According to a new report from IHS, the global market for high-speed wireless-enabled devices is set for “explosive growth” through 2018.
Driving this projected growth over the next five years is the emergence of consumer electronics products that are taking greater advantage of rapid wireless transfer capabilities.
Annual shipments of high-speed wireless-enabled devices such as smartphones, televisions and mobile PCs are expected to reach 503 million devices by 2018, up more than tenfold from 49 million units anticipated in 2013.
“Growth during the next three years will be tremendous, ranging from 60 to 120 percent, with expansion during the last two years of the forecast window moderating somewhat to still-high increases of up to 30 percent, as shown in the attached figure,” reads the IHS report shared with MMW on Thursday.
The Top 3 revenue opportunities for suppliers of high-speed wireless integrated circuits will be smartphones, TVs and mobile PCs.
“Much of the anticipated growth in the high-speed wireless industry will be attributed to the increase of both WiGig and multistream Wi-Fi in mobile and home entertainment applications by the end of the forecast period,” said Stephanie Gibbons, senior analyst for connectivity at IHS. “In particular, WiGig and multistream Wi-Fi are the two technologies set to drive high-speed wireless adoption into key consumer electronics applications.”