Wireless Gigabit Market to Soar at 32.9% CAGR to 2022 Led by Display Device Segment

The wireless gigabit market is estimated to grow from $0.30 billion in 2015 to $2.73 billion by 2022, at a CAGR of 32.9% between 2016 and 2022 driven by rising growth of handheld devices and the need for faster data sharing/transfer among those devices.

Display device-based wireless gigabit products to gain maximum traction during the forecast period. The display devices product segment is likely to hold the largest market share during the forecast period. In addition, due to the rise in demand for products such as televisions, laptops & tablets, and smartphones, the market is expected to gain traction and grow at the highest CAGR in the next seven years.

Complete report on wireless gigabit market spread across 160 pages, profiling 10 companies and supported with 73 tables and 71 figures is now available at http://www.reportsnreports.com/reports/198341-wireless-gigabit-wigig-60-ghz-80211ad-7gbps-next-gen-wi-fi-global-advancements-emerging-applications-business-models-technology-roadmap-market-forecasts-analysis-2014-2018-.html .

The smartphones have shown explosive growth across geographies driving the wireless gigabit market. Smartphone by usage is specified to support wireless connectivity. This has driven the need for the integration of wireless chipsets complementing the cellular connectivity. This increased demand for connectivity and the need for higher data speeds have been pushing the industry to adopt more advanced technologies such as IEEE 802.11ad standards to be integrated into smartphones.

The wireless gigabit market is also estimated to witness growth in the consumer application, accounting for the largest market share during the forecast period. The growth of the handheld products such as smartphones and laptops would drive the wireless gigabit market in the near future.

The demand for more compact and easy-to-carry devices has certainly boosted the market for SoC--based products. The smartphones market picked up the momentum in the WiGig market for SoC-based products and accommodated the needs of users. The price of WiGig-based SoCs has turned down significantly and is one of the major factors driving the global WiGig SoC market. On the other hand, the market for adapters and backhaul stations has recorded a substantial market size between 2016 and 2022.

The key WiGig vendors profiled in the report such as Qualcomm Atheros, Intel Corporation, Cisco Systems Co., Ltd., Samsung Electronics Co., Ltd., Broadcom Corporation, Panasonic Corporation, NEC Corporation, NVIDIA, Marvell Technology Group Ltd. and MediaTek. Inquire for the discount before order a copy of 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 research report available at http://www.reportsnreports.com/contacts/discount.aspx?name=198341 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (45%), Tier 2 (22%) and Tier 3 (33%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (55%), Directors (15%) and others (30%) from various key organizations operating in the wireless gigabit market. The primary interviews were conducted worldwide covering regions such as North America (50%), Europe (30%), APAC (15%), and RoW (5%).

On a related note, another research titled Home Energy Management System Market Global Forecast to 2022 says, the global market for HEMS is expected to grow at a CAGR of 18.36% between 2016 and 2022 from USD 864.2 million in 2015 to USD 3.15 billion by 2022. ZigBee technology is expected to grow at the highest rate in the HEMS market. North America accounted for the largest share of the global HEMS market in 2015. Companies like Honeywell International, Inc. (U.S.), Nest Labs, Inc. (U.S.), Ecobee (Canada), General Electric Company (U.S.), Energy Hub, Inc. (U.S.), Vivint, Inc. (U.S.), Panasonic Corporation (Japan), Alarm.com (U.S.), Ecofactor (U.S.), and Comcast Cable (Xfinity, U.S.) have been profiled in this 130 pages research report available at http://www.rnrmarketresearch.com/home-energy-management-system-market-by-hardware-control-device-display-communication-device-by-communication-technology-z-wave-zigbee-wi-fi-and-by-software-service-behavioral-proactive-global-forecast-to-2022-market-report.html .

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