Wireless Module Market Outlook - 2026
Wireless module is a SOC, that is, system on chip with integrated TCP/IP protocol stack that can give any microcontroller access to your Wi-Fi network. Wi-Fi module enables to connect various electronic devices such as smartphones, tablets, laptops, and smart home appliances that include air-conditioner, water heater, television, washing machine, and others, to the internet. The Wi-Fi module is used across various industry verticals such as scientific, industrial, commercial, and consumer applications.
The wireless module market is expected to witness growth in the forecast year due to increase in demand for wireless connectivity technologies. Rise in advancements in wireless modules in the various industry verticals is one of the factors that fuels the wireless module market growth. Hence, the manufacturers are making wireless and reliable solutions that can easily be accessible to the customers by adding value through software and hardware and satisfy connectivity needs. Low-power wireless modules are new development in the wireless modules market and increasing popularity and growth of these modules is expected to boost the market growth. Some of the important components that enhance automotive wireless modules are radio, nonvolatile memory, microcontroller, and antenna. Vendors are focusing on providing customized solutions as per consumer requirements using cloud solutions. Cloud-based LTE connectivity for the automotive and other sectors provide growth opportunities for the market.
Factors such as increase in demand for the adoption of smart electronic devices that support wireless module, rise in adoption of cloud computing, and low installation cost are the major key drivers for the growth of the wireless module market. However, increase in issues related to privacy and security due to connection with various other networks and rise in external hindrances restrain the market growth. Furthermore, emergence of 5G technology and development of wireless modules in automotive provide lucrative opportunities for the growth of the wireless module market.
The wireless module market is segmented into four categories by type, application, end use, and region. Based on type, the market is classified into Router Scheme, Wi-Fi module, and embedded Wi-Fi module. Based on application, the market is categorized into smart grid & smart appliance, handheld mobile device, medical & industrial testing instrument, and router. Based on end use, the market is segmented into residential, industrial, commercial, and consumer electronics. Based on region, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
Key players operating in the wireless module industry include Murata Manufacturing Co., Ltd., Azurewave Technologies, Inc., Taiyo Yuden Co., Ltd., Silicon Laboratories Inc., Laird plc, Advantech Co., Ltd., Broadlink, Silex Technology, Inc., Microchip Technology Inc., and Shanghai Mxchip Information Technology Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the global wireless module market share along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed to highlight the financial competency of the wireless module industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Wireless Module Market Report Highlights
Key Market Players
Sierra Wireless, Texas Instruments Incorporated, Silex Technology, Inc., Microchip Technology Inc., AzureWave Technologies, Taiyo Yuden Co., Ltd., Laird Connectivity, Silicon Laboratories, Advantech Co., Ltd., Murata Manufacturing Co., Ltd.