The Europe Wireless Gigabit Market would witness market growth of 25.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Wireless Gigabit Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,262.5 Thousands by 2031. The UK market is exhibiting a CAGR of 24.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 26.9% during (2024 - 2031).
The AR/VR industry relies on low-latency connections to offer users seamless experiences, especially in entertainment, healthcare, and education. WiGig’s high-speed, short-range capabilities in these applications allow transmitting large volumes of data between devices (such as VR headsets and PCs or gaming consoles) without delay. At the same time, 5G ensures wider network connectivity.
The consumer electronics sector is one of the primary drivers of the market, as demand for high-speed wireless communication continues to grow with the increasing adoption of smart devices, gaming consoles, and VR/AR headsets. The demand for WiGig-enabled devices is on the rise as consumers seek more reliable and quicker wireless connectivity for applications such as online gaming, video streaming, and file sharing. Leading consumer electronics manufacturers are increasingly incorporating WiGig technology into their products to meet this demand, driving the adoption of WiGig in the consumer sector.
Italy is actively advancing its digital infrastructure, with the adoption of 5G networks playing a key role in driving WiGig demand. Italy is 1ˢᵗ in Europe regarding households having access to the 5G network (99.7%). The National Recovery and Resilience Plan (NRRP) allocates 51 billion euros for the Digital Transition. Among the specific objectives, nationwide 1 Gbit/s connectivity will be guaranteed by 2026, ahead of the EU targets for 2030. As 5G networks expand, WiGig technology is being deployed in urban areas and smart city projects, providing high-speed local wireless communication to complement broader 5G connectivity. This combination supports applications such as smart infrastructure, autonomous vehicles, and real-time data transmission, all of which rely on the ultra-fast, low-latency communication offered by WiGig. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
Free Valuable Insights: The Global Wireless Gigabit Market will Hit USD 174.2 Million by 2031, at a CAGR of 25.8%
Based on Product, the market is segmented into Network Infrastructure Devices, and Display Devices. Based on End-use, the market is segmented into Networking, Consumer Electronics, and Other End-use. Based on Technology, the market is segmented into System-on-Chip (SoC), and Integrated Circuit Chip (IC Chip). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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