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Wireless Connectivity IC Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
- Report ID: GMI4132
Wireless Connectivity IC Market Size
Wireless Connectivity IC Market is expected to grow rapidly during 2024-2032, driven by the increasing adoption of smartphones, tablets, wearables, smart home devices, and IoT sensors. As the number of connected devices continues to grow, so does the need for reliable and efficient wireless communication solutions. Consumers and businesses alike rely on these devices for a wide range of activities, from communication and entertainment to monitoring health and controlling home appliances. As the diversity of connected devices continues to increase, so does the demand for wireless connectivity ICs that can support multiple wireless protocols.
Wireless Connectivity IC Market Trends
The integration of artificial intelligence (AI) and machine learning (ML) algorithms into Wireless Connectivity ICs is becoming more prevalent, enabling advanced features such as predictive maintenance, anomaly detection, and intelligent data analytics. AI-enabled ICs offer enhanced performance, efficiency, and security, driving their adoption in various applications across industries. For instance, according to Swiss Cognitive, AI efficiently deciphers data and extracts valuable insights, swiftly analyzing vast sets of network activity. With continuous advancements in AI and ML technologies, the future of wireless connectivity promises to be increasingly intelligent, adaptive, and responsive to evolving user demands and network requirements, which will shape the industry outlook over the forecast period.
Wireless Connectivity IC Market Analysis
Automotive application segment is poised to generate significant demand through 2032, as Wireless connectivity ICs help in enabling advanced connectivity features such as in-vehicle infotainment systems, telematics, vehicle-to-everything (V2X) communication, and autonomous driving capabilities. With the integration of wireless technologies in modern vehicles, wireless connectivity ICs are essential for providing seamless connectivity between onboard systems, mobile devices, and external networks.
IoT from technology segment is poised to grow rapidly during 2024-2032, as wireless connectivity ICs are powering the connectivity backbone of interconnected devices and sensors, enabling data transmission and communication in smart home, industrial, and commercial applications. As IoT deployments continue to proliferate across various sectors, the demand for product with support for multiple wireless protocols, long-range connectivity, and low-power operation is on the rise.
Asia Pacific wireless connectivity IC market size anticipated to expand substantially through 2032, driven by the rapid adoption of connected devices, the growing penetration of smartphones and tablets, and the expansion of IoT deployments across industries. Countries such as China, Japan, South Korea, and India are witnessing significant investments in 5G infrastructure and IoT initiatives, making APAC as a lucrative revenue pocket for the industry players.
Wireless Connectivity IC Market Share
Wireless connectivity IC industry landscape comprises companies such as:
- DNA technology
- MediaTek Inc
- STMicroelectronics
- Texas Instruments
- Cisco Systems
- Silicon Labs
- Renesas Electronics Corporation
- Maxim Integrated
- NXP Semiconductor
- Microchip
- Toshiba Corporation
- Qualcomm
- Cypress Semiconductor (Infineon)
To meet a growing demand amid increased smartphone penetration, these players are undertaking strategic partnerships.
Wireless Connectivity IC Industry News
- In August 2022, AT&T revealed plans to extend its Fiber Internet Service to Arizona, with availability slated for 2023. Speeds of up to 5 gigabits per second were to be offered to over 100,000 homes in and around Mesa.
In April 2024, Texas Instruments (TI) unveiled a fresh SimpleLink™ range of Wi-Fi 6 companion ICs designed to assist designers in establishing dependable, secure, and efficient Wi-Fi connections at a cost-effective rate. These ICs cater to applications functioning in high-density or high-temperature environments, reaching up to 105ºC
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