Wireless Connectivity Market is estimated to reach US$ 127.9 Bn by 2027 from US$ 46.1 Bn in 2018

Latest market study on “Wireless connectivity Market to 2027 – Global Analysis and Forecasts by Technology (Wi-Fi, Bluetooth, Cellular, Zigbee, GNSS, and Others); End-Use (Industrial, Construction & Infrastructure, Energy & Utilities, Automotive & Transportation, Healthcare, Consumer, and Others) and Geography”, the Wireless connectivity market is estimated to reach US$ 127.9 Bn by 2027 from US$ 46.1 Bn in 2018. The report includes key understanding of the driving factors of this market and also highlights the prominent players in the market and their developments.

With the growing integration of advanced technologies such as IoT and artificial intelligence in the next generation automobiles, the automotive sector is expected to contribute a significant part in the global wireless connectivity market. The applications of artificial intelligence in the automotive and transportation industry is driving the evolution of the next generation of intelligent automotive systems. The current advancements in Google’s Driverless cars and Tesla’s Autopilot features, it has been already proved that integration of these advanced technologies will drive the future of the automotive industry in the coming future. The applications of AI, IoT, 5G in the automotive is impacting automakers and transport companies worldwide, and this trend is expected to boost the wireless connectivity market in the coming years. There are major transformations being experienced by the automotive & transportation industry that include autonomous driving, road safety & traffic efficiency services, digitalization of transportation & logistics, intelligent navigation and information on the road. All these technologies require a robust wireless connectivity infrastructure that would enable two-way communication between vehicles while on the go. Hence, the advent of intelligent and smart automobile presents an excellent opportunity for the growth of the wireless connectivity market worldwide.

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In the current scenario, various consumer devices are used by consumers for a plethora of tasks. Consumer devices such as smartphones, tablets, PCs, TVs, washing machines, fridge, music players, etc. have become an integral part of consumers’ lives. All these devices are becoming smarter with the ongoing technological advancements and integration of IoT and AI. The market for consumer devices is continuously growing, owing to the fact that manufacturers are regularly coming up with advanced technologies and features in their devices and disposable income of consumers is also rising.

In the global wireless connectivity market, new market initiative is a strategy adopted by various companies to expand their footprint across the world and meet the growing demand of customers. The market players present in the wireless connectivity market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, and funding, companies are expanding their footprint in the wireless connectivity market. Most of the wireless connectivity market initiatives were observed in Asia Pacific, North America, and Europe regions, which have high adoption rate of advanced technologies such as IoT and AI.

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On the basis of end-use, the global wireless connectivity market is categorized into industrial, construction and infrastructure, energy and utilities, automotive & transportation, healthcare, consumer, and others. The ever-increasing penetration of advanced technologies such as artificial intelligence and Internet of Things (IoT) in every industry sector is contributing to the impressive growth of wireless technologies such as Wi-Fi, Cellular, Bluetooth, Zigbee, GNSS, Wi-Max and many others. These technologies are allowing businesses to prioritize and automate decision making, analyze big complex structured and unstructured data to provide deeper insights and improve efficiency by accurate planning.

Wireless Connectivity Market – Company Profiles

Broadcom Inc.
Cypress Semiconductor Corporation
Intel Corporation
MediaTek Inc.
Microchip Technology Incorporated
NXP Semiconductors N.V
Panasonic Corporation
Qualcomm Incorporated
STMicroelectronics N.V.
Texas Instruments Incorporated

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