Global Wireless Gigabit Market – Industry Trends and Forecast to 2029

Global Wireless Gigabit Market, By Product (Display Devices, Network Infrastructure Devices), Technology (System on Chip (SoC), Integrated Circuit Chip (IC Chip)), Protocol (802.11ad, 802.11ay), End Use (Consumer Electronics, Networking, Commercial) - Industry Trends and Forecast to 2029.

 Market Analysis and Size

The wireless communication system has gained wide acceptance across the globe as it is provides the speed of data transfer of more than or equals to one gigabit. Wireless Gigabit is offering new standards of wireless communications, including 60 GHz 802.11ad. The 60 GHz band is known to facilitates the speed of 7 Gbps.

Global Wireless Gigabit Market was valued at USD 24,796.70 million in 2021 and is expected to reach USD 180,924.80 million by 2029, registering a CAGR of 28.20% during the forecast period of 2022-2029. “Consumer Electronics” accounts for the largest component segment in the respective market owing to the increase in consumer adoption of 802.11ac access points. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

The wireless gigabit is known to be an advanced stage of wireless technology that usually operates in a wireless platform. This technology is specifically designed to enable quick transmission of data and faster communication. This wireless technology possesses more data transfer rate than that of WiFi.

Report Scope and Market Segmentation

Wireless Gigabit Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Shift towards Cloud Technologies

The increase in transition from enterprise-driven to cloud-dominated technologies is one of the major factors driving the growth of wireless gigabit market. There is a high adoption of cloud computing across various enterprises due to the large data generation.

• Use of Data Center and Ethernet Switches

Data center and Ethernet switches are one of the major requirements in the cloud computing sector. The 25G Ethernet is expected to propel 100G Ethernet volumes that will accelerate the market growth. Also, the adoption of a class of switch to support 25G used in cloud among enterprises will have a positive impact on the market.

• High Demand for Consumer Electronics

Wireless Gigabit is capable of offering fast data sharing and instantaneous synchronization required for consumer electronics. The use of the technology in consumer electronics devices such as HD televisions, advanced smartphones, digital devices, and tablets, among others further influence the market.

Additionally, rapid urbanization, change in lifestyle, increase in necessity of data centers due to rising adoption of cloud platforms, surge in investments and growing market for connected devices positively impact the wireless gigabit market.

Opportunities

Furthermore, growth of next-generation computing devices extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, use of V-band mmWave for last-mile connectivity will further expand the market.

Restraints/Challenges

On the other hand, use of V-band mmWave for last-mile connectivity is expected to obstruct market growth. Also, issues with short operating range of wireless gigabit products are projected to challenge the wireless gigabit market in the forecast period of 2022-2029.

This wireless gigabit market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wireless gigabit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Wireless Gigabit Market

The COVID-19 had a negative impact on the wireless gigabit market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand wireless gigabit market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the wireless gigabit market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Recent Developments

• MediaTek launched Density 5G Open Resource Architecture in June’2021. This technology offers manufacturers additional flexibility in customizing key 5G mobile device functionalities. The open resource design delivers smartphone manufacturers closer-to-metal access to configure features for displays, graphics, sensors, connection subsystems, artificial intelligence (AI) processing units (APUs), and cameras within the Density 1200 chipset.
• Qualcomm Technologies, Inc. released the Qualcomm® SnapdragonTM X65 and X62 5G M.2 Reference Designs in May’2021. These technologies assist in 5G adoption across a variety of industries, including Always-Connected PCs (ACPCs), Customer Premises Equipment (CPEs), gaming, PCs, laptops, XR, and other mobile broadband (MBB) devices.

Global Wireless Gigabit Market Scope and Market Size

The wireless gigabit market is segmented on the basis of product, technology, protocol and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Display Devices

Smartphones

Laptops and Tablets

Others

• Network Infrastructure Devices

Routers and Access Points

Adapters

Backhaul Stations

Docking Stations

Technology

• System on Chip (SoC)
• Integrated Circuit Chip (IC Chip)

Protocol

• 802.11ad
• 802.11ay

End Use

• Consumer Electronics
• Networking
• Commercial

Wireless Gigabit Market Regional Analysis/Insights

The wireless gigabit market is analysed and market size insights and trends are provided by country, product, technology, protocol and end use as referenced above.

The countries covered in the wireless gigabit market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the wireless gigabit market because of the rise in need for high-speed Internet, and high data throughput or data transfer at a faster rate within the region.

Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the development of next-generation devices in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Wireless Gigabit Market

The wireless gigabit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wireless gigabit market.

Some of the major players operating in the wireless gigabit market are

• Qualcomm Technologies, Inc. (US)
• Sivers Semiconductors AB. (Swden)
• Intel Corporation (US)
• Tensorcom, Inc. (US)
• STMicroelectronics (Switzerland)
• Broadcom. (US)
• NXP Semiconductors. (Netherlands)
• Advanced Micro Devices, Inc (US)
•  Infineon Technologies AG (Germany)
• Blu Wireless (UK)
• Netgear, Inc. (US)
•  Ubiquiti Inc. (US)
• Siklu (Israel)
• SAMSUNG (South Korea)
• Socionext Inc. (Japan)
• HiSilicon (Shanghai) Technologies Co., Ltd. (China)
• ASUSTeK Computer Inc. (Taiwan)
• Millitronic (India)

 

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