The Wireless Connectivity Market is Predict to reach USD 236.6 Billion by 2031, at a CAGR of 13.4%

Wireless Connectivity Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Wireless Connectivity Market size is expected to reach $236.6 billion by 2031, rising at a market growth of 13.4% CAGR during the forecast period.

The Wi-Fi segment is leading the Global Wireless Connectivity Market by Technology in 2023; thereby, achieving a market value of $54.1 billion by 2031. Wi-Fi technology's widespread adoption in homes, offices, and public spaces, which is driven by the growing demand for high-speed internet connectivity, is the primary factor contributing to the segment's growth. In addition to its use in homes and businesses, Wi-Fi technology is increasingly being deployed in public spaces such as airports, coffee shops, hotels, and shopping malls.

The IT & Telecom segment is registering a CAGR of 13.1% during (2024 - 2031). This segment's expansion can be attributed to the growing popularity of cloud computing, big data analytics, and other digital technologies that depend on wireless connectivity for data transfer and communication. Furthermore, the demand for wireless connectivity solutions in the IT & telecommunications sector has been enhanced by the increasing prevalence of digitalization and remote work in various industries.

Full Report: https://www.kbvresearch.com/wireless-connectivity-market/

The Asia Pacific region dominated the Global Wireless Connectivity Market by Region in 2023; thereby, achieving a market value of $92.2 billion by 2031. The North America market is poised to grow at a CAGR of 12.7% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 13.1% during (2024 - 2031).

List of Key Companies Profiled

• Broadcom, Inc.
• STMicroelectronics N.V.
• Murata Manufacturing Co., Ltd.
• Texas Instruments, Inc.
• Infineon Technologies AG
• Intel Corporation
• Microchip Technology Incorporated
• MediaTek, Inc.
• NXP Semiconductors N.V.
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)

Wireless Connectivity Market Report Segmentation

By Technology

• Wi-Fi
• Cellular
• Bluetooth
• NFC
• Zigbee
• Others

By Application

• Consumer Electronics
• IT & Telecom
• Automotive
• Healthcare
• Aerospace & Defense
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Wireless Connectivity Market Size | Share 2031

• June-2024
• 120 Pages

LAMEA Wireless Connectivity Market Size | Growth Trend 2031

• June-2024
• 128 Pages

Europe Wireless Connectivity Market Size & Analysis 2031

• June-2024
• 129 Pages

Asia Pacific Wireless Connectivity Market Size & Trend 2031

• June-2024
• 133 Pages