WiGig Market Size, Status, Precise Outlook 2021 - 2025: Panasonic Corporation, Qualcomm Technologies Inc., Intel Corporation

Market Insights Reports delivers key insights on the WiGig Market in its latest report titled, “WiGig Market - Growth, Trends, And Forecasts (2020 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. 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.

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Top Key Players in the Global WiGig Market: Panasonic Corporation, Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc., Blu Wireless Technology Limited, TensorcomÊInc., Fujikura Ltd, Sivers Ima Holding AB, Cisco Systems Inc., Dell Technologies Inc., Lenovo Group Limited, HP Development Company LP

- 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.

Market Overview:

Tri-band router is driving the trend of running on three subnetworks, one each at 2.4 GHz, 5 GHz, and 60 GHz.

- 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.

Regional Analysis:

The report offers an in-depth assessment of the growth and other aspects of the WiGig market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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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.

This WiGig Market report addresses:

- The Market size from 2015-2020

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place

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Post Covid-19 Analysis:

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 have 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 with the sales team.

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