Wi-Fi Module Market - Forecast(2022 - 2027)

Report Code: ESR 67315 Report Format: PDF + Excel

Wi-Fi Module Market Overview

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. Rising adoption of Wi-Fi as a base technology for various other wireless network protocols such as radio frequency technology will also drive the market significantly

Wi-Fi Module Market Report Coverage

The report: “Wi-Fi Module Industry Outlook – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Wi-Fi Module market.

By Type: Embedded Wi-Fi Module, Router Scheme based Wi-Fi Module
By Application: Smart Grid, Smart appliance, Handheld mobile devices, Medical, industrial, Automotive, Aerospace and Defense, Enterprise and others
By Geography:  North America (U.S, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia and Others), South America (Brazil, Argentina, Chile, Colombia and Others) RoW (Middle East and Africa)

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.

Global Wi-Fi Module Market, By Region, 2020

 

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Wi-Fi Module Market Segment Analysis - By Type

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. The growing smart city projects are majorly contributing to the implementation of the IoT devices thereby leading to the market growth rate. Government in various APAC countries such as India, Japan and Korea are significantly investing in the smart city projects thereby contributing to the market growth rate.

Wi-Fi Module Market Segment Analysis - By Application

Smart appliance is analysed to grow at highest rate of 10.5% during the forecast period 2021-2026. With the rising growth of the Smart TV, refrigerators, and other devices, the Wi-Fi module market size is analysed to grow as the Wireless network interface control modules are integrated into these devices. Handheld mobile devices such as digital cameras, radios and so on also have significant demand, hence hold a significant share in the market. With the significant implementation of IIoT devices in industrial, medical sector and so on is also majorly contributing to the market growth rate.

Wi-Fi Module Market Segment Analysis – By Geography

APAC is analysed to be the dominant region in 2020 with a share of 34.2% owing to the increasing data traffic from the economies such as China and India. The shifting trend towards the digitalization in India involving the projects such as Digital India, Smart cities and others is set to significantly contribute to the growth of the market. All these require the connected solutions thereby boosting the demand for the Wi-Fi Modules. However, increase in privacy and security issues especially in Europe affect the growth of the Wi-Fi module industry. These factors are anticipated to either drive or hamper the market growth. The rising adoption of the latest Wireless network protocol (Wi-Fi 6) in enterprise and residential markets will be a major driver.

Wi-Fi Module Market Drivers

Increasing cloud computing 

The increasing data traffic at a global level, with the growing demand from the end user majorly from communication sector is set to escalate the market growth rate. The significant adoption of cloud based technologies requires the WI-FI Modules for data transfer and storage hereby contributing to the market growth rate. In April 2020, Alibaba Cloud, has announced to invest a $28.2 billion in cloud infrastructure and the construction of data centers over the next three years as it prepares to help digital transformation efforts in a post-pandemic world.

Adoption of Wireless Networks during Covid-19

Although the COVID-19 pandemic has certainly not triggered Industry 5.0, it has brought home the reality of Industry 4.0. digital workflows, wireless communication and automation whose penetration has risen significantly. Also, with the need for social distancing, people are communicating more, which will drive additional data traffic, whether it’s on legacy systems or new wireless network protocols such as 5G or Wi-Fi. The strain on voice services, though, will be helped to some extent by the convergence of WhatsApp, Messenger, Skype, Hangouts, and FaceTime calling within the iOS and Android ecosystems. The rising adoption of Wi-Fi in enterprise and industrial sectors especially in conjunction with radio frequency technology. This will drive the Wi-Fi module industry.

Wi-Fi Module Market Challenges

Security Issues

With the significant growth in the advanced technologies such as IoT devices and smart devices. The Wi-Fi devices, especially wireless network interface controls, are vulnerable to hijacks, cyber-attacks and other threats thereby hindering the market growth rate. In 2019, Forbes stated that the Cyberattacks on the IOT devices surged 300%. These factors are significantly hampering the market growth rate during the forecast period 2021-2026.

Wi-Fi Module Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Wi-Fi Module market. Wi-Fi Module driver market is expected to be dominated by major companies such as Murata Manufacturing Co., Ltd., Azure Wave Technologies, Advantech Ltd., Broadlink, Microchip Technology., Silex Technolog., among others.

Acquisitions/Technology Launches/Partnerships

  • In February 2020, u?blox announced the launch of its first Wi-Fi 6 module series majorly for the automotive infotainment applications.
  • In June 2020, Fibocom announced the launch of its Wi-Fi 6 Module to deliver enhanced IoT wireless solutions with 5G.

Related Reports:

Wi-Fi Chipsets Market:

Report Code: ESR 46291

Wi-Fi 6 Devices Market:

Report Code: ESR 0679

For more Electronics Market reports, please click here

1. Wi-Fi Module Market Overview
    1.1 Definitions and Scope
2. Wi-Fi Module Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Type
    2.3 Key trends By Application
    2.4 Key trends segmented by Geography
3. Wi-Fi Module Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Wi-Fi Module Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Wi-Fi Module Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Wi-Fi Module Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Wi-Fi Module Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Wi-Fi Module Market – By Type (Market Size -$Million/Billion)
    8.1 Embedded Wi-Fi Module
    8.2 Router Scheme Based Wi-Fi Module
9. Wi-Fi Module Market – By Application (Market Size -$Million/Billion)
    9.1 Smart Grid
    9.2 Smart appliance
    9.3 Handheld mobile devices
    9.4 Medical
    9.5 Industrial
    9.6 Automotive
    9.7 Aerospace and Defense
    9.8 Enterprise
    9.9 Others
10. Wi-Fi Module Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Chile
        10.2.4 Colombia
        10.2.5 Others
    10.3 Europe
        10.3.1 Germany
        10.3.2 France
        10.3.3 UK
        10.3.4 Italy
        10.3.5 Spain
        10.3.6 Russia
        10.3.7 Netherlands
        10.3.8 Others
    10.4 APAC
        10.4.1 China
        10.4.2 Japan
        10.4.3 South Korea
        10.4.4 India
        10.4.5 Australia
        10.4.6 Indonesia
        10.4.7 Malaysia
        10.4.8 Others
    10.5 RoW
        10.5.1 Middle East
        10.5.2 Africa
11. Wi-Fi Module Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Wi-Fi Module Market – Industry Competitive Landscape (Premium)
    12.1 Market Share – Global
    12.2 Market Share by Region
    12.3 Market Share By Application
    2.4 Market Share By Type
13. Wi-Fi Module Market – Key Company List by Country Premium (Premium)
14. Wi-Fi Module Market - Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10

LIST OF TABLES

1.Global Wi-Fi Module Market, By Type Market 2019-2024 ($M)
1.1 Embedded Wi-Fi Module Market 2019-2024 ($M) - Global Industry Research
1.1.1 And Opportunity Market 2019-2024 ($M)
1.2 Router Scheme Based Wi-Fi Module Market 2019-2024 ($M) - Global Industry Research
2.Global Wi-Fi Module Market, By Type Market 2019-2024 (Volume/Units)
2.1 Embedded Wi-Fi Module Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 And Opportunity Market 2019-2024 (Volume/Units)
2.2 Router Scheme Based Wi-Fi Module Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Wi-Fi Module Market, By Type Market 2019-2024 ($M)
3.1 Embedded Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
3.1.1 And Opportunity Market 2019-2024 ($M)
3.2 Router Scheme Based Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
4.South America Wi-Fi Module Market, By Type Market 2019-2024 ($M)
4.1 Embedded Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
4.1.1 And Opportunity Market 2019-2024 ($M)
4.2 Router Scheme Based Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
5.Europe Wi-Fi Module Market, By Type Market 2019-2024 ($M)
5.1 Embedded Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
5.1.1 And Opportunity Market 2019-2024 ($M)
5.2 Router Scheme Based Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
6.APAC Wi-Fi Module Market, By Type Market 2019-2024 ($M)
6.1 Embedded Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
6.1.1 And Opportunity Market 2019-2024 ($M)
6.2 Router Scheme Based Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
7.MENA Wi-Fi Module Market, By Type Market 2019-2024 ($M)
7.1 Embedded Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research
7.1.1 And Opportunity Market 2019-2024 ($M)
7.2 Router Scheme Based Wi-Fi Module Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Wi-Fi Module Market Revenue, 2019-2024 ($M)
2.Canada Wi-Fi Module Market Revenue, 2019-2024 ($M)
3.Mexico Wi-Fi Module Market Revenue, 2019-2024 ($M)
4.Brazil Wi-Fi Module Market Revenue, 2019-2024 ($M)
5.Argentina Wi-Fi Module Market Revenue, 2019-2024 ($M)
6.Peru Wi-Fi Module Market Revenue, 2019-2024 ($M)
7.Colombia Wi-Fi Module Market Revenue, 2019-2024 ($M)
8.Chile Wi-Fi Module Market Revenue, 2019-2024 ($M)
9.Rest of South America Wi-Fi Module Market Revenue, 2019-2024 ($M)
10.UK Wi-Fi Module Market Revenue, 2019-2024 ($M)
11.Germany Wi-Fi Module Market Revenue, 2019-2024 ($M)
12.France Wi-Fi Module Market Revenue, 2019-2024 ($M)
13.Italy Wi-Fi Module Market Revenue, 2019-2024 ($M)
14.Spain Wi-Fi Module Market Revenue, 2019-2024 ($M)
15.Rest of Europe Wi-Fi Module Market Revenue, 2019-2024 ($M)
16.China Wi-Fi Module Market Revenue, 2019-2024 ($M)
17.India Wi-Fi Module Market Revenue, 2019-2024 ($M)
18.Japan Wi-Fi Module Market Revenue, 2019-2024 ($M)
19.South Korea Wi-Fi Module Market Revenue, 2019-2024 ($M)
20.South Africa Wi-Fi Module Market Revenue, 2019-2024 ($M)
21.North America Wi-Fi Module By Application
22.South America Wi-Fi Module By Application
23.Europe Wi-Fi Module By Application
24.APAC Wi-Fi Module By Application
25.MENA Wi-Fi Module By Application
26.Murata Manufacturing Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Taiyo Yuden Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Azurewave Technologies, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Silicon Laboratory Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Laird Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Broadlink, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Advantech Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Shanghai Mxchip Information Technology Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Silex Technology, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Microchip Technology Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)