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Wireless Gigabit Market is Emerging as most Promising Standards, which Enables High-Speed Wireless Data Sharing at Multi-Gigabit Speeds
Wireless Gigabit the WiGig market is emerging as one of the most promising standards, which enables high-speed wireless data sharing at multi-gigabit speeds. It provides several advantages including high-speed data transfer up to the speed of 7 Gbps, provides a cablefree environment, and consumes less power, thus reducing the cost to a greater extent. It not only ensures utmost security and accuracy in transferring data but also supports all three wireless frequency bands to access existing Wi-Fi devices. MarketsandMarkets forecasts the wireless gigabit market size to grow from USD 0.30 Billion in 2015 to USD 2.73 Billion by 2022, at a CAGR of 32.9% between 2016 and 2022. This growth can be attributed to rising need for higher data throughput and the explosive growth of handheld devices such as smartphones and laptops & tablets.
The key players in the wireless gigabit market include Samsung Electronics Co., Ltd. (South Korea), Qualcomm Atheors (U.S.), Intel Corporation (U.S.), Cisco Systems Ltd. (U.S.), Marvell Technology Group Ltd. (U.K.), Broadcom Corporation (U.S.), Panasonic Corporation (Japan), NEC Corporation (Japan), AzureWave Technologies (Taiwan), NVIDIA (U.S.), and MediaTek (Taiwan). These players have adopted strategies such as new product launches, partnerships, mergers & acquisitions to achieve growth in the global wireless gigabit market.
The wireless gigabit market witnessed numerous new product launches during 2012 and 2016. Qualcomm Atheros, Broadcom Corp., Intel Corp. and Marvel Technology Group Ltd. are some of the key players that adopted this strategy to grow in the wireless gigabit market. These key players have adopted the strategy of new product launches also to increase their geographical presence and expand their product portfolio in the untapped markets.
Broadcom Corp. announced the launch of its quad-core system on chips for applications such as routers & gateways, ethernet switches, and network attached storages (NAS).
Qualcomm Atheros launched the new Qualcomm Snapdragon X18 LTE modem which has the capability of supporting gigabit class LTE speeds up to 1 Gbps. The launch helped the company to increase the portfolio of it gigabit QCT business division.
Marvell launched 100 Gbps transceivers which would be a dual port complaint to the IEEE standards. The product performs all physical layer functions required to drive 100 Gbps ethernet over a variety of media including optics, backplanes, and passive copper cables.
NVIDIA launched the gigabit ethernet interface for its new line of WiGig products for the TV console industry. The development helped the company to enter into new businesses attracting more customers all over the world.
Qualcomm Atheros launched wireless gigabit solutions for mobile communications, Qualcomm Snapdragon 810, enabling applications such as 4K video streaming, peer-to-peer content sharing, networking, wireless docking, and so on.
Wireless Gigabit Market by Product (Display Devices & Network Infrastructure Devices), by Technology (System-on-Chip (SoC) & Integrated Circuit Chips (IC)), by Application and by Geography - Global Forecasts to 2022
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