Gigabit Wi-Fi Access Points Market Size, Share, Growth, and Industry Analysis, By Type(Single Band, Double Band), By Application (Household, Commercial, Others), Regional Insights and Forecast to 2031

Updated On: 06 May 2024

GIGABIT Wi- Fi ACCESS POINTS MARKET REPORT OVERVIEW

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The global gigabit Wi- Fi accesss market size was USD 813 million in 2021 and the market is projected to touch USD 3206 million by 2028, exhibiting a CAGR of 21.3% during the forecast period.

The gigabit Wi-Fi access market is experiencing rapid growth driven by increasing demand for high-speed wireless connectivity. With the proliferation of bandwidth-intensive applications like streaming, gaming, and IoT devices, consumers and businesses alike seek robust wireless networks capable of delivering gigabit speeds. Key players in this market include technology giants such as Cisco, Huawei, and Aruba Networks, along with numerous startups innovating in hardware, software, and network optimization solutions. The market is characterized by fierce competition, driving continuous advancements in Wi-Fi standards like 802.11ax (Wi-Fi 6) and 802.11be (Wi-Fi 7), as well as the adoption of technologies like Multi-User Multiple Input, Multiple Output (MU-MIMO) and beamforming. Additionally, the deployment of gigabit Wi-Fi access points in public spaces, educational institutions, healthcare facilities, and smart cities further expands the market potential, promising faster, more reliable wireless connectivity for users worldwide.

COVID19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID19 pandemic has been unprecedented and staggering, with the market experiencing lower than anticipated demand across all regions compared to pre pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre pandemic levels.

The COVID-19 pandemic has significantly impacted the gigabit Wi-Fi access market growth. With remote work, online learning, and virtual interactions becoming the norm, there has been a surge in demand for high-speed wireless connectivity. This has accelerated the adoption of gigabit Wi-Fi solutions to support the increased bandwidth requirements of remote activities. However, supply chain disruptions and economic uncertainties have also posed challenges for market players, leading to delays in product launches and installations. Despite these challenges, the market has shown resilience, with innovations in remote management tools and cloud-based solutions enabling businesses to adapt to the new normal of remote operations.

LATEST TREND

"Cloud-Managed Wi-Fi Solutions"

A prominent trend in the gigabit Wi-Fi access market share is the widespread adoption of cloud-managed Wi-Fi solutions. This approach enables centralized management and monitoring of wireless networks through cloud-based platforms, offering greater flexibility, scalability, and ease of deployment. Organizations can remotely configure, troubleshoot, and update access points, reducing the need for on-site IT support and lowering operational costs. Moreover, cloud-managed solutions facilitate seamless integration with other cloud-based services and applications, enhancing network security, performance, and overall user experience. As businesses increasingly prioritize agility and efficiency in their IT infrastructure, cloud-managed Wi-Fi solutions emerge as a pivotal trend driving innovation and growth in the market.

GIGABIT Wi- Fi ACCESS POINTS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Single Band, Double Band.

Single Band: Operates on one frequency band, typically 2.4GHz, offering wider coverage but slower speeds and more susceptibility to interference.

Dual Band: Operates on two frequency bands, 2.4GHz and 5GHz, providing faster speeds, less interference, and better performance for modern devices.

• By Application

Based on application the global market can be categorized into Household, Commercial, Others

Household: Wi-Fi networks designed for residential use, catering to typical internet activities like browsing, streaming, and smart home devices.

Commercial: Wi-Fi networks tailored for business environments, offering higher performance, scalability, security features, and support for diverse user needs.

Others: Specialized Wi-Fi deployments for specific sectors like industrial, outdoor, or public Wi-Fi, addressing unique requirements such as ruggedness or high-density connectivity.

DRIVING FACTOR

"Bandwidth Demand Expansion Driving The Market"

The exponential growth in bandwidth demand, fueled by streaming services, cloud computing, and IoT devices, is a significant driving factor in the gigabit Wi-Fi access market. Consumers and businesses alike require faster and more reliable wireless connectivity to accommodate data-heavy applications and support multiple devices simultaneously. This demand expansion necessitates the adoption of gigabit Wi-Fi solutions capable of delivering ultra-fast speeds and seamless connectivity, driving investments in advanced technologies and infrastructure upgrades to meet evolving user expectations.

"Technology Advancements A Driving Factor"

Continuous advancements in Wi-Fi technology, including the development of new standards like Wi-Fi 6 and Wi-Fi 7, drive innovation and growth in the gigabit Wi-Fi access market. These advancements promise higher data rates, lower latency, improved spectral efficiency, and better performance in congested environments. Additionally, innovations in hardware, software, and network optimization techniques enhance the capabilities of gigabit Wi-Fi access points, enabling more efficient spectrum utilization, increased coverage etc.

RESTRAINING FACTORS

"Infrastructure Limitations Acting As A Hindrance"

One significant restraining factor in the gigabit Wi-Fi access market is infrastructure limitations, particularly in regions with outdated or inadequate network infrastructure. While gigabit Wi-Fi technology offers high-speed wireless connectivity, its effectiveness is limited by the underlying wired infrastructure, such as outdated Ethernet cables or insufficient fiber optic networks. Inadequate infrastructure can bottleneck the performance of gigabit Wi-Fi networks, preventing users from realizing their full potential and leading to suboptimal user experiences.

GIGABIT Wi- Fi ACCESS POINTS MARKET REGIONAL INSIGHTS

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"North America Region Dominating the Market due to Presence of a Large Consumer Base"

"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and middle East & Africa."

North America, particularly the United States, has been a major player in the adoption of advanced wireless technologies, driven by strong demand for high-speed internet connectivity in residential, commercial, and public spaces. The region is home to many leading technology companies and has been at the forefront of deploying gigabit Wi-Fi solutions in various sectors.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Key industry players such as Cisco, Huawei, Aruba Networks, and Qualcomm are shaping the gigabit Wi-Fi access market through relentless innovation and strategic market expansion initiatives. These companies continually push the boundaries of Wi-Fi technology, introducing advancements in hardware, software, and network optimization solutions to meet the escalating demand for high-speed wireless connectivity. Leveraging their extensive expertise and global presence, these industry leaders drive market growth by forging partnerships, developing tailored solutions for diverse sectors, and spearheading initiatives to enhance Wi-Fi performance, security, and reliability, thus playing a pivotal role in shaping the future of wireless networking.

List of Market Players Profiled

• Aruba Networks: (U.S.)

• Cisco: (U.S.)

• Belkin: (U.S.)

• Aerohive: (U.S.)

• Hewlett-Packard: (U.S.)

• NETGEAR: (U.S.)

• Zebra: (U.S.)

• D-Link Systems, Inc.: (Taiwan)

• Ubiquiti Networks, Inc.: (U.S.)

• RUCKUS WIRELESS, INC: (U.S.)

• Proxim Wireless Corporation: (U.S.)

• Xirrus: (U.S.)

• Sophos Ltd: (United Kingdom)

• Fortinet, Inc.: (U.S.)

INDUSTRIAL DEVELOPMENT

The gigabit Wi-Fi access market has witnessed significant industrial development characterized by robust infrastructure deployments, technological advancements, and innovative solutions tailored to industrial needs. Industries such as manufacturing, logistics, healthcare, and transportation are increasingly relying on gigabit Wi-Fi networks to enable real-time data transmission, enhance operational efficiency, and support emerging technologies like IoT and automation. Industrial-grade Wi-Fi access points, ruggedized for harsh environments, are deployed to ensure reliable connectivity in factories, warehouses, and outdoor facilities.

REPORT COVERAGE

The gigabit Wi-Fi access market stands at the forefront of technological innovation and market expansion, driven by escalating demand for high-speed wireless connectivity across residential, commercial, and industrial sectors. Key industry players, including Aruba, Cisco, and Ubiquiti Networks, continue to spearhead advancements in hardware, software, and network optimization, catering to evolving user expectations and industry demands. The proliferation of bandwidth-intensive applications, coupled with the advent of new wireless standards like Wi-Fi 6 and Wi-Fi 7, underscores the critical role of gigabit Wi-Fi technology in enabling digital transformation and supporting the burgeoning Internet of Things ecosystem. However, challenges such as infrastructure limitations and cybersecurity concerns pose hurdles to market growth, necessitating collaborative efforts among stakeholders to address these issues.