IMARC Group, a leading market research company, has recently releases report titled “Wireless Gigabit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global wireless gigabit market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Wireless Gigabit
Wireless Gigabit, also known as WiGig, is a wireless communication technology that operates in the unlicensed 60 GHz frequency band. It is designed to enable high-speed communications, with faster data transfer rates as compared to traditional Wi-Fi technologies. It provides short-range, high-speed wireless data transfers and is used for applications like high-definition (HD) video streaming, virtual reality (VR), augmented reality (AR), and fast file transfers. It also supports device-to-device communication, creating a seamless, high-speed network that eliminates the need for physical cables. Moreover, due to the high frequency, WiGig signals have low penetration power, providing a more secure network by reducing the risk of external attacks. As a result, the demand for WiGig is increasing across various industries, such as telecommunications, consumer electronics, and IT, thereby marking the advent of a new era in wireless communication technology.
How Big Is the Wireless Gigabit Market?
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 are the growth prospects and trends in the wireless gigabit industry?
The exponential growth in the demand for high-speed internet connectivity and data transmission, fueled by the increasing usage of high-resolution videos, online gaming, and VR/AR applications represents one of the key factors accelerating the market growth.
Furthermore, the rapid proliferation of connected devices and the deployment of the Internet of Things (IoT) technology are escalating the need for high-speed, secure, and efficient communication networks. Moreover, governments and regulatory bodies worldwide are opening up the 60 GHz band for unlicensed use, further driving the WiGig market.
Furthermore, the advent of advanced, eco-friendly, and efficient WiGig devices that support the high-speed, low-latency communication required for emerging technologies like autonomous vehicles, smart cities, and Industry 4.0, is favoring market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
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:
- System on Chip (SoC)
- Integrated Circuit Chip (IC Chip)
Breakup by Application:
- Consumer Electronics
- Networking
- Commercial
- Others
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:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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