The wireless connectivity market, in terms of value, is expected to reach at USD 24.69 billion by 2022, at a CAGR of 7.6% between 2016 and 2022. Major drivers for the growth of wireless connectivity are increasing connectivity of the internet, growing demand for smartphones and other wirelessly connected devices, increasing market for cloud computing and IoT, and increasing demand for low-power wide-area networks (LPWA) network. However, lack of uniform communication standards and interference with other electromagnetic sources, physical object, and layered structure limit the growth of wireless connectivity technology, thereby acting as constraints for the growth of the wireless connectivity market.
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“Wi–Fi wireless connectivity technology is expected to have highest market during the forecast period”
The Wi-Fi technology has been broadly accepted and has been used across the globe since its inception 16 years ago. Devices such as routers, repeaters, and modems, which have application in almost every sector be it commercial or residential, are the major consumers of the Wi-Fi chips. With growing IoT ecosystem, the market for connected devices is expected to grow during the forecast period. Telecommunication plays a very important role in providing connectivity to devices, such as smartphones, smart meters, and wearable, among others. The Wi-Fi Alliance is working on new type of Wi-Fi named Wi-Fi HaLow that works on new IEEE 802.ah standard and uses bandwidth of 900 MHz. It requires low power and can connect to a large number of devices, thereby making it as one of the ideal technologies for applications such building automation and healthcare.
“The market for wearable devices application is expected to grow at the highest CAGR during the forecast period”
Wearable devices application is expected to grow at the highest CAGR between 2016 and 2022. The proliferation of Internet of Things and benefits of wearable devices in tracking important vital related to health are increasing adoption of smart watches and activity trackers, thus driving the growth of wearable devices.
“Wireless connectivity market in APAC expected to grow at the highest rate”
APAC is expected to grow at the highest CAGR during the forecast period. It has the highest end user count among all regions and has the highest number of mobile phones users in the world making it a hub for Wi– Fi and cellular technology users. In addition, various government initiatives in the field of semiconductor and electronics by countries, such as China, Japan, South Korea, and India is making APAC region manufacturing hub for semiconductor and electronics industries.
Breakdown of profile of primary participants:
• By Company Type: Tier 1 – 43%, Tier 2 – 31%, and Tier 3 – 26%
• By Designation: C level – 38%, Director level – 34%, and others – 28%
• By Region: North America – 37%, Europe – 28%, APAC – 23%, and RoW – 12%
The companies profiled in the report are Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), NXP Semiconductor N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), Texas Instruments Inc. (U.S.), Atmel Corp. (U.S.), MediaTek Inc. (Taiwan), Cypress Semiconductor Corporation (U.S.), EnOcean GmbH (Germany), and NEXCOM International Co. Ltd. (Taiwan).
Related Report:
HI-FI System Market by Product (Speakers & Sound Bars Network Media Players Blu-Ray Players Dvd Player Headphones) Device (Dac Amplifier Preamplifier & Receiver) Connectivity Technology Applications And Geography - Global Forecast to 2022
The Hi-Fi system market size, in terms of value, is expected to grow from USD 10.62 billion in 2015 to USD 16.49 billion by 2022, at a CAGR of 6.4% between 2016 and 2022. Audio device manufacturers have witnessed an increased shipment of devices with varied connectivity solutions such as Bluetooth, AirPlay, Wi-Fi, and SKAA, and it is expected that sound bars, portable speakers, and other personal wireless audio devices such as wireless headphones would provide impetus to this growth momentum. In short, a rise in the portable devices, such as smartphones and tablets, is driving a huge demand for the wireless audio products which has also contributed to the demand for wireless Hi-Fi systems.
Read More: https://watchersofmarkets.com/products/hi-fi-system-market-by-product-speakers-sound-bars-network-media-players-blu-ray-players-dvd-player-headphones-device-dac-amplifier-preamplifier-receiver-connectivity-technology-applications-and-geography-global-forecast-to-2022
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