The APAC region is expected to hold the highest market share and dominate the wireless gigabit market during the forecast period due to the presence of a large number of WiGig manufacturers and their manufacturing capabilities. APAC offers potential growth opportunities.
Pune, India -- (SBWIRE) -- 09/16/2016 -- The display device segment of WiGig products is expected to play a key role in the wireless gigabit market, and the market for the same is expected to grow at the highest rate between 2016 and 2022.
The wireless gigabit market is estimated to grow from USD 0.30 Billion in 2015 to USD 2.73 Billion by 2022, at a CAGR of 32.9% during the forecast period. The wireless gigabit technology has the capability to transfer information/data among devices or over the web with a greater speed. The growing market for these WiGig products is expected to present several opportunities for stakeholders over the coming years.
Browse 73 market data tables with 71 figures spread through 160 pages and in-depth TOC on "Wireless Gigabit Market - Global Forecasts to 2022"
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Wireless gigabit has its applications in a wide range of products including smartphones, televisions, laptops & tablets, projectors, digital cameras, camcorders, routers, adapters, backhaul stations, set-top boxes, and network transmitters. Some of the network infrastructure of WiGig products such as adapters and network transmitters are not yet commercialized till 2015 & 2016. The global wireless gigabit market is estimated to grow from USD 0.30 billion in 2015 to USD 2.73 billion by 2022, at a CAGR of 32.9% between 2016 and 2022.
The product market is dominated by the display devices segment in the global wireless gigabit market. The major growth is attributed towards the explosive rise in the smartphones, televisions, and laptops & tablets from the past few years.
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Furthermore, the consumer application led the global WiGig market in 2015, and the same trend is expected to continue during the forecast period. The growth in the application segment is majorly due to the rise in the popularity of connected homes wherein the consumer can transfer videos between all the devices wirelessly. Devices such as laptops, smartphones, tablets which are using WiGig chips are gaining good traction in the current market. Another driver for the said market is the need for higher data throughput where a user can transfer or receive huge chunks of data within minutes.
The development of WiGig chips for wireless docking by Wilocity (now part of Qualcomm Atheros) in 2013 was the first docking station and changed the face of networking industry. By the end of 2013, Wilocity alone launched its 1 millionth WiGig chip for a wide range of applications. This development led to many advancements in this field by great giants such as Intel Corp., Cisco Systems Ltd., and so on.
The major players in providing WiGig solutions for smartphones industry are Samsung and Qualcomm Atheros. Smartphones have gained immense popularity in the APAC region with their wide functionalities. Emerging countries in APAC such as China and South Korea create a huge demand with the development of low-cost devices.
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