Growing need for better internet connectivity and improved speed to drive the growth of Europe wireless gigabit market.
According to TechSci Research report, “Europe Wireless Gigabit Market By Product (Display Devices & Network Infrastructure Devices), By Technology (System-on-Chip (SoC) & Integrated Circuit Chips (IC)), By Application (Consumer Electronics, Networking, Commercial), By End User Industry (BFSI, IT & Telecom, Retail, Healthcare, Others), By Country, Forecast & Opportunities, 2025”, the Europe wireless gigabit market is expected to grow at a formidable rate during the forecast period owing to the rising popularity of cloud storage solution owing to their cost-effective nature. Additionally, increasing adoption of BYOD devices across enterprises is further expected to propel the market during forecast period. Furthermore, growing popularity of cloud based solutions is further expected to foster the growth of market over the next few years. Also, the advantages such as faster communication and rapid data transmission associated with wireless gigabit technology are driving the growth of market. However, growing manufacturing cost with development of complexly embedded gigabit chipsets, rising cost of IPAM, among others can hamper the growth of market during forecast period. Additionally, one of the key challenges faced by the wireless gigabit market is the high frequency of internal substitution. Furthermore, on account of the short operating range of wireless gigabit products, the demand for wireless gigabit market is expected to reduce during the forecast period.
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The Europe wireless gigabit market is segmented based on product, technology, application, end user industry, company and regional distribution. Based on technology, the market can be bifurcated into system-on-chip (SoC) and integrated circuit chips (IC). The system-on-chip (SoC) segment is expected to dominate the market during forecast period. This can be ascribed to the growing demand for lighter, thinner, and smaller consumer products. Furthermore, devices such as smartphones, adaptors, tablets, among others are based on SoC technology. Based on application, the market can be categorized into consumer electronics, networking and commercial. The consumer electronics segment is expected to hold significant market share during forecast period owing to the increasing proliferation of consumer devices such as smartphones, tablets, and laptops. The increasing use of these devices has led to network congestion issues thereby making several network operators to move their dual-band services to operate using the 5GHz spectrum thereby driving the market.
Intel Corporation, Cisco Systems Ltd, NEC Corporation, Panasonic Corporation, Marvell Technology Group Ltd., NVIDIA Europe, Samsung Electronics Europe, Qualcomm Atheors Inc., Broadcom Europe Ltd, MediaTek and others are some of the leading players operating in Europe wireless gigabit market. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in September 2019, Marvell Technology Group Ltd. announced the launch of ultra-low latency, high-port-count automotive switches with multi-gigabit routing throughput capabilities. These multi-gigabit ethernet switches have been designed to address the increasing risk of cybercrime targeted toward the automotive industry.
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“Europe wireless gigabit market is expected to witness robust growth during the forecast period, owing to the increasing adoption of different wireless communication standards. Additionally, presence of many WiGig manufacturers and their manufacturing capabilities further propel the market in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Europe Wireless Gigabit Market By Product (Display Devices & Network Infrastructure Devices), By Technology (System-on-Chip (SoC) & Integrated Circuit Chips (IC)), By Application (Consumer Electronics, Networking, Commercial), By End User Industry (BFSI, IT & Telecom, Retail, Healthcare, Others), By Country, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe wireless gigabit market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe wireless gigabit market.
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