Global Wireless Gigabit (WiGig) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
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May 2023
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This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global Wireless Gigabit (WiGig) Market Overview:
"The global Wireless Gigabit (WiGig) market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Wireless Gigabit (WiGig) is a technology that allows devices to communicate over a multi-gigabit per second speed over wireless communication. WiGig provides a transfer speed of around 7Gbps and operates on a 60GHz frequency band. This frequency band enables high-speed and high-quality wireless data and information transmission.
Rising demand for high-speed internet coupled with increasing adoption of Wi-Fi enabled devices such as smartphones, laptops, etc. are major factors driving the growth of the global wireless gigabit (WiGig) market. In addition, increasing penetration of the internet of things and rising adoption of connected devices are other factors fueling the growth of the global wireless gigabit (WiGig) market.
Moreover, increasing demand for ultra-HD videos and movies, video-on-demand services, and increasing adoption of virtual reality and augmented reality in the gaming industry have boosted demand for high-speed uninterrupted internet services. This factor is propelling the growth of the global market and is expected to further drive the market growth to a significant extent over the forecast period.
Short-range applications and high power consumption are major factors hampering the growth of the global wireless gigabit (WiGig) market. However, currently few consumer products are available that support the 60GHz frequency band,s and technological advancements towards product development that support the 60GHz band can create opportunities for market players in the global wireless gigabit (WiGig) market over the forecast period.
The Asia Pacific accounts for the highest revenue share in the global wireless gigabit (WiGig) market, owing to the presence of major WiGig and consumer electronic goods manufacturers in economies such as China, Japan, etc. in this region. The market in North America is expected to witness significant growth in the global wireless gigabit (WiGig) market and is expected to register a CAGR of XX.X% over the forecast period.
Global Wireless Gigabit (WiGig) Market Segmentation:
Global wireless gigabit (WiGig) market segmentation, by product type:
- Consumer electronics
- Networking devices
Global wireless gigabit (WiGig) market segmentation, by application:
- Large enterprises
- SMBs
- Residential
- Others
 Global wireless gigabit (WiGig) market segmentation, by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Qualcomm Technologies Inc.
- Samsung Electric Co. Ltd.
- Intel Corporation
- Broadcom Corporation
- Cisco Systems Ltd.
- Marvell Technology Group Ltd.
- Panasonic Corporation
- NEC Corporation
- AzureWave Technologies
- NVIDIA Corporation
- MediaTek