Wireless Connectivity Market Poised to Jump 13.42% CAGR by 2023
The wireless connectivity market is estimated to grow at a CAGR of 13.42% between 2018 and 2023.
(EMAILWIRE.COM, October 06, 2018 ) Wireless connectivity market2023 is market overview, trends and forecast till 2023 report added on RnRMarketResearch.com. The Wireless connectivity market is expected to reach USD 95.66 billion by 2023 from USD 50.96 billion in 2018, at a CAGR of 13.42% during the forecast period. Qualcomm (US), Intel (US), Broadcom (US), MediaTek (Taiwan), Texas Instruments (US), Cypress Semiconductor (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Microchip (US), and EnOcean (Germany)are the major players in the wireless connectivity market.
Download Brochure of Wireless Connectivity Market spread across 188 Pages, Profiling 10 Companies and Supported with 77 Tables and 46 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=728790 .
Advancements in the telecommunications industry and high adoption of smartphones, increased demand for wireless sensor networks for creating smart infrastructure, increased demand for low-power wide-area (LPWA) networks in IoT applications, and rise in the adoption of IoT are some major factors driving the growth of the wireless connectivity market. However, the high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards are the restraints for the market growth.
“The market for chipsets based on LTE Cat-M1 technology is expected to grow at the highest CAGR during the forecast period”
LTE Cat–M1 is a cellular technology mainly designed for the Internet of Things (IoT) or machine-to-machine (M2M) communication applications. Compared to other standard cellular technologies such as 2G, 3G, or LTE Cat 1, LTE Cat-M1 enables longer battery life and extended range and deep penetration in buildings and basements. The increase in the adoption of IoT/M2M communication solutions, the rise in the demand for longer connectivity, and the need for low-power consumption and low-cost connectivity technologies are driving the market for chipsets based on LTE Cat-M1 technology.
Get More Information on Wireless Connectivity Market with Forecast, Analysis, Trends and Company Profiles at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=728790 .
“WLAN-enabled chipsets held the largest size of the wireless connectivity market in 2017”
Modern WLANs are based on the IEEE 802.11 (Wi-Fi) standards. Wi-Fi is an obvious choice for developers due to the pervasiveness of Wi-Fi within a home environment using LANs. The exponential growth in bandwidth, along with the growing impact of Wi-Fi offload has created a significant demand for a higher throughput over a wireless local area network.
“APAC is expected to exhibit highest CAGR during the forecast period”
The growing demand for smartphones and PC peripherals, rising awareness on the benefits of enhanced lifestyle and increased productivity, along with the growing demand for advanced and latest wireless connectivity protocols in applications such as consumer electronics, wearables, and industrial automation tools are the factors that are likely to result in the high growth of the wireless connectivity market in this region. Moreover, governments of countries such as China, India, Japan, and South Korea are aggressively taking initiatives such as investing in R&D to encourage the adoption of the Internet of Things and related connectivity technologies in the region are expected to drive the growth of wireless connectivity market in Asia Pacific during the forecast period.
Get purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=1274813 .
About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
Download Brochure of Wireless Connectivity Market spread across 188 Pages, Profiling 10 Companies and Supported with 77 Tables and 46 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=728790 .
Advancements in the telecommunications industry and high adoption of smartphones, increased demand for wireless sensor networks for creating smart infrastructure, increased demand for low-power wide-area (LPWA) networks in IoT applications, and rise in the adoption of IoT are some major factors driving the growth of the wireless connectivity market. However, the high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards are the restraints for the market growth.
“The market for chipsets based on LTE Cat-M1 technology is expected to grow at the highest CAGR during the forecast period”
LTE Cat–M1 is a cellular technology mainly designed for the Internet of Things (IoT) or machine-to-machine (M2M) communication applications. Compared to other standard cellular technologies such as 2G, 3G, or LTE Cat 1, LTE Cat-M1 enables longer battery life and extended range and deep penetration in buildings and basements. The increase in the adoption of IoT/M2M communication solutions, the rise in the demand for longer connectivity, and the need for low-power consumption and low-cost connectivity technologies are driving the market for chipsets based on LTE Cat-M1 technology.
Get More Information on Wireless Connectivity Market with Forecast, Analysis, Trends and Company Profiles at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=728790 .
“WLAN-enabled chipsets held the largest size of the wireless connectivity market in 2017”
Modern WLANs are based on the IEEE 802.11 (Wi-Fi) standards. Wi-Fi is an obvious choice for developers due to the pervasiveness of Wi-Fi within a home environment using LANs. The exponential growth in bandwidth, along with the growing impact of Wi-Fi offload has created a significant demand for a higher throughput over a wireless local area network.
“APAC is expected to exhibit highest CAGR during the forecast period”
The growing demand for smartphones and PC peripherals, rising awareness on the benefits of enhanced lifestyle and increased productivity, along with the growing demand for advanced and latest wireless connectivity protocols in applications such as consumer electronics, wearables, and industrial automation tools are the factors that are likely to result in the high growth of the wireless connectivity market in this region. Moreover, governments of countries such as China, India, Japan, and South Korea are aggressively taking initiatives such as investing in R&D to encourage the adoption of the Internet of Things and related connectivity technologies in the region are expected to drive the growth of wireless connectivity market in Asia Pacific during the forecast period.
Get purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=1274813 .
About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
Contact Information:
ReportsnReports
Hrishikesh Patwardhan
Tel: + 1 888 391 5441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
ReportsnReports
Hrishikesh Patwardhan
Tel: + 1 888 391 5441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results