According to a new market report by Lucintel, the future of the wireless connectivity market looks promising with opportunities in wearable devices, IT and telecommunications, healthcare, transportation, and consumer electronics industries. The wireless connectivity market is expected to grow with a CAGR of 13% from 2019 to 2024. The major drivers for this market are increasing demand for smart infrastructure, growing internet penetration, increasing demand for smartphones, and increasing adoption of IOT.

In this market, Wi-Fi, Bluetooth, Z-Wave, ZigBee, NFC, GPS/GNSS, EnOcean, and cellular are the major wireless technologies. These technologies are used in the IT and telecommunications, healthcare, transportation, and consumer electronics industries. Lucintel forecasts that Wi-Fi will remain the major technology due to increasing smartphone penetration and increasing adoption of connected home devices, such as smart TVs, thermostats, and lighting solutions.

APAC will remain the largest region over the forecast period due to increasing smartphone demand and internet penetration.

Intel, Qualcomm, NXP Semiconductors, STMicroelectronics, Texas Instruments, Microchip Technology, Mediatek, Cypress Semiconductor, Broadcom, and EnOcean are among the major manufacturers of wireless connectivity.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless connectivity market by connectivity technology, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Wireless Connectivity Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the wireless connectivity market by connectivity technology, end use industry, and region as follows:

By Connectivity Technology [$M shipment analysis for 2013 – 2024]:

• Wi-Fi
• Bluetooth
• Z-Wave
• ZigBee
• NFC
• GPS/GNSS
• EnOcean
• Cellular
• Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Wearable Devices
• IT and Telecommunications
• Healthcare
• Transportation
• Consumer Electronics
• Others


By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

This 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the wireless connectivity market by connectivity technology (Wi-Fi, Bluetooth, Z-wave, ZigBee, NFC, GPS/GNSS, EnOcean, Cellular, and others), ens use industry (wearable devices, IT and telecommunication, healthcare, transportation, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market, and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years, and what has its impact been on the industry?