Reports
Reports
Sale
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on product, the market is divided into:
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
On the basis of application, the market is segmented into:
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:
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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:
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.
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:
|
Breakup by Product |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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
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.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.