Global Wi-Fi module market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 11.2% during the forecast period.
Global Wi-Fi module market
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Global Wi-Fi module market Definition
Wi-Fi Module is a self-reliant system on chip (Soc) that is integrated with transmission control protocol or internet protocol stack and allows any microcontroller to give access to any Wi-Fi network.
Global Wi-Fi module market Dynamics
A rising use of Wi-Fi module to connect various electronics devices such as laptop, Smartphone, tablets, and smart home appliances such as TVs, air conditioners and many others is the major driving factor behind the growth of the market. An increasing demand for Wi-Fi module from industries such as industrial, domestic, commercial and scientific, growing adoption of cloud computing and IoT based services, growing market for smart connected devices and telecommunication industry and rising adoption rate of smart homes across the globe are expected to improve the growth of the market during the forecast period.
However, limited GPIO pins and increasing privacy and security concerns are the major restraining factors that could restrict the growth of the market.
Global Wi-Fi Module Market: Segmentation Analysis
By application, home automation segment dominated the market in 2019 and is projected to witness high growth at a CAGR of XX% during the forecast period. A rising adoption of smart home or smart house across the globe is attributed to the growth of the market. The Wi-Fi module provides some benefits such as low power consumption, high performance, high power management capabilities and high connectivity, which are making them most ideal choice for various smart home applications. A growing adoption of Wi-Fi modules in various wireless home devices such as network security cameras and smart power plug applications is expected to propel market growth in the coming years.
Increasing significance of Wi-Fi modules in several product applications such as mesh network, industrial wireless control, sensor networks, security ID tags, wireless positioning system device, wearable electronics devices, wireless location-aware devices and many others applications is further impelling the growth of the market.
Global Wi-Fi Module Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing market for consumer electronics and telecommunication industry across the region.
A vast availability of raw materials with low cost and high production capabilities and facilities, rising market for wireless communication technologies and growing adoption of home automation and industrial automation technologies are driving the growth of the market in the APAC region.
The objective of the report is to present a comprehensive analysis of the Global Wi-Fi Module Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Wi-Fi Module Market dynamics, structure by analyzing the market segments and projects the Global Wi-Fi Module Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wi-Fi Module Market make the report investor’s guide.
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Global Wi-Fi Module Market, By Product
• Embedded Wi-Fi Module
• Router Scheme Wi-Fi Module
Global Wi-Fi Module Market, By Application
• Smart Grid & Smart Appliance
• Handheld Mobile Device
• Home Automation
• Medical & Industrial Testing Instrument
Global Wi-Fi Module Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Wi-Fi Module Market, Key Players
• Murata Manufacturing Co., Ltd
• Taiyo Yuden Co., Ltd
• Azure Wave Technologies, Inc
• Silicon Laboratories Inc
• Laird PLC
• Advantech Co., Ltd
• Shanghai MXCHIP Information Technology Co., Ltd
• Silex Technology, Inc
• Microchip Technology Inc
• NXP Semiconductors
• Mouser Electronics
• Wi2Wi, Inc
• Redpine Signals
• Silicon Labs
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