Driven by flourishing demand for smartphones and IoT (Internet of Things), global shipment volume of Wi-Fi (Wireless-Fidelity) connected devices reached around 2.27 billion units in 2014, up 18% year-on-year, according to MIC (Market Intelligence & Consulting Institute), a Taiwan-based ICT research institute.
"Seeing IoT applications as the next growth driver, the upstream, midstream, and downstream sectors of the industry, from global ICT brands to new startups, is assessing the possibility of introducing new technologies or modules into their devices and developing IoT solutions and applications," said Remus Hsu, industry analyst with MIC. "In 2019, we predict that 3.75 billion Wi-Fi connected devices will be shipped worldwide, with a CAGR of 10.6% from 2014 to 2019."
Worldwide Shipment Volume of Wi-Fi Connected Devices, 2014 – 2019
Source: MIC, April 2015
Regarding Wi-Fi industry's supply chain, based on the number of companies in different sectors, the industry has a top-down, pyramid-shaped structure. Unlike the past where the industry reeled under the big-get-bigger trend, small-to-medium chipmakers, module and contract makers are now able to undertake transformation and refinement processes, eyeing lucrative opportunities from new IoT applications. Motivating mergers and acquisitions or the formation of alliances across industries and/or simply focusing on specific market demands for Wi-Fi connected platforms and/or devices can help vendors break free from the vicious price war and seek mutual benefits with their clients.
To see more about this report, please visit: Worldwide Wi-Fi Connected Devices Shipment Forecast, 2015-2019
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About MIC
Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. https://mic.iii.org.tw/english