The global gigabit wi-fi access point market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors propelling the growth of the market include the increasing need for fast network and internet connectivity across all residential and commercial areas. Wireless Local area networks (WLAN) are created using Wi-Fi Access Points, which are commonly found in workplaces and big buildings. The technique uses an Ethernet connection to connect a wired router, switch, or hub to a Wi-Fi signal in a specific region.
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Access points allow several wireless devices to connect to a single cable connection. It can also switch between 2.4GHz and 5GHz wi-fi signals. Users may roam freely from room to room without experiencing network disruptions by placing access points across the office. Its devices will seamlessly transition from one access point to the next as they walk through the building, and they won’t even notice they’re switching networks. The regional development opportunity for the gigabit Wi-Fi access point market is proliferating government ingenuity to promote industrialization and digitalization in emerging economies.
Key players contributing to the growth of the global gigabit wi-fi access point market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, include ZTE Corp., Ubiquiti Networks, Huawei Technologies, HPE (Aruba Networks), Telefonaktiebolaget LM Ericsson, among others. For instance, in June 2021, Aruba Networks launched industry’s first Wi-Fi 6E access point for enterprises. The company launched 630 series of access points starting with AP 635 after the Federal Communications Commission (FCC) granted the unlicensed use of 1200 MHz of spectrum within the 6 GHz band for Wi-Fi applications.
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Market Coverage
- Segment Covered-
o By Product Type
o By Type
o By Application
- Competitive Landscape- ZTE Corp., Ubiquiti Networks, Huawei Technologies, HPE (Aruba Networks), Telefonaktiebolaget LM Ericsson, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Gigabit Wi-Fi Access Point Market – Segmentation
By Product Type
- Single Band Gigabit Wi-Fi Access Points
- Double Band Gigabit Wi-Fi Access Points
By Type
- Wireless Access Points
- Wireless LAN Controllers
By Application
- Residential
- Commercial/Industrial
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