Global Wireless Gigabit Market Size to worth USD 320.2 Million by 2033: Forecast Analysis Report

Global Wireless Gigabit Market Size to worth USD 320.2 Million by 2033

According to a research report published by Spherical Insights & Consulting, The Global Wireless Gigabit Market Size is Expected to Grow from USD 30.4 Million in 2023 to USD 320.2 Million by 2033, at a CAGR of 26.55% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Wireless Gigabit Market Size, Share, and COVID-19 Impact Analysis, By Product (Display Devices and Network Infrastructure Devices), By Technology (System-on-Chip (SoC) and Integrated Circuit Chip (IC Chip)), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.     

Wireless gigabit (WiGig) is a technology for high-speed wireless communication, offering gigabit data transfer speeds over short-range wireless networks. Primarily operating in the 60 GHz frequency band, WiGig aims to offer ultra-fast wireless data transfer, thereby allowing for streaming of high-definition video, virtual reality applications, transfers of large files, and other services requiring massive data transfer. WiGig is one of the key enablers for modern wireless connectivity. It offers speeds that are comparable to those of wired Ethernet connections but maintains the flexibility and convenience of wireless communication. Furthermore, the growth of the wireless gigabit market is driven by several factors. The increasing demand for high-speed internet, particularly in consumer electronics such as smartphones, laptops, and smart home devices, is a major driver. Another aspect that drives the adoption of WiGig technology is the growth in applications that require high bandwidth and low latency, including 4K and 8K video streaming, virtual reality, and augmented reality. The shift towards 5G networks and the incorporation of WiGig in the 5G ecosystem also support market growth. However, the market also has some challenges. It has a limited range, especially because the high-frequency spectrum can easily be blocked by walls and other objects.

The network infrastructure devices segment is predicted to hold the greatest market share through the forecast period.

Based on the product, the wireless gigabit market is classified into display devices and network infrastructure devices. Among these, the network infrastructure devices segment is predicted to hold the greatest market share through the forecast period. Network infrastructure devices, such as routers, access points, and bridges, are essential for enabling high-speed wireless communication and are increasingly in demand as businesses and consumers require faster, more reliable internet connections for data-intensive applications like 4K video streaming, virtual reality, and large file transfers.

The system-on-chip (SoC) segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the technology, the wireless gigabit market is divided into system-on-chip (SoC) and integrated circuit chip (IC Chip). Among these, the system-on-chip (SoC) segment is anticipated to hold the greatest market share during the projected timeframe. SoCs integrate multiple components such as processors, memory, and communication interfaces into a single chip, making them highly efficient and compact for wireless communication devices. This integration enables faster data transfer rates, lower power consumption, and reduced physical space, which are essential for wireless gigabit applications.

North America is estimated to hold the largest wireless gigabit market share over the forecast period.

North America is estimated to hold the largest wireless gigabit market share over the forecast period. The market growth is because of the continuous technological advancement in the wireless networking industry, as key market players are significantly investing in research and development. With innovation in wireless networking technologies, including Wi-Fi 6 and 5G, customers seek faster and more dependable connectivity systems. This rapidly increasing demand for high-speed wireless network connectivity is boosting the integration of wireless gigabit solutions within several industries, such as telecommunications, healthcare, automotive, and infrastructure developments.

Europe is predicted to have the fastest CAGR growth in the wireless gigabit market over the forecast period. Adoption of 5G technology in Europe is driving the adoption of WiGig as a complementary solution for the improvement of wireless performance, particularly indoors and for short ranges. The push from governments and the European Union on the adoption of digital transformation and smart cities has expedited the rollout of advanced wireless technologies like WiGig in supporting seamless connectivity and innovative applications.

Company Profiling

Major key players in the wireless gigabit market are Broadcom, Cisco Systems, Inc., Intel Corporation, NETGEAR, Panasonic Holdings Corporation, PERASO TECHNOLOGIES INC., Qualcomm Technologies, Inc., Samsung, Tensorcom, Inc., and Ubiquiti Inc.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2024, Peraso announced the launch of the DUNE platform, a fixed wireless access solution designed for dense urban environments. This mmWave technology leverages the 60 GHz band to provide high-speed, low-latency connectivity, addressing urban network congestion issues without needing spectrum ownership. Peraso aims to deploy DUNE globally through partnerships with system vendors and equipment suppliers.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the wireless gigabit market based on the below-mentioned segments:

Global Wireless Gigabit Market, By Product

• Display Devices
• Network Infrastructure Devices

Global Wireless Gigabit Market, By Technology

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

Global Wireless Gigabit Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa