Wi-Fi Module Market

Wi-Fi Module Market - An Overview

The global Wi-Fi module market is expected to witness strong growth during the forecast period between 2021 and 2031.

Wi-Fi modules are self-contained systems comprising of a chip and application host processor that are integrated with transmission control and internet protocol stack that offer microcontrollers to offer access to wireless network connectivity.

Wi-Fi modules have assisted in connecting different electronic devices such as laptops, tablets, as well as smart home products such as water heaters, air conditioners, television sets, washing machines, and thermostats to the internet.

The module generally also comes with inputs and outputs for timers, serial communication interfaces, analog comparators, analog-to-digital converter (ADC), digital-to-analog converter (DAC), crystal oscillators, and a debug interface.

Wi-Fi Module Market - Trends and Opportunities

Rising demand from different end-use industries such as scientific and consumer applications is the key growth driver of global Wi-Fi module market.

Also, growing adoption of cloud computing is expected to fuel the Wi-Fi modules demand and trigger the growth in overall market, in the coming years.

In addition to this, rising infrastructure development in the communication industry such as 5G connectivity is expected to drive the growth in Wi-Fi module market, in years to come.

IoT market surveys indicate that the advanced technology will emerge as fastest growing one, among all advanced technologies. IoT integration in Wi-Fi modules could fuel product demand and help create revenue-generating opportunities for prominent players, in the years ahead.

Other factors such as rapid industrialization as well as rising development of smart cities are also anticipated to stimulate the growth in Wi-Fi module market, in future.

Smart appliance application segment is expected to emerge as largest revenue contributor to overall market in future because of increasing demand for products such as smart television and refrigerators in prominent countries worldwide.

Wi-Fi Module Market - Competitive Landscape

The global Wi-Fi module market is competitive, with the presence of numerous well-established players. Many of these players are expected to hold a large share in overall market, in the coming years.

Research and development activities could be key, revenue-generating growth strategy for leading players, in future.

New Wi-Fi modules launch could help prominent market players in gaining an edge over other market players. Also, surge in demand for new Wi-Fi modules could help generate substantial revenue for leading players.

Fibocom, in June 2020, launched a new Wi-Fi module that has proven beneficial in delivering improved Internet of Things wireless solutions with the help of 5G network connectivity.

Furthermore, in a bid to expand their presence in overall market and improve their revenue shares, well-established Wi-Fi module market players could sign collaborative agreements.

Few leading players in global Wi-Fi module market include Broadlink, Azure Wave Technologies, LairdTech, Microchip Technology, and Silicon Laboratories.

Wi-Fi Module Market - Regional Assessment

The global Wi-Fi module market is classified into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

Asia Pacific is expected to emerge as maximum revenue-generating region in global Wi-Fi module market in the coming years. Rising data traffic and growing trend of digitization in countries such as India and China are expected to be key factors that could fuel market growth in the region.

Europe is anticipated to witness significant growth in global Wi-Fi module market in future owing to increased adoption of wireless network connectivity in countries such as the U.K. and Germany.

North America is projected to witness strong growth in global market because of increasing high capital spending and early adoption of technological advancements in countries such as the U.S and Canada.

Other regions of the world such as Latin America and Middle East and Africa are anticipated to witness moderate growth in overall Wi-Fi module market, in the coming years.