Wireless Gigabit Wigig Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Wireless Gigabit Wigig Market is projected to expand from USD 67.34 Million in 2025 to USD 166.54 Million by 2031, achieving a CAGR of 16.29%. This market encompasses short-range wireless technologies operating within the 60 GHz frequency band, utilizing IEEE 802.11ad and 802.11ay standards to facilitate multi-gigabit data transmission. Key drivers fueling this growth include rising requirements for uncompressed high-definition video streaming, the need for low-latency connectivity in untethered virtual reality (VR) headsets, and the implementation of millimeter-wave backhaul solutions to support 5G network densification. These elements foster a strong adoption environment across consumer electronics and enterprise landscapes. Reflecting this commercial momentum, the Wireless Broadband Alliance noted in 2024 that 58% of industry respondents reported higher confidence in Wi-Fi technology investments compared to the prior year.

However, a major obstacle hindering widespread market growth is the physical propagation limitation inherent to 60 GHz signals, which struggle to penetrate solid barriers such as walls. This technical constraint confines WiGig usage largely to line-of-sight scenarios or single-room settings, thereby reducing its versatility when compared to lower-frequency wireless options that provide superior range and coverage capabilities. Consequently, while the technology offers exceptional speed, its deployment remains restricted by these environmental limitations.

Market Drivers

A primary catalyst for market growth is the integration of WiGig with 5G infrastructure to handle data offloading and backhaul, addressing the surge in cellular network data volumes. As telecom operators increase network density to accommodate high-bandwidth applications, 60 GHz solutions are increasingly deployed for traffic offloading and small cell backhaul, effectively relieving spectrum congestion in sub-6 GHz bands. This integration is vital for maintaining consistent service in dense urban areas where traditional capacity is stretched. Highlighting this strain, Ericsson’s 'Mobility Report' from June 2024 indicated that mobile network data traffic rose by 25 percent year-on-year between March 2023 and March 2024. Furthermore, GSMA’s 'The Mobile Economy 2024' report from February 2024 projects global 5G connections will hit 2 billion by the end of 2024, creating a massive infrastructure base that demands strong backhaul support.

The second major driver is the expansion of immersive virtual and augmented reality applications, which is accelerating WiGig adoption across consumer and enterprise sectors. The necessity for untethered, high-fidelity visual experiences demands the multi-gigabit throughput and near-zero latency that only 60 GHz connectivity can deliver, effectively removing the physical limitations imposed by cabling. This performance is crucial for next-generation Head-Mounted Displays (HMDs) utilized in remote assistance, gaming, and virtual training. Underscoring the market momentum for such hardware, Meta reported in its 'Third Quarter 2024 Results' in October 2024 that its Reality Labs segment achieved a 29 percent year-over-year revenue increase, totaling $270 million, driven by the demand for immersive devices reliant on advanced short-range wireless standards.

Market Challenges

The fundamental impediment to the broader expansion of the Global Wireless Gigabit (WiGig) Market remains the physical propagation limitations associated with 60 GHz signals. The high-frequency millimeter-wave signals used by IEEE 802.11ad and 802.11ay standards suffer from rapid attenuation when meeting solid obstacles like glass, furniture, and walls. Because these signals cannot effectively penetrate physical barriers, the technology is largely restricted to single-room or line-of-sight applications. Consequently, achieving comprehensive coverage in larger enterprise or residential environments requires a dense, capital-intensive infrastructure consisting of multiple access points.

Due to these technical constraints, market stakeholders often prioritize alternative wireless standards that offer a better balance between multi-gigabit speeds and obstacle penetration capabilities. This results in investment shifting toward more versatile sub-7 GHz technologies rather than 60 GHz solutions, which hinders the mass adoption of WiGig for general networking purposes. For example, the Wireless Broadband Alliance reported in 2024 that over 41% of industry respondents intended to deploy Wi-Fi 7 by year's end. This preference highlights the industry's inclination toward technologies that can surmount propagation challenges, thereby relegating WiGig to niche high-bandwidth scenarios rather than establishing it as a primary standard for universal wireless connectivity.

Market Trends

The adoption of 60 GHz Fixed Wireless Access (FWA) is accelerating rapidly as Internet Service Providers (ISPs) search for cost-effective alternatives to fiber for providing last-mile connectivity in underserved and dense urban regions. Distinct from traditional telecom backhaul for 5G offloading, this trend is driven by Wireless ISPs (WISPs) utilizing millimeter-wave solutions to offer gigabit-speed broadband to enterprises and residences. The 60 GHz band facilitates interference-free, high-capacity links that can be deployed much faster than trenched cable infrastructure, playing a crucial role in bridging the digital divide. This momentum was highlighted by Peraso Inc. in October 2024, which announced a $1.4 million follow-on purchase order from a major South African WISP, confirming expanding demand for mmWave technology in high-density fixed wireless deployments.

Concurrently, the transition to the IEEE 802.11ay standard is transforming the technological landscape by enabling higher throughput and robust mesh architectures via MU-MIMO capabilities and channel bonding. While the earlier 802.11ad standard established the baseline, 802.11ay facilitates reliable, self-organizing mesh networks, such as Terragraph, which extend range and mitigate line-of-sight limitations to support broader industrial and enterprise adoption. This evolution toward next-generation standards is driving product cycles and financial recovery for key infrastructure vendors. Evidence of this impact appeared in Cambium Networks' 'Second Quarter 2024 Financial Results' in August 2024, where the company reported revenues of $45.9 million, attributing sequential growth specifically to the recovery of its Point-to-Multi-Point business that relies heavily on advanced 60 GHz mesh technologies.

Key Players Profiled in the Wireless Gigabit Wigig Market

• Qualcomm Technologies, Inc.
• Intel Corporation
• Broadcom Inc.
• Nokia Corporation
• Huawei Technologies Co., Ltd.
• Samsung Electronics Co., Ltd.
• Texas Instruments Incorporated.
• Cisco Systems, Inc.
• Netgear, Inc.
• MediaTek Inc.

Report Scope

In this report, the Global Wireless Gigabit Wigig Market has been segmented into the following categories:

Wireless Gigabit Wigig Market, by Product Type:

• Display Devices
• Network Infrastructure Devices
• Consumer Devices

Wireless Gigabit Wigig Market, by Technology:

• System on Chip (SoC)
• Integrated Circuits (ICs)

Wireless Gigabit Wigig Market, by Industry Vertical:

• Consumer Electronics
• IT & Telecommunication
• Healthcare
• Retail
• Aerospace & Defense

Wireless Gigabit Wigig Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Wireless Gigabit Wigig Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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