From GlobeNewswire: 2025-06-27 10:00:00

The IoT Communication Protocol Market was valued at USD 16.95 billion in 2023 and is projected to reach USD 23.94 billion by 2032, growing at a CAGR of 4.2%. The U.S. market was valued at USD 4.76 billion in 2023 and is projected to reach USD 6.0 billion by 2032, with a CAGR of 2.64%. Major players include Huawei, Arm Holdings, Texas Instruments, and more.

Wi-Fi is the dominant segment in 2023, with high bandwidth and device compatibility. Bluetooth is the fastest-growing standard, used in wearables and automotive infotainment. Consumer Electronics led the market in 2023, while Automotive & Transportation is growing rapidly with connected vehicles and V2X communication. North America dominates, with Asia-Pacific accelerating rapidly.

North America accounted for 42% of revenue share in 2023, while Asia-Pacific is the fastest-growing region due to smart infrastructure investments. SNS Insider provides market research and consulting services to help clients navigate changing market conditions with accurate data and insights from global surveys and focus groups.



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