About Connectivity Enabling Technology
Growing demand for electronic devices with better connectivity is increasing the demand for connectivity enabling technology. Increasing popularity of VoWi-Fi, proliferation of smartphones and tablets, increase in smart home and building automation are driving the global connectivity enabling technology market. The OEMs strive to capture the connected devices market for emerging applications such as automobiles and wearables. Wi-Fi/Bluetooth is an integral part of devices such as smartphones, tablets, and laptops. This, in turn, fuels the demand for Wi-Fi and Bluetooth chipset.
Technavio’s analysts forecast the global connectivity enabling technology market to grow at a CAGR of 3%, in terms of revenue, during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global connectivity enabling technology market for 2016-2020. To calculate the market size, the report considers the unit shipments of chipsets incorporated in various end-user products including consumer electronics.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Connectivity Enabling Technology Market 2016-2020
Technavio recognizes the following companies as the key players in the global connectivity enabling technology market: Atmel, Broadcomm, Digi International, Freescale Semiconductor, Fihonest Communication, Fihonest Communication, Hosiden, IVT, LM Technologies, NXP Semiconductors, Rayson Technology, Renesas Electronics, Samsung Electronics, Silicon Laboratories, STMicroelectronics, Texas Instruments, Qualcomm, Marvell, MediaTek, and Newracom.
Commenting on the report, an analyst from Technavio’s team said: “The increased demand for Wi-Fi for cellular offloading will be a major trend for market growth. Wi-Fi has evolved over the years with the development of a wide range of standards such as 802.11g, 802.11n, and 802.11ac. While the fully certified and commercially available 802.11ac is considered fast with capacity to achieve 1,300 Mbps, the Wi-Fi Alliance is working on the 802.11ax standard, which is capable of achieving speed beyond 2 Gbps. With such developments in the Wi-Fi standards, Technavio expects high cellular data offloading.”
According to the report, development of smart cities will be a key driver for market growth. Governments worldwide are investing heavily in the development of smart cities or connected cities. These cities require public Wi-Fi networks to provide various services to consumers such as safety and security, access to education, waste and water management, traffic management, infrastructure management, and healthcare. Public Wi-Fi networks provide citizens access to the internet with the help of their smartphones or tablets.
Further, the report states that growing security concerns will be one of the major challenges for the market. Wi-Fi networks are considered more vulnerable to interception than other mobile networks and wired networks. This is because these networks are deployed with minimal regard for user authentication, which results in an increased number of users. A Wi-Fi network can easily be hacked, leaving the information related to user conversations, text messages, and browsing history vulnerable for misuse. Adoption of outdoor Wi-Fi poses a major concern to the data security of government agencies as well as enterprise consumers. This is a major challenge in the market, as critical data is often stored in Wi-Fi enabled mobile devices.
Atmel, Broadcomm, Digi International, Freescale Semiconductor, Fihonest Communication, Fihonest Communication, Hosiden, IVT, LM Technologies, NXP Semiconductors, Rayson Technology, Renesas Electronics, Samsung Electronics, Silicon Laboratories, STMicroelectronics, Texas Instruments, Qualcomm, Marvell, MediaTek, Newracom.