The market for Wi-Fi technology expected to register the largest shipment between 2018 and 2023.

Northbrook, IL -- (SBWire) -- 11/01/2018 --[188 Pages Report] The wireless connectivity market was valued at USD 44.34 Billion in 2017 and is expected to reach USD 95.66 Billion by 2023, at a CAGR of 13.42% during the forecast period. The base year considered for this study is 2017, and the forecast period is between 2018 and 2023.

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Objectives of the Study:

##To define, describe, and forecast the wireless connectivity market, in terms of value and volume, segmented on the basis of connectivity technology, type, and geography

##To forecast the market size, in terms of value and volume, for various segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)

##To provide detailed information and analysis of major factors influencing the market growth (drivers, restraints, opportunities, and challenges)

##To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market

#To provide a detailed overview of the value chain of the ecosystem of wireless connectivity solutions

#To analyze opportunities in the market for stakeholders by identifying high-growth segments of the wireless connectivity market

#To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders

#To analyze growth strategies such as product launches and developments, acquisitions, expansions, and agreements adopted by the major players in the wireless connectivity market

The research methodology used to estimate and forecast the wireless connectivity market begins with capturing data on key vendor revenues through secondary research. The secondary sources include research papers and journals of ZigBee Alliance, IEEE Association (US), Bluetooth Special Interest Group (US), Wi-Fi Alliance (US), Global Semiconductor Alliance (US), Semiconductor Industry Association (US), European Semiconductor Industry Association, Belgium (ESIA), and MarketsandMarkets Analysis. Moreover, vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the overall wireless connectivity technologies from the revenue of the key players in this market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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This report covers the wireless connectivity market segmented on the basis of connectivity technology, type, and geography. In terms of connectivity technology, LTE Cat-M1 is expected to grow at highest CAGR during the forecast period. The increase in the adoption of IoT/M2M communication solutions, rise in the demand for longer connectivity, and need for low-power consumption and low-cost connectivity technologies are driving the market for chipsets based on LTE Cat-M1 technology.

The market for Wi-Fi–enabled chipsets is expected to hold the largest size of the wireless connectivity market in APAC between 2018 and 2023. The increase in the penetration of smartphones in the middle-class population in emerging economies, such as India, Indonesia, and other Southeast Asian countries, is boosting the growth of the market for connected devices based on Wi-Fi technology.

In terms type, the market for cellular expected to hold the largest size of wireless connectivity market between 2018 and 2023. The government projects related to smart cities and the development proposals for the existing utility infrastructure are expected to boost the cellular M2M market during the forecast period. Over the next 5 years, cellular M2M technology is expected to be largely employed for smart metering solutions.

APAC is expected to hold the largest share of the wireless connectivity market during the forecast period. This growth of wireless connectivity in Asia Pacific is attributed to the growing adoption of smartphones and other connected consumer electronics products such as smart TVs and smart lighting solutions. Moreover, the new announcement of smart city projects in developing countries, such as India and China, wherein advanced technologies such as the Internet of Things (IoT) and machine-to-machine communication (M2M) are likely to be employed in different applications, which is expected to drive the growth of wireless connectivity market in Asia Pacific during the forecast period.

The companies that are profiled in the report are Qualcomm (US), Intel (US), Broadcom (US), MediaTek (Taiwan), Texas Instruments (US), Cypress Semiconductor (US), NXP Semiconductors (Netherlands), and STMicroelectronics (Switzerland), Microchip (US), and EnOcean (Germany). The market also covers other players such as NEXCOM (Taiwan), Skyworks Solutions (US), Murata Manufacturing (Japan), Marvell Technology (US), Quantenna Communications (US), Renesas Electronics (Japan), Nordic Semiconductor (Norway), Ceva (US), Espressif Systems (China), Peraso Technologies (Canada).

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