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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
WiGig Market Report Snapshots
WiGig Market Regional Analysis
*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.*
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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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