Upgrade to 4G/LTE and 5G networks and IoT proliferation will drive the wireless communication module market.
The wireless communication module market worldwide is expected to grow at a CAGR of 14.1% during the forecast period from 2019 to 2027, starting at US$ 17.10 billion in 2018. Technological propagation and the increasing array of digital devices, enhanced interfaces for real-time web surfing, and the applications themselves have considerably increased data usage over wireless networks. Therefore, customers are more susceptible to using wireless digital devices against personal computers for the purpose of accessing real-time data. Nevertheless, high power consumption by the wireless sensor, connected devices, and terminals and a lack of uniform communication standards are estimated to restrict the growth of the market.
Market Synopsis
Telecom/Datacom to Continue Dominating the Market
The widespread use of unified communication platforms by numerous organizations for the purpose of saving time and reducing distance barriers through unified mobile connectivity helps create avenues for the wireless communication module market. Growing social media consciousness has actually led to increased adoption of wireless networks and provided numerous market growth opportunities. Rising trends toward internet marketing and promotion are also anticipated to fuel market growth over the forecast period.
Asia Pacific to Register the Fastest Growth
Asia Pacific is expected to maintain the fastest growth rate in the global wireless communication module market, with China being the major revenue contributor. Augmented deployment of the 3G and LTE technologies and the constant rise in the usage of mobile devices are driving market demand for wireless communication modules in the APAC region. Furthermore, increased deployment of wireless modules in the electronic security sector is also expected to contribute to the market's growth in this region.
Some of the major companies profiled in the report include Siemens, TDK, Microchip, ROHM, STMicroelectronics, Murata, NXP, FATEK, ERL, and River Electric, among others.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The wireless communication module market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global wireless communication module market based on type, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of wireless communication modules in 2018, and what is the forecast up to 2027?
Which is the largest regional market for wireless communication modules?
What are the major trends followed in overall wireless communication modules across different regions?
Who are the key wireless communication module companies leading the market?
What are the key strategies adopted by the leading wireless communication module companies in the market?
Unique data points of this report
Statistics on Wireless Communication Module Penetration and Spending Worldwide
Recent trends across different regions in terms of the adoption of wireless communication modules across various applications
Notable developments are going on in the Wireless Communication Module.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Wireless Communication Module Market is expected to reach USD$ 17.10 Bn in 2027.
The Wireless Communication Module Market is expected to see significant CAGR growth over the coming years, at 14.1% .
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
TDK, Microchip, ROHM, STMicroelectronics, Murata, NXP, FATEK, ERL, and River Electric .are some of the major players in the global market.
