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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global WiGig Market Size
The global WiGig market 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.
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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