Wireless Gigabit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Wireless Gigabit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A5379
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Market Overview:

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.

Wireless gigabit (WiGig) refers to an internet connection that offers a speed of 1 gigabit per second (Gbps) using millimeter wave (MMW), microwave, 4G/LTE, free-space optics (FSO) and carrier Wi-Fi technologies. It promotes faster speed for Blu-ray players, home theaters and other audiovisual equipment worldwide by operating in the frequency range of 60 GHz. It relies on beamforming technology for reducing congestion of networks and transmitting radio beams with a high-frequency bandwidth. It is widely employed in networking architecture as it provides accuracy and a high level of security while transferring the data.

 

 
 

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Wireless Gigabit Market Trends:

The growing demand for faster data transfer in information and technology (IT) and telecom sectors represents one of the major factors driving the market. Moreover, there is a rise in the utilization of consumer electronic devices, such as HD televisions, laptops, tablets, and smartphones, which is propelling the growth of the market. In addition, the increasing trend of bring your own device (BYOD) in several companies is resulting in the development of wireless endpoints that can handle high-speed data. This, in confluence with the escalating demand of gigabit IP data connectivity for long-term evolution (LTE) deployments, is contributing to the market growth. Apart from this, the rising adoption of small cell backhaul transmission to manage large volumes of data traffic and improve network coverage of both outdoor and indoor spaces is stimulating the market growth. Furthermore, extensive research and development (R&D) activities by key players and the growing popularity of cloud storage solutions are strengthening the growth of the market. Some of the other growth-inducing factors are rapid digitization, rising penetration of the internet and the increasing integration of wireless chipsets in electronic devices.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wireless gigabit market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, technology and end use industry.

Breakup by Product:

  • Display Devices
    • Smartphones
    • Laptops and Tablets
    • Others
  • Network Infrastructure Devices
    • Routers and Access Points
    • Adapters
    • Backhaul Stations
    • Docking Stations
       

Breakup by Technology:

 

 
 

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

Breakup by End Use Industry:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Retail
  • Media and Entertainment
  • Others
     

Breakup by Region:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc, Cisco Systems Inc., Intel Corporation, Marvell Technology Inc., MediaTek Inc., Millitronic, NXP Semiconductors N.V., Panasonic Corporation, Peraso Technologies Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd. and Sivers Semiconductors AB.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product, Technology, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Broadcom Inc, Cisco Systems Inc., Intel Corporation, Marvell Technology Inc., MediaTek Inc., Millitronic, NXP Semiconductors N.V., Panasonic Corporation, Peraso Technologies Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd. and Sivers Semiconductors AB.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global wireless gigabit market was valued at US$ 2.7 Billion in 2022.

We expect the global wireless gigabit market to exhibit a CAGR of 17.2% during 2023-2028.

The growing demand for faster data transfer in the IT and telecom sector, along with the rising
utilization of consumer electronic devices, such as HD televisions, laptops, tablets, etc., is currently driving the global wireless gigabit market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of remote working model, thereby augmenting the demand for wireless gigabit to provide faster speed, reduced congestion of networks, high security level, enhanced data accuracy to the working professionals, etc.

Based on the end-use industry, the global wireless gigabit market can be categorized into BFSI, healthcare, IT and telecom, retail, media and entertainment, and others. Currently, the IT and telecom industry accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global wireless gigabit market include Broadcom Inc, Cisco Systems Inc., Intel Corporation, Marvell Technology Inc., MediaTek Inc., Millitronic, NXP Semiconductors N.V., Panasonic Corporation, Peraso Technologies Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., and Sivers Semiconductors AB.

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Wireless Gigabit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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