Wireless Connectivity Market

Qualcomm (US) and Broadcom (US) are theTop 2 Players in the Wireless Connectivity Market

The wireless connectivity market is expected to be worth USD 95.66 billion by 2023 from USD 50.96 Billion in 2018, at a CAGR of 13.42% during the forecast period. The increased demand for wireless sensor networks for creating smart infrastructure, increased demand for low-power wide-area (LPWA) networks in IoT applications, significant increase in the internet penetration rate, and rise in the adoption of IoT are the major factors driving the growth of the wireless connectivity market. The development of 5G network and significant financial support from governments across the world for R&D in the Internet of Things are expected to offer lucrative opportunities for the players in the wireless connectivity market during the forecast period.

The wireless connectivity market is highly competitive with a large number of global and local market players. The product launches and developments strategies have been the most prominent strategies followed by the key industry players in the recent years. Moreover, partnerships, collaborations, and agreements are the other major growth strategies followed by the companies in the wireless connectivity market. The key players implementing these strategies are Qualcomm (US), Intel (US), Broadcom (US), MediaTek (Taiwan), Texas Instruments (US), Cypress Semiconductor (US), NXP Semiconductors (Netherlands), and STMicroelectronics (Switzerland), Microchip (US), and EnOcean (Germany). The report also covers other market players such as NEXCOM (Taiwan), Skyworks Solutions (US), Murata Manufacturing (Japan), Marvell Technology (US), Quantenna Communications (US), Renesas Electronics (Japan), Nordic Semiconductor (Norway), CEVA (US), Espressif Systems (China), Peraso Technologies (Canada).

Top 2 players in the wireless connectivity market:

Qualcomm held the leading position in the market for wireless connectivity solutions based on Bluetooth Smart, Smart Ready, Wi-Fi, and Cellular technologies. The company focuses on product launches and developments as part of its key business strategy to ensure its growth in the said market. In February 2017, Qualcomm announced 2 new SoCs-QCA4020 and QCA4024. Qualcomm Technologies was the first to announce a tri-mode SoC QCA4020, integrating Bluetooth Low Energy 5, dual-band Wi-Fi, and 802.15.4-based technologies, including ZigBee and Thread, while Bluetooth Low Energy 5 and 802.15.4-based technology has been integrated into QCA4024. The company also focuses on acquisitions to expand its footprint in different business segments and increase revenue. For instance, in August 2015, the company completed the acquisition of CSR PLC (UK), a leading fabless provider of end-to-end semiconductor and software solutions, for the Internet of Everything (IoE) and automotive applications.

Broadcom provides one of the broadest product portfolios containing state-of-the-art system-on-chip (SoC) solutions. The company is a designer, developer, and global supplier of products based on analog and digital semiconductor technologies within 4 primary markets: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The company is well positioned to serve its customers globally through its design, technology transfer, and manufacturing phases across all geographic regions. Broadcom has a number of sales offices located in various countries, with a significant presence in Asia, which is a key center of the worldwide electronics supply chain. The company focuses on collaborations and selective M&A activities to expand its market footprint, strengthen competitive position, fill portfolio gaps, and, above all, strengthen Broadcom’s ability to create value and accelerate profitable growth. In April 2016, Broadcom announced the acquisition of its Wireless Internet of Things (IoT) business by Cypress Semiconductor (US) for USD 550 million. The deal resulted in the acquisition of Broadcom’s Wi-Fi, Bluetooth, and ZigBee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem. The acquisition will address the fast-growing IoT market.

Related Reports:

Wireless Connectivity Market by Connectivity Technology (Wi-Fi, Bluetooth Classic, Bluetooth Smart, NFC, ZigBee, Z-Wave, GNSS, LTE Cat-M1, NB-IoT, LoRa, Sigfox), Type (WLAN, WPAN, LPWAN), and Geography - Global Forecast to 2023

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