DUBLIN--(BUSINESS WIRE)--The "Wireless Connectivity Market by Connectivity Technology (Wi-Fi, Bluetooth Classic, Bluetooth Smart, NFC, ZigBee, Z-Wave, GNSS, LTE Cat-M1, NB-IoT, LoRa, Sigfox), Type (WLAN, WPAN, LPWAN), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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%
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.
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.
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.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Wireless Connectivity Market, By Connectivity Technology
7 Wireless Connectivity Market, By Type
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
- Ceva, Inc.
- Cypress Semiconductor
- Espressif Systems Pte., Ltd.
- Marvell Technology Group Ltd.
- Microchip Technology
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors
- Nexcom International Co., Ltd.
- Nordic Semiconductor
- Peraso Technologies, Inc.
- Quantenna Communications, Inc.
- Renesas Electronics Corporation
- Skyworks Solutions, Inc.
- Texas Instruments
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