Wireless Module Market Report 2025

This Wireless Module Market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The wireless module market size has grown rapidly in recent years. It will grow from $7.02 billion in 2024 to $8.0 billion in 2025 at a compound annual growth rate (CAGR) of 13.9%. The growth during the historic period can be attributed to several factors, including the rise of mobile communication, the expansion of the Internet of Things (IoT), the increasing demand for smart home devices, the growth of cellular networks, the rise in industrial automation, and the growing need for remote monitoring and control in sectors such as healthcare and agriculture.

The wireless module market size is expected to see rapid growth in the next few years. It will grow to $13.28 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. The growth during the forecast period can be attributed to factors such as the rising demand for IoT devices, the expansion of smart cities, increased adoption of automation in industries, the growth of connected healthcare solutions, the proliferation of connected vehicles, and the growing need for real-time data analytics and remote monitoring. Key trends during this period include improvements in data transfer speeds with the integration of 5G, advancements in power efficiency for IoT devices, the adoption of compact designs, the development of long-range communication technologies such as LoRa and Zigbee, the integration of AI for intelligent data processing, and innovations in multi-band systems.

The rise in the adoption of Internet of Things (IoT) devices is expected to drive the growth of the wireless module market. IoT devices are smart objects equipped with sensors and software that communicate through the internet, enabling data sharing and automation across various sectors, including homes, industries, and healthcare. The increased adoption of IoT devices is largely driven by the growing demand for connectivity, automation, and data-driven decision-making in many industries. Wireless modules play a crucial role in IoT devices by enabling seamless communication and data exchange between smart devices, ensuring efficient and automated operations. For example, in November 2022, Ericsson, a Sweden-based network and telecommunications company, predicted that the number of IoT-connected devices would rise to 34.7 billion by 2028, up from 13.2 billion in 2022. As a result, the increase in IoT device adoption is driving the growth of the wireless module market.

Companies in the wireless module market are focusing on innovative technologies to improve compatibility and connectivity for a variety of IoT applications. One such innovation is the integration of multi-band support, which allows devices to operate on multiple frequency ranges, ensuring seamless connectivity across various networks. For instance, in November 2024, SIMCom, a China-based wireless service provider, launched the SIM8230, a RedCap (reduced capability) wireless communication module. This module includes NTN (Non-Terrestrial Network) connectivity, which can extend IoT networks to remote or underserved areas by utilizing satellite and aerial networks. The combination of 5G and NTN connectivity is expected to offer robust global coverage, lower latency, and enhanced reliability for mission-critical IoT applications, including smart cities and industrial automation.

In January 2023, Semtech Corporation, a US-based technology company, acquired Sierra Wireless for $1.2 billion. This acquisition allows Semtech to expand its portfolio by integrating wireless connectivity solutions, further solidifying its position in the IoT and communication markets. Sierra Wireless, a Canada-based communications equipment company, specializes in wireless communication modules and IoT solutions, and the acquisition is expected to enhance Semtech's IoT capabilities and market reach.

Major players in the wireless module market are Huawei Technologies Co. Ltd., Xiaomi Corporation, CODICO GmbH, ZTE Corporation, Murata Manufacturing Co. Ltd., Microchip Technology Inc., Taiyo Yuden Co. Ltd., Quectel Wireless Solutions Co. Ltd., Advantech Co. Ltd., u-blox AG, Silicon Laboratories Inc., Digi International Inc., Telit Communications plc, AzureWave Technologies Inc., Shenzhen Longsys Electronics Co. Ltd., Laird Technologies Inc., Silex Technology Inc., Particle Industries Inc., Adafruit Industries LLC, Sierra Wireless Inc., Option N.V., Mipot S.p.A., Shanghai MXCHIP Information Technology Co. Ltd.

Asia-Pacific was the largest region in the wireless module market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in wireless module report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wireless module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A wireless module is a small device that facilitates communication between electronic systems via wireless signals, usually through RF transceivers. These modules are commonly used in applications such as IoT devices, remote sensing, home automation, and wireless communication across various industries.

The main types of wireless modules include routers, Wi-Fi modules, and embedded Wi-Fi modules. A router is a device that connects different networks and enables data transmission between them. It serves as a gateway, allowing devices to access the internet by routing data packets to their appropriate destinations. Wireless modules use various technologies such as Low-Power Wide-Area Network (LPWAN), 5G, 4G, or Long-Term Evolution (LTE), among others. These modules have diverse applications, including remote control, public safety, wireless payments, transportation, smart meter readings, and more, catering to different end users such as residential, industrial, commercial, and consumer electronics.

The wireless module market research report is one of a series of new reports that provides wireless module market statistics, including the wireless module industry's global market size, regional shares, competitors with a wireless module market share, detailed wireless module market segments, market trends and opportunities, and any further data you may need to thrive in the wireless module industry. This wireless module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The wireless module market includes revenues earned by entities by providing services such as wireless communication integration, wireless performance testing, and custom module design. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The wireless module market consists of sales of bluetooth modules, NFC (near field communication) modules, RF modules, and cellular modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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