Press release
Latest Update: WiGig Market (CAGR 25%) Is Estimated to Over the Forecast Period Key Players are: Panasonic Corporation, Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc
The WiGigmarket was valued at USD 2.03 billion in 2019 and is expected to reach USD 7.84 billion by 2025, at a CAGR of 25.37% over the forecast period (2020- 2025).Tri-band router is driving the trend where the router will run on 3 subnetworks one each at 2.4 GHz, 5 GHz, and 60 GHz. WiGigwireless technology uses a 60 GHz communication standard called 802.11ad. This can be useful in homes with 802.11ad devices that can be physically located near the router.
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The WiGigis one of the latest and emerging technologies (IEEE 802.11ad) that works in the bandwidth of 60GHz and delivers up to 7 Gbit/s (20 times faster than IEEE 802.11n standard connection). The increased penetration of computers and smart devices, coupled with the ability of WiGigto transfer data at higher speeds is opening various options in applications in Healthcare, Entertainment & Media, etc.
The prominent players in the global WiGig market are:
Panasonic Corporation, Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc., SiBEAM Inc. (Silicon Image Inc.), Tensorcom Inc., NetGear Inc., Advanced Micro Devices Inc. (Nitero), Blu Wireless Technology
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Global WiGig Market: Research Methodology
High-Speed Internet Access, Virtual Reality in Entertainment and Media to Significantly Drive the Market
- Owing to the increasing adoption of VR technology, VR has immense potential as a new entertainment and gaming medium. The factor hindering the growth of tethered VR is that even the most powerful headsets have to be connected via wires to gaming PCs. With WiGigchipsets, the VR headsets could communicate over high-speed wireless links to the PCs, which could eliminate the wires.
- Development of Cloud VR applications is expected to be the driver of wireless connectivity in VR HMDs (head mounted displays). However, a high data rate and low latency connectivity are required for Cloud VR applications. WiGigwhich can provide up to 7 Gbps connectivity will play an important role to support high bandwidth applications for indoor use.
- Intel is working on Project Alloy. It is an All-in-One head-mounted display reference design, with Intel Optane, Intel RealSense, and Thunderbolt, and which will eventually remove the cable with WiGigto take the experience to the next level. All of these Intel technology solutions are supported by a robust portfolio of software capabilities and are building out a VR support ecosystem.
Furthermore, Global WiGig Market following points are involved along with a detailed study of each point: –
– Global WiGig Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
– Global WiGig Market competition by Manufacturers (2020-2025)
– Production and Consumption by Regions
– Complete profiling and analysis of Manufacturers (2020-2025)
– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
– Industrial Chain, Sourcing Strategy and Downstream Buyers
– Marketing Strategy Analysis, Distributors/Traders
– Global WiGig Market Effect Factors Analysis (2020-2025)
– Global WiGig Market Forecast (2020-2025)
– Global WiGig Market Research Findings and Conclusion
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
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About US
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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