Wireless Connectivity Technology Market Expected to Reach
$150.38 Billion By 2027
“The wireless connectivity technology market size in Asia-Pacific is expected to grow at the highest rate during
the forecast period, owing to rise in government initiatives for building smart cities in Asia-Pacific and upcoming
long-term investments in smart technologies drive the growth of the Asia-Pacific market in Asia-Pacific.
Moreover, technological development by the emerging economies in Asia-Pacific boosts the wireless
connectivity technology market growth.”
According to Avinash Savekar,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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In 2019, the Wi-Fi segment accounted for the maximum revenue and is projected to grow at a faster
rate during the forecast period.
The healthcare segment witness the highest growth rate during the forecast period.
China was the major shareholder in the Asia-Pacific region, accounting for approximately 45.0% share
in 2019.
Major key players profiled cover in Report:
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Stmicroelectronics
Broadcom
Infineon Technologies Ag
Qualcomm Incorporated
Nxp Semiconductors N.V.
Panasonic Corporation
Mediatek, Inc. And many more.
Market dynamics
Drivers
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The demand for wireless networks in development of smart infrastructure
Growth in adoption of AI assistants
Integration of IoT in surveillance cameras
Restraints
• High installation and maintenance cost in wireless network system
Opportunities
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Emergence of IoT & AI technology for smart lightning
Growth in development in smart city projects, especially in APAC
⦁ Report Overview:
https://www.alliedmarketresearch.com/wireless-connectivity-technology-market-A06094
Analyst Review:
The wireless connectivity technology market holds high potential in the connectivity and networking industry.
The current business scenario experiences rapid advancement in automation of electronic products leading to
the readiness to adopt this technology, particularly in the regions such as North America and Asia-Pacific.
Companies in this industry adopt various innovative techniques to provide customers with advanced and
innovative features.
North America is one of the key contributors to the global advancement, owing to the advancements in
technologies, innovations, and investments in respective industry. The growth of the wireless connectivity
technology market in North America is attributed to increase in adoption of portable technologies under
various applications in the region. In addition, rise in adoption of smartphones and smart wearables coupled
with increased investment in the government also boost the growth of the wireless connectivity technology
market. In addition, factors such as adoption of IoT and AI in the automobiles and vehicles equipped with
automated driving are expected to increase the market demand.
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