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Wireless Connectivity Market Worth 95.66 Billion USD by 2023PUNE, India, May 3, 2018 /PRNewswire/ -- According to the new market research report "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", published by MarketsandMarkets™, the market is expected to grow from USD 50.96 Billion in 2018 to USD 95.66 Billion by 2023, at a CAGR of 13.42% between 2018 and 2023. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) https://www.marketsandmarkets.com/Market-Reports/wireless-connectivity-market-192605963.html Early buyers will receive 10% customization on this report The growth of the wireless connectivity market is driven by the advancements in the telecommunications industry and high adoption of smartphones, increased demand for wireless sensor networks for creating smart infrastructure, increased demand for low-power wide-area (LPWA) networks in IoT applications, significant increase in the internet penetration rate, and rise in the adoption of IoT. Moreover, significant financial support from governments across the world for R&D in the Internet of Things, emerging needs for cross-domain applications, and proliferation of Wi-Fi as wireless connectivity standard in consumer and enterprise sectors are some major opportunities for the growth of the market. The market for Wi-Fi technology expected to register the largest shipment between 2018 and 2023. The demand for Wi-Fi-enabled connected home devices such as video doorbells, thermostats, lighting solutions, smart TVs, refrigerators, washing machines, and music systems are increasing. The use of Wi-Fi in consumer electronics has enabled users to control the devices. In addition, 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 ofthe market for connected devices based on Wi-Fi technology. All these factors are helping the growth of the market for chipsets based on Wi-Fi technology. The market for LPWAN-enabled chipsets is expected to grow at the highest CAGR during the forecast period. The growing use of low-power long-range M2M connectivity solutions in smart city and smart metering applications is expected to drive the growth of the market for LPWAN technology during the forecast period. Sigfox and LoRa are expected to be the dominant LPWAN technologies in Europe and North America, while developing countries of Asia Pacific are likely to witness the high adoption of NB-IoT technology for smart city projects. Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=192605963 APAC expected to hold the largest size of the wireless connectivity market between 2018 and 2023 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), machine-to-machine communication (M2M) are likely to be employed in different applications, is expected to drive the growth of wireless connectivity market in Asia Pacific during the forecast period. Major players in the wireless connectivity market include Qualcomm (US), Intel (US), Broadcom (US), MediaTek (Taiwan), Texas Instruments (US), Cypress Semiconductor (US), NXP Semiconductors (Netherlands), and STMicroelectronics (Switzerland), Microchip (US), and EnOcean (Germany). The market also covers other player such as NEXCOM (Taiwan), Skyworks Solutions (US), Murata Manufacturing (Japan), Marvell Technology (US), Quantenna Communications (US), Renesas Electronics (Japan), Nordic Semiconductor (Norway), CEVA (US), Espressif Systems (China), Peraso Technologies (Canada). Know more about the Wireless Connectivity Market: https://www.marketsandmarkets.com/Market-Reports/wireless-connectivity-market-192605963.html MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets 
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