The global WiGig market is expected to grow at a CAGR of 105.42% to reach USD 23.29 billion by the end of 2021 from the current estimates of USD 0.31 billion. In the recent years, the world has become a big digital multimedia market with different kinds of content easily available in different media forms today. This has led to the need for continuous innovation in data transfer and connectivity. Whereas, WiGig allows wireless communication at multi-gigabit speeds and enables high-performance wireless data.
To overcome signal decay, WiGig uses a process called â€˜adaptive beamformingâ€™. The antennas do this by adjusting both the amplitudes and the phase shifts of their broadcasted waves. The reception of the signal is then optimized by minimizing different kinds of problems like the error between the antennasâ€™ output and the expected signal.
Recently, Samsung developed a â€œhigh-performance modem technologiesâ€ along with a â€œwide-coverage beam-forming antennaâ€, which could resolve the line-of-sight (range) issues to an extent. This means that one of the largest consumer device makers will be embracing WiGig. The company also remarked that this tech will be â€œintegralâ€ to Samsung's smart home and the internet of things efforts.
The global WiGig market has been broadly segmented by devices, usage models and end-user industry. By different types of devices, the market has been bifurcated into notebooks, personal computers, smartphones, televisions and others. Whereas, instant wireless sync, wireless display, wireless docking and networking are the different usage models in the WiGig market. By end-user industry the market has been segmented into retail, banking, manufacturing, communications, travel and transport, professional services, energy, healthcare, government, entertainment and media and others.
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is estimated to hold the largest market and is projected to increase in coming years owing to strong telecommunication networks available in the region along with enhanced infrastructure.
However, Asia-Pacific is expected to witness highest growth rate over the forecast period due to increasing penetration of internet enabled devices along rapid technological advancements. Additionally, South Korea, India and China will further drive the regional market due to growing requirement of technologies used for advanced data transfer along with improving infrastructure prevailing in the region.
Some of the vendors of this technology mentioned in the report are Qualcomm, Cisco, Intel, Dell, Panasonic, Bridgewave, Silicon Image and Agilent Technologies.
Evolution of next generation devices along with increasing need for high-speed internet, need for high data transfer rate, lower cost and compatibility with different devices has accelerated the growth of the market.
Some of the key impediments hindering the growth of the market are the range which it supports, i.e. natural interference problems, so the data transfer would require the devices to be close by and in line-of-sight of each other, and the other limitation of the WiGig market is its low availability of vendors for the same.
Key Deliverables in the Study
- Market analysis for the global WiGig market, with region-specific assessments and competition analysis on a global and regional scale.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the WiGig market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights into the major countries/regions in which this industry is growing and also identify the regions that are still untapped.
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1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 High Data Transfer Rate
4.2.2 Compatibility with Different Devices
4.2.3 Cost Effective
4.3 Factors Restraining the Market
4.3.1 Limited Vendors are Available
4.3.2 In-Room - Limited Capability in Terms of Distance
4.4 Industry Value-Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
5. Technology Overview
5.1 Technology Snapshot
5.2.1 Point-to-Point IP Applications
5.2.2 HDMI Data Streaming
5.2.3 Cordless Computing
5.2.4 Internet Support
5.3 WiGig Usage Models
5.3.1 Instant Wireless Sync
5.3.2 Wireless Display
5.3.3 Wireless Docking
5.4 Advantages of WiGig
5.4.1 More Energy Efficient
5.4.2 Higher Output
5.4.3 Worldwide Regulations
5.5 Related Technologies
5.5.1 Wireless HD
5.5.4 Wifi Standards - 802.11AD and 802.11
6. WiGig Market Segmentation by Devices - Market Share and Forecast (2016 - 2021)
6.1.2 Market Share and Forecast
6.2 Personal Computers
6.2.2 Market Share and Forecast
6.3.2 Market Share and Forecast
6.4.2 Market Share and Forecast
6.6.2 Market Share and Forecast
7. WiGig Market Segmentation by Usage Models - Market Share and Forecast (2016 - 2021)
7.1 Instant Wireless Sync
7.1.2 Market Share and Forecast
7.2 Wireless Display
7.2.2 Market Share and Forecast
7.3 Wireless Docking
7.3.2 Market Share and Forecast
7.4.2 Market Share and Forecast
8. WiGig Market by End-User Industry
8.1.2 Market Share and Forecast
8.2.2 Market Share and Forecast
8.3.2 Market Share and Forecast
8.4.2 Market Share and Forecast
8.5 Travel and Transport
8.5.2 Market Share and Forecast
8.6 Professional Services
8.6.2 Market Share and Forecast
8.7.2 Market Share and Forecast
8.8.2 Market Share and Forecast
8.9.2 Market Share and Forecast
8.10 Entertainment and Media
8.10.2 Market Share and Forecast
8.11.2 Market Share and Forecast
9. WiGig Market by Region - Market Share and Forecast (2016 - 2021)
9.1 North America
9.1.2 Market Share and Forecast
9.2.2 Market Share and Forecast
9.3.2 Market Share and Forecast
9.4 Latin America
9.4.2 Market Share and Forecast
9.5 Middle East and Africa
9.5.2 Market Share and Forecast
10. Vendor Market Share Analysis
11. Competitive Intelligence and Profiles of WiGig Vendors
11.1.2 Major Products and Services
11.1.4 Recent Developments
11.2.2 Major Products and Services
11.2.4 Recent Developments
11.3 Agilent Technologies
11.3.2 Major Products and Services
11.3.4 Recent Developments
11.4.2 Major Products and Services
11.4.4 Recent Developments
11.5.2 Major Products and Services
11.5.4 Recent Developments
11.6.2 Major Products and Services
11.6.4 Recent Developments
11.7.2 Major Products and Services
11.7.4 Recent Developments
11.8.2 Major Products and Services
11.8.4 Recent Developments
11.9 Silicon Image
11.9.2 Major Products and Services
11.9.4 Recent Developments
11.10.2 Major Products and Services
11.10.4 Recent Developments
11.11.2 Major Products and Services
11.11.4 Recent Developments
12. Investment Analysis
12.1 Recent Mergers and Acquisitions
12.2 Investor Outlook
13. Future of WiGig Market