The Global Wi-Fi Module Market size is expected to reach $52.5 billion by 2024, rising at a market growth of 10.4% CAGR during the forecast period

LONDON, June 27, 2018 /PRNewswire/ -- The Global Wi-Fi Module Market size is expected to reach $52.5 billion by 2024, rising at a market growth of 10.4% CAGR during the forecast period.

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A Wi-Fi module is an independent system on a chip (SoC), integrated using TCP/IP stack, which provide access to the Wi-Fi networks. Wi-Fi modules are mainly used to connect many electronic devices such as smartphones, tablets, laptops, and other smart appliances to the internet. Smart devices also include household electronic devices such as washing machine, air-conditioner, water heater, smart television, refrigerator, and others. Adoption of cloud computing and rapid growth in telecommunication, residential, and commercial sectors are contributing to the growth of the market. However, privacy and security issues would limit the market growth significantly.

Based on Type, the market is segmented into Router Scheme and Embedded. Based on Application, the market is segmented into Smart Grid & Smart Appliance, Handheld Mobile Device, Medical & Industrial Testing Instrument, and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the Global Wi-Fi Module Market. Key companies profiled in the report include Murata Manufacturing Co., Ltd., Microchip Technology Incorporated, Taiyo Yuden Co., Ltd., AzureWave Technologies, Inc., Silicon Laboratories, Inc., Laird PLC,, BroadLink, Advantech Co., Ltd. (Advantech B+B SmartWorx Inc.), Shanghai MXCHIP Information Technology Co., Ltd. and Silex Technology, Inc.

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