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
