Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Wireless Gigabit Market SoC, Module, IEEE 802.11AD, IEEE 802.11AY, 57-71 GHz, Router, Access Point, Docking Station, Backhaul Station, Adapter, AR/VR, Multimedia Streaming, Video Wall, Biometric, Smart City, Gesture Control - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global Wireless Gigabit market is expected to be valued at USD 66.9 million in 2024 and is projected to reach USD 138.8 million by 2029, growing at a CAGR of 15.7% from 2024 to 2029. The increasing adoption of high-speed internet is one of the growth drivers for the Wireless gigabit market. With the proliferation of IoT devices and smart city initiatives, the adoption of wireless connectivity technologies is rising. The technology is used for high-bandwidth applications in smart cities, video streaming, and more.
Wireless gigabit market for module offering to account for the highest CAGR during the forecast period
The Wireless gigabit market for module offerings is expected to grow at a CAGR rate during the forecast period. This growth is attributed to the WiGig module's ability to quickly adapt to different devices and applications and support a range of use cases, including wireless docking and high-speed data transfer. The WiGig modules help reduce overall product costs by eliminating the need for other components. Moreover, the increasing adoption of smart devices requiring high-speed, low-latency connectivity drives the demand for WiGig modules.
Wireless gigabit market for network infrastructure devices to account for the highest CAGR during the forecast period
During the forecast period, network infrastructure device products are expected to dominate the wireless gigabit market. This growth is attributed to the exponential increase in data traffic driven by HD video streaming, online gaming, and IoT. These applications require high-speed connectivity to reduce latency and provide a quality experience. Additionally, the increasing development of smart cities requires robust and high-speed wireless networks for various applications. WiGig technology's ability to provide wireless network connectivity helps effectively manage multiple applications in smart cities.
Consumer electronics end user in Wireless gigabit market to account for the highest CAGR during the forecast period
Consumer electronics in the Wireless gigabit market are projected to hold the second highest CAGR during the forecast period. This growth is attributed to the rising consumption of definition media such as online gaming and video streaming. Additionally, the increasing adoption of smart devices such as smartphones and laptops fuels the adoption of advanced wireless technologies such as WiGig. Also, the adoption of AR/VR devices requires high-speed and low-latency connections, enabling the growth of the WiGig market.
Wireless gigabit market for Europe to account for the second highest CAGR during the forecast period
The Wireless gigabit market in Europe is expected to hold the second highest CAGR during the forecast period. The growth is primarily driven by the expansion of smart cities across Europe, which requires high-speed wireless communication. Additionally, European companies are undergoing digital transformation to improve productivity and adopt cloud infrastructure, leading to the demand for advanced wireless communication, such as WiGig. Also, the significant investment in expanding digital infrastructure promotes the adoption of WiGig technology.
Research Coverage:
The research report categorizes the Wireless gigabit market by Offering (SoC and Modules), Protocol (IEEE 802.11ad and IEEE 802.11ay), Channel, Product (Display Devices and Network Infrastructure Devices), End User (Consumer Electronics, Telecom, Railway, Automotive, Commercial, Other End Users) and Region.
Key Benefits of Buying the Report
- Analysis of key drivers (Growing demand for HD video streaming, Increased adoption of AR/VR devices, Proliferation of smart devices, Rise in investment towards high-speed internet), restraints (High implementation costs, Data privacy and security concerns, Lack of Standardization and Interoperability), opportunities (Rising deployment of 5G networks, Increasing prevalence of smart city initiatives, Increasing investments in vehicle-to-everything (V2X) communication), and challenges (Rapid change in technology landscape, Integration with legacy systems) influencing the growth of the Wireless gigabit market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Wireless gigabit market
- Market Development: Comprehensive information about lucrative markets - the report analyses the Wireless gigabit market across varied regions.
- Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the Wireless gigabit market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the Wireless gigabit market, such as Peraso Technologies Inc. (US), Tensorcom, Inc. (US), Sivers Semiconductors AB (Sweden), STMicroelectronics (Switzerland), Qualcomm (US).
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 221 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $66.9 Million |
| Forecasted Market Value (USD) by 2029 | $138.8 Million |
| Compound Annual Growth Rate | 15.7% |
| Regions Covered | Global |
Key Topics Covered:
Premium Insights
- Attractive Opportunities for Players in Wireless Gigabit Market
- Wireless Gigabit Market in Asia-Pacific, by Country and End-user
- Wireless Gigabit Market in North America, by Country
- Global Wireless Gigabit Market, by Country
Market Dynamics
Drivers
- Rising Demand for High-Definition Content
- Surging Adoption of AR/VR Devices
- Increasing Demand for Smart Devices
- Growing Investments in High-Speed Internet
Restraints
- High Deployment Costs
- Data Privacy and Security Concerns
- Interoperability Issues due to Lack of Standard Protocols
Opportunities
- Rising Deployment of 5G Networks
- Increasing Investments in Smart City Projects
- Emergence of Smart and Connected Vehicles
Challenges
- Obsolescence of Older Technologies due to Constant Technological Advancements
- Complexities Associated with Integration of Wigig Technology with Existing and Legacy Systems
Case Study Analysis
- Dell Partnered with Qualcomm to Integrate Wigig Technology into Its Laptops and Docking Stations
- Harman Partnered with Peraso Technologies to Integrate Wigig Technology into In-Car Infotainment Systems
- Cisco Partnered with Peraso Technologies to Integrate Wigig Technology into Their Wireless Infrastructure Solutions
- HP Collaborated with Wilocity to Incorporate Wigig Technology into Its Elitebook Series of Laptops
- Netgear Collaborated with Qualcomm to Develop Nighthawk X10 Ad7200 Smart Wi-Fi Router
Use Cases of Wireless Gigabit Technology
- Multimedia Streaming
- Online Gaming
- Wireless Docking
- Biometric Authentication
- Gesture Control & Proximity Sensing
- AR/VR Devices
- Smart Cities
Wireless Gigabit Market, by Channel
- 57-59 Ghz:High-Speed Data Demands in VR/AR and Wireless Connectivity to Fuel Market Growth
- 59-61 Ghz: Increasing Demand for High-Capacity Wireless Backhaul and Secure Networks to Foster Market Growth
- 61-63 Ghz: High Flexibility and Efficiency due to Minimized Cabling to Boost Demand
- 63-65 Ghz: Surging Demand for Advanced Driver-Assistance Systems to Accelerate Market Growth
Wireless Gigabit Market, by Protocol
- Ieee 802.11 Ad: High-Speed Data Transfer for Ultra-Hd Streaming and VR to Drive Market
- Ieee 802.11 Ay: Extended Range and Enhanced Connectivity to Propel Market Growth
Wireless Gigabit Market, by Product
- Display Devices: Growing Demand for High-Speed Video Streaming and Remote Work to Drive Adoption
- Network Infrastructure Devices
- Network Routers & Access Points: Rising Demand for High-Speed Internet and Data Services to Drive Market
- Network Adapters: Escalating Adoption of IoT and Smart Home Technologies to Accelerate Market Growth
- Backhaul Stations: Surging Demand for High-Speed and Low-Latency Connectivity to Fuel Market Growth
- Docking Stations: Elevating Need for Laptops and Mobile Devices to Boost Demand
Wireless Gigabit Market, by Offering
- SOC: Rising Demand for Efficient and High-Performance Wireless Communication to Fuel Market Growth
- Module: Pressing Need for Rapid, High-Bandwidth Wireless Connections to Foster Market Growth
Wireless Gigabit Market, by End-user
- Telecom: Growing Data Traffic and Demand for High-Speed Connectivity to Propel Market
- Consumer Electronics: Rapid Adoption of Smart Devices to Accelerate Market Growth
- Automotive: Rising Demand for V2X Communication to Augment Market Growth
- Commercial: Shift Toward Digital Banking and Advanced Financial Services to Boost Demand
- Railway: Adoption of Smart Technologies to Enhance Efficiency, Safety, and Passenger Experience to Fuel Market Growth
Wireless Gigabit Market, by Region
- US: Surging Demand for High-Speed, Low-Latency Wireless Connectivity to Fuel Market Growth
- Canada: Government-Led Remote and Rural Connectivity Projects to Foster Market Growth
- Mexico: Rapid Expansion of Data Centers to Boost Demand
- UK: Significant Funding to Support Enhancement of Digital Infrastructure to Spike Demand
- Germany: Increasing Adoption of Cloud Computing to Drive Market Growth
- France: Government and Private Sector Investments to Boost Demand
- Italy: High-Speed Broadband Networks and 5G Deployment to Foster Market Growth
- China: Industrial and Consumer IoT Expansion to Drive Market
- Japan: Robust Digital Infrastructure and Government Support to Fuel Market Growth
- South Korea: Need for Robust Network Security Solutions to Offer Lucrative Growth Opportunities
- Middle East: Increasing Number of Smart City Projects to Drive Market
- South America: Growing Adoption of Advanced Wireless Connectivity Solutions to Support Market Growth
- Africa: Government Efforts to Expand Internet Access and Encourage Usage to Spur Demand
Company Profiles
- Peraso Technologies Inc.
- Sivers Semiconductors
- Tensorcom, Inc.
- Stmicroelectronics
- Qualcomm Technologies, Inc.
- Fujikura Ltd.
- Blu Wireless
- Pharrowtech
- Indie Semiconductor
- Analog Devices, Inc.
- Cambium Networks, Ltd.
- Renesas Electronics Corporation
- Murata Manufacturing Co. Ltd.
- Mistral Solutions Pvt. Ltd.
- Movandi Corporation
- Pasternack
- Jiangsu Creatcomm Technologies Co. Ltd.
- Mikrotik
- Common Networks, Inc.
- Edgecore Networks
- Airvine Scientific, Inc.
- Wireless Excellence Limited
- Laser 2000
- Axxcss Wireless Solutions, Inc.
- Tachyon Networks
For more information about this report visit https://www.researchandmarkets.com/r/nq2v1e
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
