Over the forecast period, the market for gigabit Wi-Fi access points is anticipated to expand at a 32.3% CAGR (2022-2027). Government programmes to encourage industrialisation in developing economies, along with increasing digitisation globally, will drive market sales.
By the end of 2027, it’s anticipated that global sales of gigabit Wi-Fi access points would top US$ 14.65 billion. Almost 36.6% of market sales are estimated to be made up of products with data transfer rates of 868 to 1300 Mbps.
According to the survey, over 35% of the global Wi-Fi market’s demand is anticipated to come from gigabit Wi-Fi access points.
How is the need for GWAP being fueled by the use of advanced technology?
The increased popularity of smartphones, laptops, and tablets combined with quick technological improvements are driving up demand for internet service providers and access point suppliers. This is anticipated to facilitate the demand for gigabit Wi-Fi access points.
The market is anticipated to grow in demand as more people seek to upgrade their digital infrastructure in China, Japan, and India. Also, supportive government programmes to encourage the industrialization and digitization of developing countries will have a positive impact on the market.
For instance, the National Internet Exchange of India, the Ministry of Electronics and Information, and the India Brand Equity Foundation launched the India Internet Governance Forum (IIGF)-2021 in August 2021 in India.
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How Big is the Opportunity for Gigabit Wi-Fi Access Market in the U.S.?
As per Future Market Insights, the U.S. gigabit Wi-Fi access point market is expected to hold largest share across North America. Demand for gigabit Wi-Fi access point is high across the commercial sector, increasing the sales across North America.
Strong presence of leading companies across the country will boost the sales of gigabit Wi-Fi access point. Also, adoption of smart phones, increasing penetration of social media, and growing inclination towards e-commerce platforms is creating high demand for high speed internet.
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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Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Value Chain Analysis
3.4. Key Regulation and Standards
4. Global Market Analysis 2013–2021 and Forecast 2022–2027
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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