What is Wireless Gigabit Market?
Wireless gigabit is a wireless communication systems whose data transfer speeds exceed reach or exceed one gigabit (one billion bits) per second. Also, it offers unrivaled raw speed, interference resistance, good range, high capacity networking, multi-gigabit real throughput in a handheld power envelope, and near-wire equivalent latency. Moreover, it is well-suited for a broad range of applications, from tri-band networking (2.4/5/60 GHz) to wireless storage and edge caching to wireless docking. The global wireless gigabit market is expected to witness significant growth owing to increasing requirement for improved internet connectivity and better speed.
The market study is being classified by Type (802.11ac and 802.11ad), by Application (Consumer Electronics, Networking and Commercial) and major geographies with country level break-up.
Intel Corporation (United States), Qualcomm (United States), Broadcom Corporation (United States), Panasonic Corporation (Japan), Marvell Technology Group Ltd. (Bermuda), NEC Corporation (Japan), Cisco Systems, Inc. (United States), Nvidia Corporation (United States), Samsung Electronics Co., Ltd, (South Korea) and Microsoft Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are MediaTek (Taiwan) and Azurewave Technologies, Inc. (Taiwan).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Wireless Gigabit market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wireless Gigabit market by Type, Application and Region. On the basis of Type, 802.11ac are dominating the market in the year 2020 where as 802.11ad stood as second largest market share.
On the basis of application, Consumer Electronics segment is dominating the market in the year 2020 where as Networking segment stood as second largest market.
On the basis of geography, the market of Wireless Gigabit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing need for faster data transfer worldwide
- Constant technological innovations and advancements in communication systems
- Rapid growth in handheld & portable consumer electronics
Market Trend
- Increasing penetration into emerging economies about wireless communication system
Restraints
- High manufacturing cost along with development of complex embedded wireless gigabit chipsets
Opportunities
- Asia Pacific region offers potential growth opportunities due to the presence of a large number of wireless gigabit manufacturers and their manufacturing capabilities
- Explosive growth of next generation computing devices
Challenges
- High frequency of internal alternative
The major key players have adopted various strategies such as new technology launches, partnerships, and mergers & acquisitions to supply to the needs of the market.
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Key Target Audience
Manufacturing equipment suppliers, Raw material suppliers, Wireless gigabit technology providers, Manufacturers of wireless gigabit chip, Research organizations/alliances and Government bodies and private equity firms