What Is The Current and Historic Market Size Analysis Of The Wi Fi Module Market?
The wi fi module market has seen considerable growth due to a variety of factors.
• The market size of the Wi-Fi module has experienced a significant expansion in the past few years. It is projected to swell from $63.23 billion in 2024 to $71.72 billion in 2025, boasting a compound annual growth rate (CAGR) of 13.4%.
The exponential growth observed in the historical period is linked to the demand for network performance enhancement, burgeoning regulatory essentials pertaining to data safety and network security, augmentation in public Wi-Fi installations, and a surge in digital transformation.
What Is The Forecast For The Wi Fi Module Market Size?
The wi fi module market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for Wi-Fi modules is forecasted to experience significant expansion in the coming years. It is anticipated to escalate to $117.43 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%.
Factors contributing to this projected growth during the forecast period consist of an escalating requirement for high-speed internet connectivity, an intensifying quantity of connected devices, a surge in Internet of Things (IoT) devices, a rising uptake of cloud-hosted services, and a surge in the utilization of mobile payments. The anticipated trends for the forecast period comprise of advancements in Wi-Fi technology, incorporation into smart building systems, the introduction and integration of 5G technology, sustainable tech solutions, and the amalgamation of AI and machine learning.
What Are The Essential Drivers Behind The Growth Of The Wi Fi Module Market?
The growth of wi-fi modules is anticipated to be buoyed by the rising usage of Internet of Things (IoT) devices. IoT devices, which are interconnected tools that share and exchange data via the internet, are seeing increased adoption due to various factors such as technological progress, enhanced connectivity and bandwidth, decreasing costs of sensors and hardware, and an escalating need for automation and data-driven decision-making. Reliable and efficient Wi-Fi modules are crucial to ensuring steady network connectivity and effective data exchange as the adoption of IoT devices becomes more widespread. An example of this is a 2023 report by Ericsson, a telecommunications company from Sweden, which stated the total IoT connections rose to 15.7 billion in that year, with a predicted growth of 16% to 38.8 billion connections by 2029. Thus, the continued rise in IoT device usage is fuelling the expansion of the wi-fi module market.
How Is The Global Wi Fi Module Market Divided Into Key Segments?
The Wi-Fi modulemarket covered in this report is segmented –
1) By Type: Universal Wi-Fi Module, Router Scheme Wi-Fi Module, Embedded Wi-Fi Module
2) By Application: Smart Appliances, Handheld Mobile Devices, Medical And Industrial Testing, Instruments, Smart Grid, Router
3) By End Users: Residential Users, Commercial Users, Industrial Users
Subsegments:
1) By Universal Wi-Fi Module: Standard Wi-Fi Modules (802.11a/b/g/n/ac/ax), Dual-Band Wi-Fi Modules, Tri-Band Wi-Fi Modules, Wi-Fi 6 (802.11ax) Modules
2) By Router Scheme Wi-Fi Module: Mesh Wi-Fi Modules, Wi-Fi Router Modules for Residential Use, Wi-Fi Router Modules for Commercial Use, Wi-Fi Repeater/Extender Modules
3) By Embedded Wi-Fi Module: Wi-Fi Modules for IoT Devices, Wi-Fi Modules for Smart Home Applications, Wi-Fi Modules for Industrial Automation, Wi-Fi Modules for Wearables
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What Emerging Trends Are Influencing The Growth Of The Wi Fi Module Market?
Top businesses in the Wi-Fi module market are concentrating on the production of superior items, such as third-generation technology, in order to establish a stronger position in the market. The third-generation Wi-Fi technology, often referred to as Wi-Fi 6 (or 802.11ax), signifies the most current developments in wireless networking technology, aiming to enhance performance, efficiency, and capacity compared to their predecessors. For example, in January 2024, Quectel Wireless Solutions, a firm based in China specialising in wireless communication services, presented its latest Wi-Fi 7 modules, the FGE576Q and FGE573Q. These new modules represent a significant advancement in wireless connectivity for devices used in IoT and mobile. The FGE576Q can reach data speeds of up to 3.6 Gbps, whereas the FGE573Q can support up to 2.9 Gbps, both functioning on dual bands (2.4 GHz + 5 GHz and 2.4 GHz + 6 GHz). This technology offers enhanced speed, capacity, and efficiency, suitable for a broad spectrum of applications such as smart homes, industrial automation, healthcare, and transport.
Who Are the Key Players In The Wi Fi Module Market?
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.
What Are The Regional Insights Into The Wi Fi Module Market?
North America was the largest region in the Wi-Fi module market in 2024. The regions covered in the Wi-Fi module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
