Wireless Gigabit Market is expected to grow at a CAGR of 19.21%
Rising Demand for Asset Tracking and Growth in Healthcare
Applications are factors driving the Global Wireless Gigabit Market in the forecast period 2025-2029.
According to TechSci Research report, “Wireless Gigabit Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the During the forecast period, the Global Wireless Gigabit Market is poised for robust growth. This market is currently in its early stages and is anticipated to be driven by various factors, including ongoing technological innovations and advancements within the communications sector. Furthermore, the growing necessity for secure communication channels is expected to exert a significant influence on the global market in the foreseeable future.
The introduction of wireless gigabit technology is set to revolutionize the communication landscape by offering speeds approximately ten times faster than current WiFi standards. This substantial improvement in data transmission capabilities is expected to reshape connectivity and communication paradigms, heralding a new era of high-speed and secure wireless communication.
Notably, the networking segment is forecasted to experience substantial growth during the projected period. This growth is primarily attributed to the utilization of WiGig for backhaul applications. The emergence of 60 GHz Fixed Wireless Access (FWA) solutions is anticipated to obviate the need for fiber deployments, particularly in areas with inadequate infrastructure. The increasing global demand for fiber-grade connectivity is expected to drive the need for cost-effective FWA infrastructures, thereby bolstering the growth of the wireless gigabit market in the coming years.
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Based on Product, the Network Infrastructure Devices segment emerged as the leading category. Within this segment, infrastructure devices encompass routers, adapters, backhaul stations, and docking stations. The demand for devices boasting high data throughput is expected to propel the wireless gigabit market forward throughout the projected period. The 60 GHz band stands out due to its minimal reflections, ample license-free spectrum, and narrow beamwidth, facilitating dense link deployment. This characteristic makes products and solutions operating within this spectrum particularly suitable for upgrading from 5 GHz networks, where spectrum availability is increasingly constrained. Consequently, there's a growing demand for 60 GHz network infrastructure devices like backhaul radios and access points, primarily to ensure interference-free connectivity, particularly in urban environments.
Based on Region, North America is expected to maintain its dominance in the market. The wireless gigabit industry within the United States is forecasted to capture a significant share, reaching USD 50.4 million globally by 2033. This forecast is underpinned by the region's increasing adoption of various wireless communication standards and the presence of prominent semiconductor companies within its borders.
The United States leads in the adoption of wireless gigabit technology, fueled by the demand for high-speed, reliable, and seamless connectivity. With a commitment to innovation and technological progress, the country continues to attract key players in the semiconductor industry, solidifying its position as a pivotal market player. The convergence of these factors is poised to drive substantial growth, positioning the United States as a frontrunner in the global market.
Key market players in the Global Wireless
Gigabit Market are: -
- SAMSUNG
ELECTRIC INC
- Cisco
- Qualcomm
- Marvell
Technology
- Intel
Corporation
- Panasonic
Corporation
- NVIDIA
- Broadcom
Corporation
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“The global wireless gigabit market is
driven by several key factors that collectively contribute to its growth and
adoption. The increasing demand for high-speed data transfer stands out as a
primary driver, fueled by the proliferation of data-intensive applications such
as high-definition multimedia content, virtual reality, and augmented reality.
As consumers and businesses alike seek faster and more efficient wireless
connectivity, technologies like WiGig (802.11ad and 802.11ay) offer
significantly higher data rates, meeting the requirements of modern digital
experiences. The integration of wireless gigabit technologies with 5G networks
represents another crucial driver. This collaboration enhances overall network
performance, combining the high-speed, short-range capabilities of wireless
gigabit with the broader coverage and mobility features of 5G. The synergy
between these technologies supports diverse applications ranging from smart
cities and the Internet of Things (IoT) to augmented reality applications. Moreover,
the rise in smart devices and the IoT, along with the need for seamless
connectivity in enterprise environments, propels the demand for wireless
gigabit solutions. Advancements in semiconductor technology, government
initiatives promoting broadband connectivity, and the emergence of new use
cases such as wireless docking and virtual reality further contribute to the
dynamic growth of the global wireless gigabit market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Wireless Gigabit Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Product
(Display Devices and Network Infrastructure Devices), Technology (SoC and IC
Chips), Protocol (802.11ad and 802.11ay), End Use (Consumer Electronics, Networking,
Commercial), By Region, and By Competition 2019-2029” provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Wireless
Gigabit Market.
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