A Wi-Fi module is a functional unit which connects various types of electronics devices to the internet, such as laptops, smartphones, tablets and smart appliances which involves air-conditioners, washing machines, smart televisions, refrigerators and many others. Moreover, the Wi-Fi modules are used in numerous industry verticals especially industrial, healthcare, commercial, consumer and other sectors.
MARKET SCOPE
The "Global Wi-Fi Module Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the Wi-Fi module market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading Wi-Fi module market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Wi-Fi module market is bifurcated into router scheme Wi-Fi Module and embedded Wi-Fi module.
- On the basis of application, the market is segmented into medical and industrial testing instrument, handheld mobile device, router, and smart grid and smart appliance.
MARKET DYNAMICS
Drivers:
- The Wi-Fi module market is anticipated to grow owing to driving factors such as the introduction of IoT and automation process, increase in adoption of cloud computing and rise in number of smart home developments.
- The roll out of 5G technology is expected to create significant opportunities for the Wi-Fi module market growth.
Restraints
- Security issues associated with IoT may hamper the growth of the Wi-Fi module market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Wi-Fi module market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Wi-Fi module market in these regions.
IMPACT OF COVID-19 ON WI-FI MODULE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Wi-Fi module market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Wi-Fi module market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Wi-Fi module market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Advantech Co. Ltd.
- Azure Wave Technologies Inc.
- Broadlink
- Laird PLC
- Microchip Technology Inc.
- Murata Manufacturing Co. Ltd.
- Shanghai MXCHIP Information Technology Co. Ltd.
- Silex Technology Inc.
- Silicon Laboratories Inc.
- Taiyo Yuden Co. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.