Wireless Connectivity Technology Market By Technology (Wi-Fi, Bluetooth, ZigBee, NFC, Cellular Technology, and Others), and Application (Consumer Electronics, Automotive & Transportation, Healthcare, Aerospace & Defense, IT & Telecom, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
Wireless connectivity is referred to networking technology that is used for connection between two nodes or devices without the use of cable, cords and wires. Wireless connectivity is a method that allows the consumers to avoid costly installation of cables within the premises for connectivity between devices and systems.
The penetration of Wi-Fi in residential, commercial, and industrial sectors as a wireless LAN connection pushes the demand for Wi-Fi enabled smart lighting. The pre-existing Wi-Fi equipped infrastructure tends to use Wi-Fi connectivity for smart lights. Further, the penetration of IoT based technologies in developing economies is lucrative to create opportunities for the market in future. In addition, Bluetooth is used in smart lighting infrastructure as wireless connectivity technology. This wireless technology inter-links devices and provides remote access to the users. For instance, smart LED bulb by Svarochi provide users with Bluetooth connectivity, which helps them to remotely access the device to control illumination, hue of lights, and other features.
Factors such as demand for wireless networks in development of smart infrastructure, growth in adoption of AI assistants, and integration of IoT in surveillance cameras drives the market. However,high installation and maintenance cost in wireless network system hampers the market growth. Furthermore, emergence of IoT & AI technology for smart lightning and growth in development in smart city projects, especially in APAC is expected to further increase demand for wireless connectivity technology.
The wireless connectivity market analysis is studied under technology, application, and region. Based on technology, the market is categorized into Wi-Fi, Bluetooth, ZigBee, NFC, Cellular Technology, and Others. The applications covered in the study include consumer electronics, energy, chemical manufacturing, aerospace & defense, healthcare, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The wireless connectivity market leaders profiled in the report include Qualcomm Incorporated, Intel Corporation, NXP Semiconductors N.V., Texas Instruments Inc., Stmicroelectronics N.V., Cypress Semiconductor Corporation, Panasonic Corporation, Nexcom International, Atmel Corporation and Mediatek Inc.
KEY BENEFITS FOR STAKEHOLDERS
This study includes the analytical depiction of the global wireless connectivity technology market forecast along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding the key drivers, restraints, and opportunities in the lithography metrology equipment market.
The wireless connectivity technology market growth is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
GLOBAL WIRELESS CONNECTIVITY TECHNOLOGY MARKET SEGMENTATION
Automotive and Transportation
Aerospace & Defense
IT & Telecom
Rest of Europe
Rest of Asia-Pacific
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