Wireless Connectivity Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to wireless connectivity market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Wireless Connectivity Market News

in Wireless Connectivity
  • In January 2025, Ericsson unveiled a collaboration with the European Commission to improve 5G connectivity in the countryside of Europe. The initiative, supported by USD 569.20 million funding, will enhance network performance and digital penetration by installing high capacity 5G network infrastructure in underpenetrated markets.
  • Qualcomm introduced the Snapdragon X75 5G modem in December 2024, which will be able to provide faster and more efficient 5G connectivity. The new modem should enhance wireless connectivity speed and improve power efficiency, further supporting increasing demand for IoT and mobile use cases globally.
  • In September 2023, Huawei launched its 5G-enabled smart city solution in Indonesia. The project is one of the government's "Smart Cities" initiatives and is designed to heighten urban management, traffic management, and public safety. The rollout is backed by a USD 200 million government-supported investment into strengthening the connectivity and digital services in big cities.
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Global Wireless Connectivity Market size was valued at USD 91.58 Billion in 2023 and is poised to grow from USD 104.30 Billion in 2024 to USD 295.46 Billion by 2032, growing at a CAGR of 13.9% in the forecast period (2025-2032).

The global wireless connectivity market's competitive landscape is led by key players such as Ericsson, Qualcomm, and Huawei. Governments across the globe are increasingly issuing spectrum licenses and investments to spur 5G and IoT installations. The National Telecommunications and Information Administration (NTIA) in the U.S. has brought forth new programs, and EU nations are focusing on 5G infrastructure through the European 5G Observatory, promoting strategic development and innovation throughout the industry. 'Qualcomm Incorporated (US)', 'Intel Corporation (US)', 'Texas Instruments Incorporated (US)', 'Broadcom Inc. (US)', 'NXP Semiconductors N.V. (Netherlands)', 'MediaTek Inc. (Taiwan)', 'STMicroelectronics N.V. (Switzerland)', 'Renesas Electronics Corporation (Japan)', 'Microchip Technology Inc. (US)', 'Infineon Technologies AG (Germany)', 'Skyworks Solutions, Inc. (US)', 'Nordic Semiconductor (Norway)', 'Semtech Corporation (US)', 'Murata Manufacturing Co., Ltd. (Japan)', 'Panasonic Corporation (Japan)', 'Expressif Systems (China)', 'CEVA, Inc. (US)', 'EnOcean (Germany)', 'Peraso Technologies, Inc. (Canada)', 'BehrTech (Canada)'

The installation of 5G networks worldwide is a foremost driver of the wireless connectivity market, with governments such as the U.S. committing more than USD 10 billion through the FCC for spectrum auctions. Top telecom operators such as Verizon and China Mobile have ramped up 5G deployments, developing global infrastructure and providing faster, more dependable connections.

Government-Driven Smart Cities Initiatives: Governments across the globe are spending heavily on smart city initiatives, which is fueling the demand for enhanced wireless connectivity. In 2024, the U.S. Department of Transportation invested USD 2.5 billion in urban infrastructure development to enable the integration of IoT and 5G technologies for improved city management, energy efficiency, and public services.

What makes North America the top market for wireless connectivity in 2024?

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Global Wireless Connectivity Market
Wireless Connectivity Market

Report ID: SQMIG45H2089

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