Europe Wireless Gigabit Market to Grow at a Formidable Rate through 2025
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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