Wireless
connectivity is a technique used by homes, communication networks,
and enterprise connections to reduce complex cable networks across
buildings. Wireless connectivity equipment is deep rooted in many
electrical device markets. WiFi, Bluetooth, and GPS are becoming
universal for certain devices such as smart phones and mobile phones.
Besides this, wireless connectivity is also required in applications
in Internet of Things (IoT), ranging from control devices and
gateways to cloud. Wireless connectivity is used by IoT devices to
enable an access point through which communication and data transfer
between two devices can take place. Collaborations and partnerships
is one of the major trends in the wireless connectivity market. For
instance, partnerships between ZigBee and other organizations such as
EnOcean GmbH are anticipated to drive the self-powered energy
harvesting internet-of-things devices in areas such as building
automation and home automation.
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Research Report of Wireless Connectivity Market :
Major factors
driving the global wireless connectivity market include rise in
adoption of IoT and cloud computing, increase in demand for smart
phones and other wireless technology devices such as Bluetooth,
ZigBee, and WiFi, growth in connectivity of the Internet, and
escalation of demand for low-power wide-area (LPWA) networks.
However, lack of
uniform communication principles is hampering the wireless
connectivity market. Additionally, the intervention with other
electromagnetic sources, layered structure, and physical object are
also the key factors that adversely affect the evolution of wireless
connectivity technology. Consequently, these factors act as
restraints for the wireless connectivity market. Key challenges for
the global wireless connectivity market include requirement of
enhanced security of information and concession among features such
as power consumption, data rates, and range for numerous wireless
technologies.
Increase in need for
cross domain applications could open up new opportunities for the
wireless connectivity market. Additionally, rise in government
subsidies for the development of IoT provided by countries such as
India, the U.S., Canada, Australia, and South Korea is also estimated
to offer new opportunities to the wireless connectivity market.
The wireless
connectivity market in Asia Pacific is in its promising stage; the
region is projected to be among the major adopters of wireless
connectivity devices. Rise in inclination of consumers toward
advanced technological products is likely to boost the wireless
connectivity market in Asia Pacific in the near future. Furthermore,
government initiatives by countries such as Japan, China, India, and
South Korea in the field of electronics and semiconductors are
providing lucrative opportunities for electronics and semiconductor
industries across Asia Pacific.
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North America
consists of technologically advanced countries such as Canada and the
U.S. The U.S. and Canada offer vast potential for the application of
Internet of Things. This is expected to propel the market for
wireless connectivity technologies. In turn, this is anticipated to
augment the wireless connectivity market in the region.
The global wireless
connectivity market can be segmented in terms of technology and
application. Based on technology, the wireless connectivity market
can be segmented into WiFi, Bluetooth, NFC, ZigBee, EnOcean, cellular
technologies, and others. Based on application, the wireless
connectivity market can be segmented into health care, wearable
devices, automotive and transportation, and consumer electronics.
Among these, the wearable devices segment is estimated to expand
significantly during the forecast period owing to factors such as
proliferation of IoT and rise in adoption of smart watches and
activity trackers.
Key players
operating in the global wireless connectivity market include Qualcomm
Incorporated, Intel Corporation, NXP Semiconductors N.V., Texas
Instruments Inc., Nexcom International Co., Ltd., Stmicroelectronics
N.V., Mediatek Inc., Enocean GmbH, Atmel Corporation, and Cypress
Semiconductor Corporation.
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