Lucintel anticipates that Asia Pacific will be the fastest growing region in the wireless connectivity market

   October 21, 2019
According to a new market report by Lucintel, the future of the wireless connectivity market looks promising with opportunities in wearable devices, IT and telecommunications, healthcare, transportation, and consumer electronics industries.  The wireless connectivity market is expected to grow with a CAGR of 13% from 2019 to 2024. The major drivers for this market are increasing demand for smart infrastructure, growing internet penetration, increasing demand for smartphones, and increasing adoption of IOT.       

TTo download report brochure, please go to and click "report brochure" tab from the menu.

In this market, Wi-Fi, Bluetooth, Z-Wave, ZigBee, NFC, GPS/GNSS, EnOcean, and cellular are the major wireless technologies.  These technologies are used in the IT and telecommunications, healthcare, transportation, and consumer electronics industries. Lucintel forecasts that Wi-Fi will remain the major technology due to increasing smartphone penetration and increasing adoption of connected home devices, such as smart TVs, thermostats, and lighting solutions.

APAC will remain the largest region over the forecast period due to increasing smartphone demand and internet penetration.

Intel, Qualcomm, NXP Semiconductors, STMicroelectronics, Texas Instruments, Microchip Technology, Mediatek, Cypress Semiconductor, Broadcom, and EnOcean are among the major manufacturers of wireless connectivity.         

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless connectivity market by connectivity technology, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Wireless Connectivity Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the wireless connectivity market by connectivity technology, end use industry, and region as follows:           

By Connectivity Technology [$M shipment analysis for 2013 – 2024]:

  • Wi-Fi 

  • Bluetooth

  • Z-Wave

  • ZigBee 

  • NFC

  • GPS/GNSS          

  • EnOcean              

  • Cellular

  • Others           

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Wearable Devices

  • IT and Telecommunications

  • Healthcare

  • Transportation

  • Consumer Electronics

  • Others  

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [171]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on