Press release
Global WiGig Market May Set a New Epic Growth Story | Panasonic Corporation, Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc.
Latest released, the research study on Global WiGig Market Report Forecast 2021 - 2025, offers a detailed overview of the factors influencing the global business scope. WiGig Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the WiGig. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: 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 LPThe 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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Covid-19 Impact and Recovery Analysis:
The global WiGig market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.
Industry News and Updates:
- 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.
Key Market Trends
Rising Adoption of High-resolution Videos to Significantly Drive the Market
With the 5G technology expected to be the most significant next-generation cellular network technology in 2020, especially in the urban areas, the adoption of OTT (over-the-top) content is expected to increase. _
Furthermore, with the latest OTT trends, streaming 4K video takes up to around 30 Mbps on internet bandwidth. In order to stream high-resolution videos, one must have at least double the currently available bandwidth, which is unusual for the consumer-grade internet connections. However, with the launch of 5G, the extra bandwidth is expected to make 4K and VR (virtual reality) streaming the defining features during the forecast period. The increased demand for high-resolution videos is expected to lead to the adoption of superior wireless networking standards, such as WiGig. _
In the past, the technology companies, such as Wilocity and DisplayLink, demonstrated WiGig-enabled 4K graphics and videos at Intel's developers forum. Furthermore, wireless video streaming in the millimeter-wave range received a lot of attention in both the academic and industrial communities.
Regional Analysis:
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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-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
-Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
-Market value USD Million and volume Units Million data for each segment and sub-segment
-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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.
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