The global wireless gigabit market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 17.2% during 2023-2028.
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What is wireless gigabit?
Wireless gigabit (WiGig) is an internet connection that delivers a speed of 1 gigabit per second (Gbps) using technologies like millimeter wave (MMW), microwave, 4G/LTE, free-space optics (FSO), and carrier Wi-Fi. It enables faster data transfer for devices such as Blu-ray players and home theaters worldwide, operating at a frequency range of 60 GHz. By utilizing beamforming technology, WiGig reduces network congestion and transmits radio beams with a wide bandwidth. It finds extensive application in networking architecture due to its accuracy and high level of data security during transmission.
What are the growth prospects and trends in the wireless gigabit industry?
The market for wireless gigabit (WiGig) is primarily driven by the increasing demand for faster data transfer in the IT and telecom sectors. The proliferation of consumer electronic devices like HD televisions, laptops, tablets, and smartphones further fuels market growth. The adoption of bring your own device (BYOD) policies in many companies has led to the development of wireless endpoints capable of handling high-speed data. Additionally, the demand for gigabit IP data connectivity for long-term evolution (LTE) deployments contributes to market expansion. The rising adoption of small cell backhaul transmission to manage large data traffic volumes and improve network coverage in both outdoor and indoor environments also stimulates market growth. Extensive research and development (R&D) activities by industry players and the increasing popularity of cloud storage solutions further bolster market growth. Other factors, such as rapid digitization, increased internet penetration, and the integration of wireless chipsets in electronic devices, also contribute to the market’s upward trajectory.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Display Devices
- Laptops and Tablets
- Network Infrastructure Devices
- Routers and Access Points
- Backhaul Stations
- Docking Stations
Breakup by Technology:
- System on Chip (SoC)
- Integrated Circuit Chip (IC Chip)
Breakup by Application:
- Consumer Electronics
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Cisco Systems Inc.
Marvell Technology Inc.
NXP Semiconductors N.V.
Peraso Technologies Inc.
Qualcomm Technologies Inc.
Samsung Electronics Co. Ltd.
Sivers Semiconductors AB.
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