The global gigabit Wi-Fi access point market is projected to grow at 32.3% CAGR over the forecast period (2022-2027).
| Attribute | Details |
| Gigabit Wi-Fi Access Point Market Size Value in 2022 | US$ 3.61 Bn |
| Gigabit Wi-Fi Access Point Market Estimated Value in 2027 | US$ 14.65 Bn |
| Historical CAGR (2016-2021) | 24.1% |
| CAGR (2022-2027) | 32.3% |
Future Market Insights (FMI) has just published a fresh analysis on the gigabit Wi-Fi access point market. The study’s title is “Gigabit Wi-Fi Access Point Market: Global Industry Analysis 2016-2021 and Opportunity Assessment 2022-2027.” Because it is anticipated to present lucrative chances in the coming years, India is one of the potential marketplaces that vendors from across the world are concentrating on. To produce innovative GWAP solutions and improve their market share in developing countries, top businesses like Samsung must concentrate on the Indian market. This is because India has a huge potential for GWAP expansion. Due to the large market potential in India, GWAP market vendors are being persuaded to export their products there.
In order to deliver better and faster internet, the Indian government is planning to spend money on gigabit Wi-Fi access points (FTTH). This is anticipated to be a fantastic chance for GWAP market suppliers to get business, particularly from rising economies like India. In the upcoming years, it is anticipated that the GWAP market in India would be driven by the combination of quick technological development and the deployment of better internet infrastructure. GWAP vendors should concentrate on this sector to increase their market share in India because it currently dominates the commercial/industrial end use sector of the GWAP market. Aerohive Networks Inc., Aruba Networks Inc., Cisco Systems Inc., D-Link Corporation, and Arris International Plc. are a few of the businesses that are actively vying for market share.
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Growing Acceptance of Advanced Products to Increase Market Demand
With significant technological breakthroughs, North America is concentrating on implementing new technology, such as gigabit Wi-Fi access point devices, to improve the region’s entire internet infrastructure and provide faster internet speeds. Penske Truck Leasing helped Aruba Networks Inc. in North America broaden its wireless capabilities in August 2016. For enhanced connectivity, Penske chose Aruba Networks to install 5,000 outdoor and indoor access points. As a result of ongoing technological advancement, many businesses are now using gigabit Wi-Fi access point devices to roll out high-speed internet.
Modern electronic gadgets, particularly smartphones and tablets, are slowly gaining popularity with customers, particularly young people. Customers may enjoy fantastic advantages like mobility, quick operation, and long battery life from small devices like smartphones. Therefore, there will be a greater deployment of gigabit Wi-Fi access points in North America as a result of the growing market penetration of smartphones and tablets.
Due to rapid advancements in home automation in Western Europe during the past five years, the use of smart homes and applications has expanded dramatically. The demand for high speed internet to run all the smart devices is anticipated to increase as smart homes are more adopted. Consumers are embracing stronger and more sophisticated internet infrastructure with cutting-edge security options as a result of the aforementioned considerations.
Hardware Replacement Cost to act as a Roadblock in Market Revenue Growth
Old devices such as 802.11n wireless access point devices may or may not be able to support the new hardware standards of 802.11 AC. Henceforth, installing the 802.11 AC standard needs the whole infrastructural change to obtain the maximum benefits from new standard 802.11 AC. Installation of new hardware compatible with 802.11 AC is projected to incur high costs, which is expected to act as a restraint in the initial adoption of gigabit Wi-Fi access points.
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Gigabit Wi-Fi access point Market by Category
By Maximum Data Delivery Rate :
- Less than 868 Mbps
- 868 to 1300 Mbps
- More than 1300 Mbps
By End User :
- Residential
- Commercial/Industrial
- Retail
- Education
- Manufacturing
- Hospitality
- Healthcare
- Others
By Component :
- Wireless Access Points
- Indoor
- Outdoor
- Special-purpose
- Wireless LAN Controllers
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa
- Japan
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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