Global Wireless Gigabit (WiGig) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

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."

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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