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.
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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
Asia Pacific
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 https://www.lucintel.com/wireless-connectivity-market.aspx or helpdesk@lucintel.com.
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 www.lucintel.com.