CHICAGO, March 16, 2021 /PRNewswire/ — According to the new market research report “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″, published by MarketsandMarkets™, the market size is projected to reach USD 70 million by 2026 from USD 19 million in 2021 at a CAGR of 29.8%. The increasing need for faster data transfer, coupled with the advantages of the 60 GHz frequency band such as unlicensed availability, high-speed data transfer rates, and highly secure and virtually interference-free operations, is expected to drive the market from 2021 to 2026. Moreover, increasing use of V-band mmWave for last-mile connectivity is expected to offer significant growth opportunities for the wireless gigabit market.
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Network infrastructure devices segment to hold the largest size of the wireless gigabit market from 2021 to 2026
The network infrastructure devices segment is expected to dominate the wireless gigabit market over the forecast period. Wireless gigabit network infrastructure devices are broadly classified into routers, adapters, backhaul stations, and docking stations. Wireless backhaul is expected to become the most viable alternative to funnel back the data to the network backbone, as there are many outdoor…