The North America Wi-Fi Module Market would witness market growth of 10.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Wi-Fi Module Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $24,756.2 Million by 2031. The Canada market is experiencing a CAGR of 12.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.7% during (2024 - 2031).
A Wi-Fi module is a compact electronic component or device that enables wireless communication between electronic devices and wireless local area networks (WLANs), typically using Wi-Fi protocols such as IEEE 802.11. In simpler terms, it allows devices to connect to the internet or other networks wirelessly, eliminating the need for physical (wired) connections.
These modules serve as the bridge between the microcontroller or processor in a device and the Wi-Fi network, facilitating the transmission and reception of data over wireless signals. These modules are commonly integrated into various devices, from consumer electronics like smartphones, laptops, and tablets to industrial machines, medical equipment, and smart home devices.
The North American market is experiencing substantial growth. The demand for these modules has surged significantly in the United States, largely driven by the growing adoption of smart homes, connected healthcare solutions, and industrial IoT applications. The "Broadband Equity, Access, and Deployment (BEAD) Program," a government initiative that is a component of the Infrastructure Investment and Jobs Act (IIJA), is designed to address the digital divide by increasing broadband access in rural and underserved regions. The BEAD Program provides $42.45 billion to expand high-speed Internet access by funding planning, infrastructure deployment, and adoption programs. This effort boosts the need for Wi-Fi-enabled devices in residential and enterprise sectors. Moreover, the Federal Communications Commission (FCC) has proactively opened up additional spectrum for unlicensed use, such as the 6 GHz band for Wi-Fi 6E, which enhances the capability and performance of next-generation Wi-Fi modules. Such regulatory support and funding initiatives are expected to further accelerate the deployment of Wi-Fi technologies nationwide. Thus, such regulatory support and funding initiatives are expected to further accelerate the deployment of Wi-Fi technologies across the country.
Free Valuable Insights: The Wi-Fi Module Market is Predict to reach USD 119.89 Billion by 2031, at a CAGR of 11.0%
Based on Type, the market is segmented into Embedded and Router Scheme. Based on Application, the market is segmented into Consumer Electronics, Smart Home, Industrial, Enterprise, Medical, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type
By Application
By Country
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