The Global Wireless Gigabit Market size is expected to reach $174.2 million by 2031, rising at a market growth of 25.8% CAGR during the forecast period.
Europe's emphasis on digital transformation in a variety of industries and its robust regulatory support for technological advancements further fuelled the growth of WiGig technology. In Europe, sectors like healthcare, manufacturing, and telecommunications increasingly adopt high-speed wireless solutions to improve efficiency and connectivity, further driving demand for WiGig-enabled devices. Consequently, the European region would acquire nearly 25% of the market share by 2031.
The major strategies followed by the market participants are Product launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2024, Qualcomm released the Snapdragon 4s Gen 2, designed to bring affordable 5G access to entry-level smartphones. Key features include Gigabit 5G connectivity, all-day battery life, and enhanced camera capabilities. Moreover, in August, 2023, Marvell Technology unveiled its 5nm multi-gigabit copper Ethernet PHY platform, designed to meet the high performance and energy efficiency demands of next-generation networks like Wi-Fi 7. The new technology, including the Alaska M 3610 PHY, delivers 10 Gbps speeds at half the power of previous devices, supporting advanced applications and improved enterprise network capabilities.
Market Growth Factors
The adoption of WiGig technology is significantly driven by the growing demand for high-speed internet, particularly in light of the exponential growth of the number of devices that require internet access. Furthermore, the growing number of connected devices in homes and offices is straining traditional Wi-Fi networks. Consequently, the market's expansion will be fueled by the growing demand for high-speed internet throughout the forecast period.
Devices such as smartphones, tablets, laptops, and gaming consoles increasingly incorporate WiGig to meet consumers' needs, requiring high-speed data transfer, low latency, and seamless wireless connectivity. Moreover, the consumer electronics industry, characterized by its rapid innovation cycles and constant evolution, is a key enabler of WiGig technology's expansion. Thus, the growth of WiGig in consumer electronics is propelled by the need for high-speed data transmission and the industry's rapid pace of innovation.
Market Restraining Factors
Deploying WiGig technology requires more advanced and sophisticated hardware than traditional wireless solutions like Wi-Fi. This higher cost can deter businesses, especially in sectors with tight profit margins, such as retail or consumer electronics. Hence, the high implementation costs have slowed down the broader adoption of WiGig technology.
Product Outlook
Based on product, the market is bifurcated into display devices and network infrastructure devices. The display devices segment procured 29% revenue share in the market in 2023. Display devices such as wireless docks, adapters, and VR/AR headsets leverage WiGig's ability to transmit high-quality audio and video content with minimal latency.
End-use Outlook
By end-use, the market is divided into networking, consumer electronics, and others. The consumer electronics segment garnered 33% revenue share in the market in 2023. With consumers demanding faster data transfer speeds for activities such as 4K video streaming, wireless gaming, and large file transfers, WiGig's high-speed connectivity meets these needs by providing seamless, lag-free experiences.
Technology Outlook
On the basis of technology, the market is classified into system-on-chip (SoC) and integrated circuit chip (IC chip). The integrated circuit chip (IC chip) segment recorded 37% revenue share in the wireless gigabit market in 2023. IC chips are fundamental in enabling devices to communicate on the 60 GHz frequency band used by WiGig technology.
Regional Outlook
Region-wise, the wireless gigabit market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 36% revenue share in the wireless gigabit market in 2023. The region's dominance is based on its sophisticated technological infrastructure, the high demand for high-speed connectivity among consumers, and the strong adoption of emerging technologies such as IoT, VR, and AR.
Recent Strategies Deployed in the Market
- Feb-2024: STMicroelectronics N.V. teamed up with Fibocom, a wireless communications company, to launch a smart home solution integrating ST's STM32WB55 MCU and Fibocom's FG370 5G module. This Matter-compatible solution enhances smart home device connectivity across protocols, using 5G for seamless control and improved interoperability, aiming to streamline smart home automation.
- May-2023: STMicroelectronics introduced its second-generation STM32 MPUs, featuring 64-bit Arm Cortex-A35 cores, Edge AI acceleration, advanced security, and connectivity for industrial and IoT applications. The STM32MP25 offers real-time processing, AI capabilities, 3D graphics, and secure networking.
- Feb-2023: Samsung Electronics Co., Ltd. partnered with Qualcomm Incorporated, a semiconductor manufacturing company, to launch the Galaxy S23 series, powered by the Snapdragon 8 Gen 2 Mobile Platform. This partnership brings accelerated performance, enhanced AI, advanced gaming features, and superior connectivity, showcasing both companies' commitment to premium smartphone experiences.
- Feb-2021: Qualcomm Incorporated unveiled Snapdragon X65 5G Modem-RF System, a 10 Gigabit 5G and 3GPP release 16 modem. The modem delivers faster speeds, broader coverage, and improved power efficiency. It supports future 5G features, AI antenna tuning, and advanced spectrum aggregation, targeting premium smartphones, industrial IoT, and fixed wireless access.
- Feb-2021: Qualcomm Incorporated teamed up with Bharti Airtel, an Indian telecommunications company, accelerate 5G in India. Using Qualcomm's 5G RAN platforms, Airtel would roll out virtualized and Open RAN-based 5G networks, enabling Fixed Wireless Access (FWA) for high-speed broadband and supporting Industry 4.0 innovations and last-mile connectivity solutions.
List of Key Companies Profiled
- Broadcom, Inc.
- Cisco Systems, Inc.
- Intel Corporation
- Panasonic Holdings Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- STMicroelectronics N.V.
- Marvell Technology Group Ltd.
- PERASO INC.
- Tensorcom, Inc. (NantWorks, LLC)
Global Wireless Gigabit Market Report Segmentation
By Product
- Network Infrastructure Devices
- Display Devices
By End-use
- Networking
- Consumer Electronics
- Other End-use
By Technology
- System-on-Chip (SoC)
- Integrated Circuit Chip (IC Chip)
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Wireless Gigabit Market, by Product
- 1.4.2 Global Wireless Gigabit Market, by End-use
- 1.4.3 Global Wireless Gigabit Market, by Technology
- 1.4.4 Global Wireless Gigabit Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Oct - 2024, Jul) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. Global Wireless Gigabit Market by Product
- 5.1 Global Network Infrastructure Devices Market by Region
- 5.2 Global Display Devices Market by Region
Chapter 6. Global Wireless Gigabit Market by End-use
- 6.1 Global Networking Market by Region
- 6.2 Global Consumer Electronics Market by Region
- 6.3 Global Other End-use Market by Region
Chapter 7. Global Wireless Gigabit Market by Technology
- 7.1 Global System-on-Chip (SoC) Market by Region
- 7.2 Global Integrated Circuit Chip (IC Chip) Market by Region
Chapter 8. Global Wireless Gigabit Market by Region
- 8.1 North America Wireless Gigabit Market
- 8.1.1 North America Wireless Gigabit Market by Product
- 8.1.1.1 North America Network Infrastructure Devices Market by Region
- 8.1.1.2 North America Display Devices Market by Region
- 8.1.2 North America Wireless Gigabit Market by End-use
- 8.1.2.1 North America Networking Market by Country
- 8.1.2.2 North America Consumer Electronics Market by Country
- 8.1.2.3 North America Other End-use Market by Country
- 8.1.3 North America Wireless Gigabit Market by Technology
- 8.1.3.1 North America System-on-Chip (SoC) Market by Country
- 8.1.3.2 North America Integrated Circuit Chip (IC Chip) Market by Country
- 8.1.4 North America Wireless Gigabit Market by Country
- 8.1.4.1 US Wireless Gigabit Market
- 8.1.4.1.1 US Wireless Gigabit Market by Product
- 8.1.4.1.2 US Wireless Gigabit Market by End-use
- 8.1.4.1.3 US Wireless Gigabit Market by Technology
- 8.1.4.2 Canada Wireless Gigabit Market
- 8.1.4.2.1 Canada Wireless Gigabit Market by Product
- 8.1.4.2.2 Canada Wireless Gigabit Market by End-use
- 8.1.4.2.3 Canada Wireless Gigabit Market by Technology
- 8.1.4.3 Mexico Wireless Gigabit Market
- 8.1.4.3.1 Mexico Wireless Gigabit Market by Product
- 8.1.4.3.2 Mexico Wireless Gigabit Market by End-use
- 8.1.4.3.3 Mexico Wireless Gigabit Market by Technology
- 8.1.4.4 Rest of North America Wireless Gigabit Market
- 8.1.4.4.1 Rest of North America Wireless Gigabit Market by Product
- 8.1.4.4.2 Rest of North America Wireless Gigabit Market by End-use
- 8.1.4.4.3 Rest of North America Wireless Gigabit Market by Technology
- 8.2 Europe Wireless Gigabit Market
- 8.2.1 Europe Wireless Gigabit Market by Product
- 8.2.1.1 Europe Network Infrastructure Devices Market by Country
- 8.2.1.2 Europe Display Devices Market by Country
- 8.2.2 Europe Wireless Gigabit Market by End-use
- 8.2.2.1 Europe Networking Market by Country
- 8.2.2.2 Europe Consumer Electronics Market by Country
- 8.2.2.3 Europe Other End-use Market by Country
- 8.2.3 Europe Wireless Gigabit Market by Technology
- 8.2.3.1 Europe System-on-Chip (SoC) Market by Country
- 8.2.3.2 Europe Integrated Circuit Chip (IC Chip) Market by Country
- 8.2.4 Europe Wireless Gigabit Market by Country
- 8.2.4.1 Germany Wireless Gigabit Market
- 8.2.4.1.1 Germany Wireless Gigabit Market by Product
- 8.2.4.1.2 Germany Wireless Gigabit Market by End-use
- 8.2.4.1.3 Germany Wireless Gigabit Market by Technology
- 8.2.4.2 UK Wireless Gigabit Market
- 8.2.4.2.1 UK Wireless Gigabit Market by Product
- 8.2.4.2.2 UK Wireless Gigabit Market by End-use
- 8.2.4.2.3 UK Wireless Gigabit Market by Technology
- 8.2.4.3 France Wireless Gigabit Market
- 8.2.4.3.1 France Wireless Gigabit Market by Product
- 8.2.4.3.2 France Wireless Gigabit Market by End-use
- 8.2.4.3.3 France Wireless Gigabit Market by Technology
- 8.2.4.4 Russia Wireless Gigabit Market
- 8.2.4.4.1 Russia Wireless Gigabit Market by Product
- 8.2.4.4.2 Russia Wireless Gigabit Market by End-use
- 8.2.4.4.3 Russia Wireless Gigabit Market by Technology
- 8.2.4.5 Spain Wireless Gigabit Market
- 8.2.4.5.1 Spain Wireless Gigabit Market by Product
- 8.2.4.5.2 Spain Wireless Gigabit Market by End-use
- 8.2.4.5.3 Spain Wireless Gigabit Market by Technology
- 8.2.4.6 Italy Wireless Gigabit Market
- 8.2.4.6.1 Italy Wireless Gigabit Market by Product
- 8.2.4.6.2 Italy Wireless Gigabit Market by End-use
- 8.2.4.6.3 Italy Wireless Gigabit Market by Technology
- 8.2.4.7 Rest of Europe Wireless Gigabit Market
- 8.2.4.7.1 Rest of Europe Wireless Gigabit Market by Product
- 8.2.4.7.2 Rest of Europe Wireless Gigabit Market by End-use
- 8.2.4.7.3 Rest of Europe Wireless Gigabit Market by Technology
- 8.3 Asia Pacific Wireless Gigabit Market
- 8.3.1 Asia Pacific Wireless Gigabit Market by Product
- 8.3.1.1 Asia Pacific Network Infrastructure Devices Market by Country
- 8.3.1.2 Asia Pacific Display Devices Market by Country
- 8.3.2 Asia Pacific Wireless Gigabit Market by End-use
- 8.3.2.1 Asia Pacific Networking Market by Country
- 8.3.2.2 Asia Pacific Consumer Electronics Market by Country
- 8.3.2.3 Asia Pacific Other End-use Market by Country
- 8.3.3 Asia Pacific Wireless Gigabit Market by Technology
- 8.3.3.1 Asia Pacific System-on-Chip (SoC) Market by Country
- 8.3.3.2 Asia Pacific Integrated Circuit Chip (IC Chip) Market by Country
- 8.3.4 Asia Pacific Wireless Gigabit Market by Country
- 8.3.4.1 China Wireless Gigabit Market
- 8.3.4.1.1 China Wireless Gigabit Market by Product
- 8.3.4.1.2 China Wireless Gigabit Market by End-use
- 8.3.4.1.3 China Wireless Gigabit Market by Technology
- 8.3.4.2 Japan Wireless Gigabit Market
- 8.3.4.2.1 Japan Wireless Gigabit Market by Product
- 8.3.4.2.2 Japan Wireless Gigabit Market by End-use
- 8.3.4.2.3 Japan Wireless Gigabit Market by Technology
- 8.3.4.3 India Wireless Gigabit Market
- 8.3.4.3.1 India Wireless Gigabit Market by Product
- 8.3.4.3.2 India Wireless Gigabit Market by End-use
- 8.3.4.3.3 India Wireless Gigabit Market by Technology
- 8.3.4.4 South Korea Wireless Gigabit Market
- 8.3.4.4.1 South Korea Wireless Gigabit Market by Product
- 8.3.4.4.2 South Korea Wireless Gigabit Market by End-use
- 8.3.4.4.3 South Korea Wireless Gigabit Market by Technology
- 8.3.4.5 Singapore Wireless Gigabit Market
- 8.3.4.5.1 Singapore Wireless Gigabit Market by Product
- 8.3.4.5.2 Singapore Wireless Gigabit Market by End-use
- 8.3.4.5.3 Singapore Wireless Gigabit Market by Technology
- 8.3.4.6 Malaysia Wireless Gigabit Market
- 8.3.4.6.1 Malaysia Wireless Gigabit Market by Product
- 8.3.4.6.2 Malaysia Wireless Gigabit Market by End-use
- 8.3.4.6.3 Malaysia Wireless Gigabit Market by Technology
- 8.3.4.7 Rest of Asia Pacific Wireless Gigabit Market
- 8.3.4.7.1 Rest of Asia Pacific Wireless Gigabit Market by Product
- 8.3.4.7.2 Rest of Asia Pacific Wireless Gigabit Market by End-use
- 8.3.4.7.3 Rest of Asia Pacific Wireless Gigabit Market by Technology
- 8.4 LAMEA Wireless Gigabit Market
- 8.4.1 LAMEA Wireless Gigabit Market by Product
- 8.4.1.1 LAMEA Network Infrastructure Devices Market by Country
- 8.4.1.2 LAMEA Display Devices Market by Country
- 8.4.2 LAMEA Wireless Gigabit Market by End-use
- 8.4.2.1 LAMEA Networking Market by Country
- 8.4.2.2 LAMEA Consumer Electronics Market by Country
- 8.4.2.3 LAMEA Other End-use Market by Country
- 8.4.3 LAMEA Wireless Gigabit Market by Technology
- 8.4.3.1 LAMEA System-on-Chip (SoC) Market by Country
- 8.4.3.2 LAMEA Integrated Circuit Chip (IC Chip) Market by Country
- 8.4.4 LAMEA Wireless Gigabit Market by Country
- 8.4.4.1 Brazil Wireless Gigabit Market
- 8.4.4.1.1 Brazil Wireless Gigabit Market by Product
- 8.4.4.1.2 Brazil Wireless Gigabit Market by End-use
- 8.4.4.1.3 Brazil Wireless Gigabit Market by Technology
- 8.4.4.2 Argentina Wireless Gigabit Market
- 8.4.4.2.1 Argentina Wireless Gigabit Market by Product
- 8.4.4.2.2 Argentina Wireless Gigabit Market by End-use
- 8.4.4.2.3 Argentina Wireless Gigabit Market by Technology
- 8.4.4.3 UAE Wireless Gigabit Market
- 8.4.4.3.1 UAE Wireless Gigabit Market by Product
- 8.4.4.3.2 UAE Wireless Gigabit Market by End-use
- 8.4.4.3.3 UAE Wireless Gigabit Market by Technology
- 8.4.4.4 Saudi Arabia Wireless Gigabit Market
- 8.4.4.4.1 Saudi Arabia Wireless Gigabit Market by Product
- 8.4.4.4.2 Saudi Arabia Wireless Gigabit Market by End-use
- 8.4.4.4.3 Saudi Arabia Wireless Gigabit Market by Technology
- 8.4.4.5 South Africa Wireless Gigabit Market
- 8.4.4.5.1 South Africa Wireless Gigabit Market by Product
- 8.4.4.5.2 South Africa Wireless Gigabit Market by End-use
- 8.4.4.5.3 South Africa Wireless Gigabit Market by Technology
- 8.4.4.6 Nigeria Wireless Gigabit Market
- 8.4.4.6.1 Nigeria Wireless Gigabit Market by Product
- 8.4.4.6.2 Nigeria Wireless Gigabit Market by End-use
- 8.4.4.6.3 Nigeria Wireless Gigabit Market by Technology
- 8.4.4.7 Rest of LAMEA Wireless Gigabit Market
- 8.4.4.7.1 Rest of LAMEA Wireless Gigabit Market by Product
- 8.4.4.7.2 Rest of LAMEA Wireless Gigabit Market by End-use
- 8.4.4.7.3 Rest of LAMEA Wireless Gigabit Market by Technology
Chapter 9. Company Profiles
- 9.1 Peraso Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Research & Development Expenses
- 9.2 Tensorcom, Inc. (NantWorks, LLC)
- 9.3 Broadcom, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Cisco Systems, Inc.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Panasonic Holdings Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 SWOT Analysis
- 9.6 Intel Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 SWOT Analysis
- 9.7 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Samsung Electronics Co., Ltd. (Samsung Group)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 STMicroelectronics N.V.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.5.2 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. Marvell Technology Group Ltd.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
Chapter 10. Winning Imperatives for Wireless Gigabit Market