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Low Power Wi-Fi Conversion Market

Segmentation by Type {Cellular (NB IoT, and LTE M / CAT M1), and Non-Cellular (LoRa, SigFox, and Weightless)}; by Range (Less Than 2km, 2-10 km, and More Than 10 km) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3215 | Published On: Jan 31, 2023
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Global Low Power Wi-Fi Conversion Market Regional Synopsis

On the basis of geographical analysis, the global low power Wi-Fi conversion market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing prominence of small & medium sized enterprises, and growing penetration of internet and smart devices. For instance, as of 2020, there are more than 69 million small & medium sized organizations operating in the Southeast Asia, accounting for about 98% of the total businesses in the region. Apart from these, improvement in mobile and broadband infrastructure is also evaluated to boost market growth in the region. Moreover, the market in North America is predicted to occupy the largest market share during the forecast period, which can be ascribed to the growing number of digitization initiatives undertaken by the government and strong presence of major market players in the region.

The global low power Wi-Fi conversion market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Low Power Wi-Fi Conversion Market
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Major Macro-Economic Indicators Impacting the Market Growth
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Development ExpenditureThe never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.


Market Segmentation

Our in-depth analysis of the global low power Wi-Fi conversion market includes the following segments:

By Type

  • Cellular
    • NB IoT
    • LTE M / CAT M1
  • Non-Cellular
    • LoRa
    • SigFox
    • Weightless

By Range

  • Less Than 2km
  • 2-10 km
  • More Than 10 km

Growth Drivers

  • Growing Use of IoT Applications Worldwide
  • Technological Advancements in ICT Sector

Challenges

  • Technical Glitches Associated with Low Power Wi-Fi Conversion


Development Expenditure
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Top Featured Companies Dominating the Market

    • Shenzhen RAKwireless Technology Co.,Ltd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Astrocast SA
    • Actility Energy SAS
    • Senet, Inc.
    • ACKLIO
    • Stackforce GmbH
    • Kiwi Technology Inc.
    • Zifisense Info Tech Co. Ltd
    • Orbiwise SA
    • Moeco IoT, Inc.

In The News

  • September 2020: Senet secured a deal worth USD 16 million to drive widespread adoption of low power wide area networks and solutions in the United States. The funds will also be used for the expansion of global business developments and co-marketing activities with network operators.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the low power Wi-Fi conversion market?

Ans: The major growth drivers for the market are the growing use of IoT applications worldwide and technological advancements in ICT sector.

2) What would be the CAGR of low power Wi-Fi conversion market over the forecast period?

Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the low power Wi-Fi conversion market growth?

Ans: Technical glitches associated with low power Wi-Fi conversion is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of low power Wi-Fi conversion market in future?

Ans: Asia Pacific region will provide more business opportunities to the market on the back of increasing prominence of small & medium sized enterprises, and growing penetration of internet in the region.

5) Who are the major players dominating the low power Wi-Fi conversion market?

Ans: The major players in the market are Shenzhen RAKwireless Technology Co.,Ltd, Astrocast SA, Actility Energy SAS, Senet, Inc., ACKLIO, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the low power Wi-Fi conversion market?

Ans: The market is segmented by type, range, and by region.

8) Which segment captures the largest market size in the type segment in the low power Wi-Fi conversion market?

Ans: The cellular segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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