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Wireless gigabit market to be worth US$2.73B by 2022

June 10, 2016  

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The wireless gigabit market will be worth US$2.73 billion by 2022, at a CAGR of 32.9% during the forecast period, according to a new study available from ASDReports. According to its authors, 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.

“The smartphones have shown explosive growth across geographies driving the wireless gigabit market. Smartphone by usage is specified to support wireless connectivity. This has driven the need for the integration of wireless chipsets complementing the cellular connectivity. This increased demand for connectivity and the need for higher data speeds have been pushing the industry to adopt more advanced technologies such as IEEE 802.11ad standards to be integrated into smartphones.

“System-on-chip (SoC- based WiGig products) play a key role in the wireless gigabit market. The demand for more compact and easy-to-carry devices has certainly boosted the market for SoC — based products. The smartphones market picked up the momentum in the WiGig market for SoC-based products and accommodated the needs of users. The price of WiGig-based SoCs has turned down significantly and is one of the major factors driving the global WiGig SoC market. On the other hand, the market for adapters and backhaul stations has recorded a substantial market size between 2016 and 2022.”

Further information is available