Wireless Communication Module Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Upgrade to 4G/LTE & 5G networks and IoT proliferation to drive the wireless communication module market

The wireless communication module market worldwide is expected to grow with a CAGR of 14.1% during the forecast period from 2021 to 2029, starting from US$ 21.92 Bn in 2020. Technological propagation and increasing array of the digital devices, enhanced interfaces for the real-time web surfing and the applications have considerably increased the data usage over the wireless networks. Therefore, customers are more susceptible to use the wireless digital devices against the personal computers for the purpose of accessing the real-time data. Nevertheless, high power consumption by the wireless sensor, connected devices and the terminals and lack of uniform communication standards is estimated to restrict the growth of the market.

Telecom/Datacom to Continue Dominating the Market

Wide-spread use of the unified communication platforms by numerous organizations for the purpose of saving time and recede the distance barriers through unified mobile connectivity helps create the avenues for wireless communication module market. Growing social media consciousness has actually led to the increased adoption of the wireless networks and provides numerous market growth opportunities. Rising trends towards the internet marketing and promotion is also anticipated to fuel the market growth over the forecast period.

Asia Pacific to Register the Fastest Growth

Asia Pacific is expected to maintain the fastest growth rate in global wireless communication module market with the China being major revenue contributor. Augmented deployment of the 3G and the LTE technologies and the constant rise in the usage of the mobile devices are driving the market demand for the wireless communication modules APAC region. Furthermore, increased deployment of the wireless modules in electronic security sector is also expected to contribute to the market growth in this region.

Some of the major companies profiled in the report include Siemens, TDK, Microchip, ROHM, STMicroelectronics, Murata, NXP, FATEK, ERL, River Electric among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of Wireless Communication Module in 2020 and forecast up to 2029?
• Which is the largest regional market for Wireless Communication Module?
• What are the major trends followed in overall Wireless Communication Module 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 market?

Unique data points of this report

• Statistics on Wireless Communication Module penetration and spending worldwide
• Recent trends across different regions in terms of adoption of Wireless Communication Module across various applications
• Notable developments going on in Wireless Communication Module
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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