U.S. Wireless Connectivity Technology Market Growth 2021-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider U.S. Wireless Connectivity Technology Market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, U.S. Wireless Connectivity Technology Market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.
The U.S. wireless connectivity technology market size was valued at $13.38 billion in 2020, and is projected to reach $29.95 billion by 2027, registering a CAGR of 9.6% during the forecast period of 2021 to 2027
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Wireless connectivity is referred to as networking technology which is used for connection between two nodes or devices without the use of cable, cords, and wires. Wireless connectivity is a method that allows the consumers to avoid costly installation of cables within the premises for connectivity between devices and systems.
The penetration of Wi-Fi in residential, commercial, and industrial sectors as a wireless LAN connection boosts the demand for Wi-Fi enabled smart lighting. The pre-existing Wi-Fi equipped infrastructure tends to use Wi-Fi connectivity for smart lights. Further, the penetration of IoT-based technologies in the developing economies is expected to create opportunities for future market.
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
In addition, Bluetooth is used in smart lighting infrastructure as wireless connectivity technology. This wireless technology inter-links devices and provides users with remote access. For instance, smart LED bulb by Svarochi provides users with Bluetooth connectivity, which helps them to remotely access the device to control illumination, hue of lights, and other features.
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Further, the advancement of Bluetooth technology is used to create proficient wireless connectivity. For instance, the SSL industry has built support around the open Bluetooth Mesh standard. Mesh technology has recently gained momentum due to its open connectivity nature and is extensible to cover a variety of lighting installations.
Factors such as rise in demand for wireless networks in development of smart infrastructure, growth in adoption of AI assistants, and integration of IoT in surveillance cameras drives the growth of U.S. wireless connectivity technology market. However, high installation and maintenance cost in wireless network system hampers the market growth. Furthermore, emergence of IoT & AI technology and growth in development of smart city projects, is expected to create lucrative opportunities.
The U.S. wireless connectivity technology market is segmented on the basis of solution, and application. Based on solution, wireless connectivity technology market is sub-segmented into services and connectivity technology. Base on the services, the market is categorized into integration, maintenance, and automation. Based on the Connectivity Technology, the market is classified into Wi-Fi, Bluetooth, ZigBee, NFC, Cellular Technology, and Others. The applications covered in the study include consumer electronics, energy, chemical manufacturing, aerospace & defense, healthcare, and others.
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TOP IMPACTING FACTORS
The factors such as demand for wireless networks in development of smart infrastructure, growth in adoption of AI assistants, and integration of IoT in surveillance cameras drives the growth of wireless connectivity technology market. However, high installation and maintenance cost in wireless network system hampers the U.S. wireless connectivity technology market growth. Furthermore, emergence of IoT & AI technology for smart lightning and growth in development in smart city projects is expected to further increase demand for wireless connectivity technology.
The Demand for Wireless Networks in Development of Smart Infrastructure
The connectivity has witnessed development from wired connections to wireless connections. Further, the advancement of wireless connections that has increased data transfer rate is expected to drive the growth of wireless connectivity technology market due to wide application of wireless networks in smart infrastructures. For instance, in the U.S. average commuter spends about 42 hours a year stuck in traffic, which is higher in mega cities such as such as Los Angeles or New York. Wherein, smart cities connected traffic lights can analyze traffic patterns and adjust in real-time to reduce congestion and delays.
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Integration of IoT in Surveillance Cameras
IoT is expanding at a rapid rate and is expected to grow over the coming years at a constant pace. There are estimated to be around 20 billion connected devices worldwide by 2020. Integration of IoT in video surveillance for security and monitoring offers greater visibility over asset monitoring to improve security and prevent critical loss through real-time surveillance. This feature ensures secured monitoring facility from any location with Wi-Fi access, security alerts, and real-time data capturing. For instance, integration of IoT in video surveillance assist in the working of intelligent transportation system. Rise in demand for integrated security and monitoring in traffic management system and network encourages the governments of various countries to deploy smart monitoring system for the intelligent transport model. This in turn supplement the growth of wireless connectivity market in U.S.
The U.S. wireless connectivity technology market players profiled in the report include Qualcomm Incorporated, Intel Corporation, NXP Semiconductors N.V., Texas Instruments Inc., STMicroelectronics N.V., Cypress Semiconductor Corporation, Panasonic Corporation, Nexcom International, Atmel Corporation and MediaTek Inc. These key players adopt several strategies such as, new product launch and development, acquisition, partnership, collaboration, and business expansion to increase the wireless connectivity technology market share during the forecast period.
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KEY BENEFITS FOR STAKEHOLDERS
? This study includes the analytical depiction of the U.S. wireless connectivity technology market forecast along with the current market trends and future estimations to determine the imminent investment pockets.
? The report presents information regarding the key drivers, restraints, and opportunities in the U.S. wireless connectivity technology market.
? The U.S. wireless connectivity technology industry growth is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
? Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
– Connectivity Technology
o Others ( Li-Fi, 5G)
– Consumer Electronics
– Automotive and Transportation
– Aerospace & Defense
– IT & Telecom
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Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import-dependent U.S. Wireless Connectivity Technology Market, a large number of indigenous manufacturers of syringes and needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the U.S. Wireless Connectivity Technology Market . It begins with the introduction section which mentions the features and uses of syringes and needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes and needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes and needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the U.S. Wireless Connectivity Technology Market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
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What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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