Dublin, Jan. 03, 2025 (GLOBE NEWSWIRE) — The “WiGig Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F” report has been added to ResearchAndMarkets.com’s offering.
The WiGig Market was valued at USD 25.83 Billion in 2023, and is expected to reach USD 112.02 Billion by 2029, rising at a CAGR of 27.51%.
The Global WiGig Market is witnessing significant growth driven by the increasing demand for high-speed wireless connectivity solutions across various industries and consumer segments. WiGig, also known as Wireless Gigabit, operates in the unlicensed 60 GHz frequency band and offers multi-gigabit data rates, low latency, and high reliability, making it ideal for bandwidth-intensive applications and emerging technologies.
Key factors driving market growth include the proliferation of high-definition video streaming, virtual reality (VR), augmented reality (AR), gaming, cloud computing, and Internet of Things (IoT) devices, which require ultra-fast data transfer speeds and seamless connectivity. Moreover, advancements in semiconductor and radio frequency (RF) technologies are enabling the development of high-performance WiGig-enabled devices, chipsets, and infrastructure solutions with improved speed, range, and efficiency. The market is further fueled by the rise of smart home and IoT applications, as well as the growing demand for multi-gigabit wireless docking solutions in enterprise environments.
North America currently dominates the global WiGig market, driven by technological innovation, strong market demand, supportive regulatory environment, and the presence of major industry players. However, other regions such as Europe, Asia Pacific, and Latin America are also witnessing rapid adoption and deployment of WiGig technology, fueled by increasing investments in digital infrastructure and emerging use cases. As WiGig technology continues to evolve and expand its footprint, the market is expected to witness sustained growth, driven by the demand for high-speed wireless connectivity solutions in diverse applications and industries.
Key Market Trends
Rapid Adoption of High-Speed Wireless Connectivity Solutions:
The global WiGig market is witnessing rapid growth and adoption as organizations and consumers increasingly demand high-speed wireless connectivity solutions to support data-intensive applications and emerging technologies. WiGig technology, based on the IEEE 802.11ad standard, operates in the unlicensed 60 GHz frequency band and offers multi-gigabit data rates, making it ideal for applications requiring ultra-fast data transfer speeds.
One of the key drivers fueling the adoption of WiGig technology is the proliferation of bandwidth-intensive applications such as high-definition video streaming, virtual reality (VR), augmented reality (AR), gaming, and cloud computing. These applications require high-speed wireless connectivity to deliver seamless user experiences and real-time interaction.
In addition to consumer electronics applications, WiGig technology is increasingly being deployed in enterprise environments to support high-speed wireless networking, wireless docking, and wireless display connectivity. Industries such as healthcare, education, manufacturing, and hospitality are leveraging WiGig technology to enable wireless connectivity solutions that enhance productivity, collaboration, and mobility.
Moreover, the growing popularity of Internet of Things (IoT) devices and smart home technologies is driving demand for high-speed wireless connectivity solutions that can support the increasing number of connected devices and data traffic. WiGig technology provides a scalable and efficient solution for connecting IoT devices, enabling faster data transfer and reduced latency for real-time IoT applications.
Emergence of 5G Networks and Hybrid Wireless Connectivity Solutions:
The emergence of 5G networks is poised to have a significant impact on the global WiGig market, driving the development of hybrid wireless connectivity solutions that combine the strengths of WiGig technology and 5G cellular networks. 5G networks promise ultra-fast data speeds, low latency, and high reliability, making them ideal for supporting a wide range of applications and use cases, including mobile broadband, IoT, autonomous vehicles, and smart cities.
While 5G networks offer high-speed wireless connectivity over longer distances, they may face challenges in delivering ultra-high-speed connectivity in indoor environments or densely populated areas where signal propagation and interference issues can impact performance. WiGig technology, operating in the unlicensed 60 GHz frequency band, complements 5G networks by providing short-range, high-speed wireless connectivity solutions that can deliver multi-gigabit data rates in indoor environments, congested urban areas, and dense urban environments.
One of the key advantages of hybrid wireless connectivity solutions combining WiGig technology and 5G networks is the ability to leverage the strengths of both technologies to deliver seamless connectivity experiences across a wide range of environments and use cases. For example, in indoor environments such as office buildings, shopping malls, airports, and stadiums, WiGig technology can be used to provide ultra-fast wireless connectivity for high-bandwidth applications such as wireless docking, wireless display, and virtual reality (VR) gaming, while 5G networks can be used to provide outdoor coverage and connectivity for mobile devices, IoT sensors, and autonomous vehicles.
Moreover, hybrid wireless connectivity solutions can offer greater flexibility, reliability, and resilience by enabling seamless handover between WiGig and 5G networks based on user requirements, network conditions, and application demands. This dynamic network switching capability allows devices to automatically connect to the most suitable wireless network based on factors such as signal strength, bandwidth availability, and latency performance, ensuring optimal connectivity experiences for users.
Growing Demand for Multi-Gigabit Wireless Docking Solutions:
The global WiGig market is experiencing growing demand for multi-gigabit wireless docking solutions that enable seamless connectivity between laptops, tablets, 4K monitors, and peripherals without the need for physical cables. Wireless docking solutions based on WiGig technology offer advantages such as increased mobility, flexibility, and productivity for users in enterprise environments, home offices, and collaborative workspaces.
Moreover, WiGig-based wireless docking solutions offer multi-gigabit data transfer speeds, low latency, and high reliability, making them ideal for demanding applications such as video editing, graphic design, gaming, and multimedia content creation. Users can enjoy smooth and responsive performance when working with high-resolution content, streaming 4K video, or playing immersive games without experiencing lag or latency issues.
Another advantage of WiGig-based wireless docking solutions is the ability to support multiple displays and peripherals simultaneously, allowing users to create multi-monitor setups and connect a wide range of accessories with ease. This flexibility and scalability make WiGig-based wireless docking solutions suitable for various use cases, including productivity, gaming, entertainment, and collaboration.
Furthermore, WiGig-based wireless docking solutions offer enhanced security features such as data encryption, authentication, and device pairing to protect sensitive information and prevent unauthorized access. This ensures that confidential data remains secure during wireless transmission and docking operations, providing peace of mind for users and organizations.
The growing demand for multi-gigabit wireless docking solutions based on WiGig technology is driven by the need for increased mobility, flexibility, and productivity in enterprise environments, home offices, and collaborative workspaces. By eliminating the constraints of physical cables and offering seamless connectivity experiences, WiGig-based wireless docking solutions empower users to work more efficiently, collaborate more effectively, and unleash their creativity without compromise.
Expansion of WiGig Ecosystem with New Devices and Applications:
The global WiGig market is experiencing rapid expansion and innovation as manufacturers and developers continue to introduce new devices, applications, and use cases that leverage WiGig technology. The WiGig ecosystem encompasses a wide range of devices, including smartphones, laptops, tablets, access points, routers, displays, peripherals, and IoT devices, as well as software applications and services that enable seamless wireless connectivity and collaboration.
One of the key drivers fueling the expansion of the WiGig ecosystem is the increasing availability of WiGig-enabled devices from leading technology companies such as Intel, Qualcomm, Samsung, Dell, HP, Lenovo, and ASUS. These companies are integrating WiGig functionality into their products to capitalize on the demand for high-speed wireless connectivity and differentiate their offerings in the market.
Moreover, the development of WiGig-based wireless docking solutions, wireless display technologies, and wireless VR/AR solutions is driving the adoption of WiGig technology in enterprise environments, home offices, and gaming enthusiasts. These solutions offer advantages such as increased mobility, flexibility, and productivity for users who rely on laptops, tablets, and mobile devices to access external displays, peripherals, and accessories without the constraints of physical cables.
Furthermore, the expansion of the WiGig ecosystem is enabling new applications and use cases in industries such as healthcare, education, manufacturing, retail, hospitality, and entertainment. For example, WiGig technology is being used to enable wireless medical devices, interactive classroom displays, smart manufacturing systems, digital signage solutions, and immersive gaming experiences.
Another driver of the expansion of the WiGig ecosystem is the development of software applications and services that leverage WiGig technology to enable seamless wireless connectivity, collaboration, and productivity. Companies are developing innovative software solutions for wireless file sharing, screen mirroring, remote desktop access, video conferencing, and collaborative workspace environments that take advantage of the multi-gigabit data rates and low latency of WiGig technology.
Key Market Players
- Qualcomm Technologies
- Peraso Technologies
- ASUSTek Computer
- Panasonic
- Blu Wireless Technology
- Tensorcom Inc.
- Fujikura Ltd.
- Sivers Semiconductors
- Dell Technologies
- Lenovo Group
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 185 |
| Forecast Period | 2023 – 2029 |
| Estimated Market Value (USD) in 2023 | $25.83 Billion |
| Forecasted Market Value (USD) by 2029 | $112.02 Billion |
| Compound Annual Growth Rate | 27.5% |
| Regions Covered | Global |
Report Scope:
In this report, the Global WiGig Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
WiGig Market, By Product:
- Display Devices
- Network Infrastructure Devices
WiGig Market, By Type:
WiGig Market, By Technology:
- Integrated Circuit Chips (IC)
- System-on-Chip (SoC)
WiGig Market, By End User:
- Retail & Consumer Goods
- IT & Telecommunications
- Media & Entertainment
- Healthcare
- Aerospace & Defense
- Others
For more information about this report visit https://www.researchandmarkets.com/r/hiyfg6
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