WiGig Market 2020-2025 | By Top Key Companies Intel Corporation, Panasonic Corporation, and Qualcomm Technologies Inc.

The Global WiGig Market Research Report Forecast 2020 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the WiGig market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The WiGig market was valued at USD 1745 million in 2019, and it is expected to reach USD 5,229.1 million by 2025, recording a CAGR of 19.7% during the forecast period, 2020-2025. Tri-band router is driving the trend of running on three subnetworks, one each at 2.4 GHz, 5 GHz, and 60 GHz.

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Top Key Players in the Global WiGig Market: Intel Corporation, Panasonic Corporation, and Qualcomm Technologies Inc., among others.

Recent Development:

- February 2020 - Sivers IMA announced the launch of new 5G mmWave Dual Quad Beamformer ICs, in collaboration with Ampleon. They include two quad antenna connections with either Rx or Tx channels and integrated RF switches. This solution supports both vertical and horizontal polarization MIMO.
- January 2020 - Fujikura Ltd started shipping the samples of its 60 GHz mmWave wireless communication module, which utilizes a high gain phased array to deliver high-speed wireless communication in a 60 GHz frequency band, unlike 4G that uses a sub-6 GHz frequency band. This module can be used in various applications, including video transmission and VR/AR, due to its high-speed.

Overview:

- Currently, one of the issues with the popular wireless standards is that they either have very limited bandwidth (e.g., Bluetooth), or they are subject to inconsistent performance due to interference and congestion (e.g., Wi-Fi). However, newer standards are emerging, such as 802.22ad or WiGig, which aim to solve both the problems for short-range communication between devices. 
- In order to complement the enhancements to Wi-Fi Certified ac, Wi-Fi Alliance introduced Wi-Fi Certified WiGigig to accelerate the commercial availability of WiGig devices. WiGig operates in the less-crowded 60 GHz frequency band, which enables extremely high-performance, multi-gigabit connectivity, and low latency for a range of applications, such as wireless docking, augmented reality/virtual reality (AR/VR), multimedia streaming, gaming, and networking.
- Many countries have assigned a 7 GHz or more spectrum in the 60 GHz band, which is either unlicensed (like the present Wi-Fi at 2.4 GHz) or lightly licensed. For example, in the United Kingdom and the United States, the 57-64 GHz band is exempt from licenses. The 64-66 GHz band is lightly licensed in the United Kingdom, which means that the users should notify the regulator where and when they use the frequency, although there is no fee for using it. 
- Due to the outbreak of COVID-19 in various countries in Asia-Pacific, a majority of these vendors' functions have been disrupted. This halted the manufacturing operations of these companies and affected the global supply network, which negatively impacted the market. The market is not expected to witness growth until the countries recover from the outbreak of COVID-19.

Asia-Pacific to Register the Highest Market Growth

In recent years, there was increased emphasis on the high-speed internet and 5G network. China, Japan, Taiwan, India, and Australia, among other countries, are the major driving countries in the region for the same.

China has an established ecosystem for 5G, and it is expected to grow further during the forecast period. However, the 5G technology is likely to serve as a hotspot technology, along with the current mobile broadband, and register a gradual growth in the country.

Seeking growth opportunities, companies in the region are also looking forward to entering the market with their WiGig products. For instance, in January 2020, Fujikura, a Japan-based electrical equipment manufacturer, announced its plans to start shipping its sample for a 60 GHz millimeter-wave wireless communication module for application in gaming VR/AR, achieving a wireless communication at 2 Gbps. Additionally, in October 2019, Murata Manufacturing Co. Ltd announced its plan to develop an RF module for the Telegraph Project by Facebook.

Taiwan remains the leading country in the semiconductor foundry business. To some extent, Taiwan Semiconductor Manufacturing Co. remains the world's largest foundry, and it recorded a revenue of up to USD 35 billion in 2018. Additionally, Taiwan is home to the world's third-largest foundry, United Microelectronics Corp., and the sixth-largest company in the foundry, by sales, Powerchip Technology Corp. TSMC, UMC, and Powerchip together make Taiwan the largest market for this industry, closely followed by another emerging Asian giant in this space, China.

Regional Analysis for Market:

For a comprehensive understanding of market dynamics, the global WiGig market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

This WiGig Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global WiGig Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the WiGig Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate, and figure and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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