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eSIM Subscription Market to Open up New Avenues for Telecom Sector Business

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eSIM Subscription Market to Open up New Avenues for Telecom Sector Business

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The worldwide eSIM subscription market net value is forecast to reach over US$ 980 Mn in 2023, with a substantial CAGR of 30% expected from 2023 to 2033. According to the eSIM subscription industry analysis, the market’s entire worth would rise to US$ 13,510 Mn by 2032.

The rising use of eSIM subscriptions in consumer electronic items is being pushed by benefits such as greater connectivity, reliability, and security. The consumer electronics industry remains a crucial component affecting the development, advancement, and revolution of a number of technological services, including eSIM subscriptions.

Again, because features like eSIM 4G and 5G services make switching mobile phone network carriers easier, it would encourage more physical SIM card network providers to embrace and compete in the eSIM subscription market.

The growing trend among smartphone manufacturers to include an eSIM within the device is expected to enhance demand for eSIM subscriptions and the hardware category. Furthermore, eSIM enables the administration of M2M devices, many of which are completely remote and located, and it is expected that it will effectively have the largest market share throughout the projection period. The usage of M2M and IoT technologies in the automotive industry is also expected to raise demand for eSIM subscriptions. The GSMA Embedded SIM Specification, which will improve vehicle connectivity and pave the way for a new generation of connected cars, has just received support from the automotive industry, and it is expected to increase demand for eSIM subscriptions from a variety of connected services, allowing the industry to grow.

Key Takeaways

  • Due to its achievements in commercial eSIM deals as well as IoT eSIM, Giesecke + Devrient Mobile Security GmbH is the rightful leader in the eSIM subscription industry.
  • Thales is a close second on the list, with high marks for its operating system and interoperability, eventually topping the list of eSIM phones.
  • With a larger consumer base of smartphone users, Asia Pacific nations are the fastest-growing economies in terms of eSIM subscription acceptance.

Competitive Landscape

Some of the prominent companies in the worldwide eSIM subscription market include Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics, Deutsche Telekom AG, Giesecke + Devrient Mobile Security GmbH, Gemalto NV, and ARM Holdings.

According to the eSim subscription market research, G+D leads the market and has supplied subscriptions for the greatest number of digital SIM card-capable devices, including cellphones, wearables, iPads, and iPhone dual SIM devices.

Recent Developments in the eSIM Subscription Business

In the previous year, Kigen released the first EAL5+-approved iSIM hardware to the market in conjunction with Sequans. Kigen has built several strong and reliable alliances that cover the whole value chain, allowing it to penetrate the market and operate at scale.

In September 2021, Deutsche Telekom AG, in collaboration with Bayerische Motoren Werke AG, unveiled the first version of in-car 5G and personal eSIM networking capabilities. Vehicle communication with the customer’s cell device may now be linked through 5G utilizing a personal eSIM offered by Deutsche Telekom AG.

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Cellular IoT Module Market: Thriving Business for Multiple End-use Industries

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According to Future Market Insight, the cellular IoT modules market is worth US$ 16.88 Bn in 2023 and US$ 20.83 Bn by 2033. A CAGR of 23.4% is anticipated in the market during the forecast period.

It is projected that the rising adoption of 5G technology drives further market expansion. Demand for cellular IoT modules is expected to rise because of the 5G technology’s increased data speeds, lower latency, and more coverage.

The growth of mHealth services and government initiatives to support IoT in healthcare are also expected to contribute to the cellular IoT module market expansion. The overall market share is being impacted by the expansion of healthcare facilities and the rising demand for healthcare services.

A crucial component of cellular IoT security policy is cloud-based security, as insecure cloud infrastructure increases the risk of data theft and device piracy. For instance, a drone used for surveillance or delivery can process information like imaging data and navigational instructions on its own.

Applications of Cellular IoT Modules in Different Industries

Automotive Industry: The sales of cellular IoT modules in the automotive industry are expected to grow significantly during the forecast period due to the increased demand for connected automobiles. Since connected automobiles allow communication between vehicles and with the outside world, the automotive industry is projected to undergo substantial change as a result.

Telecom Industry: Currently, the telecom industry improves the cellular IoT modules market outlook. The market’s expansion is also aided by the industry’s rapid digitization and growing level of automation. Solutions for the Narrowband Internet of Things (NB-IoT) and Long-Term Evolution for Machines are being implemented by numerous medium-sized and large-scale businesses.

Key Takeaways 

  • The cellular IoT module market is likely to register at a CAGR of 23.4% during the forecast period.
  • Historically, the cellular IoT module market registered at a CAGR of 17% between 2018 and -2022.
  • The value of the cellular IoT module market is expected to be US$ 20.83 Bn by 2033.
  • Based on components, the hardware segment is likely to register at a 26.5% CAGR in the cellular IoT module market.
  • North America shows significant growth in the cellular IoT module market by 2033.
  • During the forecast period, the cellular IoT module market in China is likely to dominate.

Competitive Landscape 

The inclusion of cellular IoT modules in the product lines of telematics solution providers has made it easier for fleet managers and off-highway vehicle OEMs to gather and analyze data to identify significant patterns and issues in the field’s instrumentation usage.

Furthermore, it is projected that a number of elements, such as robust security, ubiquitous quality, and resilient networks, would energize the sector over the coming several years.

Recent Developments:

  • In order to fulfill the rising need from the industry for smart-grid communications between charging stations and automobiles, Qualcomm developed a new power line communication device in May 2022.
  • In order to address the communication needs of electric vehicle (EV) charging stations, also known as electric vehicle supply equipment, Qualcomm Technologies, Inc. has developed the QCA7006AQ, a next-generation power line communication (PLC) device (EVSE).
  • Sierra Wireless developed the HL7845 Module in April 2021. The standard provides a 450 MHz wireless spectrum to meet the IoT connectivity requirements of European utility services.
  • In February 2021, Fibocom collaborated with Red Tea, a leading provider of connectivity solutions, and Deutsche Telekom, the largest integrated telecoms company in the world, to ensure that it only provided best-in-class advertising nuSIM IoT components.
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Airport Ground Transportation Market is Expected to Reach US$ 22 Bn in 2022 and is Estimated to Cross US$ 32.57 Bn at a CAGR of ~ 4% During Forecast Period of 2022-32

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The airports are the most common type of transportation medium for international travelers and tourists. An airport can have multiple terminals, and aircrafts are assigned specific terminal for landing. The terminal and main airport building can be far, and passengers cannot walk to the aircrafts from building and other way around with luggage.

To make the transfer of passenger and luggage from building and aircraft, there are several vehicles, scheduled according to the flights or can be booked by passengers according to their convenience.

This airport ground transportation is sometimes organized by airline, as a service included along with flight. Sometimes, third party transportation is used by travel agencies and sometimes, passengers can get their own vehicle, using applications and websites of transportation providing agencies. These vehicles are usually buses, taxis and sometimes trains, if available.

The airport ground transportation market very niche, and there are not many popular service providers. There are only few airlines, providing these services to passengers, and there are not many dedicated organizations in this sector. As the market is not dominated by any recognized organization, there is lots of potential for taxi hailing and cab providing agencies, along with airlines to invest and start providing airport transportation to passengers.

Key Takeaways from the Airport Ground Transportation Market Study:

·         The North America, Europe and Asia Pacific regions hold a market share of ~24%, ~22% and ~35% respectively.

·         Online booking channels are leading for the booking of Airport Ground Transportation tickets.

·         The Airport Ground Transportation sector have contributed ~15%-20% in Airport Services market.

“With The Limited Number of Service Providers, There Is a Huge Potential for Newcomers in Airport Transportation Services Market.” – FMI Analyst said.

Impact of COVID-19

The public transportation industry was severely affected by the COVID-19 pandemic. To avoid spread of virus and to eliminate the virus, public transportation systems were completely shut down as a result of the shutdown and additional limitations on public gatherings.

The airport transportation mainly had shuttles and buses, which carried multiple passenger at one time to and from aircrafts. Due to gathering restrictions, these buses were not allowed to carry any passengers. As a result, most of the passengers had to use cabs and taxis to get to airport. Along with cabs, minibuses were also working, with limitation of passenger and proper sanitation and social distancing.

Even nowadays, there are specific rules and regulations, followed by these transportations, as there are chances infection of the virus by contact.

Who is winning?

The airport transportation sector does not have any big names, it mainly has airlines, local cabs and taxi providing agencies, along with few hotels and traveling agencies. All these companies provide buses and taxis to passengers, taking them to and from airport and within airport, from terminal to terminal. There are also special services provided to VIP passengers who paid for premium services.

§  The key players in this sector are Dnata, Fraport AG, Swiss Port International AG, Transdev, and taxi operating companies like Ola, Uber, Meru, Super Shuttle, Hertz, Alamo, Avis, etc.

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IoT Development Kit Market at a CAGR of 17.3% during the Forecast Period of 2022 to 2032

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According to the IoT device management platform analysis by Future Market Insights (FMI), the demand in the market will increase at a healthy CAGR of 24.4% from 2022-2032.

The report states that the market is expected to reach a valuation of ~US$ 4,463.5 Mn by the end of 2022. Sales are expected to be driven by factors such as the overall development of IoT networks and systems, increasing concerns regarding network security, escalating need to track health, etc.

IoT devises management systems allow organizations to collect and analyze data. It also functions as the bridge between the edge network and the user’s downstream data servers and enterprise applications, which is anticipated to augment growth.

An IoT network and device management platform provide centralized management, uncomplicated provisioning, and real-time insights into all current devices and integrations to support organizations stay on top of their deployment. IoT device management platform is integrated with a strong and accessible wireless solution, which permits users to easily broaden their IoT network and solutions at reduced cost and complexity thus, all these advantages offered by the IoT device management platform are contributing to the market growth.

Wearable technology, like smart watches, has enormous potential in the IoT space and for numerous businesses. Fitness and lifestyle-based businesses will mainly find this trend advantageous, considering the fact that various smart watches and wearable devices are combined with health and fitness tracking options.

Wearable IoT devices could be utilized to protect and monitor heart attacks, monitor EMG sensors for stroke patients, and monitor asthma. IoT device management platform offers features such as real-time device tracking, secure connectivity and data collection, data integration across apps/devices, over-the-air software updates, and sensor data analytics for smart wearables. Thus, development of wearable IoT technology is increasing the demand for smart wearables.

Agriculture industry is one the major industries for adoption of IoT technologies for a wide scale of applications like smart irrigation, activating frost fans, automated feeding systems to tank and feed bin tracking, and other mechanized procedures. Predictive analytics feature offered by IoT device for smart farming is the major trend in the agriculture industry because its helps farmers to make plans concerning the production and storage of the crops, marketing approach, and risk management.

As per the report by Business Application Research Center (BARC), the adoption of IoT devices in the agriculture industry have reached US$ 75 million in the year 2020, growing at around 20% annually. Smart farming based on IoT technologies permits farmers to reduce waste and improve productivity ranging from the amount of fertilizers used to the number of journeys the farm vehicles have made, and enabling well organized usage of resources like electricity, water, etc.

“The demand for IoT device management platforms is increasing in the manufacturing sector as these platforms help in monitoring both equipment settings and the outcome of each production step which offers manufacturers stronger assurance of analyzing quality issues at the source. The adoption of IIoT (Industrial Internet of Things) in the manufacturing industry and increasing usage of technologies such as 5G, AI, and Big Data will continue fueling demand,” says an FMI analyst.  

Key Takeaways:

  • By solution, the IoT device management platform segment is anticipated to account for the leading share in the global demand for IoT device management platforms in 2022.
  • By enterprise size, the small and mid-sized enterprises segment is estimated to grow at a robust CAGR of 26.0% through 2032.
  • By industry, the healthcare segment is anticipated to grow at a CAGR of 33.1% between 2022 & 2032.
  • Europe is expected to progress at the highest CAGR of around 33.0% followed by South Asia and the Pacific in 2032.
  • The market in Japan is expected to progress at a CAGR of around 27.8% through 2032.
  • In India, sales are expected to grow at a CAGR of close to 34.0% over the next ten years.

Regional Analysis

  • North America is the market leader, expected to hold almost 35.6% of the market in 2022. The consumer electronics sector of this region is booming, which is fueling the need for IoT development kits. Due to the presence of several prominent players, North America is anticipated to maintain its lead in the IoT development kit market over the forecast period. The North American IoT development kit market has expanded as a result of rising internet usage in countries with developing technology as well as the expanding use of wireless sensors and networks in key end-use industries like healthcare, retail, consumer electronics, industrial, automotive, and transportation. The market is also expanding because of increased research and development (R&D) in the IoT space for new and enhanced technologies, as well as an increase in consumer demand for better lifestyle options.
  • With roughly 24.1% of the market, Europe is the second-largest market shareholder. Since IoT devices are being used more widely there, the region is predicted to develop rapidly throughout the projection period. Additionally, the market is likely to expand in the area as more IoT sensors are being adopted by sectors including automotive, food and beverage, transportation, and others for monitoring. Together with important stakeholders, the European Commission has been working hard to create the ideal European IoT ecosystem and has started a dedicated cluster of R&D initiatives to address security and privacy concerns and promote confidence in IoT solutions.

Competitive Analysis

Using data collected at the Intelligent Edge, IoT solutions for infrastructure, apps, and security enable new experiences and drive improved operations. Large organizations are concentrating their efforts on developers who want to construct Internet of Things devices. This kit includes the software frameworks, network stacks, and cloud connection capabilities required to reliably connect and authenticate devices to the cloud, in addition to the industry-standard hardware components required to quickly prototype a wireless IoT system from scratch.

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Public Cloud-Based Telecom Cloud Market to Register a CAGR of over 15.2% in the Next Decade

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The Telecom Cloud Market revenues were estimated at US$ 19.8 Bn in 2021 and are anticipated to grow at a CAGR of 15.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 24 Bn. The market is projected to gross 15.2% CAGR through the public cloud.

During the pandemic, as individuals lived at home during the shutdown and businesses opted to work remotely, massive data consumption led to a spike in demand for telecom cloud installations, which significantly contributed to the market growth. Cloud has been one of the key themes of conversation in the telecom business in 2021 with the development of cloud-native 5G technology.

The public cloud solution provides on-demand infrastructure, lowering capital expenditure as well as continuous operational and life-cycle control. The public cloud may be a terrific incubator environment for not just developing new apps and services, but also bringing them to market and scaling them quickly.

Many corporate firms rely on the public cloud as their base. Telecom companies are increasingly looking to collaborate using public cloud services to use their computational capacity and use their strong network skills on the back end.

Hyperscalers such as Amazon, Google, Microsoft, and Oracle often establish and manage a uniform tech environment with public cloud platforms. CSPs, on the other hand, buy solutions from a variety of vendors who compete and advance in different directions, sometimes marginally, sometimes significantly.

Also, The BFSI sector outsources non-core functions to save money and enhance efficiency. As a consequence, targeted content views and precise financial data are required, which may be merged via a telecommunications cloud service.

Region-Wise Analysis

With a revenue share of more than 40% in the global telecom cloud market in 2021, North America held the top spot. American businesses place a high value on digitization and are more frequently seen as early adopters of cutting-edge technologies like the Internet of Things, additive manufacturing, big data analytics, connected businesses, intelligent systems, AR, ML, and VR, as well as the most recent telecommunications technologies like 4G, 5G, and LTE.

Category Insights

The public cloud category is anticipated to increase at a CAGR of around 15.2% between 2022 and 2032. Utilizing the public cloud is a path of technology advancement, organizational modifications, and service evolution.

The development of public cloud technology and wider cloudification initiatives is a key enabler for the digital telecom industry. Due to operational improvements in cloud efficiency, CSPs can promote service convergence by judiciously integrating disparate internal processes.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Cloud Market are focused on R&D to produce innovative technological solutions.

  • In April 2021, Momentum Telecom, a global provider of managed network and cloud voice, revealed that it had accomplished its purchase of Atlus Technology, a Tennessee-based leader in the development of cloud-based unified communications solutions.
  • In December 2020, Cisco announced the purchase of IMImobile, a cloud telecommunications software and service provider, allowing Cisco to provide its customers with an end-to-end client engagement management solution.
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The Global 5G RAN Market is Exhibiting Robust Growth Throughout the Anticipated Period

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The global demand for 5G RAN is expected to rise at a healthy CAGR of 28.7% during the years 2022 and 2032 to reach a net worth of US$ 34.2 billion in 2032.

5G RAN Market Cellular devices utilize radio waves in order to communicate. These devices convert the user’s voice and mobile data into digitalized signals sent as radio waves. Radio Access Networks (RANs) are implemented to ensure the proper functioning of cellular devices and connect them to networks or the Internet.

RANs utilize radio wave transceivers to connect the device to the cloud infrastructure. Most transceivers or base stations are in connection via fiber backhaul to the mobile core network. RANs provide radio communication access and assists coordinative network resources across all wireless devices.

Wireless devices connect to cellular networks via Long Term Evolution (LTE) or 5G New Radio (NR) connectivity. Silicon chips in the core networks and cellular mobile devices complement the functionalities of RAN.

RANs have evolved significantly over the past years as cellular networking technology reaches 5G. Today, 5G RAN technology has the ability to support Massive Multiple Input Multiple Output (Massive MIMO) technology, multi-band carrier aggregation, vast spectrum bandwidths, and more.

5G RAN: Market Dynamics

Infrastructure has always been the top priority of countries with regard to strategic investments. The telecom sector is rapidly growing with governments making huge investments in IT infrastructure. National governments and public organizations are making huge investments in the betterment of national telecom infrastructures. This trend is estimated to propel the adoption of 5G RAN across every regional market.

Strategic investments in the telecom sector help governments harness the potential to create employment and drive the economic growth of countries. Ongoing advancements in 5G technology have great potential to transform the telecommunication industry vertical and enhance the user experience for end-users.

Many enterprises operating in the telecommunication industry across the globe are focusing on upgrading their existing networking infrastructure to 5G networking infrastructure. This will help such telecom service providers offer services with high performance and high-speed connectivity.

Thus, huge investments targeted at upgrading national telecom infrastructure is the key factor estimated to boost the adoption of 5G RAN technology during the forecast period.

Impact of COVID-19 Pandemic Outbreak on 5G RAN Market

Rising infections across the globe are forcing national governments to declare nationwide lockdowns. These lockdowns are restricting the large-scale deployment of 5G technology on a global level. Deployment of 5G technology in key industry verticals, like Automotive, Transportation, and Logistics, was estimated to boost the adoption of 5G RAN solutions and services.

Lockdowns legislated by national governments to combat the spread of infections have restricted 5G deployment. Government and public sector and healthcare industry verticals are estimated to record a spike in adoption rates. However, the overall growth rate is estimated to carry on undeterred with consistent adoption of 4G LTE.

Regional overview

5G RAN markets in North America and Europe are leading all other regional markets on a global level. The strong market share may be attributed to the high presence of 5G technology solutions and service providers in the region.

Initiatives and investments deployed by government organizations are also propelling the adoption of 5G technology, thus driving the 5G RAN market. Advancements in 5G technology for automotive and smart transportation are playing a key role in propelling 5G RAN market growth in European economies like Germany and the U.K.

The 5G RAN market in the Southeast Asia Pacific region is projected to register a strong growth rate over the forecast period. 5G RAN markets in Latin America and the Middle East and Africa region will be slower to gain traction during the forecast period, as LTE Advanced technology is still gaining diffusion in those regional markets.

Competition Landscape

Some of the key vendors in the global 5G RAN market is Nokia; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Verizon; ZTE Corporation; NEC Corporation; Cisco; Qualcomm Technologies, Inc.; SAMSUNG; Intel; and FUJITSU, among others.

The 5G RAN market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

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Power Management Integrated Circuit (PMIC) Market Is Estimated To Develop At A Substantial CAGR For The Duration Of The Prediction

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The Power Management Integrated Circuit (PMIC) Market is likely to surge at a vigorous 6.6% CAGR during the assessment period 2022 – 2027 and is anticipated to progress at a CAGR of 6.6% to reach US$ 28.1 Bn in 2022 and US$ 41.2 Bn by 2027.

  • Rising sales of smart devices across the globe
  • Growing energy harvesting initiatives
  • Introduction of compact and high-efficiency PMICs
  • Ongoing industrial automation and vehicle electrification

The FMI study finds that demand for power management integrated circuits  in communication equipment applications is projected to grow at a higher rate. In 2019, PMIC application in communication equipment is expected to grow at 8.5% y-o-y. The projected growth can be attributed to buoyancy in the telecommunication industry owing to increasing demand for connectivity and the adoption of communication equipment starting from analog switches to smartphones to communication satellites.

Personal Electronics Application Registers Leading Revenues

The FMI study finds that demand for power management integrated circuit (PMIC) remains higher in personal electronics devices. In 2018, sales of power management integrated circuits garnered revenues worth over US$ 5.7 billion in 2018 and held 27% of the global PMIC market share. The demand trend in personal electronics applications is expected to continue in 2019 at the rate of 6.6% y-o-y.

A plethora of personal electronics devices and their rising adoption rate in the wake of the increasing millennial population, expansion of the middle class, and increased purchase capacity are factors responsible for the increasing demand for power management integrated circuits (PMIC) in personal electronics applications. In addition, manufacturers in the consumer electronics industry highly utilize PMIC to optimize energy consumption in compact devices.

Industrial application of power management integrated circuit (PMIC) registered second highest revenues and accounted for over one-fifth of the market revenues in 2018. Demand for power management integrated circuit (PMIC) in the automotive sector closely follows revenues in industrial applications.

PMIC Marketplace Moderately Consolidated

Leading players in the power management integrated circuit (PMIC) marketplace share considerable revenues. Texas Instruments, STMicroelectronics, NXP Semiconductors N.V., ON Semiconductor Corporation, and Analog Devices, Inc. are prominent market players, of which ON Semiconductor is the front-runner.

Small and mid-sized players are leveraging strategies such as the introduction of low-priced products to establish a stronghold in the domestic market. Increasing revenues of these players are eating into the shares of prominent PMIC market players.

APEJ Revenues Continue to Surge

The FMI study finds that APEJ continues to register a leading position in the power management integrated circuit (PMIC) market. In 2018, over two-fifth of the PMIC market revenues were accounted for the APEJ region, of which over 67% share was registered from China and India.

The region presents significant growth of the end-user industries of the power management integrated circuit (PMIC) market, thereby garnering leading revenues. The FMI study finds that North America continues to register the second leading position in the power management integrated circuit (PMIC) market. In 2018, over one-fourth of the PMIC market revenues were accounted for the North American region, of which over 81% share was registered from the U.S.

Across the globe, increasing energy harvesting initiatives and their penetration into the semiconductor industry have generated lucrative opportunities for the power management integrated circuit (PMIC) market. As the global demand for electricity rises and the world enters the era of IoT and digitalization, demand for power management integrated circuits (PMIC) is set to rise in the coming years.

Competitive Landscape

Power management integrated circuit (PMIC) manufacturers focus on power management and power-efficient semiconductors that contribute to better energy efficiency and lower power consumption for a range of portable devices and applications in the consumer electronics sector.

  • In December 2020, MagnaChip Semiconductor Corporation announced a new line of power management integrated circuits (PMIC) by introducing its first UHD display panel PMIC for laptops. It includes multiple power management functions within a single chip.
  • In January 2020, Qorvo introduced a power management integrated circuit (PMIC) that expands the company’s portfolio of products for rapid in-vehicle charging of phones, tablets, and laptops.
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Automotive Semiconductor Market Players Hope for a Revival in Passenger Vehicles Segment

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The global automotive semiconductor market is poised to increase at a CAGR of 7 % during the assessment period from 2020-2030. The growth is primarily attributed to a growing demand for usage of automotive semiconductors in camera-based sensors, 3-D mapping technology applications, Matrix LEDs for electric vehicles, camera-based sensors, LiDAR sensors, and others are projected to allow growth in the market.

“Digitally equipped manufacturers are implementing their mobile platforms for evolving car platforms and in-car entertainment. Technology-based manufacturers have collaborated with media-streaming devices and services companies due to core capabilities and their aggressive capital investment. Thus, due to digital connectivity for instance vehicle-to-vehicle communication, the market is projected to fuel up during the assessment period,” states the Future Market Insights analyst.

Key Takeaways

  • North America is anticipated to remain lucrative throughout the assessment period 2020-2030.
  • The micro-components (processors) segment is anticipated to witness an accelerated expansion of 7.0% during the projected period.
  • The passenger vehicle types segment will continue to lead the global market among other segments.
  • The safety application category is likely to rise at a higher pace over the assessment period.
  • The automotive industry will remain a key beneficiary throughout the projected period.

Automotive Semiconductor Market – Drivers

  • The growing production of vehicles across several nations has been complementing the market growth.
  • Increasing preference for best-in-class features and greater performance in motor vehicles boost the market demand.
  • Steady growth in the need for safety attributes in ultra-modern vehicles will propel market growth.

Automotive Semiconductor Market – Restraints

Factors such as continuous optimization of component size, maintaining balance amid quality and cost of the product, and the rising cost of the overall vehicle are continuously creating challenges for the automotive semiconductor market

COVID-19 Impact on Automotive Semiconductor Market

Given the debilitating effect of the COVID-19 pandemic on the automotive semiconductor market, market players are vying for prospects to stay afloat in the market scenario. The digital & electrical vehicles being the chief source of the automotive semiconductors need, the global market is likely to decrease by 5% towards 2020 end. Despite the entire shutting down of the manufacturing plants throughout the lockdown, the total year-to-year expansion of the market is projected to be 5%-8% through 2021.

Regional Analysis

China is the leading automotive manufacturing country in the world, and this factor alone is projected to boost shipments of automotive semiconductors in the nation over the years to come. Supportive government initiatives to boost semiconductor manufacturing and the rising use of automobile computer chips are prominent factors that will govern automotive semiconductor demand through 2030.

Competitive Landscape

Major companies identified in the global Automotive Semiconductor market include Samsung Semiconductors, Intel Corporation, NVIDIA Corporation, NXP Semiconductors, Texas Instruments Inc. (TXN), Broadcom Inc. (AVGO), Qualcomm Inc. (QCOM), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), ASE Technology Holding Co. Ltd. (ASX) and Micron Technology Inc. (MU).

Wireless Antenna Market is reached an evaluation of US$ 7,871.0 million by 2032
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Wireless Antenna Market is Reached an Evaluation of US$ 7,871.0 Million by 2032

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The worldwide wireless antenna market is projected to arrive at US$ 4,700.0 million in 2022. In light of the report, deals of wireless antennae will take off at a CAGR of 5.30 % to arrive at an assessment of US$ 7,871.0 million by 2032.

In big business applications, wireless antennas are broadly sent in purchaser hardware products like cell phones. Additionally, these wireless antennas are likewise utilized in the auto industry for the reason of vehicle availability.

Wireless antennae are introduced in cutting-edge LTE wireless organizations, as the utilization of portable web information traffic is essentially rising, which has fueled the interest in cutting-edge 4G and 5G wireless organizations.

Wireless Antenna Market: Drivers and Restraints

Increasing usage of the wireless antenna in connectivity vehicles help user to communicate with the outside world with improved features like infotainment and navigation, which is turning out to be the major driving factor that has a huge impact on the growth of the wireless antenna market.

The rising usage of wireless antennas in mobile devices is another major driving factor of the wireless antenna market. Moreover, new entrants in developing wireless antennas international market are also boosting the growth of the wireless antenna positively manner.

High initial investment cost associated with the acquisition of a site to the installation of a telecom network is turning out to be the major challenge faced by most of the vendors in the Wireless Antenna market.

Global Wireless Antenna Market: Regional Outlook

Based on geography, the Wireless Antenna market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. Among various regions, the Wireless Antenna market in the APEJ region is expected to dominate during the forecast period owing to the presence of a large number of telecommunication industries and strong financial growth in consumer electronics goods in China and India. APEJ region is expected to be followed by North America and Europe.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.

Recent Developments in the Wireless Antenna Market

  • In June 2021, Linx Technologies, a Merlin, OR-based developer and manufacturer of wireless components announced the extension of their global footprint in Taoyuan City, Taiwan with the addition of a new design center.
  • In September 2021, Johanson Technology Inc., a specialist in the manufacture and design of superior quality RF and Microwave ceramic chip capacitors, integrated passives, and inductors announced a novel tri-band WiFi 6E chip antenna.
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IoT Network Management Market is Projected to Record a CAGR of 23.3%, during 2022 – 2032

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According to the IoT network management industry analysis by Future Market Insights (FMI), the demand registered in the IoT network management market will grow at a noteworthy CAGR of around 23.3% from 2022-2032. The report states that the market is expected to reach a valuation of US$ 5.1 Bn by the end of 2022.

IoT networks are rapidly expanding across the globe, allowing businesses, and industries to control and/or monitor a broad range of smart gadgets. With any network technology, speed and responsiveness are crucial for accurate and dependable IoT device performance.

IoT networks, on the other hand, have a variety of network performance issues due to the presence of heterogeneous and resource-constrained devices communicating through error-prone radio channels and frequently deployed in hostile environments.

The Internet of Things (IoT) tangibly solves significant business problems in a variety of industries. Healthcare, smart cities, building management, utilities, transportation, and manufacturing are among the early users of this technology, attesting to its numerous advantages.

However, the number of threats and cyberattacks directed at IoT devices and networks is on the rise in both number and complexity. Attacks like IoT botnets, DNS threats, IoT ransomware, IoT physical security, and shadow IoT are on the rise in IoT devices, connected software, and network connections.

Combining IoT solutions with edge processing technology supports minimizing the vulnerabilities as edge security helps in protecting users and sensitive data. Therefore, there is an increased need to secure the devices and network, and use them to strengthen network security. As a result, enterprises are deploying IoT network management solutions to protect devices against new security threats.

“Different functionalities of IoT network management help to maintain network performance. Increasing adoption of IoT network management platforms across large enterprises will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By solution, demand in the network management platform segment is expected to grow at a CAGR of 24.4% through 2032.
  • Based on enterprise size, the SME segment is predicted to grow by 8.9X during the forecast period.
  • In terms of industry, the healthcare segment is predicted to grow at a CAGR of 29.9% between 2022 & 2032.
  • By region, North America accounted for the largest market share of around 32.3% in the IoT network management market in 2021, whereas South Asia & Pacific region is showing the highest growth of around 28.4% CAGR during the forecast period.

Competitive Landscape

IoT network management providers are focusing on strategies such as product innovation to improve their offerings and enhance their product portfolios to meet growing demand. Furthermore, a number of enterprises are collaborating with technology experts to build their own IoT network management solutions. For instance:

  • In March 2021, BehrTech collaborated with WEPTECH, a pioneer in the development and manufacture of cutting-edge wireless communication technologies launched cost effective MYTHINGS-certified gateway for Mioty, which is a next-gen LPWAN protocol.
  • In March 2022, a strategic partnership was established between Sierra Wireless and T-Mobile to strengthen the IoT connectivity solutions of Sierra Wireless by combining the IoT network management tools with LPWA, 5G coverage, AND 4G LTE from T-Mobile’s powerful mobile network.