The global wireless gigabit market is estimated to be valued at US$ 24.6 million in 2023 reflecting its significant growth trajectory. Projections suggest that the market is poised to maintain a steady pace of expansion, with an estimated CAGR of 21.6% from 2023 to 2033. Such consistent growth is expected to propel the market to remarkable heights, culminating in an impressive value of US$ 174.0 million by the end of 2033.
The wireless gigabit market is in its nascent stage and is expected to be propelled by several factors, including continuous technological innovations and advancements in the communications industry. Moreover, the increasing need for secure communication channels is expected to significantly influence the global market during the forecast period.
The introduction of wireless gigabit is anticipated to revolutionize the communication landscape, offering speeds around 10 times faster than current WiFi technology. This substantial enhancement in data transmission capabilities is poised to reshape the way we connect and communicate, ushering in a new era of high-speed and secure wireless communication.
| Attributes | Details |
|---|---|
| Wireless Gigabit Market Size Value in 2023 | US$ 24.6 million |
| Wireless Gigabit Market Forecast Value in 2033 | US$ 174.0 million |
| Wireless Gigabit Market Growth Rate (2023 to 2033) | 21.6% |
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From 2018 to 2022, the wireless gigabit industry witnessed a steady growth rate of 29.6% as the demand for high-speed and reliable wireless connectivity increased. The outlook from 2023 to 2033 forecasts a significant surge in market expansion. This expansion is driven by the widespread adoption of 5G technology, the proliferation of IoT devices, and the need for ultra-fast data transmission, reaching US$ 174.0 million by 2033 at a 21.6% growth rate from 2023 to 2033.
The market is poised to experience unprecedented growth, establishing itself as a pivotal enabler of the digital revolution in the coming decade as industries and consumers embrace the transformative potential of wireless gigabit solutions.
Principal Consultant
The wireless gigabit industry in the United States is anticipated to secure a substantial share of US$ 50.4 million in the global market by 2033. This projection stems from the region's growing embrace of diverse wireless communication standards and the notable presence of prominent semiconductor companies operating within its boundaries.
The United States is at the forefront of its adoption, driven by the demand for high-speed, reliable, and seamless connectivity as wireless gigabit technology gains momentum. With a progressive inclination toward innovation and technological advancements, the country continues to attract leading players in the semiconductor industry, further reinforcing its position as a key player in the market.
The convergence of these factors is expected to fuel remarkable growth and drive the United States to be a frontrunner in the global market.
The expansion of the market size in China of about US$ 14.4 million by 2033 can be attributed to several key factors. Firstly, there has been a notable rise in the production of routers and ethernet switches in China, driving the demand for WiGig technology.
Secondly, an increase in IT spending and budget allocations for technology upgrades in enterprises of China is fueling the need for technologically advanced products, including WiGig solutions, to enhance existing systems.
China holds a significant position in the market due to the significant number of WiGig producers in the country. This local presence enables easy access to WiGig products and facilitates their integration into various industries and sectors.
The growing acceptance of third-party platforms by diverse types of enterprises and the support of favorable government initiatives create a conducive environment for the adoption and growth of this technology in China. As a result, the market in China is projected to experience substantial expansion in the coming years, becoming a key player in driving the advancement of wireless gigabit technology on a global scale.
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The top end user is projected to experience substantial growth at a rate of 21.4% during the forecast period, primarily due to the adoption of WiGig for backhaul applications. Also, the emergence of 60 GHz Fixed Wireless Access (FWA) solutions is expected to replace the need for fiber deployments, especially in areas with poor infrastructure.
The rising global demand for fiber-grade connectivity is driving the need for cost-effective FWA infrastructures, which is likely to fuel the growth of the market in the forecast period.
The competition in the wireless gigabit industry is characterized by a dynamic and competitive landscape. Several established technology giants and emerging startups are vying for market share, driving constant innovation and technological advancements.
Key players are continuously developing and commercializing cutting-edge WiGig solutions, offering a wide range of products for various applications and industries. Strategic partnerships, collaborations, and acquisitions are common strategies employed by key players to strengthen market position and expand global reach.
The industry is witnessing increasing interest from semiconductor manufacturers, telecom operators, and networking equipment providers, adding to the intensity of the competition. As the demand for high-speed, reliable wireless connectivity grows, companies are focused on providing seamless and cost-effective solutions to meet the diverse needs of consumers and industries, fostering a highly competitive environment in the wireless gigabit market.
Recent Developments in the Market:
The industry is estimated to be around US$ 24.6 million by the end of 2023.
Qualcomm Inc., Sivers Semiconductors AB and Intel Corp., are the key players in the market.
The market is anticipated to surge at a CAGR of 21.6% through 2033.
United States is anticipated to garner a market share of US$ 50.4 million in 2023.
Integration of emerging technologies like AI and VR are driving the market sales.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Product, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Product, 2023 to 2033 5.3.1. Display Devices 5.3.1.1. Smartphones 5.3.1.2. Laptops & Tablets 5.3.1.3. Others 5.3.2. Network Infrastructure Devices 5.3.2.1. Routers & Access Points 5.3.2.2. Adapters 5.3.2.3. Backhaul Stations 5.3.2.4. Docking Stations 5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Technology, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Technology, 2023 to 2033 6.3.1. System on Chip (SoC) 6.3.2. Integrated Circuit Chip (IC Chip) 6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Protocol 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Protocol, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Protocol, 2023 to 2033 7.3.1. 802.11ad 7.3.2. 802.11ay 7.4. Y-o-Y Growth Trend Analysis By Protocol, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Protocol, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By End Use, 2018 to 2022 8.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By End Use, 2023 to 2033 8.3.1. Consumer Electronics 8.3.2. Networking 8.3.3. Commercial 8.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2018 to 2022 9.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2023 to 2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. MEA 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Product 10.2.3. By Technology 10.2.4. By Protocol 10.2.5. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product 10.3.3. By Technology 10.3.4. By Protocol 10.3.5. By End Use 10.4. Key Takeaways 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Product 11.2.3. By Technology 11.2.4. By Protocol 11.2.5. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product 11.3.3. By Technology 11.3.4. By Protocol 11.3.5. By End Use 11.4. Key Takeaways 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. UK 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Product 12.2.3. By Technology 12.2.4. By Protocol 12.2.5. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product 12.3.3. By Technology 12.3.4. By Protocol 12.3.5. By End Use 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. New Zealand 13.2.1.8. Rest of APAC 13.2.2. By Product 13.2.3. By Technology 13.2.4. By Protocol 13.2.5. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product 13.3.3. By Technology 13.3.4. By Protocol 13.3.5. By End Use 13.4. Key Takeaways 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Product 14.2.3. By Technology 14.2.4. By Protocol 14.2.5. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product 14.3.3. By Technology 14.3.4. By Protocol 14.3.5. By End Use 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Product 15.1.2.2. By Technology 15.1.2.3. By Protocol 15.1.2.4. By End Use 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Product 15.2.2.2. By Technology 15.2.2.3. By Protocol 15.2.2.4. By End Use 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Product 15.3.2.2. By Technology 15.3.2.3. By Protocol 15.3.2.4. By End Use 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Product 15.4.2.2. By Technology 15.4.2.3. By Protocol 15.4.2.4. By End Use 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Product 15.5.2.2. By Technology 15.5.2.3. By Protocol 15.5.2.4. By End Use 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Product 15.6.2.2. By Technology 15.6.2.3. By Protocol 15.6.2.4. By End Use 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Product 15.7.2.2. By Technology 15.7.2.3. By Protocol 15.7.2.4. By End Use 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Product 15.8.2.2. By Technology 15.8.2.3. By Protocol 15.8.2.4. By End Use 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Product 15.9.2.2. By Technology 15.9.2.3. By Protocol 15.9.2.4. By End Use 15.10. China 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Product 15.10.2.2. By Technology 15.10.2.3. By Protocol 15.10.2.4. By End Use 15.11. Japan 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Product 15.11.2.2. By Technology 15.11.2.3. By Protocol 15.11.2.4. By End Use 15.12. South Korea 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Product 15.12.2.2. By Technology 15.12.2.3. By Protocol 15.12.2.4. By End Use 15.13. Malaysia 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Product 15.13.2.2. By Technology 15.13.2.3. By Protocol 15.13.2.4. By End Use 15.14. Singapore 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Product 15.14.2.2. By Technology 15.14.2.3. By Protocol 15.14.2.4. By End Use 15.15. Australia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Product 15.15.2.2. By Technology 15.15.2.3. By Protocol 15.15.2.4. By End Use 15.16. New Zealand 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Product 15.16.2.2. By Technology 15.16.2.3. By Protocol 15.16.2.4. By End Use 15.17. GCC Countries 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Product 15.17.2.2. By Technology 15.17.2.3. By Protocol 15.17.2.4. By End Use 15.18. South Africa 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Product 15.18.2.2. By Technology 15.18.2.3. By Protocol 15.18.2.4. By End Use 15.19. Israel 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Product 15.19.2.2. By Technology 15.19.2.3. By Protocol 15.19.2.4. By End Use 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Product 16.3.3. By Technology 16.3.4. By Protocol 16.3.5. By End Use 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Qualcomm Inc 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Sivers Semiconductors AB 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Intel Corp 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Peraso Technologies 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Tensorcom Inc 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. STMicroelectronics 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Broadcom Inc 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. NXP Semiconductors 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Advanced Micro Devices, Inc 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Infineon Technologies AG 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Blu Wireless 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. NETGEAR Inc 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Wireless Gigabit Market
