Dublin, May 11, 2018 (GLOBE NEWSWIRE) -- The "Wireless Connectivity Market by Connectivity Technology (Wi-Fi, Bluetooth Classic, Bluetooth Smart, NFC, ZigBee, Z-Wave, GNSS, LTE Cat-M1, NB-IoT, LoRa, Sigfox), Type (WLAN, WPAN, LPWAN), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The wireless connectivity market is expected to reach USD 95.66 Billion by 2023 from USD 50.96 Billion in 2018, at a CAGR of 13.42% during the forecast period.

The growth of this market is fueled by the increased demand for wireless sensor networks for creating smart infrastructure, increased demand for low-power wide-area (LPWA) networks in IoT applications, and rise in the adoption of IoT, advancements in the telecommunications industry, and high adoption of smartphones.

This report covers the wireless connectivity market segmented on the basis of connectivity technology, type, and geography. In terms of connectivity technology, LTE Cat-M1 is expected to grow at highest CAGR during the forecast period. The increase in the adoption of IoT/M2M communication solutions, rise in the demand for longer connectivity, and need for low-power consumption and low-cost connectivity technologies are driving the market for chipsets based on LTE Cat-M1 technology.

The market for Wi-Fi-enabled chipsets is expected to hold the largest size of the wireless connectivity market in APAC between 2018 and 2023. The increase in the penetration of smartphones in the middle-class population in emerging economies, such as India, Indonesia, and other Southeast Asian countries, is boosting the growth of the market for connected devices based on Wi-Fi technology.

In terms type, the market for cellular expected to hold the largest size of wireless connectivity market between 2018 and 2023. The government projects related to smart cities and the development proposals for the existing utility infrastructure are expected to boost the cellular M2M market during the forecast period. Over the next 5 years, cellular M2M technology is expected to be largely employed for smart metering solutions.

APAC is expected to hold the largest share of the wireless connectivity market during the forecast period. This growth of wireless connectivity in Asia Pacific is attributed to the growing adoption of smartphones and other connected consumer electronics products such as smart TVs and smart lighting solutions. Moreover, the new announcement of smart city projects in developing countries, such as India and China, wherein advanced technologies such as the Internet of Things (IoT) and machine-to-machine communication (M2M) are likely to be employed in different applications, which is expected to drive the growth of wireless connectivity market in Asia Pacific during the forecast period.

Some of the restraints for the studied market are the high power consumption by wireless sensors, terminals, and connected devices and lack of uniform communication standards.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Wireless Connectivity Market
4.2 Wireless Connectivity Market for LPWAN, By Technology
4.3 Wireless Connectivity Market, By Connectivity Technology
4.4 Wireless Connectivity Market in APAC, By Connectivity Technology
4.5 Wireless Connectivity Market, By Country

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increased Demand for Wireless Sensor Networks for Creating Smart Infrastructure
5.1.1.2 Significant Increase in the Internet Penetration Rate
5.1.1.3 Advancements in the Telecommunications Industry and High Adoption of Smartphones
5.1.1.4 Rise in the Adoption of Iot
5.1.1.5 Increased Demand for Low-Power Wide-Area (LPWA) Networks in IoT Applications
5.1.2 Restraints
5.1.2.1 High Power Consumption By Wireless Sensors, Terminals, and Connected Devices
5.1.2.2 Lack of Uniform Communication Standards
5.1.3 Opportunities
5.1.3.1 Development of 5g Network
5.1.3.2 Proliferation of Wi-Fi as A Wireless Connectivity Standard in Consumer and Enterprise Sectors
5.1.3.3 Significant Financial Support From Governments Across the World for R&D in the Internet of Things
5.1.3.4 Emerging Need for Cross-Domain Applications
5.1.4 Challenges
5.1.4.1 Increasing Privacy and Security Concerns in the Age of Iot

6 Wireless Connectivity Market, By Connectivity Technology
6.1 Introduction
6.2 Wi-Fi
6.2.1 Wi-Fi, By Band
6.2.1.1 Single Band
6.2.1.2 Dual Band
6.2.1.3 Tri-Band
6.3 Bluetooth Classic
6.4 Bluetooth Smart
6.5 Bluetooth Smart Ready
6.6 Zigbee
6.7 Z-Wave
6.8 Near Field Communication (NFC)
6.9 Global Navigation Satellite System (GNSS)
6.10 Enocean
6.11 Cellular M2M Technologies
6.11.1 2G
6.11.2 3G
6.11.3 4G+
6.12 UWB (Ultra-Wideband)
6.13 Lora
6.14 Sigfox
6.15 Nb-Iot (Narrowband Iot)
6.16 LTE CAT M1
6.17 Others

7 Wireless Connectivity Market, By Type
7.1 Introduction
7.2 Wireless Local Area Network (WLAN)
7.3 Wireless Personal Area Network (WPAN)
7.4 Satellite (GNSS)
7.5 Low-Power Wide-Area Network (LPWAN)
7.6 Cellular M2M

8 Geographic Analysis

9 Competitive Landscape

10 Company Profiles

• Broadcom
• Ceva, Inc.
• Cypress Semiconductor
• Enocean
• Espressif Systems Pte., Ltd.
• Intel
• Marvell Technology Group Ltd.
• Mediatek
• Microchip Technology
• Murata Manufacturing Co., Ltd.
• NXP Semiconductors
• Nexcom International Co., Ltd.
• Nordic Semiconductor
• Peraso Technologies, Inc.
• Qualcomm
• Quantenna Communications, Inc.
• Renesas Electronics Corporation
• Skyworks Solutions, Inc.
• Stmicroelectronics
• Texas Instruments

For more information about this report visit https://www.researchandmarkets.com/research/z5tczp/50_billion?w=12

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