Wi-Fi Module Market Report 2025

This Wi-Fi Module market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The Wi-Fi module market size has grown rapidly in recent years. It will grow from $63.23 billion in 2024 to $71.72 billion in 2025 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to the need for network performance optimization, growing regulatory requirements for data protection and network security, growth in public wi-fi deployment, and increased digital transformation.

The Wi-Fi module market size is expected to see rapid growth in the next few years. It will grow to $117.43 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to increased demand for high-speed internet, a growing number of connected devices, the proliferation of Internet of Things (IoT) devices, increasing adoption of cloud-based services, and increased mobile payment adoption. Major trends in the forecast period include advancements in wi-fi technology, integration with smart building systems, rollout of 5g technology and its integration, sustainable technology solutions, and integration of AI and machine learning.

The rising adoption of IoT devices is expected to drive the growth of the Wi-Fi module market. IoT devices are interconnected gadgets that communicate and exchange data over the internet. Factors such as technological advancements, increased connectivity and bandwidth, decreasing costs of sensors and hardware, and the growing need for automation and data-driven decision-making are fueling the adoption of IoT devices. Efficient and reliable Wi-Fi modules are essential for ensuring consistent network connectivity and effective data exchange in these devices. For instance, a report by Ericsson, a Sweden-based telecommunications company, noted that IoT connections reached 15.7 billion in 2023 and are projected to grow by 16% to 38.8 billion by 2029. As a result, the growing adoption of IoT devices is boosting the Wi-Fi module market.

Companies in the Wi-Fi module market are focusing on developing advanced products, such as third-generation technology, to gain a competitive edge. Wi-Fi 6 (802.11ax), the latest advancement in wireless networking technology, offers improved performance, efficiency, and capacity compared to previous generations. For example, in January 2024, Quectel Wireless Solutions, a China-based wireless communication service provider, introduced its Wi-Fi 7 modules, FGE576Q and FGE573Q. These modules offer data rates of up to 3.6 Gbps and 2.9 Gbps, respectively, operating on dual bands (2.4 GHz + 5 GHz and 2.4 GHz + 6 GHz). This technology is designed to enhance speed, capacity, and efficiency across various applications, including smart homes, industrial automation, healthcare, and transportation.

In January 2022, Hanwha Solutions Corporation, a South Korea-based chemicals company, acquired the wireless module business unit of Samsung Electro-Mechanics for an undisclosed amount. This acquisition, combining Samsung Electro-Mechanics' wireless module design and manufacturing expertise with Hanwha's global business network, is expected to create significant business opportunities. Samsung Electro-Mechanics, based in South Korea, is a provider of Wi-Fi modules.

Major companies operating in the Wi-Fi module market are Verizon Communications Inc., Intel Corporation, Vodafone Group Plc, Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Bharti Airtel Limited, Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Rogers Communications Inc., Arista Networks Inc., Tata Communications Limited, NMB Technologies Corporation, U-Blox Holding AG, Ruckus Wireless Inc., Espressif Systems Co. Ltd., Rolling Wireless SARL, LM Technologies Ltd., LG Networks Inc., DayStar Electric Technology Inc.

North America was the largest region in the Wi-Fi module market in 2023. The regions covered in the Wi-Fi module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the Wi-Fi module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A Wi-Fi module is a hardware component that facilitates wireless communication between electronic devices and a Wi-Fi network. It serves as an interface, enabling devices like computers, smartphones, Internet of Things (IoT) devices, and other embedded systems to connect to the internet or a local area network (LAN) wirelessly using the IEEE 802.11 standard, commonly known as Wi-Fi.

Wi-Fi modules are primarily categorized into universal Wi-Fi modules, router scheme Wi-Fi modules, and embedded Wi-Fi modules. A universal Wi-Fi module is a flexible component designed to provide Wi-Fi connectivity across various devices and applications. These applications include smart appliances, handheld mobile devices, medical and industrial testing instruments, smart grids, and routers. Wi-Fi modules are utilized by different end users, including residential, commercial, and industrial users.

The Wi-Fi module market research report is one of a series of new reports that provides Wi-Fi module market statistics, including Wi-Fi module industry global market size, regional shares, competitors with a Wi-Fi module market share, detailed Wi-Fi module market segments, market trends and opportunities, and any further data you may need to thrive in the Wi-Fi module industry. This Wi-Fi module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Wi-Fi module market consists of sales of single-chip modules, dual-band transceivers, surface-mount modules, and USB wi-fi adapters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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