The global wireless gigabit market size is expected to grow from USD 19 million in 2021 to USD 70 million by 2026 at a CAGR of 29.8%. The major factors driving the market growth include the various benefits offered by 60 GHz frequency band such as high speed data transfer rate, highly secure and interference free operations.
Qualcomm Inc. (US), Sivers Semiconductors AB (Sweden), Intel Corp. (US), Peraso Technologies (Canada), Tensorcom Inc. (US), STMicroelectronics (Switzerland), Broadcom Inc. (US), NXP Semiconductors (Netherlands), Advanced Micro Devices, Inc. (US), Infineon Technologies AG (Germany), and Blu Wireless (UK) are the major players operating in the wireless gigabit market. These players have adopted various growth strategies such as product launches, partnerships, and acquisitions to increase their presence in the global market.
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Qualcomm Inc. (US)
Qualcomm Inc. is engaged in developing and commercializing fundamental technologies and products used in mobile devices and other wireless products, including broadband gateway equipment, network equipment, and consumer electronics. The technologies and products offered by the company are used in computing, automotive, Internet of Things (IoT), and networking applications. Qualcomm derives its revenues primarily from the sales of integrated circuit products and licensing its intellectual property, including patents and other rights. First-mover advantage has enabled the company to maintain a steady revenue of the QCT segment. The company has a strong focus on R&D. It uses around 25% of its revenue for R&D activities to develop wireless baseband chips and converged computing/communications (Snapdragon) chipsets.
Sivers Semiconductors AB (Sweden)
Sivers Semiconductors AB is the parent company of a group comprising the wholly-owned subsidiaries Sivers Wireless AB, Sivers Photonics Ltd, and Trebax AB. The group’s operations are conducted through two primary segments: Wireless and Photonics. Its Wireless segment develops, manufactures, and sells chips, modules, components, and subsystems based on advanced 5G millimeter wave technology. This segment primarily supplies systems to manufacturers, who, in turn, deliver solutions to telecom operators.
Wireless Gigabit Market with COVID-19 impact by Product (Display Devices and Network Infrastructure Devices), Technology (SoC and IC Chips), Protocol (802.11ad and 802.11ay), End Use, and Geography - Global Forecast to 2026
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