The latest research study “Wireless Gigabit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global wireless gigabit market size reached a value of US$ 2.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.63 Billion by 2027, exhibiting a CAGR of 18.60% during 2022-2027.
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Wireless Gigabit (WiGig) refers to a wireless technology that provides high-speed data transmission on various devices. It provides fast, low-latency wireless internet connectivity by using beamforming technology that can offer a speed of 1 gigabit per second (Gbps) by sending a signal up to 10 meters. It also enables instant transmission of data, faster communication, enhanced security, and reduced interference. As a result, WiGig is widely utilized in general-purpose networking, file transferring, gaming, multimedia streaming, personal computer (PC) docking, and various enterprise applications requiring high-speed, data-intensive connections.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Wireless Gigabit Market Trends and Drivers:
The market is primarily driven by the escalating demand for faster data transmission in the information and technology (IT) and telecom sectors. In addition, the rising trend of bring-your-own-device (BYOD) represents another major growth-inducing factor. Besides this, the market is further propelled by the integration of advanced technologies, including the Internet of Things (IoT) and cloud solutions across various industries.
Moreover, consumers are nowadays spending more on Wi-Fi-enabled devices, such as HD televisions, laptops, tablets and smartphones, on account of rising disposable incomes. This, coupled with the escalating demand for gigabit IP data connectivity to deploy long-term evolution (LTE), is creating a favorable market outlook across the globe.
Furthermore, extensive research and development (R&D) activities by key players and the growing consumer inclination toward immersive gaming, augmented reality (AR), and virtual reality (VR) experiences are also providing a positive thrust to the market growth.
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|Wireless Gigabit Market Report Scope|
|Market size value in 2021||US$ 2.24 Billion|
|Market forecast in 2027||US$ 6.63 Billion|
|Growth Rate||CAGR of 18.60% from 2022 to 2027|
|Base year for estimation||2021|
Global Wireless Gigabit Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, product, technology and application.
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)
Market Breakup by Application:
- Consumer Electronics
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
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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