Global Wireless Gigabit Market by Product (Networking Devices, Consumer Electronics), by Application (Healthcare, Retail, BFSI, Government, IT & Telecom), by End-Use (Residential, SMBs, Large Enterprises), by Type (802.11ac, 802.11ad) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

WiGig market is booming due to rising demand for cloud computing and BYOD

In 2015, the global Wireless Gigabit market was valued at USD 702.2 millions. The WiGig market is being driven by the shift from enterprise-driven technologies to cloud-dominated ones. Cloud computing is a common use of Ethernet switches and data center switches. The 25G Ethernet will drive data center switching growth and propel 100G Ethernet volumes. Enterprises can adopt a class switch that supports 25G Ethernet in cloud computing.

India WiGig Market By Application, 2014 - 2024 (USD Million)

Companies are able to allocate more IT budgets to improve network throughput due to the shift towards 'BYOD'. Due to increased use of mobile devices and other electronic devices at work there is an increase in demand for high speed and bandwidth to support different applications and services. BYOD is a growing trend that sees more wireless devices at work, which means there is a lot of demand for network switch upgrades. Many manufacturers are working to develop network switches capable of handling higher speeds. Many companies are also developing technology to manage high-speed data because of the growing demand for it.

Wireless broadband access is becoming more popular due to the growing demand for gigabit IP bandwidth. In high-data density areas, gigabit IP connectivity is crucial for LTE deployments as well as metro WiFi. Due to its unique propagation characteristics and large bandwidth, the 60 GHz band can be used for such applications. This is critical for next-generation wireless networks.

802.11ad is a profitable market segment

In 2015, the 802.11ac market dominated wireless gigabit. It is expected that it will grow at a substantial CAGR of more than 30% between 2016 and 2024. This segment is experiencing a significant growth due to increased throughput at frequencies below 2.4 GHz and 5 GHz bands. The rapidly evolving wireless technology, in response to the influx of intelligent devices, applications and data, means that the IEEE 802.11ad standards is expected to grow at a rapid pace with a CAGR close to 35%. By operating in the 60GHz microwave band, 802.11ad standards provides greater data throughput and lower latency.

The industry will be dominated by consumer electronics

With a dominant share of 67%, the consumer electronics segment dominates the industry. This trend is expected to continue as 802.11ac access point adoption increases. WiGig provides consumers super-fast connectivity to transfer gigabytes HD content between smartphones, tablets, computers, and set top boxes. Several IC companies in the sector are targeting consumer electronics devices such as tablets, smartphones, tablets, TVs and monitors. They have also developed advanced WiGig ICs to address this segment.

SMBs and residential segments will grow in the industry.

With a revenue share close to 44%, large enterprises dominated the sector. Due to increasing bandwidth and demand in the sector, large enterprises (including the government) are adopting WiGig solutions more frequently.

The SMBs segment will see a significant growth rate of almost 32% during the forecast period. The demand for WiGig technology has increased due to the increasing adoption of BYOD and Trends across the segment. The majority of these devices can be connected to Wi-Fi, which will lead to a rise in adoption by businesses such as healthcare and hospitality. These companies are constantly under pressure to provide a safe, fast, and feature-rich Internet experience for all their employees and customers.

Healthcare applications to drive industry demand

Due to increasing bandwidth requirements on reliable wireless networks, the healthcare segment will grow at a significant rate of 35% between 2016 and 2024. Wi-Fi is used in healthcare for mission-critical applications such as radiology imaging and cardiac surgery, telemedicine and electronic medical record procedures. It also has the potential to be used to transmit voice over IP and handheld scanners. Healthcare industry needs high-performing, high capacity, ubiquitous wireless connectivity to ensure these applications work efficiently and securely. This is driving industry growth.

Demand is expected to rise in Asia Pacific with the WiGig industry

Asia Pacific was the dominant region in the industry, with a substantial revenue share of more than 45% in 2015. This trend is expected to continue for the forecast period. Regional growth is being driven by the increasing production of Ethernet switches, routers, and routers in strong economies like India, China, Japan. Rising IT spending and shifting budget allocations in developing nations are driving demand for technologically advanced products that can upgrade existing enterprise infrastructure.

Broadcom, Qualcomm and Cisco are some of the major shareholders

Broadcom Corporation, Intel Corporation, Broadcom Corporation, Marvell Technology Group Ltd., Panasonic Corporation, Cisco Systems, Inc., NEC Corporation, Azurewave Technology, Inc., Nvidia Corporation, MediaTek are the key players in WiGig's industry. These companies are working to transition towards 802.11ad instead of 802.11ac in order to support more users and more devices on the network. This adoption is largely driven by the availability of Multiple Input Multiple Output, or MIMO.

Wireless Gigabit Market Report Scope

These are the most frequently asked questions about this report

b. Global wireless gigabit market was valued at USD 1.8billion in 2019, and is forecast to grow to USD 2.4billion in 2020.

b. Global wireless gigabit markets are expected to grow at a compound annual rate of 30.6% between 2016 and 2024, reaching USD 7.4 billion in 2024.

b. With a 53.3% share in 2019, the Asia Pacific was the dominant market for wireless gigabits. This can be attributed to the increasing production of Ethernet switches in countries such as India, China and Japan.

b. Qualcomm Technologies, Inc., Broadcom; Marvell, Qualcomm Technologies; Intel Corporation; Broadcom, Marvell; Panasonic Corporation; Cisco; NEC Corporation; Azurewave Technologies. Nvidia Corporation. MediaTek Inc.

b. The market growth is driven by the growing demand for better internet connectivity, the high penetration of smartphones and multiple device use, as well as the rising demand for data and wireless video.

Up Market Research published a new report titled “Wireless Gigabit Market research report which is segmented by Product (Networking Devices, Consumer Electronics), by Application (Healthcare, Retail, BFSI, Government, IT & Telecom), by End-Use (Residential, SMBs, Large Enterprises), by Type (802.11ac, 802.11ad), By Players/Companies NEC Corporation; Azurewave Technologies; Nvidia Corporation; and MediaTek Inc, Qualcomm Technologies, Inc; Intel Corporation; Broadcom; Marvell; Panasonic Corporation, Cisco”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Wireless Gigabit Market Report Segments:

The market is segmented by Product (Networking Devices, Consumer Electronics), by Application (Healthcare, Retail, BFSI, Government, IT & Telecom), by End-Use (Residential, SMBs, Large Enterprises), by Type (802.11ac, 802.11ad).

Wireless Gigabit Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Wireless Gigabit Market

Overview of the regional outlook of the Wireless Gigabit Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Wireless Gigabit Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Wireless Gigabit Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Networking Devices

                2. Consumer Electronics

                1. Healthcare

                2. Retail

                3. BFSI

                4. Government

                5. IT & Telecom

                1. Residential

                2. SMBs

                3. Large Enterprises

                1. 802.11ac

                2. 802.11ad

10. Market scenario by region, sub-region, and country.
11. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
12. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
13. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Wireless Gigabit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Wireless Gigabit Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.