Wireless Connectivity Market Size

Global Wireless Connectivity Market Overview

Wireless Connectivity Market Size was valued at USD 118 Billion in 2023. The Wireless Connectivity industry is projected to grow from USD 133.93 Billion in 2024 to USD 359.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.14% during the forecast period (2024 - 2032). The global Wireless Connectivity market is expected to witness substantial growth during the forecast period, primarily due to the growing demand for cloud computing and related technologies.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Covid-19 Analysis

The increasing use of smartphones and the expansion of internet access as a result of COVID-19 constraints have a direct impact on the adoption of healthcare IT systems. The healthcare industry's IT spending has surged as a result. According to a Surescripts 2020 National Progress Report, healthcare providers implemented more interoperability solutions during the COVID-19 pandemic to enhance healthcare management, pricing transparency, and specialty medications. Surescripts increased its prescribing population by 63,000 prescribers and 1.91 billion prescriptions in 2020, crossing the 1 million mark for the first time. The number of prescriptions for banned drugs increased by 52% from 134.2 million in 2019 to 203.6 million in 2020. The number of electronic prescriptions completed through COVID-19 increased by 72.5% during the first month of the new initiative.

Among the end user sectors that make up the wireless connection market are consumer electronics, wearable technology, energy, healthcare, and public safety. This is brought on by a number of factors, such as the expansion of cloud computing environments and the speeding up of the digital transition under COVID-19. The market is developing as a result of wireless connectivity's rising popularity.

Wireless Connectivity Market Trends

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  Increase in Internet penetration rate

  
  

The wealthier countries of North America and Europe have seen a rapid rise in internet penetration over the past 10 years. Global internet usage figures show that in 2022, 54.2% of internet users will be in Asia, 13.9% in Europe, and 6.5% in North America. The fastest growth in internet usage are occurring in countries in the Middle East and Africa. Internet usage is increasing even on mobile devices. As a result of the increased need for internet access, it is predicted that the demand for smart devices incorporating wireless networking technologies would rise. Machine-to-machine (M2M) connection is predicted to grow more than two times globally during the next five years. Delivery trucks, industrial facilities, and warehouse asset tracking systems all employ M2M connections.

Rising Growing adoption of IoT

Important companies like AT&T, Inc. have been providing solutions through their IoT platforms, solutions, and services, including deployment services, automotive solutions, integrated solutions, smart cities, and others. Siemens AG and Cisco Systems, Inc. provide solutions for industrial edge computing, digital twins, network connectivity, data control, and connectivity management. A global infrastructure for the information society is provided by the internet of things technology, allowing cutting-edge services to connect numerous items based on existing and emerging communication technologies. It also has the ability to exchange information interoperably and communicate autonomously without human input.

Wireless Connectivity Market Segment Insights:

Wireless Connectivity Technology Insights

Based on Technology, the global Wireless Connectivity market is segmented into Bluetooth, WiFi, GPS, Ultra Wide, NFC, cellular, ZigBee, SigFox, Lora and Others.

Bluetooth is a well-known technology that is used in many items that need short-range communication, including wireless headphones, mobile phones, laptops, and wireless computer mice. For IoT applications like M2M mesh networking and M2M communications, this technology has considerably developed and matured to deliver more than fixed short-range audio streaming. Excellent capacities, greater speed, and greater flexibility are all features of this technology. The remarkable success of Bluetooth technology is greatly influenced by the considerable freedom it grants developers. In order to meet the expanding need for wireless communication, Bluetooth technology provides developers with a comprehensive variety of full-stack, application-specific solutions via its two radio choices.

In most houses nowadays, a wireless router is utilised to access the internet. The simplicity of setup, mobility within the range of the Wi-Fi access point (router), and the ability to connect numerous devices are benefits. Constraints on bandwidth, slower performance as more devices connect to the same Wi-Fi network, and potential interference from other electromagnetic equipment in the home are some of the disadvantages. For businesses and organisations across many industries, GPS is a powerful and trustworthy tool. Surveyors, scientists, pilots, boat captains, first responders, and those working in mining and agriculture are among those that use GPS every day for work. They use GPS data for navigation, time measurement, location tracking, and the creation of precise maps and surveys. GPS works all the time and in almost any conditions.

FIGURE 2: GLOBAL WIRELESS CONNECTIVITY MARKET SHARE BY TECHNOLOGY 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wireless Connectivity Type Insights

Based on Type, the global Wireless Connectivity market is segmented into WLAN, WPAN, Satellite and Cellular M2M.

A wireless local-area network (WLAN) is a group of colocated computers or other devices that communicate via radio waves as opposed to traditional connections. Anyone accessing a WLAN, or wireless local area network, while reading this page is doing so while online. Devices connected to a wireless local area network (WLAN) do so without wires. As a result, local networks may be installed in buildings like homes and offices without the need for Ethernet connections. WLANs are not limited by the physical port capacity of the router and can serve dozens or even hundreds of devices. One or more repeaters can be rapidly added to a WLAN to extend its range.

The acronym WPAN stands for wireless personal area network. WPAN is actually a PAN (Personal Area Network), where the connected devices are placed all over the user's workspace and connected through wireless technology. For this reason, it is often referred to as "person-centered short-range wireless communication". The normal range is about 10 metres, which is a very little distance. "Plugging in," which defines how close WPAN-equipped devices interact with one another as if they were linked by wire, is one of the essential concepts of WPAN. WPAN connection requires minimal to no infrastructure, in contrast to WLAN (Wireless Local Area Network), where infrastructure deployment is essential.

Wireless Connectivity Applications Insights

Based on the Application, the market has been classified into Healthcare, Public safety, wearable devices, energy, automotive, consumer electronics and others.

As healthcare evolves, hospitals and clinics employ new technologies to improve patient care, increase patient accessibility, and save costs. Hospitals tracked portable devices like EKG machines, defibrillators, and X-ray machines for many years using Wi-Fi technology. Hospitals now have new alternatives for delivering patient care and reaching their overall goals thanks to the development of 4G and 5G mobile cellular technologies as well as new IoT devices and apps. Procedures, patient safety, and health may all be improved via the Internet of Medical Things (IoMT). For instance, there are now continuous glucose monitoring (CGM) devices that enable patients with diabetes to check the level of glucose in their blood on a daily basis. Specific CGM systems can use IoT technology to send patient data to their mobile devices.

Public safety networks are specialised wireless communication systems that may be used in emergencies. They are crucial for enhancing communication between first responders, firemen, and emergency staff. Perhaps most importantly, they are required by law in many different countries around the world. Fires, accidents, natural catastrophes, and unlawful situations are dangers to public safety that might impair in-building communication. In these circumstances, a working, effective public safety network could save lives. The public safety frequencies utilised in the US span from 30 MHz to 150 MHz, 450 MHz, and 800 MHz when compared to cellular DAS. Responders also use land mobile radio (LMR) phones, which have a transmission power level that is substantially higher than that of standard cellular handsets (between 3 and 5 watts).

Wireless Connectivity Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. 

Asia-Pacific accounts for the largest share of the market which accounts to 31.9% while the second largest share is hold by North America which is 27.9%. Due to the increasing rate of public technology adoption, North America controls the global wireless connection market in terms of revenue. Market expansion is facilitated by both consumer expenditure and regional consumer behavior. Energy, agriculture, and other sectors in the area that are in the growth stage are expected to be major drivers of the market for wireless connection.

In Europe, the market is growing largely as a result of the increase in internet and smartphone usage, the widespread adoption of cloud computing and Internet of Things (IoT)-enabled platforms, and the significant use of wireless sensors in smart infrastructure. This is affected by how much more people are aware of the benefits of wireless communication and how much more low-power wide-area (LPWA) networks are in demand. Therefore, manufacturers have been pushed to include various wireless security cameras for asset monitoring and smart lighting technologies, which serve as another growth-inducing component, as a result of governments' positive efforts to build smart cities. The market is also growing as a result of the development of artificial intelligence (AI) solutions and the substantial incorporation of ZigBee, thread, and near-field communication (NFC) technology.

Spain, Holland, Denmark, Italy, and more countries are covered in the remainder of Europe. Due to the end user industry's adoption of artificial intelligence (AI) and machine learning (ML), the industrial IoT market is employed more often. The growing possibility of device theft and data breaches is expected to restrain the industrial IoT industry. Opportunities exist for the industrial IoT industry as a result of global digitization and rising internet usage. So, the market is expanding.

FIGURE 3: GLOBAL WIRELESS CONNECTIVITYMARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wireless Connectivity Key Market Players & Competitive Insights

The wireless connection industry is characterized by numerous international, regional, and local suppliers. All of the businesses are vying for market share in a fiercely competitive industry. Key obstacles to market expansion include fierce rivalry, quick technological advancements, frequent changes in governmental rules, and environmental restrictions. Cost, product quality, dependability, and governmental requirements are all factors that the suppliers compete on. In a market that is very competitive, vendors must offer affordable, high-quality wireless connection devices in order to thrive.

The major players concentrate mostly on the creation of wireless communication solutions. Despite the market being dominated by foreign competitors, regional and foreign competitors with smaller market shares are also present. During the forecast period, the international players might increase their global presence through acquisitions. Additionally, it has been predicted that improvements in the global economic environment, along with initiatives to improve infrastructure in developing countries, are driving market expansion, making now an ideal time to introduce new wireless connectivity products and expand the market share globally.

Key Companies in the Wireless Connectivity market include

• Texas Instruments Inc.


• Cypress Semiconductor Corporation


• Intel Corporation


• AT&T Inc.


• STMicroelectronics NV


• Renesas Electronics Corporation


• Mediatek, Broadcom


• Enocean


• Nexcom International Co., Ltd.


• Ceva, Inc

Wireless Connectivity Industry Developments

February 2024 saw the launch of two new wi-fi modules, FCU741R and FCS950R, as well as Bluetooth modules, HCM010S and HCM111Z, by Quectel Wireless Solutions, a global IoT solutions provider. The company hopes that this launch of Bluetooth and wi-fi modules will give designers and developers numerous options to choose from with regard to size, cost, and power efficiency.

In January 2024, Ceva Inc., a licenser of silicon and software IP enabling reliable and efficient connection, sensing, and data inference for Smart Edge devices, together with Sunplus Technology Co. Ltd, a chip provider in multimedia/automotive applications, announced the expansion of their partnership to integrate Ceva's latest generation RivieraWaves Bluetooth audio solution into the Sunplus airline family of HD audio processors targeting wireless speakers, soundbars and other premium wireless audio devices.

Radisys® Corporation launched its innovative 5G Advanced Wireless Connectivity Software ready-made for Industry 4.0 and private 5G networks in February 2024.

Microsoft has revealed plans to trial a wireless network inside an at-the-premises data center near the Redmond, Washington-headquartered company’s campus. In recent FCC filings, Microsoft mentioned that it is also considering using wireless communications to support wired communication infrastructure existing in data centers.

Telstra announced Ericsson Private 5G – an on-premise dedicated 5G network for enterprises based on a single-server 5G dual-mode core in January 2022. Developed by Telstra, these advanced network capabilities offer an industrial wireless connectivity platform that can provide low latency coupled with enhanced resiliency for businesses.

HFCL Limited (HFCL) reportedly claims to be India’s first company to invent its own indigenously designed & developed 5G Fixed Wireless Access (FWA) Customer Premise Equipment (CPE) solution in December’23. According to HFCL, with its 5G FWA Products, customers can get optical-fiber-like connectivity on a 5G wireless network, thereby eliminating the broadband divide between served and underserved regions through hassle-free wireless broadband connectivity. Therefore, all these factors contribute to regional market growth.

Intended Audience

• Technology Investors


• Regulatory Industries


• Government Bodies


• Gaming Industry


• IoT Industry

Wireless Connectivity Market Segmentation:

Wireless Connectivity Technology Outlook

• Bluetooth


• WiFi


• GPS


• Ultra Wide


• NFC


• Cellular


• ZigBee


• SigFox


• Lora

Wireless Connectivity Type Outlook

• WLAN


• WPAN


• Satellite


• Cellular M2M.

Wireless Connectivity Application Outlook

• Healthcare


• Public safety


• wearable devices


• Energy


• Automotive


• Consumer electronics


• Others

Wireless Connectivity Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa


• South America