Wireless Connectivity Market

Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)

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Industry: Information & Communications Technology

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Wearables to Drive Global Wireless Connectivity Market

The recent explosion in smartphone usage, along with the development of wearable devices, such as watches, and glasses has dramatically increased the demand for wireless connectivity. With each passing day, new smartphones and tablets are introduced to the market by numerous players such as Samsung and Apple. Furthermore, Google is continuously developing its Android OS to offer more advanced features on a wide range of devices including smartwatches and even glasses.  As wearables continue their path towards becoming mainstream consumer products, there is a lot of scope for their integration into the Internet of Things. Wearables have been around since as early as 2000 but failed to take off due to low battery life and low processing power. However, new technological advancements in battery types, Bluetooth technology, and wireless connectivity have opened new possibilities for wearables.

The technology behind these devices is the basis for future generations of lighting and building management systems. From a lighting perspective, the wireless connectivity of wireless access points and routers is used to create home and building automation systems. Apart from convenience and energy-saving benefits, these systems also offer more control over surroundings. For example, end-users can make use of smartphones or tablets to turn on/off lights in different parts of the house or select presets that regulate brightness levels.

Healthcare Sector to Witness Rapid Boom in the Adoption of Wireless Devices

In today’s modern world, healthcare has also seen a dramatic increase in the adoption of mobile devices along with software solutions that aim to make it easier for physicians and medical staff to access patient information almost anywhere at any time. Wearable devices can be used by patients themselves or given to them by the doctors at home after discharge from the hospital. Wearables can also contain various wireless sensors that interact with external environments – such as temperature, pulse etc. Wearables are thus expected to evolve into a large market in the healthcare sector. 

While this makes for a good case of mobile use in the medical profession, there are certain areas where Wi-Fi or Bluetooth connectivity does not reach. This causes issues where doctors have to physically carry laptops onwards with them to access patient records. The hospitals are thus increasingly demanding wireless networks within their premises to provide uninterrupted internet connectivity so that they can access information wherever it is required without being tied down by cables and other physical restrictions. Wireless networking also aims to provide better collaboration between teams and fast transfer of information to make better diagnosis and treatment for patients possible.    

However, wireless connectivity in healthcare installations also pose certain challenges that vendors need to take note of.  Wireless devices usually operate at the 2.4 GHz band which is widely used by other consumer equipment such as microwaves, cordless phones, etc. This can cause issues with interference or even blockage due to large-scale use of this frequency for various purposes. Wireless devices are thus expected to evolve into newer technologies for higher speeds and greater security so that they do not have any serious impact on patient care or information sharing within the practice rooms.

Demand for Smart Home and Smart Infrastructure Boosts Global Wireless Connectivity Market

As smart infrastructures begin to emerge, the demand for wireless connectivity within smart cities becomes more prevalent. Smart infrastructure has components that are networked together and require robust wireless connections. New smart homes also need to be equipped with smart meters which report back data through a wired or wireless connection (Sharp). While there is already existing infrastructure in smart cities like roads and buildings, new smart structures like smart homes and smart city sensors are being built every day. This increase in smart structures increases the demand for smart connectivity throughout these structures.

One of the biggest problems that designers face when designing both home appliances as well as electric devices for smart homes is ensuring that they can communicate with one another using common technology. For this reason, many have turned to smart connectivity solutions for smart homes using wireless protocols. Some of the most common smart connectivity platforms used in smart homes are Z-Wave and ZigBee. Both these smart home systems have a low power requirement, which makes them a good choice for smart appliances that rely on battery power (Fingas). ZigBee is one of the most popular smart connectivity protocols, with over 20 million devices already utilizing it. This protocol uses mesh technology to allow communication between smart home appliances by creating a network among all connected devices. To maximize the interoperability of smart home appliances, many companies have adopted this standard so they can enable their products to communicate with other smart appliances from different manufacturers.

In total, it's estimated that over 30 million smart metering devices had been deployed by 2020 throughout North America alone. This increase in demand for smart meters has caused many smart cities to increase their smart meter infrastructure to accommodate smart homes and smart businesses alike. Without the technology within these smart meters, smart appliances and smart infrastructures would not be able to communicate effectively and efficiently with the outside world.

Privacy and Security to Remain the Key Challenge to Global Wireless Connectivity Market

As the Internet of Things (IoT) continues to expand, more devices are leveraging cloud capabilities. From offering remote controls for storage heaters, smart TVs and home security systems, to automated drones and live-directing robots; the IoT is making lives easier in many ways. However, this convenience may come at a cost to privacy and security. There’s an increasing volume of data that is generated by these IoT devices; much of which is personal in nature. If not handled carefully, there’s scope for sensitive information about users’ behaviors to be exposed or even used against them without their knowledge.

This could lead to fraudulent activities such as identity theft or account takeovers when hackers access user accounts through devices that store passwords. At worst, it could even result in physical harm when hackers gain access to security systems via remotely controlled home appliances or medical devices. According to a report by IBM, IoT device growth is projected to reach 19 billion units by 2020. The surge in connected devices opens up new opportunities for cybercriminals looking to exploit vulnerabilities and launch their next cyberattack.

LTE Cat-M1 to Become the Fastest-Growing Connectivity Technology

CAT-M1 is a cellular network technology that's quickly gaining traction among IoT device manufacturers and developers seeking to embed cellular connectivity into their products. For example, Caterpillar has begun using CAT-M1 modules in some of its new telematics solutions. The company said the factory implement telematics devices can now "connect with low power wide area networks (LPWAN) such as those based on LTE CAT M1 technology.

It is expected that the global shipments of CAT-M1 modules to grow from 2 million units in 2015 to more than 25 million units by 2023 at a compound annual growth rate of 113%. As per our findings, the take-up of the technology will be driven mostly by growth in the number of cellular-enabled M2M devices, particularly those used for telematics and fleet management.

It is not only the high level of performance that makes LTE CAT-M1 so interesting but also its potential applicability. The focus in developing this technology was to provide a robust IoT solution supporting a wide range of IoT applications. The use cases range from smart city/building solutions to asset tracking and industrial process automation. In addition to Caterpillar, other major companies have been increasingly vocal about their use or plans for the deployment of CAT-M1 including AT&T which says it's using it as part of its-to-machine strategy with the recent deployment of telematics solutions. The recently introduced AT&T Connected Car Services includes CAT-M1.

Asia Pacific to Dominate the Global Wireless Connectivity Market

The Asia-Pacific region will hold the largest share of the wireless connectivity devices market. APAC will account for largest share of the total wireless connectivity devices throughout the forecast period. The high growth rate in consumer adoption is one of the main drivers behind this increase. Urbanization and population growth are factors driving this growth as well. Other factors including government investment, encouraging infrastructure development, ongoing technology modernization, and availability of advanced technologies are also creating an ecosystem perfect for broadband expansion.

Cellular infrastructure will continue to be highly correlated with economic development across emerging markets in Asia-Pacific during 2020-2025. This bodes well for operators because many countries have made efforts to encourage investments in the sector. The rising demand for broadband connectivity in APAC will be driven by factors including the increasing penetration of smartphones, growing demand for media streaming over cellular networks, and the rising need to access broadband Internet.

Key Elements Included In The Study: Global Wireless Connectivity Market

  • Wireless Connectivity Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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