The key factors driving the growth of the wireless connectivity market are increasing demand for wireless sensor networks in the development of smart infrastructure, and growing trends such as work from home and virtual learning. The Wireless Connectivity market is projected to grow from USD 109.3 billion in 2022 to USD 199.3 billion by 2027; it is expected to grow at a CAGR of 12.8% from 2022 to 2027. The sizable adoption internet across the continents supported by increased need of LPWAN and WPAN connectivity technologies is anticipated to drive the market demand of wireless connectivity technologies significantly
This report covers key end uses wearable devices, healthcare, consumer electronics, building automation automotive & transportation, and others. The Key players in the Wireless Connectivity market include Intel Corporation (US), Texas Instruments Incorporated (US), Qualcomm Incorporated (US), Broadcom (US), STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (Netherlands), Microchip Technology Inc. (US), MediaTek Inc. (Taiwan), and Renesas Electronics Corporation (Japan).
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Qualcomm Technologies, Inc., a major player in the semiconductor and telecommunication service providing industry was founded in 1985 in Delaware (US). The company offers its solutions to wide array of industries including automotive transportation, consumer electronics, wearables, building automation, healthcare, and many more. The company operates through three primary business segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives (QSI).
Broadcom, founded in 1961 and headquartered in California, US, is a designer, developer, and global supplier of products based on analog and digital semiconductor technologies through two primary segments: Semiconductor Solutions and Infrastructure Software. The applications served by the company include data center networking, home connectivity, broadband access, telecommunication equipment, smartphones, and base stations. It develops semiconductor devices with a focus on complex digital and mixed signal complementary metal-oxide-semiconductor (CMOS)-based devices and analog III-V-based products. The products are used in enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones, base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. The infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms.
Wireless Connectivity Market by Connectivity (Wi-Fi, Bluetooth Classic, Bluetooth 4X, Bluetooth 5X, ZigBee, Z-Wave, UWB, NFC, Thread, GNSS, Cellular, EnOcean, Sigfox, LoRa, LTE Cat-M1, NB-IoT), End-use and Region - Global Forecast to 2027
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