Wireless connectivity market size share and trends - 2027

Posted December 8, 2022 by Prashantvi

The Wireless Connectivity market is projected to grow from USD 109.3 billion in 2022 to USD 199.3 billion by 2027; it is expected to grow at a CAGR of 12.8% from 2022 to 2027.

The Wireless Connectivity market is projected to grow from USD 109.3 billion in 2022 to USD 199.3 billion by 2027; it is expected to grow at a CAGR of 12.8% from 2022 to 2027. The key factors fueling the growth of the wireless connectivity market include the adoption of IoT with accelerated expansion of LPWAN and WPAN technologies. Moreover, demand for better throughput and reliable connectivity to create abundant opportunities in market.

Browse 223 market data Tables and 54 Figures spread through 293 Pages and in-depth TOC on "Wireless Connectivity Market by Connectivity (Wi-Fi, Bluetooth Classic, Bluetooth 4X, Bluetooth 5X, ZigBee, Z-Wave, UWB, NFC, Thread, GNSS, Cellular, EnOcean, Sigfox, LoRa, LTE Cat-M1, NB-IoT), End-use and Region - Global Forecast to 2027"

Download PDF Brochure @


The LPWAN segment is projected to grow at the highest CAGR in the Wireless Connectivity market from 2022 to 2027.

Low-power wide-area network (LPWAN) uses both unlicensed and licensed spectrums. Sigfox, LoRa, LTE-M, NB-IoT, EnOcean, and others are covered under its scope. Of these technologies, NB–IoT and LTE Cat–M1 are creating major market opportunities as both are gaining accelerated adoption in M2M connections on factory floors. LPWAN is estimated to grow by four times by the end of projected period.

The wearable devices segment of the Wireless Connectivity market is expected to foresee healthy growth rate

The most advanced wearable devices enable the wearer to take and view pictures, record videos, read text messages and emails, respond to voice commands, and browse the web. The primary technologies gaining traction among wearable devices are NFC, usually used for data transfer, Bluetooth Low Energy (BLE), which requires very low power, Wi-Fi with a better range as compared to other short-range communication techs, and Cellular, the most widely adopted one. The use of wireless-enabled wearable devices offers several benefits for healthcare workers, e.g., reduced cable clutter, fewer accessories requiring infection control, increased patient comfort via smaller wearable devices, uninterrupted monitoring outside the hospital, and reduced recovery time by enabling patients to ambulate within the care area under continuous monitoring.

Europe region is expected to hold the third-largest share in the market during the forecast period.

The European market includes some of the key countries that are increasingly adopting major technologies like the Internet of Things (IoT) through Industry 4.0, and connected healthcare and wearable devices. Europe has witnessed tremendous success in 3G and 4G mobile communications. With the development of smart cities, the demand for wireless technologies and standards has gained momentum in Europe. Over the years, Europe has emerged as a prominent market for low-power wide-area network-based wireless communication. Europe has a solid base in manufacturing, designing, and researching advanced technologies used in the semiconductor industry. Key production centers in the EU and European Free Trade Association (EFTA) include Austria, France, Germany, Italy, Ireland, and the Netherlands. The growth of the wireless connectivity market in Europe is largely driven by the financial support and initiatives taken by governments in the fields of the Internet of Things and machine-and-machine communication technologies.

The key players operating in the Wireless Connectivity market include Intel Corporation (US), Texas Instruments Incorporated (US), Qualcomm Incorporated (US), Broadcom (US), STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (Netherlands), Microchip Technology Inc. (US), MediaTek Inc. (Taiwan), and Renesas Electronics Corporation (Japan) were the companies that dominated the wireless connectivity market in 2021.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By marketsandmarkets
Country United States
Categories Electronics , Reports , Semiconductors
Tags wireless connectivity market
Last Updated December 8, 2022