WiGig Market - Forecasts from 2024 to 2029

The WiGig market is estimated to grow at a CAGR of 18.35% during the forecast period.

WiGig, is a wireless network technology that enables multi-gigabit communication between devices without the need for cables.It empowers superior execution of remote information, show, and sound. The name WiGig comes from the Wireless Gigabit Alliance, which was formed to promote the adoption of IEEE 802.11ad, the current WiGig standard.The WiGig specification supports data transmission rates up to 7 Gbit/s, which is over eleven times faster than the current Wi-Fi standard. WiGig is expected to enable wireless connectivity of up to 7Gbps in data, display, and audio.

Introduction:

The WiGig market will be experiencing significant growth over the next five years.Key players in the market include Panasonic Corporation, Qualcomm Technologies, Inc., Intel Corporation, and Broadcom Inc.As the demand for high-speed wireless data, display, and audio increases, the WiGig market is expected to continue to expand.However, increased levels of IT spending and changing budget distribution will drive infrastructure needs.

Drivers:

• Growing technological advancements in communications:As technology continues to advance, the demand for high-speed wireless data, display, and audio is increasing. WiGig is well-positioned to meet this demand, as it offers multi-gigabit speeds that are over eleven times faster than the current Wi-Fi standard.
• Increasing demand for high-speed Internet connectivity:The increasing number of connected devices and the rise of the Internet of Things (IoT) are driving the demand for high-speed internet connectivity. WiGig is expected to enable wireless connectivity of up to 7Gbps in data, display, and audio.
• Growing demand for high-quality video streaming:With the increasing popularity of video streaming services, there is a growing demand for high-quality video streaming. WiGig's high-speed wireless connectivity makes it well-suited for streaming high-quality video content.
• Increasing adoption of virtual and augmented reality:Virtual and augmented reality technologies require high-speed wireless connectivity to function properly. WiGig's multi-gigabit speeds make it well-suited for these applications.
• Growing demand for high-speed wireless data transfer in enterprise applications:WiGig's high-speed wireless connectivity makes it well-suited for enterprise applications that require high-speed data transfer, such as video conferencing and file sharing.

Products offered by key companies:

• QCA9500 is Qualcomm Technologies’ multi-gigabit 802.11ad answer for cell phones and passages (switches). Using the transmission capacity-rich 60 GHz millimeter wave band, QCA9500 is designed to present to 4.6 Gbps top speed and extremely low idleness. It follows IEEE 802.11ad determinations and Wi-Fi Ensured WiGig necessities.
• Intel offers IEEE 802.11ad WiGig LDPC Decoder. It conveys information paces of up to 7 Gbit/s and consequently beats the ongoing IEEE 802.11n norm by more than 10x. It utilizes the 60 GHz band to empower short-reach correspondence and interoperability between a wide arrangement of uses and stages.

Prominent growth in the System-on-Chip (SoC) segment within the WiGig market:

The System-on-Chip (SoC) segment within the WiGig market is experiencing prominent growth due to several factors. The demand for high-speed wireless data transfer is increasing, and SoCs are well-suited to meet this demand. System-on-chips (SoCs) are integrated circuits that combine multiple components onto a single die. This integration can improve performance and reduce power consumption. Advancements in wireless technology are driving the demand for SoCs, as these devices can improve the performance and efficiency of wireless devices. SoCs can integrate multiple components onto a single chip, which can improve the performance and reduce the power consumption of wireless devices. The demand for high-quality video streaming is increasing, and SoCs are well-suited to meet this demand. SoCs can integrate multiple components onto a single chip, which can improve the performance and reduce the power consumption of video streaming devices.

The Asia Pacific region is expected to hold a significant share of the WiGig market:

The Asia Pacific region is expected to hold a significant share of the WiGig market due to various factors. The Asia Pacific region has a large population and a growing demand for high-speed internet connectivity. WiGig's high-speed wireless connectivity makes it well-suited to meet this demand. The region is experiencing a greater demand of IoT devices which is driving the demand for WiGig. WiGig's multi-gigabit speeds make it ideal for IoT applications, enabling improved performance and reduced power consumption of IoT devices. WiGig's high-speed wireless connectivity makes it well-suited for wireless devices, as it can improve the performance and efficiency of these devices.

Key developments:

• In April 2020, The Italian locale of Emilia Romagna launched a free open WiFi network with 5000 hotspots across the district's towns and mountains, with a thickness of one hotspot for every 1000 individuals.
• In March 2022, Infineon technologies AG and Sleepiz AG collaborated to answer simple to-utilize sleep monitoring at home. The framework can be coordinated into any associated shrewd home gadget going from brilliant speakers to bed lights.

Segments

By Frequency

• 802.11ay
• 802.11ad

By Technology

• System-on-Chip (SoC)
• Integrated Circuit Chips (IC)

By Application

• Networking Infrastructure Devices
• Display Devices

By End User

• IT & Telecom
• Healthcare
• BFSI
• Automotive
• Retail
• Media & Entertainment
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others