Amplification in the use of smartphones and neoteric developments in the crannies of wearable technology such as smartwatches, fitness trackers, safety wearables, etc. have ushered its way to wireless connectivity. Continuous technological advancements and keeping up with the prevailing trends due t...
Amplification in the use of smartphones and neoteric developments in the crannies of wearable technology such as smartwatches, fitness trackers, safety wearables, etc. have ushered its way to wireless connectivity. Continuous technological advancements and keeping up with the prevailing trends due to COVID-19 viz work-from-home and virtual learning has enriched the demand for low-power wide-area (LPWA) networks. Although low-processing and minimal battery life hindered the growth of wireless connectivity, homogenizing with IoT and M2M (machine to machine) devices is expected to a promising solution in the coming years.
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Key Highlights of the Wireless Connectivity Market
Smart infrastructure backed by smart meters has fostered the need for wireless connections across roads, homes, and buildings. As the usage of IoT devices proliferates, a great amount of user data is accumulated which could be hacked or used without consent. Ergo, data security and privacy breaches remain one of the biggest concerns. The incessant use of LTE Cat-M1 has increased over time, enabling the telematics device to connect with the low power wide area networks (LPWAN).
Healthcare Sector Exuberantly Embraces Wireless Devices
The emergence of the COVID-19 pandemic embarks on the drastic changes in lifestyle and healthcare sectors. Healthcare departments across the globe have consistently become more conscious of dealing with patients. Subsequently, patients are being allotted the smart devices to keep a check on oxygen level, pulse rate, and heartbeats. Furthermore, the medical records are also backed on the IoT applications aiding wireless connectivity. However, there are specific regions where Wi-Fi or Bluetooth is inaccessible which is a stumbling block for wireless connections. On redressing the section, the usage of devices that are wirelessly connected will be unstoppable in the near future.
Asia Pacific Significantly Sway Wireless Connectivity Market
Asia Pacific is expected to flourish in the global wireless connectivity market. Extended use of smartphones, media streaming over smart devices, smart consumer devices in these developing economies, and perpetual advancement in the region are the boosters of the requirement alongside urbanization and population growth. Besides, government financial assistance and technical rejuvenation with hi-tech succor is projected to create new avenues for growth over the study period. All in all, the economic evolution will continue to grow, propelled by the robust cellular infrastructure of the Asia Pacific region, in the years to follow.
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Prepollent Combatants in the Wireless Connectivity Market
Some of the chief market players leading in the race of proffering world-class wireless connections are 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), Cypress Semiconductor Corporation (US), Renesas Electronics Corporation (Japan), EnOcean (Germany), Nexcom International Co., Ltd. (Taiwan), Skyworks Solutions, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Marvell Technology Group (Bermuda), Nordic Semiconductor (Norway), Espressif Systems (China), CEVA, Inc. (US), Quantenna Communications, Inc. (US), Peraso Technologies, Inc. (Canada), Panasonic Corporation (Japan), BehrTech (Canada), Element 14 (Singapore), Dialog Semiconductor (UK), and Silicon Labs (US) These players are increasingly undertaking product launches and developments, and acquisitions to develop and introduce new technologies and products in the global wireless connectivity market.
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