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Wireless Gigabit Market
The growing demand for high-speed wireless connectivity worldwide is a prominent factor driving the wireless gigabit market.
Wireless gigabits normally provide data rates up to 7 Gbps, which is notably speedier than conventional Wi-Fi technologies.” - Polaris
market ResearchNEW YORK CITY, NY, UNITED STATES, December 16, 2024 /EINPresswire / -- The wireless gigabit market forecast for 2034 is a specialized study of the
industry with a specific concentration on the global market trend analysis.
Polaris Market Research's latest report, titled "Wireless Gigabit Market ,” 2025-2034. The report covers key success factors, market performance, risk factors, project costs and economics, expected ROI, and profit margins. The global market was valued at USD 64.88 million in 2024 and is expected to grow to USD 274.60 million by 2034 at a CAGR of 15.5% during the forecast period.
What is Wireless Gigabit?
Wireless gigabit is a contemporary wireless transmission technology homogenous to Wi-Fi, which utilizes millimeter waves for data interaction. It is subsequent to IEEE 802.11ad standard, functions at 60 GHz frequency scope, and is competent to data rates up to 5-7 Gb/sec. Wireless technologies utilizing IEEE 802.11 ad standard are also referred to as 60 GHz Wi-Fi.
Homogenous to conventional Wi-Fi framework, the extremity of gigabit wireless framework will be linked to an accelerated network connection. Unlicensed frequency scope at 60 GHz is utilized for interactions between gadgets and routers, impacting the wireless gigabit market growth favorably.
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Who Makes Wireless Gigabit?
.Peraso Technologies Inc.
.Tensorcom, Inc.
.STMicroelectronics
.Sivers Semiconductors AB
.Qualcomm Technologies, Inc.
.Blu Wireless
.Fujikura Ltd
.Tachyon Networks Inc.
.Pharrowtech
.Renesas Electronics Corporation
.indie Semiconductor
.Intel Corporation
.TP-Link Systems Inc.
.NXP Semiconductors
.Infineon Technologies AG
are some of the leading players in the wireless gigabit market. Prominent market contenders are funding massively in research and development to augment their offerings, which will boost the market in the near future. Market contenders are also venturing into an assortment of strategic activities to augment their global footprint with crucial market advancements such as inventive instigations, international partnerships, and elevated funding. Some of the latest developments in the market are:
.In July 2024, Tachyon Networks Inc., a technology developer and network service donor, initiated riveted wireless commodities dependent on Peraso 60 GHz mmWave technology to confront the growing demand for dependable broadband solutions.
.In February 2022, Pharrowtech, a firm that outlines and advances mmWave hardware and software for futuristic wireless applications.
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What's Driving Market Forward?
Surge in IoT-Linked Gadgets: The demand for IoT-linked gadgets is surging worldwide. As per issued data, the aggregate of IoT-linked gadgets is expected to advance by 2.5 times between 2021 and 2030. IoT gadgets such as smartphone machines, sensors, cameras, and wearable tech produce extensive quantities of data that are required to be conveyed over the network.
Rise in 5G Networks: 5G networks accommodate accelerated low latency association for mobile gadgets. This moves augments user anticipation for elevated wireless connectivity covering all gadgets, not specifically on 5G networks. This, in turn, is having a favorable impact on wireless gigabit market sales.
Escalating Smart Cities: Smart cities depend on a massive framework of linked gadgets and sensors to handle the framework, public services, and utilities productively. These gadgets, spanning from traffic cameras and ecological sensors to smart streetlights and public Wi-Fi hotspots, create an extensive aggregate of data.
Which Region Leads Market Growth?
North America: North America accounted for the largest wireless gigabit market share. The region's robust growth is primarily due to a progressive technological framework and elevated consumer demand for strong and dependable connectivity.
Asia Pacific: Asia Pacific is anticipated to witness significant growth from 2025 to 2034. This can be attributed to speedy urbanization, augmenting the middle-class population, and notable funding in the technological framework.
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How Is Market Segmentation Done?
By Offering Outlook
.SoC
.Module
By Protocol Outlook
.IEEE 802.11 ad
.IEEE 802.11 ay
By Channel Outlook
.57–59 GHz
.59–61 GHz
.61–63 GHz
.63–65 GHz
.Others
By Product Outlook
.Display Devices
.Network Infrastructure Devices
By End User Industry Outlook
.Telecom
.Automotive
.Consumer Electronics
.Railway
.Others
By Regional Outlook
.North America
oUS
oCanada
.Europe
oGermany
oFrance
oUK
oItaly
oSpain
oNetherlands
oRussia
oRest of Europe
.Asia Pacific
oChina
oJapan
oIndia
oMalaysia
oSouth Korea
oIndonesia
oAustralia
oRest of Asia Pacific
.Middle East & Africa
oSaudi Arabia
oUAE
oIsrael
oSouth Africa
oRest of the Middle East & Africa
.Latin America
oMexico
oBrazil
oArgentina
oRest of Latin America
Browse PMR's Wireless Gigabit Market Report Coverage from Different Publications:
Wireless Gigabit Market Size Envisaged to Reach USD 274.60 Million by 2034, Expecting 15.5% CAGR Growth
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
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