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.
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.
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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.
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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