The global market for wireless connectivity is estimated to grow at a CAGR of 13.8% during the forecast period. The market is mainly driven due to the growing integration of IoT devices, growing internet penetration, technical advancement in telecommunication and high penetration of smartphones across the globe. At present, there are various types of IoT-based wearable devices are getting into the market. Fitness trackers, sensors, smartwatches, hearing aids, and pacemakers are the dominating wearable devices in wireless connectivity. In February 2019, Samsung introduces three new wearables such as galaxy wearables, galaxy watch active and galaxy fit/galaxy fit e for balanced and connected living. Galaxy buds have wireless charging and device to devise power-sharing and also get a quick charging boost on the go from Galaxy S10 which is the latest Samsung smartphone. Galaxy watch active has WPC-based (Wireless Power Consortium) wireless connectivity and galaxy fit/galaxy fit e has NFC (Near Field Communication) wireless connectivity for charging.
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Segmental Outlook
The global wireless connectivity market is segregated on the basis of technology and application. Based on the technology the global wireless connectivity market is classified into Wi-Fi, Bluetooth, ZigBee, near field communication (NFC), cellular technologies, global navigation satellite system (GNSS), and others (Enocean, Z-Wave). The Wi-Fi segment is projected to hold a significant share in the global wireless connectivity market owing to the growing application of Wi-Fi as a wireless connectivity solution in various sectors such as consumer and enterprise. On the basis of the application, the market is further segmented into consumer electronics, automotive and transportation, healthcare, industrial, IT & telecom and others (building automation).
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Market Segmentation
Global Wireless Connectivity Market by Technology
- Wi-Fi
- Bluetooth
- Zigbee
- Near Field Communication (NFC)
- Cellular Technologies
- Global Navigation Satellite System (GNSS)
- Others (Enocean, Z-Wave)
Global Wireless Connectivity Market by Application
- Consumer Electronics
- Automotive and Transportation
- Healthcare
- Industrial
- IT & Telecom
- Others (Building Automation)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Ceva, Inc.
- EnOcean GmbH
- Espressif Systems Pte., Ltd.
- Broadcom Inc.
- Cypress Semiconductor Corp.
- Intel Corp.
- Microchip Technology Inc.
- MediaTek Inc.
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