The Latin America, Middle East and Africa Wireless Gigabit Market would witness market growth of 27.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Wireless Gigabit Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,223.9 Thousands by 2031. The Argentina market is showcasing a CAGR of 28.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 27.4% during (2024 - 2031).
WiGig is also expected to be crucial in industrial automation and manufacturing. As industries continue to adopt smart manufacturing practices, there is a growing need for high-speed wireless communication to support real-time data transmission and low-latency connectivity between machines, sensors, and control systems.
WiGig’s ability to deliver ultra-fast data transfer in confined spaces makes it ideal for use in factories and production lines, where large amounts of data must be transmitted quickly to ensure efficient operations. The adoption of WiGig in industrial settings is further supported by the rise of the Internet of Things (IoT), which drives the need for reliable wireless communication between connected devices in industrial environments.
In Brazil, the growing adoption of cloud-based services creates a fertile environment for wireless gigabit technology. The COVID-19 pandemic accelerated the shift to cloud platforms, with businesses increasingly reliant on cloud computing for data storage, remote collaboration, and digital transformation. The Brazilian government’s push towards digital infrastructure improvements as part of its “Brasil 5.0” initiative has further boosted this trend. As reported by the Brazilian Internet Steering Committee (CGI.br), Brazil has seen a steep rise in cloud service usage in recent years, necessitating the integration of high-speed WiGig solutions to meet the increasing demand for fast and seamless data transfer. According to the International Trade Administration, the cloud is a key element in Brazil’s IT infrastructure. In 2023, spending on Infrastructure as a Service (IaaS) plus Platform as a Service (PaaS) solutions will exceed US$4.5b, growing 41% from 2022. Therefore, as more countries in LAMEA recognize the importance of next-generation connectivity, the demand for WiGig technology will accelerate in the coming years.
Free Valuable Insights: The Worldwide Wireless Gigabit Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product
By End-use
By Technology
By Country
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