan’s MegaChips Corporation. The funding will accelerate the Wi-Fi HaLow IoT ecosystem of Morse Micro.
- In December 2020, Huawei launched All-in-One Smart Home solution. It combines the narrow-bandwidth PLC-IoT home bus that integrates multiple networks with the high-bandwidth home ultra-broadband backbone network that supports distributed WiFi 6 to provide a smart host solution.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 INCLUSIONS AND EXCLUSIONS
1.3.4 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interview with experts
2.1.2.2 List of key primary interview participants
2.1.2.3 Breakdown of primary profiles
2.1.2.4 Primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
2.2.2 BOTTOM-UP APPROACH
2.2.1 DEMAND-SIDE ANALYSIS
2.2.2 SUPPLY-SIDE ANALYSIS
2.2.1 GROWTH FORECAST ANALYSIS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL WI-FI IOT MARKET
4.2 MARKET, BY APPLICATION
4.3 MARKET, BY COMPONENT AND REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.3 INDUSTRY TRENDS
5.3.1 ECOSYSTEM: WI-FI IOT MARKET
5.3.2 CASE STUDIES
5.3.3 TECHNOLOGY ANALYSIS
5.3.3.1 IoT
5.3.3.2 Cloud Computing
5.3.3.3 WiMAX
5.3.3.4 5G
5.3.4 PATENT ANALYSIS
5.3.4.1 Methodology
5.3.4.2 Document Type
5.3.4.3 Innovation And Patent Applications
5.3.4.3.1 Top applicants
5.3.5 SUPPLY/VALUE CHAIN ANALYSIS
5.3.6 PORTER’S FIVE FORCES ANALYSIS
5.3.6.1 Threat of new entrants
5.3.6.2 Threat of substitutes
5.3.6.3 Bargaining power of suppliers
5.3.6.4 Bargaining power of buyers
5.3.6.5 Intensity of competitive rivalry
5.3.7 TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS
5.3.8 PRICING ANALYSIS
5.3.8.1 Pricing models and indicative price points
5.3.9 REGULATORY LANDSCAPE
5.3.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
5.3.10 KEY STAKEHOLDERS & BUYING CRITERIA
5.3.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.3.10.2 BUYING CRITERIA
5.3.11 KEY CONFERENCES & EVENTS IN 2022-2023
6 WI-FI IOT MARKET, BY COMPONENT
6.1 INTRODUCTION
6.1.1 COMPONENT: MARKET DRIVERS
6.2 HARDWARE
6.2.1 ACCESS POINT
6.2.2 WIRELESS HOTSPOT GATEWAYS
6.2.3 SENSOR AND CONTROLS
6.2.4 SYSTEM-ON-A-CHIP (SOC)
6.2.5 OTHER HARDWARE
6.3 SOLUTIONS
6.4 SERVICES
6.4.1 PROFESSIONAL SERVICES
6.4.1.1 Training and Consulting
6.4.1.2 Deployment and integration
6.4.1.3 Support and maintenance
6.4.2 MANAGED SERVICES
7 WI-FI IOT MARKET, BY APPLICATION
7.1 INTRODUCTION
7.1.1 APPLICATION: MARKET DRIVERS
7.2 INDUSTRIAL IOT
7.3 COMMERCIAL IOT
7.4 SMART HOME
7.5 OTHER APPLICATIONS
8 WI-FI IOT MARKET, BY ORGANIZATION SIZE
8.1 INTRODUCTION
8.1.1 ORGANIZATION SIZE: MARKET DRIVERS
8.2 LARGE ENTERPRISES
8.3 SMALL AND MEDIUM-SIZED ENTERPRISES
9 WI-FI IOT MARKET, BY VERTICALS
9.1 INTRODUCTION
9.1.1 VERTICALS: MARKET DRIVERS
9.2 HEALTHCARE & LIFE SCIENCES
9.3 RETAIL
9.4 ENTERPRISE
9.5 MANUFACTURING
9.6 GOVERNMENT
9.7 OTHER VERTICALS
10 WI-FI IOT MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: PESTLE ANALYSIS
10.2.2 UNITED STATES
10.2.3 CANADA
10.3 EUROPE
10.3.1 EUROPE: PESTLE ANALYSIS
10.3.2 UNITED KINGDOM
10.3.3 GERMANY
10.3.4 FRANCE
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: PESTLE ANALYSIS
10.4.2 CHINA
10.4.3 JAPAN
10.4.4 INDIA
10.4.5 REST OF ASIA PACIFIC
10.5 MIDDLE EAST AND AFRICA
10.5.1 MIDDLE EAST AND AFRICA: PESTLE ANALYSIS
10.5.2 UNITED ARAB EMIRATES
10.5.3 SOUTH AFRICA
10.5.4 REST OF MIDDLE EAST AND AFRICA
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: PESTLE ANALYSIS
10.6.2 BRAZIL
10.6.3 MEXICO
10.6.4 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET EVALUATION FRAMEWORK
11.3 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3.1 OVERVIEW OF STRATEGIES DEPLOYED BY KEY WI-FI IOT TECHNOLOGY PROVIDERS
11.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS
11.5 MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS
11.6 COMPANY EVALUATION QUADRANT
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVES
11.6.4 PARTICIPANTS
11.7 STARTUP/SME EVALUATION QUADRANT
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.8 COMPETITIVE BENCHMARKING
11.9 COMPETITIVE SCENARIO AND TRENDS
11.9.1 PRODUCT LAUNCHES
11.9.2 DEALS
11.9.3 OTHERS
12 COMPANY PROFILES
12.1 INTRODUCTION
12.2 KEY PLAYERS
12.2.1 CISCO
12.2.1.1 Business and Financial overview
12.2.1.2 Products Offered
12.2.1.3 Recent developments
12.2.1.4 MNM VIEW
12.2.1.4.1 Key strengths/right to win
12.2.1.4.2 Strategic choices made
12.2.1.4.3 Weaknesses and competitive threats
12.2.2 NORDIC SEMICONDUCTORS
12.2.2.1 Business and Financial Overview
12.2.2.2 Products Offered
12.2.2.3 Recent developments
12.2.2.4 MNM VIEW
12.2.2.4.1 Key strengths/right to win
12.2.2.4.2 Strategic choices made
12.2.2.4.3 Weaknesses and competitive threats
12.2.3 ON SEMICONDUCTORS
12.2.3.1 Business and Financial Overview
12.2.3.2 Products Offered
12.2.3.3 Recent developments
12.2.3.4 MNM VIEW
12.2.3.4.1 Key strengths/right to win
12.2.3.4.2 Strategic choices made
12.2.3.4.3 Weaknesses and competitive threats
12.2.4 SYNAPTICS
12.2.4.1 Business and Financial Overview
12.2.4.2 Products Offered
12.2.4.3 Recent Developments
12.2.4.4 MNM VIEW
12.2.4.4.1 Key strengths/right to win
12.2.4.4.2 Strategic choices made
12.2.4.4.3 Weaknesses and competitive threats
12.2.5 INFINEON TECHNOLOGIES
12.2.5.1 Business and Financial Overview
12.2.5.2 Products Offered
12.2.5.3 Recent Developments
12.2.5.4 MnM View
12.2.5.4.1 Key strengths/right to win
12.2.5.4.2 Strategic choices made
12.2.5.4.3 Weaknesses and competitive threats
12.2.6 HUAWEI
12.2.6.1 Business and Financial Overview
12.2.6.2 Products Offered
12.2.6.3 Recent developments
12.2.7 EXTREME NETWORKS
12.2.7.1 Business and Financial Overview
12.2.7.2 Products Offered
12.2.7.3 Recent developments
12.2.8 NXP SEMICONDUCTORS
12.2.8.1 Business and Financial Overview
12.2.8.2 Products Offered
12.2.8.3 Recent developments
12.2.9 ADVANTECH
12.2.9.1 Business and Financial Overview
12.2.9.2 Products Offered
12.2.9.3 Recent developments
12.2.10 ARUBA
12.2.10.1 Business and Financial Overview
12.2.10.2 Products Offered
12.2.10.3 Recent developments
12.2.11 SILICON LABS
12.2.11.1 Business and Financial Overview
12.2.11.2 Products Offered
12.2.11.3 Recent developments
12.2.12 STMICROELECTRONICS
12.2.12.1 Business and Financial Overview
12.2.12.2 Products Offered
12.2.12.3 Recent developments
12.2.13 QORVO
12.2.13.1 Business and Financial Overview
12.2.13.2 Products Offered
12.2.13.3 Recent developments
12.2.14 ALCATEL-LUCENT ENTERPRISE
12.2.14.1 Business and Financial Overview
12.2.14.2 Products Offered
12.2.14.3 Recent developments
12.2.15 ENEA
12.2.15.1 Business and Financial Overview
12.2.15.2 Products Offered
12.2.15.3 Recent developments
12.3 STARTUPS/ SMES
12.3.1 TELIT
12.3.2 ARGUS SYSTEMS
12.3.3 LAIRD CONNECTIVITY
12.3.4 SPARKLAN
12.3.5 WIRELESS IOT SOLUTIONS
12.3.6 MORSE MICRO
12.3.7 COMPANY 7
12.3.8 COMPANY 8
12.3.9 COMPANY 9
12.3.10 COMPANY 10
(The list of players is subject to further modification over the course of research)
13 ADJACENT AND RELATED MARKETS
13.1 ADJACENT AND RELATED MARKETS
13.1.1 INTRODUCTION
13.1.2 WI-FI MARKET
13.1.2.1 Market definition
13.1.2.2 Market overview
13.1.3 IOT MARKET
13.1.3.1 Market definition
13.1.3.2 Market overview
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
Growth opportunities and latent adjacency in Wi-Fi IoT Market