Wireless Connectivity Market

Market Leadership - Wireless Connectivity Market

The global wireless connectivity market size is expected to grow from USD 58.4 billion in 2019 to USD 141.1 billion by 2025, growing at a CAGR of 15.4%. The major factors driving the Wireless Connectivity industry growth drivers are the rising demand for wireless sensor networks in the development of smart infrastructure, increase in the internet penetration rate, growth in adoption of the internet of things (IoT), increasing trends like work from home and virtual learning pertaining to the COVID-19 pandemic, increased demand for low-power wide-area (LPWA) networks in the IoT applications. High power consumption by wireless sensors, terminals & connected devices, and lack of uniform communication standards act as restraints for the wireless connectivity market.

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), Cypress Semiconductor Corporation (US), Renesas Electronics Corporation (Japan) are a few major players in the Wireless Connectivity market. These players have adopted various growth strategies, such as product launches and developments, and acquisitions to further expand their presence in the global Wireless Connectivity industry. Product launches and developments have been the most adopted strategies adopted by major players from 2018 to 2020 that have helped them to innovate on their offerings and broaden their customer base.

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Qualcomm Incorporated ranked first in the global wireless connectivity market. It is one of the key players in the global semiconductor industry involved in designing and marketing of wireless telecommunications products and services that are widely adopted in mobile devices and other wireless products, such as network equipment and broadband gateway equipment. In addition to cellular devices, the company’s technology and products are suitable for automobile, IoT, data center, networking, and computing and machine learning applications. Qualcomm develops and supplies ICs and system software based on CDMA, OFDMA, and other technologies for use in mobile devices, wireless networks, devices used in the IoT, broadband gateway equipment, consumer electronic devices, and automobile telematics and infotainment systems.

Broadcom is also a major player in Wireless Connectivity Market. It offers an extensive product portfolio that comprises 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 four primary markets: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Others. The company is well-positioned to serve its customers globally through its design, technology transfer, and manufacturing phases across all geographies. Broadcom has many sales offices located in various countries, with a significant presence in Asia, which is the center of the worldwide electronics supply chain. The company focuses on collaborations and selective M&A activities to expand its market footprint, strengthen the competitive position, fill portfolio gaps, and, above all, strengthen its ability to create value and accelerate profitable growth.

Related Reports:

Wireless Connectivity Market by Connectivity Technology (Wi-Fi, Bluetooth, NFC, ZigBee, GNSS, LTE CAT-M1, NB-IoT, LoRa, SigFox), Type (WLAN, WPAN, LPWAN), End-use (Wearables, Consumer Electronics, Healthcare), and Region - Global Forecast to 2025

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Report Code
SE 4662
RI Published ON
10/7/2020
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