Global Wireless Gigabit Market Size By Technology, By Product, By Application, By Geographic Scope And Forecast
Report ID: 33654|No. of Pages: 202
Global Wireless Gigabit Market Size By Technology, By Product, By Application, By Geographic Scope And Forecast
Wireless Gigabit Market Size And Forecast
Wireless Gigabit Market size was valued at USD 33.55 Billion in 2024 and is projected to reach USD 271.19 Billion by 2031, growing at a CAGR of 29.85% during the forecast period 2024-2031.
Global Wireless Gigabit Market Drivers
The market drivers for the Wireless Gigabit Market can be influenced by various factors. These may include:
- Growing Need for High-Speed Connectivity: As data-intensive applications like virtual reality, online gaming, and HD video streaming proliferate, there is an increasing demand for wireless gigabit solutions to offer high-speed connectivity.
- Internet of Things (IoT) Devices Are Growing Quickly: In order to handle the large influx of connected devices and the data interchange between them, reliable wireless gigabit networks are necessary for the expansion of IoT devices in a variety of industries, including smart homes, smart cities, healthcare, and industrial automation.
- The advent of 5G technology: is pushing the need for wireless gigabit solutions since these solutions are essential to the backhaul connectivity of 5G base stations and to the end users’ ability to access ultra-fast wireless broadband services.
- Developments in Wireless Technology: The creation of high-speed, low-latency wireless gigabit solutions is being made easier by ongoing developments in wireless communication technologies, such as WiGig (802.11ad/ay), which is further driving market expansion.
- Demand for Seamless Connectivity: In order to facilitate quicker data transmission and enhanced network performance, companies and consumers alike are adopting wireless gigabit solutions in response to their growing desire for seamless connectivity experiences across a variety of devices and contexts.
- Growing Adoption of Cloud Services: As cloud-based services, such as computing, storage, and applications, become more widely used, there is a greater need for wireless gigabit solutions because high-speed wireless connectivity is required to guarantee effective access to and use of cloud resources.
- Extension of Smart Infrastructure: To facilitate real-time data interchange and enable efficient operations, the deployment of smart infrastructure initiatives, such as intelligent buildings, smart transportation systems, and smart grids, depends on strong wireless gigabit networks.
- Growing Popularity of Mobile Devices: In order to provide mobile users with quicker and more dependable wireless connectivity, there is an increasing need for wireless gigabit solutions due to the widespread usage of smartphones, tablets, and other mobile devices with sophisticated capabilities and larger bandwidth requirements.
Global Wireless Gigabit Market Restraints
Several factors can act as restraints or challenges for the Wireless Gigabit Market. These may include:
- Issues with Limited Range and Interference: Wireless gigabit technologies, especially those that use higher frequency bands, frequently have issues with interference and limited range, which can impair the dependability and efficiency of wireless connections.
- Expense and Implementation Complexity: Some organizations, particularly individuals and smaller enterprises, may find the expense of installing wireless gigabit solutions—which includes hardware, infrastructure changes, and installation—to be exorbitant, which will slow down adoption rates.
- Interoperability and Compatibility Difficulties: It can be difficult to guarantee compatibility and interoperability between various wireless gigabit protocols and devices, which can divide the market and make it more difficult to integrate and deploy seamlessly in a variety of settings.
- Security Issues: Due to wireless gigabit networks’ susceptibility to security flaws including data interception, eavesdropping, and unauthorized access, customers may be reluctant to adopt them in sensitive applications because they are concerned about the confidentiality and integrity of their data.
- Regulatory Obstacles: Wireless gigabit technology researchers and manufacturers face difficulties in adhering to regulatory standards and spectrum allocation policies. This could restrict the availability of acceptable spectrum and cause product launches and deployments to be delayed.
- Performance Limitations in Dense Environments: Wireless gigabit networks may suffer from performance deterioration due to increased interference and congestion in densely populated areas, such as stadiums and convention centers, which can affect dependability and user experience.
- Energy Consumption and Battery Life: High-speed wireless gigabit technologies frequently need more energy to run, which raises concerns for customers because it results in higher power consumption and shorter battery life for mobile devices, especially for IoT applications and portable devices.
- Market Maturity and Standardization: Continuous attempts are being made to establish interoperable solutions and standardize the still-emerging Wireless Gigabit Market. Until these problems are resolved, market expansion and investment may be slowed back by the absence of well-established ecosystems and standards.
Global Wireless Gigabit Market Segmentation Analysis
The Global Wireless Gigabit Market is Segmented on the basis of Technology, Product, Application, and Geography.
Wireless Gigabit Market, By Technology
• Integrated Circuit Chip
• System on Chip
Based on Technology, the market is segmented into Integrated Circuit Chip and System on Chip. The Integrated Circuit Chip holds the largest market share during the forecasted period. An integrated circuit, or IC, is a small chip that can function as an amplifier, oscillator, timer, microprocessor, or even computer memory. An IC is a small wafer, usually made of silicon, that can hold anywhere from hundreds to millions of transistors, resistors, and capacitors.
Wireless Gigabit Market, By Product
• Network Infrastructure Devices
• Display Devices
Based on Product, the market is segmented into Network Infrastructure Devices and Display Devices. The market for network infrastructure devices to grow at the highest CAGR from 2021 to 2026. Wireless Gigabit network infrastructure devices are broadly classified into routers, adapters, backhaul stations, and docking stations. The need for devices with high data throughput is likely to drive the Wireless Gigabit Market during the forecast period. The 60 GHz band is characterized by minimal reflections, abundant license-free spectrum, and narrow beam-width that enable dense link deployment. This makes products/solutions operating in this spectrum ideal for upgrading from 5 GHz networks, where the spectrum is increasingly becoming limited.
Wireless Gigabit Market, By Application
• Networking
• Consumer Electronics
• Commercial
Based on Application, the market is segmented into Networking, Consumer Electronics, and Commercial. The market for the networking segment is expected to witness considerable growth during the forecast period. The major reason for this growth is the use of WiGig for backhaul applications. The emergence of 60 GHz FWA solutions is expected to eliminate the need for fiber deployments, especially in areas where infrastructure is poor. The rising demand for fiber-grade connectivity globally is expected to create demand for cost-effective FWA infrastructures. This is likely to fuel the growth of the Wireless Gigabit Market during the forecast period.
Wireless Gigabit Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
Key Players
- Qualcomm Atheors
- Samsung Electric Co. Ltd.
- Intel Corporation
- Cisco Systems Ltd.
- Marvell Technology Group Ltd.
- Broadcom Corporation
- NEC Corporation
- Panasonic Corporation
- AzureWave Technologies
- NVIDIA
- MediaTek.
- Skyworks Solutions Inc.
- Qorvo Inc.
- NXP Semiconductors N.V.
- Texas Instruments Inc.
- STMicroelectronics NV
- Analog Devices Inc.
- Microchip Technology Inc.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Qualcomm Atheors, Samsung Electric Co. Ltd., Intel Corporation, Cisco Systems Ltd., Marvell Technology Group Ltd., Broadcom Corporation, NEC Corporation, Panasonic Corporation. |
| SEGMENTS COVERED | By Technology, By Product, By Application, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL WIRELESS GIGABIT MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL WIRELESS GIGABIT MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL WIRELESS GIGABIT MARKET, BY TECHNOLOGY
5.1 Overview
5.2 Integrated Circuit Chip
5.3 System on Chip
6 GLOBAL WIRELESS GIGABIT MARKET, BY PRODUCT
6.1 Overview
6.2 Network Infrastructure Devices
6.3 Display Devices
7 GLOBAL WIRELESS GIGABIT MARKET, BY APPLICATION
7.1 Overview
7.2 Networking
7.3 Consumer Electronics
7.4 Commercial
8 GLOBAL WIRELESS GIGABIT MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL WIRELESS GIGABIT MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Qualcomm Atheors
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Samsung Electric Co. Ltd.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Intel Corporation
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Cisco Systems Ltd.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Marvell Technology Group Ltd.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Broadcom Corporation
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 NEC Corporation
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Panasonic Corporation
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 AzureWave Technologies
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 NVIDIA
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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