Wireless Gigabit Market Size Worth USD 274.60 Million by 2034 | CAGR: 15.5%

The global wireless gigabit market size is expected to reach USD 274.60 million by 2034, according to a new study by Polaris Market Research. The report “Wireless Gigabit Market Size, Share, Trends, Industry Analysis Report: By Offering (SoC and Module), Protocol, Channel, Product, End-User Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The wireless gigabit market is being driven by the expansion of smart cities. The efficiency of infrastructure, public services, and utilities in smart cities is heavily dependent on an extensive network of interconnected devices and sensors. A wide variety of smart devices, such as traffic cameras, environmental sensors, smart streetlights, and public Wi-Fi hotspots, are used in smart cities. Such devices generate large volumes of data for which high-speed connectivity is needed to effectively manage this data traffic. As wireless gigabit technology provides faster connectivity, its demand is growing due to rising smart city initiatives.

The increasing adoption of IoT-connected devices across the world is projected to expand the wireless gigabit market. Smart home appliances, wearable technology, sensors, cameras, and other Internet of Things (IoT) devices produce a lot of data that needs to be shared over the network. With its faster data transfer speeds, wireless gigabit technology aids in effectively managing this inflow of data. Therefore, the market is being driven by the growing demand for IoT-connected devices.

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The growing demand for high-speed wireless connectivity fuels the wireless gigabit market. The introduction of wireless gigabit standards such as Wi-Fi 6 and Wi-Fi 6E brings notable enhancements in performance compared to earlier versions. These improvements encompass faster speeds, reduced latency, and improved management of numerous connections, effectively catering to the growing need for quick and dependable wireless connectivity.

Wireless Gigabit Market Report Highlights

• By offering, the module segment dominated the wireless gigabit market in 2024 and is expected to experience substantial growth during the forecast period due to the increasing demand for modular solutions that offer flexibility and ease of integration into various devices and systems.
• Based on product, the network infrastructure devices segment accounted for a major market share in 2024 owing to the widespread deployment of advanced networking equipment, including routers, access points, and switches.  
• In the global market, North America holds the largest revenue share due to the high consumer demand for robust and reliable connectivity and advanced technological infrastructure.
• A few global key market players are Peraso Technologies Inc.; Tensorcom, Inc.; STMicroelectronics; Sivers Semiconductors AB; Qualcomm Technologies, Inc.; Blu Wireless; Fujikura Ltd.; DigiKey; Pharrowtech; Renesas Electronics Corporation; indie Semiconductor; Intel Corporation; Broadcom; NXP Semiconductors; and Infineon Technologies AG.

Polaris Market Research has segmented the wireless gigabit market report on the basis of offering, protocol, channel, product, end-user industry, and region:

By Offering Outlook (Revenue – USD Million, 2020–2034)

• SoC
• Module

By Protocol Outlook (Revenue – USD Million, 2020–2034)

• IEEE 802.11 ad
• IEEE 802.11 ay

By Channel Outlook (Revenue – USD Million, 2020–2034)

• 57–59 GHz
• 59–61 GHz
• 61–63 GHz
• 63–65 GHz
• Others

By Product Outlook (Revenue – USD Million, 2020–2034)

• Display Devices
• Network Infrastructure Devices

By End-User Industry Outlook (Revenue – USD Million, 2020–2034)

• Telecom
• Automotive
• Consumer Electronics
• Railway
• Others

By Regional Outlook (Revenue – USD Million, 2020–2034)

• North America

• US
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of MEA