Wireless Tech Drives $603B Communication Hardware Market by 2030, But Geopolitics and Inflation Pose Challenges
• Global communication hardware market projected to reach $603.5 billion by 2030, with a 4.6% CAGR from 2022-2030
• Wireless communication segment expected to power growth, forecasted 5.3% CAGR and $353.9 billion market by 2030
• United States and China to lead market growth - U.S. valued at $113.7 billion in 2022; China to reach $129.6 billion by 2030
• Ongoing geopolitical tensions, inflation, supply chain issues identified as key market influencers
• Apple, Cisco, Ericsson, Huawei, Nokia, Qualcomm, Samsung, ZTE highlighted as major players