WIRELESS CONNECTED DEVICES MARKET ANALYSIS

Wireless connected devices are physical devices, which are connected to each other and other systems through internet. Wireless connected device includes traditional computing hardware such as computers, laptops, mobile devices such as smartphone, and tablets. Moreover, a growing list of wireless connected devices also includes household appliances, heating, and cooling systems, health and fitness monitoring devices. These wireless connected devices are monitored and controlled remotely. They are connected via the internet, with each other, and follow protocols such as Wi-Fi, NFC (Near-field Communication), 3G, and 4G networks.

Rising adoption of smart devices and development of 5G network, are expected to propel the market growth during the forecast period.

Smart devices are majorly getting adopted across the globe, owing to their advantages such as portability, convenience, and easy connectivity. Smart home devices such as Amazon Echo, Google Home are able to communicate and perform various tasks such as controlling internal security systems, household lighting systems, managing household smart devices, which is expected to boost the adoption of wirelessly connected devices over the forecast period. For instance, according to Coherent Market Insights’ analysis, in the year 2020, approximately 300 million smart speakers were in use globally, and it is expected that this number will be doubled by the year 2024.

In addition, Xiaomi, Samsung, Apple are some of the prominent players in the wireless connected devices market, and these market players are engaged in launching of advanced wireless devices for increasing the market share. For instance, in February 2021, Xiaomi, a multinational electronics product manufacturing company, launched Mi Neckband Bluetooth Earphones Pro and Mi Portable Bluetooth Speaker in India. The wireless neckband earphones are equipped with active noise cancellation technology. 

Global Wireless Connected Devices Market Taxonomy

On the basis of Technology, the global wireless connected devices market is segmented into:

• Bluetooth
• Wi-Fi
• Zigbee
• RFID
• Others

On the basis of Devices, the global wireless connected devices market is segmented into:

• Computing/ Communication Devices
• Entertainment Devices
• Wearable Devices
• Others

On the basis of Region, the global wireless connected devices market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Major players operating in the global wireless connected devices market include Apple Inc., Google, HP Development Company, L.P, Huawei Technologies Co., Ltd, Lenovo, LG Electronics, Microsoft, Samsung Corporation, Xiaomi, Verizon, and ZTE Corporation.