The Latin America, Middle East and Africa Wireless Gigabit Market is expected to witness market growth of 27.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Wireless Gigabit Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.22 millions by 2031. The Argentina market is showcasing a CAGR of 28.9% during 2024-2031. Additionally, the UAE market would register a CAGR of 27.4% during 2024-2031.
WiGig is also expected to be crucial in industrial automation and manufacturing. As industries continue to adopt smart manufacturing practices, there is a growing need for high-speed wireless communication to support real-time data transmission and low-latency connectivity between machines, sensors, and control systems.
WiGig’s ability to deliver ultra-fast data transfer in confined spaces makes it ideal for use in factories and production lines, where large amounts of data must be transmitted quickly to ensure efficient operations. The adoption of WiGig in industrial settings is further supported by the rise of the Internet of Things (IoT), which drives the need for reliable wireless communication between connected devices in industrial environments.
In Brazil, the growing adoption of cloud-based services creates a fertile environment for wireless gigabit technology. The COVID-19 pandemic accelerated the shift to cloud platforms, with businesses increasingly reliant on cloud computing for data storage, remote collaboration, and digital transformation. The Brazilian government’s push towards digital infrastructure improvements as part of its “Brasil 5.0” initiative has further boosted this trend. As reported by the Brazilian Internet Steering Committee (CGI.br), Brazil has seen a steep rise in cloud service usage in recent years, necessitating the integration of high-speed WiGig solutions to meet the increasing demand for fast and seamless data transfer.
According to the International Trade Administration, the cloud is a key element in Brazil’s IT infrastructure. In 2023, spending on Infrastructure as a Service (IaaS) plus Platform as a Service (PaaS) solutions will exceed US$4.5b, growing 41% from 2022. Therefore, as more countries in LAMEA recognize the importance of next-generation connectivity, the demand for WiGig technology will accelerate in the coming years.
The Brazil market dominated the LAMEA Wireless Gigabit Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.22 millions by 2031. The Argentina market is showcasing a CAGR of 28.9% during 2024-2031. Additionally, the UAE market would register a CAGR of 27.4% during 2024-2031.
WiGig is also expected to be crucial in industrial automation and manufacturing. As industries continue to adopt smart manufacturing practices, there is a growing need for high-speed wireless communication to support real-time data transmission and low-latency connectivity between machines, sensors, and control systems.
WiGig’s ability to deliver ultra-fast data transfer in confined spaces makes it ideal for use in factories and production lines, where large amounts of data must be transmitted quickly to ensure efficient operations. The adoption of WiGig in industrial settings is further supported by the rise of the Internet of Things (IoT), which drives the need for reliable wireless communication between connected devices in industrial environments.
In Brazil, the growing adoption of cloud-based services creates a fertile environment for wireless gigabit technology. The COVID-19 pandemic accelerated the shift to cloud platforms, with businesses increasingly reliant on cloud computing for data storage, remote collaboration, and digital transformation. The Brazilian government’s push towards digital infrastructure improvements as part of its “Brasil 5.0” initiative has further boosted this trend. As reported by the Brazilian Internet Steering Committee (CGI.br), Brazil has seen a steep rise in cloud service usage in recent years, necessitating the integration of high-speed WiGig solutions to meet the increasing demand for fast and seamless data transfer.
According to the International Trade Administration, the cloud is a key element in Brazil’s IT infrastructure. In 2023, spending on Infrastructure as a Service (IaaS) plus Platform as a Service (PaaS) solutions will exceed US$4.5b, growing 41% from 2022. Therefore, as more countries in LAMEA recognize the importance of next-generation connectivity, the demand for WiGig technology will accelerate in the coming years.
List of Key Companies Profiled
- Broadcom, Inc.
- Cisco Systems, Inc.
- Intel Corporation
- Panasonic Holdings Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- STMicroelectronics N.V.
- Marvell Technology Group Ltd.
- PERASO INC.
- Tensorcom, Inc. (NantWorks, LLC)
Market Report Segmentation
By Product
- Network Infrastructure Devices
- Display Devices
By End-use
- Networking
- Consumer Electronics
- Other End-use
By Technology
- System-on-Chip (SoC)
- Integrated Circuit Chip (IC Chip)
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Wireless Gigabit Market by Product
Chapter 6. LAMEA Wireless Gigabit Market by End-use
Chapter 7. LAMEA Wireless Gigabit Market by Technology
Chapter 8. LAMEA Wireless Gigabit Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Wireless Gigabit market report include:- Broadcom, Inc.
- Cisco Systems, Inc.
- Intel Corporation
- Panasonic Holdings Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- STMicroelectronics N.V.
- Marvell Technology Group Ltd.
- PERASO INC.
- Tensorcom, Inc. (NantWorks, LLC)
Methodology
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