Research And Markets - Global $24.69 Billion Wireless Connectivity Market 2016-2022: Focus On Wi-Fi, Bluetooth, Bluetooth Smart, Wi-Fi/ Bluetooth, Ant+/Bluetooth, ZigBee, NFC, GNSS, WHART, Cellular, NFC, And EnOcean
DUBLIN, November 3, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Wireless Connectivity Market by Connectivity Technology (Wi-Fi, Bluetooth, ZigBee, NFC, Cellular, Enocean), Application (Wearable Devices, Healthcare, Automotive & Transportation, Consumer Electronics), and Geography - Global Forecast to 2022" report to their offering.
The wireless connectivity market, in terms of value, is expected to grow from USD 14.84 Billion in 2015 to USD 24.69 Billion by 2022, at a CAGR of 7.6% between 2016 and 2022 The wireless connectivity market is highly diversified and competitive with market players including top-tier and mid-tier companies as well as start-up firms. With the rate of proliferation of smart sensors, the increasing adoption of IoT-enabled devices, and mainstreaming of many smart applications, the wireless connectivity is expected to become the most important need across application such as consumer electronics, automotive & transportation, Industrial and healthcare, among others. This report covers the wireless connectivity market segmented on the basis of connectivity technology, application, and geography. This study of the wireless connectivity market provides the market size of different applications such as consumer electronics, building automation, telecommunication, automotive & transportation, Industrial and healthcare, among others. The consumer electronics industry has been revolutionized by the introduction of Internet of Things in the market. Various other IoT applications, such as connected cars and wearable electronics are, also evolving and will further drive opportunities for many industry players across the large and complex wireless connectivity ecosystem. The market is segmented on the basis of connectivity technology into Wi-Fi, Bluetooth, Bluetooth smart, Wi-Fi/ Bluetooth, Ant+/Bluetooth, ZigBee, NFC, GNSS, WHART, Cellular, NFC, and EnOcean and Others (Z-Wave, Thread and ISA 100). Wi-Fi is expected to have the largest market for the forecast period. The growing market for consumer electronics and telecommunication is expected to drive the Wi-Fi chips shipment in the coming years.