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Global Wireless Connectivity Market to reach USD XX billion by the end of 2030.

Global Wireless Connectivity Market Size Study & Forecast, by Technology (Wi-Fi, Bluetooth, Zigbee, Other Technologies), By End-user Industry (Automotive, Industrial, Healthcare, Energy, Infrastructure, Other End-user Industries), and Regional Analysis, 2023-2030

Product Code: ICTICTI-82610761
Publish Date: 10-06-2023
Page: 200

Global Wireless Connectivity Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Wireless connectivity is the potential of devices to communicate with one another wirelessly. This is done by using radio waves, which are a form of electromagnetic radiation. Wireless connectivity is used in a wide variety of devices, including smartphones, tablets, laptops, wearables, and home appliances. It is also used in many industrial and commercial applications. The wireless connectivity market is expanding because of factors such as the stipulating demand for wireless sensors to develop smart infrastructure, the rising internet penetration rate, and the rising demand for low-power wide-area networks in IoT applications.

In addition, the surging adoption of the Internet of Things (IoT) is acting as a catalyzing factor for market growth across the globe. IoT is a network of physical devices that are connected to the internet. These devices collect and exchange data, which can be used to improve efficiency, productivity, and decision-making. The growing adoption of the IoT is driving the demand for wireless connectivity. As per the Statista report, in 2019, there were around 8.6 billion Internet of Things (IoT) connected devices were recorded, which is estimated to reach around 19.1 billion devices by 2025. Thus, these aforementioned factors are propelling the growth of the Wireless Connectivity Market during the estimated period. Moreover, the increasing development of 5G network, as well as growing R&D activities in the field of Internet of Things presents various lucrative opportunities over the forecasting years. However, the increasing privacy and security concerns and the Lack of uniform communication standards are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Wireless Connectivity Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the Rising adoption of the Internet of Things (IoT), the development of new wireless technologies, as well as development of smart infrastructure. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The increasing demand for connected devices, rising government initiatives, and rising demand for connected and smart homes are significantly propelling the market demand across the region.

Major market players included in this report are:
STMicroelectronics N.V. (Switzerland)
NXP Semiconductors N.V. (Netherlands)
MediaTek Inc. (Taiwan)
Infineon Technologies AG (Germany)
Murata Manufacturing Co., Ltd. (Japan)
Nordic Semiconductor (Norway)
Expressif Systems (China)
CEVA, Inc. (US)
Peraso Technologies, Inc. (Canada)
Panasonic Corporation (Japan)

Recent Developments in the Market:
Ø In November 2022, Quectel Wireless Solutions- a provider of cellular vehicle-to-everything (C-V2X) and automotive solutions, has declared the availability of its new AG18 module. The module’s PC5 direct communications function makes it possible for cars to communicate effectively with their surroundings, improving both traffic flow and safety.
Ø January 2022, Telstra announced the introduction of Ericsson Private 5G, an enterprise-focused on-premise 5G network with a single-server 5G dual-mode core. Telstra’s advanced network capabilities give the business community access to a low-latency, more resilient industrial wireless connectivity platform.

Global Wireless Connectivity Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, End-user Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Other Technologies

By End-user Industry:
Other End-user Industries

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Wireless Connectivity Market, by region, 2020-2030 (USD Billion)
1.2.2. Wireless Connectivity Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Wireless Connectivity Market, by End-user Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wireless Connectivity Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wireless Connectivity Market Dynamics
3.1. Wireless Connectivity Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for wireless sensors to develop smart infrastructure Surging adoption of the Internet of Things (IoT)
3.1.2. Market Challenges Privacy and security concerns Lack of uniform communication standards
3.1.3. Market Opportunities Progressive development of 5G network Growing R&D activities in the field of Internet of Things
Chapter 4. Global Wireless Connectivity Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Wireless Connectivity Market, by Technology
5.1. Market Snapshot
5.2. Global Wireless Connectivity Market by Technology, Performance – Potential Analysis
5.3. Global Wireless Connectivity Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Wireless Connectivity Market, Sub Segment Analysis
5.4.1. Wi-Fi
5.4.2. Bluetooth
5.4.3. Zigbee
5.4.4. Other Technologies
Chapter 6. Global Wireless Connectivity Market, by End-user Industry
6.1. Market Snapshot
6.2. Global Wireless Connectivity Market by End-user Industry, Performance – Potential Analysis
6.3. Global Wireless Connectivity Market Estimates & Forecasts by End-user Industry 2020-2030 (USD Billion)
6.4. Wireless Connectivity Market, Sub Segment Analysis
6.4.1. Automotive
6.4.2. Industrial
6.4.3. Healthcare
6.4.4. Energy
6.4.5. Infrastructure
6.4.6. Other End-user Industries
Chapter 7. Global Wireless Connectivity Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Wireless Connectivity Market, Regional Market Snapshot
7.4. North America Wireless Connectivity Market
7.4.1. U.S. Wireless Connectivity Market Technology breakdown estimates & forecasts, 2020-2030 End-user Industry breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Wireless Connectivity Market
7.5. Europe Wireless Connectivity Market Snapshot
7.5.1. U.K. Wireless Connectivity Market
7.5.2. Germany Wireless Connectivity Market
7.5.3. France Wireless Connectivity Market
7.5.4. Spain Wireless Connectivity Market
7.5.5. Italy Wireless Connectivity Market
7.5.6. Rest of Europe Wireless Connectivity Market
7.6. Asia-Pacific Wireless Connectivity Market Snapshot
7.6.1. China Wireless Connectivity Market
7.6.2. India Wireless Connectivity Market
7.6.3. Japan Wireless Connectivity Market
7.6.4. Australia Wireless Connectivity Market
7.6.5. South Korea Wireless Connectivity Market
7.6.6. Rest of Asia Pacific Wireless Connectivity Market
7.7. Latin America Wireless Connectivity Market Snapshot
7.7.1. Brazil Wireless Connectivity Market
7.7.2. Mexico Wireless Connectivity Market
7.8. Middle East & Africa Wireless Connectivity Market
7.8.1. Saudi Arabia Wireless Connectivity Market
7.8.2. South Africa Wireless Connectivity Market
7.8.3. Rest of Middle East & Africa Wireless Connectivity Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. STMicroelectronics N.V. (Switzerland) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. NXP Semiconductors N.V. (Netherlands)
8.3.3. MediaTek Inc. (Taiwan)
8.3.4. Infineon Technologies AG (Germany)
8.3.5. Murata Manufacturing Co., Ltd. (Japan)
8.3.6. Nordic Semiconductor (Norway)
8.3.7. Expressif Systems (China)
8.3.8. CEVA, Inc. (US)
8.3.9. Peraso Technologies, Inc. (Canada)
8.3.10. Panasonic Corporation (Japan)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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