Wireless Module Market to Reach $ 13.47 Billion by 2031, Fueled by IoT and Smart City Growth | Valuates Reports - Seite 3

Wireless modules are increasingly utilized in automotive applications, including vehicle tracking, telematics, in-car entertainment, and advanced driver-assistance systems (ADAS). These modules enable vehicles to communicate with external networks and infrastructure, facilitating enhanced navigation, traffic updates, and emergency alerts. As the automotive industry shifts toward connected and electric vehicles, the requirement for secure and high-speed wireless connectivity grows. Government regulations mandating vehicle tracking systems and integration of intelligent transportation systems are also amplifying the demand for wireless modules. The growing ecosystem of Vehicle-to-Everything (V2X) technology is another contributing factor, positioning wireless modules as an indispensable component in next-generation automotive architecture.

Healthcare has emerged as a vital application segment for wireless modules, especially in the era of remote diagnostics and patient monitoring. Wearable health devices, connected inhalers, insulin pumps, and cardiac monitors use wireless modules to transmit patient data in real-time to healthcare providers. This data exchange facilitates continuous health monitoring, early diagnosis, and reduced hospital visits. The COVID-19 pandemic accelerated the adoption of remote healthcare technologies, further boosting the demand for wireless modules. Moreover, wireless modules help maintain data security and integrity, which is essential in handling sensitive medical information, thereby making them increasingly valuable in modern healthcare infrastructures.

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WIRELESS MODULE MARKET SHARE ANALYSIS

Regionally, Asia-Pacific dominates the wireless module market owing to high industrial growth, rapid urbanization, and the rise in smart infrastructure projects, especially in China, Japan, and South Korea.

North America follows, with significant demand from the automotive, healthcare, and consumer electronics sectors. Europe is driven by regulatory mandates and industrial automation.

The world top 5 players in the wireless module market are Sierra Wireless, Gemalto (Thales Group), Quectel, Telit and Huawei. These top companies currently account for more than 66% of the total market share and are expected to retain their dominating hold over the market during the forecast period.