The Wireless Module Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Wireless Module Market?
The market size of the wireless module industry has seen substantial growth in past years. In 2024, the market was valued at $7.02 billion and it is projected to increase to $8.00 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 13.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Wireless Module Industry?
The Wireless Module Global Market Report 2025 predicts that by 2029, the market size for wireless modules will reach $13.28 billion, growing at a compound annual growth rate (CAGR) of 13.5%.
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What are the Key Growth Drivers Fueling the Wireless Module Market?
The key drivers in the wireless module market are:
• Heightened demand for IoT devices
• Development and expansion of smart cities
• Rising industrial automation
• Increasing use of connected healthcare solutions and vehicles.
Global Market Segmentation: Identifying Major Wireless Module Industry Segments
The wireless module market covered in this report is segmented –
1) By Type: Router, Wi-Fi Module, Embedded Wi-Fi Module
2) By Technology: Low-Power Wide-Area Network (LPWAN), 5G, 4G Or Long Term Evolution (LTE), Other Technologies
3) By Application: Remote Control, Public Safety, Wireless Payment, Transportation, Smart Meter Reading, Other Applications
4) By End-Use: Residential, Industrial, Commercial, Consumer Electronics
Subsegments:
1) By Router: Industrial Routers, Enterprise Routers, Consumer Routers, Mobile Hotspot Routers
2) By Wi-Fi Module: Dual-Band Wi-Fi Modules, Single-Band Wi-Fi Modules, Long-Range Wi-Fi Modules
3) By Embedded Wi-Fi Module: Surface Mount Wi-Fi Modules, Through-Hole Wi-Fi Modules, System-on-Module (SoM) Wi-Fi Modules
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What are the emerging Trends Shaping the Future of the Wireless Module Market?
The key trends in the wireless module market are:
• The incorporation of AI for sophisticated data processing is expected to shape the wireless module market substantially.
• Another emerging trend is the improvement in power efficiency for IoT devices.
• The market may also see a shift towards compact designs in wireless modules.
• The development of long-range communication technologies like LoRa and Zigbee is an upcoming trend.
Who Are the Top Competitors & Leading Players in the Wireless Module Market?
Major players in the wireless module market are:
• Huawei Technologies Co. Ltd.
• Xiaomi Corporation
• CODICO GmbH
• ZTE Corporation
• Murata Manufacturing Co. Ltd.
• Microchip Technology Inc.
• Taiyo Yuden Co. Ltd.
• Quectel Wireless Solutions Co. Ltd.
• Advantech Co. Ltd.
• u-blox AG
• Silicon Laboratories Inc.
• Digi International Inc.
• Telit Communications plc
• AzureWave Technologies Inc.
• Shenzhen Longsys Electronics Co. Ltd.
• Laird Technologies Inc.
• Silex Technology Inc.
• Particle Industries Inc.
• Adafruit Industries LLC
• Sierra Wireless Inc.
• Option N.V.
• Mipot S.p.A.
• Shanghai MXCHIP Information Technology Co. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the wireless module market in 2024
