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).
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.
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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.
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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.
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.
Technavio Research
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