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WiGig Market

Global WiGig Market Size, Share, Trends, Growth, Demand: By Product: Display Devices, Network Infrastructure Devices; By Application: Gaming and Multimedia, Networking, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global WiGig Market Outlook

The global WiGig market size attained a value of above USD 2.80 billion in 2023. The market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 21.5% to reach more than USD 16.15 billion by 2032.

 

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.

 

The high frequency of the 60 GHz band limits its range and penetration through walls. WiGig is effective over short distances, typically within a room. This makes it ideal for applications requiring high bandwidth over short distances, like wireless docking stations, high-definition video streaming, or virtual reality. The 60 GHz band is less crowded than the 2.4 GHz and 5 GHz bands, leading to reduced interference from other wireless devices.

 

WiGig is particularly useful in situations where large amounts of data need to be transferred quickly over a short distance without cables. It is used in applications like wireless virtual reality headsets, high-speed data transfer between devices, and wireless video streaming.

 

Global WiGig Market

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WiGig Market Segmentation

Based on product, the market is divided into:

  • Display Devices
  • Network Infrastructure Devices

 

Based on product, the WiGig display devices segment occupies a significant share of the market and is likely to attain 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 WiGig 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 display devices segment finds its application in various settings such as for streaming high-definition content from mobile devices or computers to TVs or projectors without the need for HDMI cables. In conference rooms and classrooms, WiGig-enabled projectors or displays can seamlessly connect to laptops or tablets for presentations without cable clutter.

 

The market for WiGig-enabled display devices is growing, driven by the increasing demand for wireless solutions in home entertainment, business settings, and immersive technologies like VR. This growth is also facilitated by the continuous development and miniaturisation of WiGig hardware, making it easier to integrate into various display devices.

 

Global WiGig Market by Segment

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On the basis of application, the market is segmented into:

  • Gaming and Multimedia
  • Networking
  • Others

 

Gaming and multimedia occupy a substantial WiGig market share The global market 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 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 market owing to the booming video game sector, 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 the upcoming years.

 

The report also covers the major regional markets for WiGig, which are as follows:

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East and Africa

 

WiGig Market Analysis

WiGig offers extremely high data transfer rates, up to 7 Gbps, which is much faster than traditional Wi-Fi. This makes it ideal for bandwidth-intensive applications like high-definition video streaming, virtual reality, and rapid file transfers. The increasing need for faster internet speeds for various applications drives the growth of the market. The proliferation of smart devices and the Internet of Things (IoT) are some of the crucial WiGig market trends that create more use cases for WiGig.

 

As more devices become WiGig-compatible, its market is expected to expand and emerging technologies like virtual reality and augmented reality could create new applications for WiGig. Furthermore, with the advancement of 5G and beyond, WiGig may play a crucial role in providing high-speed, short-range connectivity solutions.

 

Global WiGig Market by Region

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Regional Insights

Europe accounts for a significant share of the overall market value

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 market in the region.

 

In Europe, WiGig finds applications in several sectors such as consumer electronics for smartphones, laptops, and wireless docking stations, particularly in high-end markets, the enterprise sector for high-speed wireless networks and connectivity solutions in office and business settings, and healthcare and industrial applications for fast data transfer in settings where cable-free environments are crucial.

 

European regulations around wireless technology and spectrum allocation play a critical role in propelling the WiGig market demand. The European Union's policies on technology and digital markets impact how WiGig is deployed and utilised across member countries. The future of the market in Europe looks promising, with potential growth in sectors like telecommuting, e-learning, and digital healthcare, accelerated by trends like remote working and online education.

 

Key Players in the Market

The WiGig market report by EMR offers a detailed analysis of the following key players in the market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Panasonic Corporation
  • Qualcomm Technologies, Inc.
  • Intel Corporation
  • Broadcom Inc.
  • Peraso Technologies Inc.
  • Cisco Systems Inc.
  • Others

 

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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

 

WiGig Market Report Snapshots

WiGig Market Size

WiGig Market Analysis

WiGig Market Regional Analysis

WiGig Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global WiGig Market Analysis

    8.1    Key Industry Highlights
    8.2    Global WiGig Historical Market (2018-2023) 
    8.3    Global WiGig Market Forecast (2024-2032)
    8.4    Global WiGig Market by Product
        8.4.1    Display Devices
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Network Infrastructure Devices
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global WiGig Market by Application
        8.5.1    Gaming and Multimedia
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Networking
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others    
    8.6    Global WiGig Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America WiGig Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe WiGig Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific WiGig Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America WiGig Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa WiGig Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Panasonic Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Qualcomm Technologies, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Intel Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Broadcom Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Peraso Technologies Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6     Cisco Systems Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global WiGig Market: Key Industry Highlights, 2018 and 2032
2.    Global WiGig Historical Market: Breakup by Product (USD Million), 2018-2023
3.    Global WiGig Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    Global WiGig Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global WiGig Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global WiGig Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global WiGig Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Global WiGig Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Global WiGig Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Global WiGig Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Global WiGig Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Global WiGig Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Global WiGig Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Global WiGig Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Global WiGig Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Global WiGig Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Global WiGig Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global WiGig Market Structure

Key Questions Answered in the Report

In 2023, the global WiGig market attained a value of beyond USD 2.80 billion.

The market is estimated to grow at a CAGR of 21.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach more than USD 16.15 billion by 2032.

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.

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