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The global WiGig market attained a value of above USD 1.9 billion in 2021. The market is expected to grow in the forecast period of 2022-2027 at a CAGR of 21.5% to reach more than USD 6.1 billion by 2027.
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Based on product, the WiGig display devices segment occupies a significant share in the market and is likely to attain a considerable growth in the forecast period. This can be attributed to the convenient docking of WiGig between devices like smartphones, laptops, projectors and tablets, among others. Through WiGig display devices, a user can stream multiple high-definition videos or movies, which is bolstering the market growth. Moreover, the growing popularity of WiGig among college and school students is driving the market growth.
As WiGig display devices provide high-speed internet to efficiently collate data and information required for school projects, college assignments, or office projects, their demand is significantly surging, which is predicted to propel the market growth in the forecast period.
The market growth in Europe is likely to attain a significant pace in the forecast period owing to the rising demand for high-speed internet, data transfer at a faster rate, and the availability of low-cost wireless gigabit products in the region. With the introduction of various government initiatives to boost telecom and technology services, the market for WiGig is witnessing robust growth. For instance, in April 2020, Emilia Romagna in Italy launched a free gigabit connectivity project with 5000 public Wi-Fi hotspots to offer potential speeds up to 1 Gbps. Such developments are providing impetus to the WiGig industry in the region.
WiGig, also known as 60 GHz Wi-Fi, is defined as wireless high-speed data technology that includes the current IEEE 802.11ad standard, along with the upcoming IEEE 802.11ay standard. The WiGig facilitates high-performance wireless data, display and audio applications.
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Based on product, the market is divided into:
On the basis of application, the industry is segmented into:
The EMR report looks into the regional markets of WiGig like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global WiGig industry is being driven by the growing applications of WiGig in gaming, multimedia and networking owing to the rapid digitisation. After the COVID-19 outbreak, the growing trend of work-from-home is generating a significant demand for high-speed internet and quick data transfer in order to bolster the efficiency of employees, which is fuelling the growth of the market. Over the forecast period, the rising demand for WiGig in the gaming industry owing to the booming video game industry, coupled with the growing popularity of gaming among the youth, is likely to aid the market. The high-speed internet, quick data transfer, and the ability of WiGig to facilitate display and audio applications in order to enhance the gaming experience are increasing the appeal of the technology among gamers, which is projected to positively impact the growth of the market in upcoming years.
The report gives a detailed analysis of the following key players in the global WiGig market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region|
|Breakup by Product||Display Devices, Network Infrastructure Devices|
|Breakup by Application||Gaming and Multimedia, Networking, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Panasonic Corporation, Qualcomm Technologies, Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc., Cisco Systems Inc., Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global WiGig Market Analysis
8.1 Key Industry Highlights
8.2 Global WiGig Historical Market (2017-2021)
8.3 Global WiGig Market Forecast (2022-2027)
8.4 Global WiGig Market by Product
8.4.1 Display Devices
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.2 Network Infrastructure Devices
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global WiGig Market by Application
8.5.1 Gaming and Multimedia
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.6 Global WiGig Market by Region
8.6.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chian Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Panasonic Corporation
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.2 Qualcomm Technologies, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.3 Intel Corporation
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.4 Broadcom Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.5 Peraso Technologies Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.6 Cisco Systems Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. Global WiGig Market: Key Industry Highlights, 2017 and 2027
2. Global WiGig Historical Market: Breakup by Product (USD Million), 2017-2021
3. Global WiGig Market Forecast: Breakup by Product (USD Million), 2022-2027
4. Global WiGig Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global WiGig Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global WiGig Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global WiGig Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Global WiGig Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Global WiGig Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Global WiGig Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Global WiGig Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Global WiGig Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Global WiGig Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Global WiGig Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Global WiGig Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Global WiGig Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Global WiGig Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global WiGig Market Structure
In 2021, the global WiGig market attained a value of beyond USD 1.9 billion.
The market is estimated to grow at a CAGR of 21.5% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach more than USD 6.1 billion by 2027.
The major drivers of the market include the growing awareness pertaining to the high-speed and quick data transfer provided by the WiGig products, the rising demand for high-speed internet, and the increasing demand for WiGig in the gaming and multimedia applications, among others.
Technological advancements in smart devices and innovation and R&D activities in the gaming industry are expected to guide the growth of the industry in the forecast period.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of WiGig in the market are display devices and network infrastructure devices.
The significant applications of WiGig are gaming and multimedia, and networking, among others.
The major players in the industry are Panasonic Corporation, Qualcomm Technologies, Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc., and Cisco Systems Inc., among others.
The global WiGig market attained a value of above USD 1.9 billion in 2021, driven by the growing demand for high-speed internet from various sectors. Aided by the growing R&D activities in the gaming industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 21.5%. The market is projected to reach more than USD 6.1 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the global WiGig industry is divided into display devices and network infrastructure devices. On the basis of applications, the market is segmented into gaming and multimedia, and networking, among others. The major regional markets for WiGig are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Panasonic Corporation, Qualcomm Technologies, Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc., and Cisco Systems Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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