Scott Thompson; President, Oberon™, a Division of Chatsworth Products (CPI)
Over the past two decades, wireless technology has evolved as an essential means to provide internet connectivity and transmit voice, data, and video to and from people and devices. According to Statista, the number of wireless local area network (WLAN)-connected devices is estimated at more than 22 billion globally, with smartphone users alone surpassing 6 billion in 2022, equating to more than 83% of the world’s population. Now with trends like remote and hybrid working fueled by the pandemic, global e-commerce, and emerging Internet of Things/Industrial Internet of Things (IoT/IIoT) applications that are increasing demand for more wireless connectivity, it’s no wonder that a recent report by Markets and Markets estimates the wireless market to grow from $69 billion in 2020 to $141 billion by 2025.