According to a new report published by Allied Market Research, titled, “Wireless Infrastructure Market,” The wireless infrastructure market was valued at $152.3 billion in 2021, and is estimated to reach $386.5 billion by 2031, growing at a CAGR of 10% from 2022 to 2031.
Download Free Sample Report – https://www.alliedmarketresearch.com/request-sample/32332
The wireless infrastructure industry holds great potential in the near future to change the scenario of global dominance and cross-border conflicts. Though improving wireless infrastructure countries and improving the communication networks in various sectors including defense, homeland security, and others. Nations are rapidly changing the policies regarding the deployment of wireless infrastructure systems for growing the growth of their countries. Such establishments will give notable growth to the wireless infrastructure market.
Drivers, Restraints, and Opportunities
Rise in investments by market players to deploy high-speed networks, the growing internet penetration globally, the increased use of satellite data in the development of smart cities and connected vehicles, and rise in the demand for connected cars fuel the growth of the global wireless infrastructure market. However, high updating cost and lack of wireless infrastructure in developing and underdeveloped countries are likely to hinder the global market growth. On the other hand, consumers’ inclination toward wireless connectivity and expansion of wireless communication networks in various applications will present new growth opportunities for the global wireless infrastructure market in the coming years.
Asia-Pacific dominates the market in terms of growth, followed by Europe, LAMEA, and North America. China dominated the global wireless infrastructure market share in 2021, whereas China is expected to witness growth at a significant rate in the market during the forecast period. Rise in development of intelligent transportation systems and connected mobility in countries such as China and Japan are key drivers for development of the wireless infrastructure market in the region.
For instance, in September 2019, member companies of 5G Automobile Association (5GAA), SAIC Motor, China Mobile, Huawei, and Shanghai International Automobile City announced world’s first 5G smart transportation demonstration project from 2020. The four companies are expected to cooperate in 5G internet communication, smart driving, smart mobility, infrastructure support, and 5G-based smart driving and smart mobility service pilot projects. Furthermore, the market growth in Asia-Pacific is expected to be driven by growing number of connected in vehicle devices and development of communications and information technology infrastructure.
In addition, the global wireless infrastructure market is highly regulated by investment offered by government bodies, research organizations, corporate conglomerates, and market players. The Intel Foundry Services (IFS) Accelerator Design Services Alliance, Capgemini, together with IFS and other IFS Accelerator ecosystem partners, strive to provide IFS customers with the full range of cutting-edge chip design, manufacturing, and semiconductor ecosystem services. The initiative will help strengthen next-generation manufacturing capacity in Europe to better support regional companies and increase the resilience of European semiconductor supply chains in line with the strategic goals of the European Chip Law.
Interested to Procure the Research Report? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/32332
Covid-19 Scenario
- The outbreak of the Covid-19 pandemic impacted the global wireless infrastructure market negatively. The strict restrictions and lockdowns imposed by governments worldwide brought several challenges for the industry such as lowered production, non-availability of raw materials, logistics challenges, and others.
- As the pandemic progressed, governments and public & private organizations started implementing innovative technologies to tackle the pandemic.
By platform, it is segregated into government, defense, and commercial.The companies in every country are adopting technologies and automated systems which require the wireless communication networks. In addition, increasing trends of BYOD (bring your own device) and WYOD (wear your own device) also increases the demand for high bandwidth internet connection which support the market growth during the forecast period. Furthermore, the Indian telecom sector has contributed significantly to the country’s overall growth India is amongst the largest telecommunications market in the world with over 1 billion subscribers (as on March 16) and ~80% mobile penetration. While India represents approximately 13% of global telephony subscriptions, they account for approx. 2.7% of global revenues.
By type, the market is categorized into satellite, 2G & 3G, 4G, and 5G. The 5G segment garnered the highest market share in 2021 and is projected to lead the market within the forecast timeframe. The 5G network assists industrial facilities in increasing overall productivity and operational efficiency. As a result, the increasing demand for high bandwidth capacity in order to establish unified connectivity to millions of Industrial IoT (IIoT) devices is expected to drive market growth through 2030. With the advent of 5G technology, the transportation and logistics industries are undergoing significant change in order to create an autonomous ecosystem. The deployment of a 5G network will aid in the delivery of consistent data speeds for various transportation applications such as ships and ports, Vehicle-to-Everything (V2X), and drone connectivity.
The key market players in the wireless infrastructure market are Capgemini Engineering, Ciena Corporation, Cisco Systems, Inc., D-Link Corporation, Fujitsu, Huawei Technologies co., Ltd., NEC Corporation, NXP Semiconductor, Qualcomm Technologies Inc., ZTE Corporation, and others.
Procure Research Report at: https://www.alliedmarketresearch.com/wireless-infrastructure-market/purchase-options
KEY FINDINGS OF THE STUDY
- By type, the 5G segment leads the market during the forecast period.
- By platform, the commercial segment leads the market during the forecast period.
- By infrastructure, the mobile core segment is expected to grow at a lucrative growth rate during the forecast period (2022-2031).
- Asia Pacific is anticipated to exhibit the highest CAGR during the forecast period.