Authored By: Sarah
03 Sep 2024

Sub-Ghz Module Market Size to grow by USD 650.3 million between 2024-2028 

The Sub-Ghz Module Market is expected to increase by USD 650.3 million billion. As per the research report 2024-2028 published by Technavio, the market is expected to grow at a CAGR of 9.11% during the forecast period. The industry is segmented by Type (Transceivers, Transmitters, Receivers, and LoRa), Application (Remote metering, Smart home, Smart city, Smart agriculture, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

Transceivers is expected to lead the Type segment of the Sub-Ghz Module Market

The Sub-Ghz module market is experiencing significant growth due to the increasing demand for low-power, cost-effective wireless communication solutions. These modules operate below 1 GHz frequency, making them ideal for IoT and M2M applications. Major players in this market include Texas Instruments, Murata Electronics, and NXP Semiconductors, who are continuously innovating to meet the evolving needs of businesses. The market is expected to reach substantial growth in the coming years, driven by the expansion of IoT and industrial automation sectors.

Know what factors are driving the market growth - Access free sample report

The APAC contributes 52% share to the Sub-Ghz Module Market in 2024

The APAC hold the largest regional market size in the current year. The Sub-Ghz module market is experiencing significant growth due to the increasing demand for low-power wireless communication solutions. These modules operate at sub-GHz frequencies, enabling longer range and more reliable connectivity compared to traditional Wi-Fi and Bluetooth technologies. Businesses across various industries, including agriculture, healthcare, and logistics, are adopting Sub-Ghz modules for their IoT applications to enhance operational efficiency and productivity. The market is expected to continue its upward trajectory, driven by technological advancements and expanding use cases.

Know which companies are participating in the market- Download the report

Sub-Ghz Module Market Research Overview 

The communications equipment market encompasses the manufacturing sector for enterprise networking solutions such as LANs, WANs, routers, switchboards, and exchanges, along with communications infrastructure or telecom equipment. According to Technavio, the market size is determined by the revenue generated from the sales of communication equipment, broadcasting equipment, telecommunication equipment, and telecom service providers' investments in network enhancement. Notably, cellular phone manufacturers fall outside the scope of this market. Factors fueling the market's growth include the expanding number of data centers, with hyperscalers investing heavily in new facilities and existing capacity expansions.

The Sub-Ghz Module Market is experiencing significant growth, fueled by the Smart city initiatives by governments. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Sub-Ghz Module Market Research Analysis

The Sub-Ghz Module Market is a growing segment in the wireless communication industry, driven by the demand for low-power, long-range wireless solutions. This market includes proprietary systems like LoRa and ISM band technologies such as Wi-SUN, Z-Wave, and Bluetooth v4.0, v4.2, and v5. The manufacturing process of Sub-Ghz Modules involves the use of raw materials like semiconductors, antennas, and batteries. The industry chain includes upstream suppliers of raw materials and components, OEM manufacturers, and downstream application sectors. Downstream applications of Sub-Ghz Modules are diverse, ranging from marine, commercial, military, and industrial sectors. In the marine industry, Sub-Ghz Modules are used for vessel tracking and monitoring. In commercial applications, they are used for building automation, smart city projects, and asset tracking. In the military sector, they are used for secure communication networks, while in the industrial sector, they are used for process control and remote monitoring. Proprietary systems like Wi-SUN and Z-Wave have their unique features and advantages, while Bluetooth v4.0, v4.2, and v5 offer higher data transfer rates and lower power consumption. The Sub-Ghz Module Market is expected to grow at a CAGR of over 15% during the forecast period, driven by the increasing demand for wireless communication solutions in various industries.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.