Wireless
connectivity technology is becoming increasingly popular as compared to
variety of other technologies used for satisfying connectivity needs. Wireless
modules are the technology building blocks which can be assembled into a
working application within a short time. With the use of wireless modules, the
developing engineers do not require the manufacturing expertise or
understanding of radio frequency (RF) engineering principles. Through the
introduction of wireless modules in the automotive industry, the vendors are
making wireless solutions more accessible to the customers by adding value
through software and hardware.
Low power
wireless modules are new development in the wireless modules market and
increasing popularity and growth of these modules is the ongoing trend
observed in global
wireless modules market. Some of the important components in
automotive wireless modules are radio, nonvolatile memory, microcontroller and
antenna. Trend of partnerships among the automotive wireless module developers
and telecom service providers is being observed in this market. Vendors are
focusing on providing customized solutions as per consumer requirements using
cloud solutions. Cloud based LTE connectivity for the automotive wireless
modules is the key market opportunity for players in the automotive wireless
module market.
The low
installation and maintenance cost when compared to wired devices is one of
the major driving factors for the adoption of automotive wireless module
market. In wired technology, cost is incurred for wire connectivity and regular
maintenance and replacement of these wires. Thus, the convenience provided by
the wireless modules is driving their adoption in the automotive sector. Use of
wireless modules in the automotive sector offers benefits such as reduced
time-to-market, simplified manufacturing, reduced development expertise and
risk, and stable hardware platform.
Thus, all these benefits are additionally supporting the adoption of wireless modules over wired modules
driving the automotive wireless modules market. However, developing,
maintaining and installing wireless modules in automotives require high level
of expertise and competence. It is one of the major challenges for players in
this market. To address such challenges, vendors in automotive wireless module
market are focusing on the development of services and tools to reduce wireless
development risk and time.
Global automotive
wireless module market is segmented on the basis of connectivity module type
and geography. On the basis of connectivity module type, the market for
automotive wireless module is segmented into Bluetooth, Wi-Fi, Long-Term
Evolution (LTE), WiMax, High Speed Packet Access (HSPA), and General packet
radio service (GPRS). Currently, North America is the largest geographical market
in terms of revenue for automotive wireless module market, followed by Europe.
However, considering the growth of automotive sector in Asia pacific region,
the automotive wireless modules market is expected to witness strong growth in
this region in the near future.
The automotive
wireless module market is highly fragmented with large number of international,
regional and local players present in the market. Some of the key players
in the automotive wireless module market include Sierra Wireless, Inc., Telit
Communication PLC, U-blox AG, ZTE Corporation, Quectel Wireless Solutions Co.
Ltd., Option NV, Digi International, Inc., Huawei Technologies Co. Ltd.,
Gemalto NV and Liard PLC.
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