Connectivity Is Driving Opportunity
Communication is growing smarter, faster, and more dynamic than ever before, and the evolution of wireless connectivity solutions has made it all possible. Short range, cellular-based, low-power wireless networks, and satellite-based systems are the fundamental enablers of smart communication between things – be it machines, sensors, humans, or infrastructures.
ABI Research forecasts a strong growth of these solutions across numerous verticals, reaching tens of billion devices over the next decade. At the same time, a new wave of wireless connectivity solutions are developing and deploying rapidly, unlocking new market opportunities otherwise not possible with existing generations. For example, the emergence of Wi-Fi 6, 802.11EHT, 6GHz Wi-Fi, 5G, NB-IoT, LPWA, UWB, Bluetooth beacons and mesh, Visual Light Communications (VLC), Low-power GNSS, Simultaneous Location and Mapping technologies (SLAM), High-Precision GNSS, among many other technologies, highlight this continued innovation and ever-changing connectivity landscape.
In addition, chipset vendors are increasingly investing in a combination of these technologies to strengthen their value proposition. Increasingly, these technologies are being integrated and combined to target a variety of use cases that leverage the strengths of individual technologies, and many of these solutions are likely to be leveraged alongside one another across key markets within the consumer electronics, mobile devices, smart home, smart building, smart city, and industrial environments.