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

MarketResearch.biz delivers in-depth insights in its upcoming report titled, “Global Wireless Gigabit (WiGig) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global wireless gigabit (WiGig) market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global wireless gigabit (WiGig) market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global wireless gigabit (WiGig) market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global wireless gigabit (WiGig) market is segmented on the basis of product type, application, and region.

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Wireless gigabit (WiGig) is a technology that allows devices to communicate over a multi-gigabit per second speed over a wireless communication. WiGig provides 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 growth of the global wireless gigabit (WiGig) market. In addition, increasing penetration of internet of things and rising adoption of connected devices are other factors fueling 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 gaming industry have boosted demand for high speed uninterrupted internet services. This factor is propelling growth of the global market and is expected to further drive the market growth to significant extent over the forecast period.

Short range application and high power consumption are major factors hampering growth of the global wireless gigabit (WiGig) market. However, currently few consumer products are available that support 60GHz frequency band and technological advancements towards product development that support 60GHz band can create opportunities for market players in the global wireless gigabit (WiGig) market over the forecast period.

Asia Pacific accounts for highest revenue share in the global wireless gigabit (WiGig) market, owing to presence of major WiGig and consumer electronic goods manufactures 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