Frequently asked questions about global wireless connectivity market
The wireless connectivity market is expected to grow at a CAGR of 13.4% from 2021 to 2027, from US$ 72.6 billion in 2020 to US$ 174.8 billion in 2027.
The development of 5G networks, as well as significant financial assistance from governments for R&D in the Internet of Things, are two of the market’s key opportunities.
The growing demand for wireless sensor networks in smart infrastructure development, a significant increase in internet penetration rate, and increased adoption of the Internet of Things are some of the market’s primary driving forces (IoT).
Asia Pacific will dominate the wireless connectivity market.
Consumer electronics are expected to have the largest market share.