According to a new report, published by KBV research, The Global Wireless Gigabit Market size is expected to reach $174.2 million by 2031, rising at a market growth of 25.8% CAGR during the forecast period.
Wireless Gigabit (WiGig) is a wireless communication technology that provides ultra-high-speed data transfer rates over short distances. WiGig operates in the 60 GHz frequency band and is based on the IEEE 802.11ad standard. This provides it with the ability to achieve speeds of up to 7 Gbps, which are considerably higher than those of conventional Wi-Fi technologies that operate in the 2.4 GHz and 5 GHz frequency bands.
The Network Infrastructure Devices segment is registering a CAGR of 25.4 % during the forecast period. This segment includes routers, gateways, access points, and small cells critical for enabling high-speed, low-latency wireless connectivity. The strong demand for these devices is primarily driven by the increasing adoption of WiGig in telecommunications infrastructure, smart cities, and enterprise networks.
The Networking segment led the Global Wireless Gigabit Market by End-use in 2023; thereby, achieving a market value of $78.5 Million by 2031. This dominance is primarily attributable to the growing demand for high-speed, resilient connectivity solutions in telecommunications and enterprise settings.
The System-on-Chip (SoC) segment is growing at a CAGR of 25.3 % during the forecast period. The overall efficacy and efficiency of devices are improved by the integration of multiple components, including processors, memory, and communication modules, into a single chip via SoC technology. SoC's ability to offer higher functionality in a smaller form factor has made it the preferred choice for manufacturers, especially in consumer electronics, where compactness and efficiency are critical.
Full Report: https://www.kbvresearch.com/wireless-gigabit-market/
The North America region dominated the Global Wireless Gigabit Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $60.3 Million by 2031. The Asia Pacific region is anticipated to grow at a CAGR of 26.4% during (2024 - 2031). Additionally, The Europe region would witness CAGR of 25.6% during (2024 - 2031).
By Product
By End-use
By Technology
By Geography
Unique Offerings 
