Wireless Gigabit Market Size Report, Industry Share, Analysis, Growth, 2032

Wireless Gigabit Industry Perspective:

The global Wireless Gigabit Market size was worth around $29.86 Million in 2023 and is predicted to grow to around $228.5 Million by 2032 with a compound annual growth rate (CAGR) of roughly 25.37% between 2024 and 2032.

People have more preference for wireless devices owing to its speed and convenience. The wireless gigabit technology has the capability to transfer data/information among devices or over the web with better speed. Faster communication and quick data transmission more than Wi-Fi technology drive the growth of wireless gigabit market. Moreover, wireless gigabit has potential to offer rapid synchronization and fast data sharing which is required for consumer electronics devices such as HD televisions, digital devices, tablets, and advanced smartphones. This is expected to increase the market growth of wireless gigabit market over the forecast period.

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The global wireless gigabit market is expected to grow in the projected period, Owing to the increased requirement for improved internet connectivity and enhanced speed in driving the market growth for wireless gigabit globally. The high penetration of smartphones and the use of multiple devices are factors that are contributing to the growth of the market.

Companies from different verticals such as online gaming, media and entertainment, hospitality, healthcare, research environments, educational institutions, and financial services, require high bandwidth and high-speed Ethernet options. Furthermore, Companies and businesses are shifting towards cloud computing and are deploying cloud environments for the same, on a public, private, or hybrid cloud environment. Expanding the effectiveness of cloud computing totally depends on broadband speed and reliability. Such factors are propelling the toward rapid industry growth which will further drive the market in the projected period.

Furthermore, demand for easy-to-carry and more compact devices has undoubtedly encouraged the market for SoC-based technology. The smartphone market has shown the rise in the Wireless Gigabit market for SoC-based technology products and quenched the needs of users.

The price of Wireless Gigabit-based Systems on Chips has dropped drastically and is one of the major driving factors for the Global Wireless Gigabit Market. However, the hike in efficiency from BYOD devices has put tremendous pressure on wireless networks, which is making the devices complex to manage and costs impossible to control within an organization, this might hinder the market growth for the market. Furthermore, due to the short operating range of wireless gigabit products, the demand for the wireless gigabit market might see a notable fall.

Wireless Gigabit Market: Segmentation

The study provides a decisive view of the Wireless Gigabit Market by segmenting the market based on By application, By Product, By Technology and By Region. With the rise in the usage of SoC in technological products, the demand for the market will grow in the projected period. In the IT and telecom sectors, the demand for faster communication and quick data transfer is driving the growth of this segment. Consumer electronics will also see notable growth in the projected period due to the use of SoC-based cheap electronics.

By Product Segment includes Network Infrastructure Devices and Display Devices.

By Technology Segment includes Integrated Circuit Chips (IC) and System-on-Chip (SoC)

By Application Segment includes Networking, Consumer Electronics, Commercial, Healthcare, IT & telecom, Government,BFSI Others.

Wireless Gigabit Market: Report Scope

Wireless Gigabit Market: Regional Analysis

On the basis of geography, emerging economies in the Asia Pacific region are expected to show higher growth, owing to consumer electronics manufacturers entering the markets with cost-effective devices. One of the major factors for the growth of the wireless gigabit market in the Asia Pacific region is the increasing penetration of Internet-enabled devices and also the technological advancements taking place as the Asia Pacific is a manufacturing hub.

The economies in the Asia Pacific regions like India and China are putting in efforts to technologically advance themselves to be at par with the developed countries. Both these economies are investing in technological advancement in numerous sectors, which will drive the growth of the wireless gigabit market.

Key Market Players & Competitive Landscape:

Prominent Wireless Gigabit Market players are

• Broadcom Corporation
• Intel Corporation
• MediaTek
• NEC Corporation
• Qualcomm
• Azurewave Technologies Inc.
• Marvell Technology Group Ltd.
• Panasonic Corporation
• Cisco Systems. Inc.
• Nvidia Corporation 
• among others.

The report segments the wireless Gigabit Market as follows:

Global Wireless Gigabit Market: Product Segment Analysis

• Network Infrastructure Devices
• Display Devices

Global Wireless Gigabit Market: Technology Segment Analysis

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

Global Wireless Gigabit Market: Application Segment Analysis

• Networking
• Consumer Electronics
• Commercial
• Healthcare
• IT & telecom
• Government
• BFSI
• Others

Global Wireless Gigabit Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa