A Wi-Fi module is a functional unit that connects number of electronics devices to the internet mainly, laptops, tablets, smartphones, and smart appliances that include air-conditioner, smart television, washing machine, refrigerator and others. In addition, the Wi-Fi modules are utilized in various industries mainly scientific, industrial, commercial, healthcare, and consumer applications.
The major driving factor of the Wi-Fi module market is the increase in the adoption of cloud computing and growth of telecommunication, residential, and commercial sector. However, rise in privacy and security issues in the age of IoT restrains the market growth. On the contrary, development of 5G technology is expected to create lucrative growth opportunities in future. The global Wi-Fi module market is segmented based on type, application, and region. Based on type, the market is categorized into router scheme Wi-Fi module, and embedded Wi-Fi module. Depending on application, the market is categorized into smart grid & smart appliances, handheld mobile devices, medical & industrial testing instruments, and router. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players profiled in the report include Murata Manufacturing Co., Ltd., Taiyo Yuden Co., Ltd., Azure Wave Technologies, Inc., Silicon Laboratories Inc., Laird PLC, Broadlink, Advantech Co., Ltd., Shanghai MXCHIP Information Technology Co., Ltd., Silex Technology, Inc., Microchip Technology Inc.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
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KEY BENEFITS FOR STAKEHOLDERS
The study comprises analytical depiction of the global Wi-Fi module market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger foothold in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2018 to 2024 to highlight the financial competency of the market.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET PLAYERS PROFILED
Murata Manufacturing Co., Ltd.
Taiyo Yuden Co., Ltd.
Azure Wave Technologies, Inc.
Silicon Laboratories Inc.
Laird PLC
Broadlink
Advantech Co., Ltd.
Shanghai MXCHIP Information Technology Co., Ltd.
Silex Technology, Inc.
Microchip Technology Inc.
KEY MARKET SEGMENTS
BY TYPE
Router Scheme Wi-Fi Module
Embedded Wi-Fi Module
BY APPLICATION
Smart Grid & Smart Appliance
Handheld Mobile Device
Medical & Industrial Testing Instrument
Router
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BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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