Wi-Fi Module Market - Forecast(2021 - 2026)
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• The market for Wi-Fi Module market size is estimated to grow at a CAGR of 7.9% during the forecast period 2021 to 2026 to reach $22.9 billion. • The significant rise in the demand for the Wi-Fi Modules is owing to the rising data traffic alongside cloud computing and 5G deployment across various regions. Reduction in the cost of ownership of Wi-Fi infrastructure for organizations, development of smart cities, increased demand for high-speed and widespread wireless network interface controls, and quick deployment of networks and end-to-end value chain visibility offered to organizations are factors fuelling the growth of the Wi-Fi Module industry. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • APAC is analysed to grow at highest rate during the forecast period owing to the increasing developments in the communication and adoption of advanced technologies. • With the rising adoption and implementation of IoT devices is significantly contributing to the embedded Wi-Fi module growth rate. • The increasing infrastructure development in the communication sector such as 5G is analysed to be the key driving factor for the market.
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By Distribution Channel- Segment Analysis By type, the market is segmented into embedded Wi-Fi module and router scheme based Wi-Fi module. Router scheme based Wi-Fi modules are highly used in residential applications, industrial applications and so on, hence hold highest share of 67.2% in 2020. However, with the growing demand for the IoT devices especially those based on radio frequency technology, embedded Wi-Fi modules based on the latest wireless network protocol (Wi-Fi 6) are analysed to grow at highest rate during the forecast period 2021-2026.
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Wi-Fi Module Market Industry Outlook • • • • • •
Murata Manufacturing Co., Ltd. Azure Wave Technologies Advantech Ltd. Broadlink Microchip Technology. Silex Technolog
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Wi-Fi Module Market - Forecast(2021 - 2026) Learn More About the Report
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