Wireless Gigabit Market Analysis

Wireless Gigabit Market Analysis

To get key market trends

  Download Free Sample

Based on product, the market is divided into network infrastructure devices and display devices. The network infrastructure devices segment is expected to register a CAGR of over 25.2% during the forecast period.

• The network infrastructure devices segment is pivotal for establishing robust and high-speed wireless networks. As the demand for seamless connectivity escalates across industries, network infrastructure devices such as routers, access points, switches, and antennas play a crucial role in enabling gigabit-speed wireless communication. With the advent of advanced wireless communication technologies such as Wi-Fi 6 and 5G integration, there is a pressing need for these devices to keep pace with the evolving connectivity standards and support the growing number of data-intensive applications and connected devices.

   

• Furthermore, as the Internet of Things (IoT) ecosystem expands and smart home technologies become more prevalent, the significance of network infrastructure devices amplifies, catering to the connectivity requirements of a multitude of devices within homes, enterprises, and industrial environments. In essence, the network infrastructure devices segment serves as the backbone of the wireless gigabit market, facilitating the deployment of high-performance wireless networks that meet the demands of modern connectivity-driven environments.

Based on application, the market is divided into networking, consumer electronics, gaming & multimedia, and others. The gaming & multimedia segment dominated the global market with a share of over 40% in 2023.

• Gaming and multimedia represent a dynamic segment within the technology industry, characterized by the continuous evolution of hardware, software, and user experiences. In the gaming realm, the demand for immersive and high-performance gaming experiences is a primary driver. This entails not only powerful gaming consoles and PCs but also robust network infrastructure devices to support online gaming and multiplayer experiences, often requiring low latency and high-speed connectivity for seamless gameplay.

   

• According to the Mobile Video Industry Council, mobile operators expected cloud gaming to represent 25%-50% of 5G data traffic by 2022, owing to the quick progression of cloud gaming services in recent months. Over-the-top (OTT) players also have ambitious plans to become the 'Netflix for gaming,' hosting libraries of thousands of immediately accessible games that will ultimately consume three to four times the amount of bandwidth on 5G networks compared to standard definition video traffic. Such high bandwidth will require the use of WiGig in the coming future. Furthermore, in January 2023, the Razer Edge will be available in the U.S. through Verizon. The Razer Edge is powered by a Snapdragon G3x Gen 1 processor, which appears to be based on the Snapdragon 888. The 6.8" AMOLED display with 2,400 x 1,080px resolution (20:9) and 144Hz refresh rate provides it an advantage (heh) over the likes of the Steam Deck and the Nintendo Switch.

Asia Pacific dominated the global wireless gigabit market in 2023, accounting for a share of over 35%. The overall market in the Asia Pacific region is experiencing robust growth, driven by several factors. As one of the fastest-growing regions in terms of technology adoption and digital transformation, Asia Pacific is witnessing an increasing demand for high-speed wireless connectivity across various industries and applications.

Additionally, the Asia Pacific region is home to a large and growing population of tech-savvy consumers who demand high-performance wireless connectivity for gaming, streaming, and other multimedia experiences. This consumer demand is fueling investments in advanced network infrastructure devices, including routers, access points, and switches, capable of delivering gigabit-speed wireless connectivity in homes, offices, and public spaces. Furthermore, the rapid digitization of industries such as healthcare, education, retail, and manufacturing in Asia Pacific is driving the adoption of wireless gigabit solutions for applications such as telemedicine, online education, smart retail, and industrial automation.