Global Wireless Connectivity Market – Overview
Connectivity to devices as well as to networks has increasingly become wireless. Market Research Future which concentrates on market reports related to the semiconductors and electronics sector among others recently published a report on this industry. The market on a global level is anticipated to expand to USD 30.4 Billion by the year 2022 while expanding at a projected CAGR of 10.9% in the forecast period.
Increasing number of hand held devices and wireless devices have intensified the rate of development of this sector. The upgradation of networks have been instrumental in the development of the market to a certain extent. Advent of IoT has also acted as an important motivator for the expansion of the market. Upswing in the usage of smartphone devices relying on wireless connectivity have additionallys improved the growth of the market.
The prominent players in the market of Wireless Connectivity Market are – Texas Instruments Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Cypress Semiconductor Corporation (U.S.), Microchip Technology Inc. (U.S.), Qualcomm Incorporated. (U.S.), Weidmüller Interface GmbH & Co. (U.S.), Nexcom International Co., Ltd. (Taiwan), Bernafon Canada Ltd. (Canada), Intel Corporation. (U.S.) and MediaTek Inc. (Taiwan) among others.
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Feb 2018 Ruckus Networks has declared recently that it has finalized an international original equipment manufacturing (OEM) agreement with Dell EMC. The agreement enables Dell EMC’s networking sales team and end-user clientele access to Ruckus’ brand presence and assortment of secure wireless connectivity solutions which is not accessible through other suppliers. Dell EMC will bring Ruckus’ range of wireless solutions as Dell-branded solutions comprising controllers, secure network access software, access points, virtualised and data analytics assets along with Ruckus IoT and CBRS LTE products.
Feb 2018 Airgain Inc which is a wireless connectivity platforms company, has recently agreed on a multi-year partnership with McLaren Technology Group to boost technological progression in the automotive sector. The association will permit the organizations to discover the co-creation of wireless connectivity solutions. Airgain will also help McLaren Racing incorporate technology on-car, off-car and at the McLaren Technology Centre. Airgain has an assortment of connectivity solutions and knowledge in antenna uses for public safety, government and enterprise uses.
The worldwide wireless connectivity industry has been divided into deployment, technology and applications. The technology division includes Wi-Fi, GPS, Bluetooth, cellular, ultra wide band and others. The deployment category contains gateways, control devices, cloud and others. The application category consists of public safety, healthcare, energy, wearable devices, consumer electronics, automotive and others.
The region wise study of this market states that North America is anticipated to boost the market owing to the intense research and development activities in the field of wireless connectivity, growth of a number of IoT, high penetration of Internet of Things, and cloud start-ups in the region which is trailed by the European and Asia Pacific market. The Asia-Pacific region is anticipated to develop owing to growth in the level of investments in the internet of things sector and various other industry verticals such as healthcare, manufacturing and transportation among others. Surge in the number of mobile user and also of many wearable devices is estimated to contribute for the development of the wireless connectivity market. The North American region is estimated to hold the top market share due to the presence of early technology adopters in the region. The region is also helped by the existence of technologically progressive countries such as U.S. and Canada which are encouraging the wireless connectivity market.
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Global Competitive Analysis
The contenders in the industry are aiming to grow their market portion to a by the usage of major assets to enable growth transformations which will be good for the long run transformation of the sector. The outlook for growth in the market has a high level of potential. This approach is encouraging for the volume driven growth of the sector. The industry is maintaining the growth potential of the market through continuous ongoing course advances and supporting financial flexibility to spend in the finest strategies when they arise. Varied products will increase the demand levels of the industry which will lead to speedy growth in the market.
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