Wireless Gigabit Market worth $138.8 million by 2029 - Exclusive Report by MarketsandMarkets™

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199 – Tables
60 – Figures
283 – Pages

Wireless Gigabit Market Report Scope:

The Wireless gigabit module market will hold the highest CAGR during the forecast period.

The module in the wireless gigabit market is expected to hold the highest CAGR during the forecast period. This growth is attributed to the growing need for high-performance computing in consumer electronics such as smartphones, laptops, and AR/VR devices that require high-speed wireless connectivity to support faster data processing and communication. Additionally, the development of cost-effective manufacturing processes for WiGig-enabled modules, including advancements in semiconductor fabrication, is making these components more accessible and driving market growth.

The Wireless gigabit market for network infrastructure devices to hold the highest CAGR during the forecast period.

The wireless gigabit market for network infrastructure devices is expected to hold the highest CAGR during the forecast period. This growth is driven by the rapid urbanization and expansion of the smart home ecosystem, where connected devices must communicate wirelessly with network devices. WiGig technology allows multiple devices to connect to a single network device with interference, driving its adoption in households and offices with multiple users. Additionally, the increasing preference for cable-free environments, especially in modern homes and offices, is driving the adoption of WiGig-enabled network infrastructure devices.

The wireless gigabit market for telecom end users is expected to hold the highest CAGR during the forecast period.

The wireless gigabit market for telecom end-users will hold the highest CAGR during the forecast period. This growth is attributed to WiGig's ability to support high-speed wireless access for residential and commercial broadband services, meeting the demand for fast and reliable connections. Additionally, wireless gigabit offers cost-effective solutions for high-speed internet connectivity, eliminating the need for expensive fiber optics cables and infrastructure. Also, the demand for high bandwidth services such as cloud computing and IoT applications drives the WiGig market for telecom.

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The Wireless gigabit market for North America to hold the highest CAGR during the forecast period.

The Wireless gigabit industry in the Asia Pacific region is expected to hold the highest CAGR during the forecast period. Rapid innovation in enterprise networking for high-speed wireless backhaul and network infrastructure solutions drives the market demand in the region. Additionally, the government in the region has launched various policies promoting the adoption of advanced wireless connectivity technologies. Also, the rising popularity of online gaming, which requires low-latency connections, drives market growth.

Key Players

The Wireless gigabit Companies includes significant Tier I and II players like Peraso Technologies Inc. (US), Tensorcom, Inc. (US), Sivers Semiconductors AB (Sweden), STMicroelectronics (Switzerland), Qualcomm (US), and others. These players have a strong market presence for Wireless gigabit across various North America, Europe, Asia Pacific, and RoW countries.

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