Global Wireless GigaBit(WiGig) Market by Type (802.11ac, 802.11ad), By Application (Networking Devices, Consumer Electronics, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global wireless gigabit (WiGig) market is expected to grow at a CAGR of 33.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-speed internet connectivity and rising number of connected devices. 802.11ac is expected to be the most dominant type segment in the WiGig market during the forecast period, owing to its high data rate and low latency characteristics. Networking devices are expected to be the largest application segment in terms of revenue, followed by consumer electronics and others segments respectively during 2018-2030.



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Product Definition:

The IEEE 802.11ad standard, also known as WiGig, is a 60 GHz wireless technology that can achieve data rates of up to 7 Gbit/s. WiGig is intended for short-range communications and can be used to connect devices such as laptops, tablets and smartphones to displays, storage or other devices.

802.11ac:

802.11ac is a wireless networking standard for the 5 GHz band, part of the radio frequency (RF) spectrum. It is an extension to the existing 11n Wi-Fi technology and provides higher data throughput at shorter distances with less interference from ambient light.

802.11ad:

802.11ad is a short-range, high-bandwidth wireless standard that delivers up to 8 Gbps over very small distances. It was developed by the WiGig Alliance as an extension to the existing 802.11ac and 2012 WiMAX standards for mobile devices and computers, respectively; both of which are based on Wireless Gigabit (WiG).

Application Insights:

The networking devices segment dominated the global wireless gigabit bit (WiGig) market in terms of revenue share in 2017. The growth is attributed to the increasing demand for high-speed wireless connectivity from various network devices such as smartphones, laptops, and tablets across all major regions. Moreover, growing adoption of these products by service providers and enterprises is further driving the growth.

The consumer electronics segment is expected to witness significant growth over the forecast period owing to rising demand for advanced technology products with enhanced features and functionality including 4K video streaming from smart TVs as well as gaming consoles. WiGig provides a stable connection for users who have routers that support this standard; however, it does not provide a boost or fast internet connection like other technologies such as LTE do. Therefore, WiGig has limited applications within consumer electronics but can be used within enterprise networks & hotspots which are connected to an Ethernet port on a computer or another device with an Ethernet cable attached at both ends of it.

Regional Analysis:

The North American regional market accounted for the largest revenue share in 2017. The growth is attributed to the presence of major companies such as Intel Corporation, Qualcomm Inc., and Broadcom Inc. in the region. These companies are actively working on developing and launching new products that incorporate WiGig technology, which is expected to drive regional growth over the forecast period.

Asia Pacific is projected to be one of the fastest-growing regions owing to increasing demand from countries such as Japan, China, Australia, and India among others who are focusing on reducing their data wire costs by eliminating cables between devices located at different locations or using wireless technologies such as WiGig or Bluetooth Low Energy (BLE).

Growth Factors:

Increasing demand for high-speed wireless connectivity: The global market for WiGig is expected to grow at a CAGR of more than 60% from 2016 to 2021. This growth can be attributed to the increasing demand for high-speed wireless connectivity across different applications such as consumer electronics, enterprise networking, and automotive.
Proliferation of 5G technology: The next generation of mobile networks (5G) is expected to rely heavily on WiGig technology in order to provide ultra-high speeds and low latency. This will drive the growth of the WiGig market in the coming years.
Growing popularity of 802.11ad standard: The 802.11ad standard offers several advantages over other standards such as increased speed, reduced interference, and improved power efficiency. As a result, it is gaining popularity among consumers and enterprises alike, which will help fuel the growth of the WiGig market in future years .


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Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless GigaBit(WiGig) Market Research Report
By Type
802.11ac, 802.11ad
By Application
Networking Devices, Consumer Electronics, Others
By Companies
Samsung Electric, Cisco Systems, Qualcomm Atheors, Marvell Technology, Intel Corporation, Panasonic Corporation, NVIDIA, Broadcom Corporation, NEC Corporation, MediaTek, AzureWave Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.

Global Wireless GigaBit(WiGig) Market Report Segments:
The global Wireless GigaBit(WiGig) market is segmented on the basis of:
Types
802.11ac, 802.11ad
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Networking Devices, Consumer Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Samsung Electric
Cisco Systems
Qualcomm Atheors
Marvell Technology
Intel Corporation
Panasonic Corporation
NVIDIA
Broadcom Corporation
NEC Corporation
MediaTek
AzureWave Technologies



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Highlights of The Wireless GigaBit(WiGig) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
802.11ac
802.11ad
By Application:
Networking Devices
Consumer Electronics
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Wireless GigaBit(WiGig) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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