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Wireless Communication Market Share & Growth | Forecast 2031

Wireless Communication Market

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Segments - by Types (WLAN, WPAN, and LPWAN), Technology (Wi-Fi, Bluetooth, Zigbee, NFC, GNSS, LTE CAT-M1, NB-IoT, LoRa and SigFox), End-uses (Wearables, Consumer Electronics, and Healthcare), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

Report ID: ICT-SE-545
Author: Growth Market Reports

Rating: 4.9
Total Reviews: 73

No. Of Pages: 155
Format:

Pub. Date: Upcoming
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Report Description

The global wireless communication market is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing smart device usage to access real-time data.

Wireless communication is a rapidly growing segment of the communication industry. It is a source of communication that operates wirelessly. Wireless communication improves coverage and clarity, optimizes production, and reduces downtime for reliable communication. Wireless communication allow multiple users at a time, which increases connectivity from user to user.

Wireless communication includes technologies such as LTE, LTE-advanced, WCDMA, HSPA, GSM, CDMA, WLAN, and Bluetooth. Cellular wireless network technology is extensively used for wireless communication. It is specifically developed for radio, telephone, and mobile to replace high power transmitter/receiver systems. Mobile phones and wireless communication systems provide on-demand entertainment and information.

Wireless communication technology restructured the means of communication, transactions, and data exchange providing the path for new digital economy. Technological escalation and rising number of digital devices enhanced interfaces for real-time web surfing, and applications increased data usage through wireless networks. Thus, consumers prefer using wireless digital devices than personal computers to acquire real-time data.

Market Drivers, Restraints, Trends, and Opportunities:

Changing consumer preferences and rapid technological advancements led to the development of operating systems and smartphones, thereby driving the wireless communication market during the forecast period.
Growing awareness about social media led to rising adoption of wireless communication media and is expected to drive the market.
Increasing trends of internet advertising and marketing is projected to boost the market during the forecast period.
On the basis of current market trends and consumer preferences, smartphones are projected to be an essential utility during the forecast period.
Extensive use of unified communication platforms by various organizations saves time and reduces distance barriers through uninterrupted mobile connectivity. This is expected to fuel the market.
Technical issues regarding connectivity and network is expected to restrain the market during the forecast period.
Lack of infrastructure in rural areas is projected to hamper the market growth during the forecast period.
The emergence of COVID-19 pandemic affected raw material supply, disrupted the electronics value chain, and caused an inflationary risk on products, which in turn, is expected to hinder the market growth.

Scope of the Report:

The report on the global wireless communication market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Wireless Communication Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (WLAN, WPAN and LPWAN), Technology (Wi-Fi, Bluetooth, Zigbee, NFC, GNSS, LTE CAT-M1, NB-IoT, LoRa and SigFox) and End-uses (Wearables, Consumer Electronics, and Healthcare)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Softbank, Deutsche Telekom, Nippon Telegraph & Tel, Telstra, Telefonica, America Movil, Vodafone, Verizon Communications, AT&T, and China Mobile

Market Segment Insights:

WPAN segment projected to constitute a considerable market share

On the basis of types, the market is segregated into WLAN, WPAN, and LPWAN. The Wireless Personal Area Network (WPAN) is projected to account for a considerable market share during the forecast period. WPAN is a small area and low bandwidth networking technology that enables communication within a short range, around 10 meters. Technologies supporting WPAN are Bluetooth, ultra-wideband (UWB), ZigBee, Z-Wave, and Thread. Zigbee creates personal area networks with low-power and small digital radios, having a transmission distance of 10-100 meters. It operates at 2.4 GHz frequency. It is preferred in applications requiring long battery life, secure networking, robustness, and low data transfer rate.

Introduction of 5^th generation of Bluetooth wireless technology is driving the WPAN segment. Bluetooth 5.0 consumes low power and is two times faster than Bluetooth 4.0. Smartphones and tablets supporting the Bluetooth 5.0 standard have been introduced in the global market.

LTE-Cat-M1 segment is expected to hold a significant market share

Based on technology, the global wireless communication market is segmented into Wi-Fi, Bluetooth, Zigbee, NFC, GNSS, LTE CAT-M1, NB-IoT, LoRa, and SigFox. The LTE Cat-M1 segment is expected to expand at a high CAGR during the forecast period. LTE Cat-M1 is a technology designed for machine-to-machine (M2M) and Internet of Things (IoT) communication applications. It is a low-cost alternative to conventional LTE services such as Cat 4. LTE Cat–M1 is a low-power wide-area (LPWA) air interface, which connects M2M and IoT devices with minimal data rates. LTE Cat-M1 offers extended range, long battery life, and deep penetration in buildings and basements as compared to other technologies such as 2G, 3G or LTE Cat 1. Additionally, it supports voice over LTE (VoLTE) connectivity; which is required to support the growth in demand for voice-base interfaces in applications such as retail, transportation, building services, and health & fitness.

Consumer electronics segment estimated to account for a large market share

On the basis of end-uses, the market is divided into wearables, consumer electronics, and healthcare. The consumer electronics segment is estimated to account for a large market share during the forecast period. Rising need for latest products encouraged manufacturers to upgrade smartphones, tablets, and other similar devices. Introduction of various devices furnished with multiple connectivity technologies is driving the consumer electronics segment.

The future of consumer drones depends on continuous upgradations in photographic equipment and network infrastructure. For instance, in December 2018, drone activity grounded hundreds of flights at one of the UK’s busiest airports. Consumer robotics include robots designed for companionship, entertainment or domestic tasks.

Asia Pacific expected to constitute a significant market share

In terms of regions, the global wireless communication market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to hold a significant market share during the forecast period. Growth of the market is attributed to large consumer base and high adoption of digital technologies in this region. Moreover, increased demand for smart consumer devices and M2M connections per year, and Increased need for industrial revolution is projected to drive the regional market.

Large consumer base and improved standard of living in emerging economies of Asia Pacific such as China, India, and Thailand are expected to drive the regional market. Investments by governments in modernization and development of businesses in India and China led to the rise in adoption of IoT-connected devices, having connectivity ICs.

Segments

The global wireless communication market has been segmented on the basis of

Types

WLAN
WPAN
LPWAN

Technology

Wi-Fi
Bluetooth
Zigbee
NFC
GNSS
LTE CAT-M1
NB-IoT
LoRa
SigFox

End-uses

Wearables
Consumer Electronics
Healthcare

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Softbank
Deutsche Telekom
Nippon Telegraph & Tel
Telstra
Telefonica
America Movil
Vodafone
Verizon Communications
AT&T
China Mobile

Competitive Landscape

Key players in the global wireless communication market include Softbank, Deutsche Telekom, Nippon Telegraph & Tel, Telstra, Telefonica, America Movil, Vodafone, Verizon Communications, AT&T, and China Mobile.

Companies are focusing on various business strategies to acquire a large consumer base. They are investing in product development to acquire maximum share in the market.

Wireless Communication Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireless Communication Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wireless Communication Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wireless Communication Market - Supply Chain
  4.5. Global Wireless Communication Market Forecast
     4.5.1. Wireless Communication Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wireless Communication Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Wireless Communication Market Absolute $ Opportunity
5. Global Wireless Communication Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Wireless Communication Market Size and Volume Forecast by Types
     5.3.1. WLAN
     5.3.2. WPAN
     5.3.3. LPWAN
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wireless Communication Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Wireless Communication Market Size and Volume Forecast by End Users
     6.3.1. Wearables
     6.3.2. Consumer Electronics
     6.3.3. Healthcare
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Wireless Communication Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Wireless Communication Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Wireless Communication Demand Share Forecast, 2019-2026
8. North America Wireless Communication Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Wireless Communication Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Wireless Communication Market Size and Volume Forecast by Types
     8.4.1. WLAN
     8.4.2. WPAN
     8.4.3. LPWAN
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Wireless Communication Market Size and Volume Forecast by End Users
     8.7.1. Wearables
     8.7.2. Consumer Electronics
     8.7.3. Healthcare
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Wireless Communication Demand Share Forecast, 2019-2026
9. Latin America Wireless Communication Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Wireless Communication Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Wireless Communication Market Size and Volume Forecast by Types
     9.4.1. WLAN
     9.4.2. WPAN
     9.4.3. LPWAN
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Wireless Communication Market Size and Volume Forecast by End Users
     9.7.1. Wearables
     9.7.2. Consumer Electronics
     9.7.3. Healthcare
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Wireless Communication Demand Share Forecast, 2019-2026
10. Europe Wireless Communication Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Wireless Communication Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Wireless Communication Market Size and Volume Forecast by Types
     10.4.1. WLAN
     10.4.2. WPAN
     10.4.3. LPWAN
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Wireless Communication Market Size and Volume Forecast by End Users
     10.7.1. Wearables
     10.7.2. Consumer Electronics
     10.7.3. Healthcare
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Wireless Communication Demand Share Forecast, 2019-2026
11. Asia Pacific Wireless Communication Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Wireless Communication Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Wireless Communication Market Size and Volume Forecast by Types
     11.4.1. WLAN
     11.4.2. WPAN
     11.4.3. LPWAN
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Wireless Communication Market Size and Volume Forecast by End Users
     11.7.1. Wearables
     11.7.2. Consumer Electronics
     11.7.3. Healthcare
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Wireless Communication Demand Share Forecast, 2019-2026
12. Middle East & Africa Wireless Communication Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Wireless Communication Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Wireless Communication Market Size and Volume Forecast by Types
     12.4.1. WLAN
     12.4.2. WPAN
     12.4.3. LPWAN
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Wireless Communication Market Size and Volume Forecast by End Users
     12.7.1. Wearables
     12.7.2. Consumer Electronics
     12.7.3. Healthcare
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Wireless Communication Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Wireless Communication Market: Market Share Analysis
  13.2. Wireless Communication Distributors and Customers
  13.3. Wireless Communication Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Softbank
     13.4.2. Deutsche Telekom
     13.4.3. Nippon Telegraph & Tel
     13.4.4. Telstra
     13.4.5. Telefonica
     13.4.6. America Movil
     13.4.7. Vodafone
     13.4.8. Verizon Communications
     13.4.9. AT&T
     13.4.10. China Mobile

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