Wi-Fi IoT Market

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

Report Code: UC 6183 Jan, 2024, by marketsandmarkets.com

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.

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 technologyís 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 donít have to bother about power, which need to send a lot of data, and that donít 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 companyís 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 Japanís 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 PORTERíS 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: MARKETSANDMARKETSí  SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS


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