Dublin, March 31, 2021 (GLOBE NEWSWIRE) -- The "Wireless Gigabit Market with COVID-19 impact by Product (Display Devices and Network Infrastructure Devices), Technology (SoC and IC Chips), Protocol (802.11ad and 802.11ay), End Use, and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global wireless gigabit market size is estimated at USD 19 million in 2021. It is projected to reach USD 70 million by 2026; it is expected to grow at a CAGR of 29.8% from 2021 to 2026.
The increasing need for faster data transfer, coupled with the advantages of the 60 GHz frequency band such as unlicensed availability, high-speed data transfer rates, and highly secure and virtually interference-free operations, is expected to drive the market from 2021 to 2026. However, the short operating range of wireless gigabit products could challenge the adoption of this technology.
COVID-19 has affected the production capacities and financial conditions of the providers of wireless gigabit-enabled devices. The pandemic has resulted in a widespread health crisis, which is adversely affecting the financial markets and economies of countries and end-users. This is expected to lead to an economic downturn and negatively affect the wireless gigabit market in the short term.
The market for network infrastructure devices to witness high-growth potential during the forecast period
Wireless gigabit technology has gained significant importance over the past few years, especially for network infrastructure devices. The market for network infrastructure devices is projected to grow at the highest CAGR from 2021 to 2026. Market players such as Netgear, IgniteNet, Ubiquiti Inc., Siklu, and Aruba are offering 60 GHz wireless network infrastructure devices and solutions to grow their client base and business. The need for devices with high data throughput is likely to drive the wireless gigabit market for the network infrastructure devices segment during the forecast period.
The wireless gigabit market in networking end-use to grow at the highest CAGR during the forecast period
The market for the networking segment is expected to witness considerable growth during the forecast period. The major reason for this trend is the use of wireless gigabit technology for small cell backhaul applications. The emergence of 60 GHz FWA solutions is expected to eliminate the need for fiber deployments, especially in areas where infrastructure is poor. The rising demand for fiber-grade connectivity globally is expected to create demand for cost-effective FWA infrastructures.
North America to be the largest market for wireless gigabit during the forecast period
North America is one of the leading markets for 60 GHz technology in terms of R&D, network design/development, and the presence of key market players. Many areas in the region lack access to broadband internet. The 60 GHz mmWave technology holds considerable potential and is expected to be used to provide fixed broadband wireless solutions in the region. This is expected to drive the wireless gigabit market in the region.
The COVID-19 pandemic has significantly disrupted the global supply chains, resulting in the slow growth of various display devices such as AR/VR headsets and smartphones. However, in North America, the pandemic has not shifted the outlook for FWA solutions significantly. The pandemic has created a demand for replacing the capacity lost in damaged networks and establishing new broadband connections to locations such as temporary hospitals in large convention centers and field hospitals in parks.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Global Wireless Gigabit Market
4.2 Wireless Gigabit Market, by Product
4.3 Wireless Gigabit Market, by End Use
4.4 Wireless Gigabit Market, by Protocol
4.5 Wireless Gigabit Market, by Country
5 Market Overview
5.2 Market Dynamics
18.104.22.168 Benefits of 60 GHz Frequency Band
22.214.171.124 Need for Faster Data Transfer
126.96.36.199 Increasing Chipset Manufacturing Costs with Development of Complex Embedded Wigig Chipsets
188.8.131.52 Rapid Growth of Next-Generation Computing Devices
184.108.40.206 Use of V-Band Mmwave for Last-Mile Connectivity
220.127.116.11 Short Operating Range of Wireless Gigabit Products
5.3 Value Chain Analysis
5.5 Porter's Five Forces Analysis
5.5.1 Threat of New Entrants
5.5.2 Threat of Substitutes
5.5.3 Bargaining Power of Suppliers
5.5.4 Bargaining Power of Buyers
5.5.5 Intensity of Competitive Rivalry
5.6 Case Studies
5.6.1 Pro-Data Service Installed 60 GHz Wireless Radio
5.6.2 Ccs Provides An Ultra-Fast Fwa in Broadband in Soho (London)
5.7 Technology Trends
5.7.1 Virtual Reality
5.7.2 Wireless Networking
5.7.3 Fixed Wireless Access
5.8 Pricing Analysis
5.9 Trade Analysis
5.10 Patent Analysis
5.11 Market Regulations
6 Wireless Gigabit Market, by Product
6.2 Display Devices
18.104.22.168 Smartphones Segment is Projected to Dominate Wigig-Enabled Display Devices Market During Forecast Period
6.2.2 Laptops & Tablets
22.214.171.124 Wireless Gigabit Technology Failed to Witness Adoption in Mass-Market Laptops and Tablets
126.96.36.199 High Bandwidth, Low Latency, and Resistance to Interference Provided by 60 Ghz Wireless Connection Are Expected to be Beneficial for Vr Entertainment Systems
6.3 Network Infrastructure Devices
6.3.1 Routers & Access Points
188.8.131.52 802.11Ad Routers Are Expected to Support Older Standards to Achieve Long-Range Wireless Connectivity
184.108.40.206 Demand for High-Throughput Services Such as High-Resolution 4K Video Streaming, Wireless Docking, Virtual Reality, and Cloud Backup is Expected to Drive Wireless Gigabit-Enabled Adapters Market
6.3.3 Backhaul Stations
220.127.116.11 60 GHz is Likely to Become An Ideal Solution for 4G/5G Small Cell Backhaul Links Due to Cost-Effectiveness
6.3.4 Docking Stations
18.104.22.168 Docking Stations Are Likely to Help Transform Laptops and Other Mobile Devices into Fully Functional Workstations
7 Wireless Gigabit Market, by End Use
7.2 Consumer Electronics
7.2.1 Wigig Technology Has Limited Applications in Consumer Electronics
7.3.1 60 GHz Technology is Expected to Gain Widespread Momentum in Networking Applications During Forecast Period
7.4.1 Wireless Gigabit Technology Can Offer Flexible Connectivity Between Devices and Peripherals in Offices, Classrooms, and Conference Rooms
8 Wireless Gigabit Market, by Protocol
8.2 Ieee 802.11Ad
8.2.1 802.11Ad Offers Advantages Such as High Data Rates, Low Latency, High Capacity, and Better Battery Efficiency
8.3.1 Improved Transmission Rate and Distance Offered by 802.11Ay Are Expected to Improve Performance of Wireless Gigabit Devices
9 Wireless Gigabit Market, by Technology
9.2 System on Chip (Soc)
9.2.1 Soc Technology is Being Increasingly Used to Reduce Power Consumption and Improve Overall Performance of Wireless Devices
9.2.2 Wigig Socs for Smartphones
22.214.171.124 Benefits Associated with Soc Have Driven Their Adoption in Smartphones
9.2.3 Wigig Socs for Adapters
126.96.36.199 Soc Adapters Have Significant Potential and Are Expected to Provide Growth Opportunities to Market Players
9.2.4 Wigig Soc for Backhaul Stations
188.8.131.52 60 GHz Frequency Band is Viewed as a Primary Technology of Choice for Small Cell Backhaul
9.3 Integrated Circuit Chip (Ic Chip)
9.3.1 Majority of Gigabit Ic Manufacturers Are Tapping Ieee 802.11Ad Market Due to Increasing Need for High-Speed Communications
10 Geographic Analysis
10.2 North America
10.2.1.1 US to Drive Wireless Gigabit Market in North America
10.2.2.1 Canada Holds Significant Opportunities for Wireless Gigabit Market Growth in North America
10.2.3.1 Wireless Gigabit Market in Mexico to Grow at a Slower Pace Than in US and Canada
10.3.1.1 UK is Anticipated to Dominate Wireless Gigabit Market in Europe
10.3.2.1 Germany is An Attractive Market for Wireless Gigabit Products
10.3.3.1 France is One of the Fastest-Growing Markets for Wireless Gigabit in Europe
10.3.4 Rest of Europe
10.4.1.1 China is the Largest Market for Wireless Gigabit Globally
10.4.2.1 Availability of Unlicensed 60 GHz Band in Japan Will Support Market Growth
10.4.3 South Korea
10.4.3.1 Extensive Research Activities and Strong Semiconductor and Electronics Cluster Are Likely to Drive Wireless Gigabit Market
10.4.4 Rest of APAC
10.4.4.1 60 GHz Wireless Can Potentially Reduce Costs and Speed Up 5G Small Cells Deployment
10.5 Rest of the World (Row)
10.5.1 Middle East and Africa
10.5.2 South America
11 Competitive Landscape
11.2 Revenue Analysis of Top 3 Companies
11.3 Market Share Analysis, 2020
11.4 Company Evaluation Matrix
11.4.3 Emerging Leader
11.5 Small and Medium-Sized Enterprises (SME) Evaluation Quadrant, 2020
11.5.1 Progressive Companies
11.5.2 Responsive Companies
11.5.3 Dynamic Companies
11.5.4 Starting Blocks
11.6 Wireless Gigabit Market: Company Footprint
11.7 Competitive Situations and Trends
12 Company Profiles
12.1 Key Players
12.1.1 Qualcomm Incorporated
12.1.2 Sivers Semiconductors AB
12.1.3 Intel Corporation
12.1.4 Peraso Technologies Inc.
12.1.5 Tensorcom Inc.
12.1.7 Broadcom Inc.
12.1.8 NXP Semiconductors
12.1.9 Advanced Micro Devices, Inc.
12.1.10 Infineon Technologies Ag
12.1.11 Blu Wireless
12.2 Other Key Players
12.2.1 Netgear, Inc.
12.2.2 Ubiquiti Inc.
12.2.3 Siklu Communication Ltd.
12.2.4 Samsung Electronics Co. Ltd.
12.2.5 Socionext Inc.
12.2.6 Hisilicon (Shanghai) Technologies Co. Ltd.
12.2.7 Asustek Computer Inc.
12.2.11 Lightpointe Communications, Inc.
12.2.12 Pasternack Enterprises Inc
12.2.14 Cambridge Communication Systems
12.2.15 Wireless Excellence Limited
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
For more information about this report visit https://www.researchandmarkets.com/r/e6ozh5
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