Press release
WiGig Market 2021-2026: Trends, Scope, Demand, Opportunity and Forecast
The WiGig Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The WiGig market 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).
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Top Leading Companies of 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 and others.
Key Market Trends:
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 WiGig chipsets, 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. WiGig which can provide up to 7 Gbps connectivity will play an important role to support high bandwidth applications for indoor use.
North America Accounted to Hold Highest Market Share
- The internet penetration in North America is really high and so are the numbers of internet and smartphone users in this region, which drives the wigig market.
- North America is quickly migrating toward multi-gigabit, residential internet access, primarily using fiber to the home where economically feasible or extracting more bandwidth from existing networks using DOCSIS 3.1, which is trending with the real opportunity of wireless and speed, by which the demand of wigig is increasing in this region.
Competitive Landscape:
- Jan 2019 - Peraso Technologies Inc., a leader in the development of mmWave technology and Wireless Gigabit (WiGig) chipsets, showcased multiple wireless video products and demonstrations at CES 2019, including a commercially available wireless docking solution from Millitronic.
- Feb 2019 - Qualcomm introduced the new Qualcomm Automotive Wi-Fi 6 chip, the QCA6696, bringing the next generation of Wi-Fi and Bluetooth connectivity to the automotive industry. The QCA6696 features dual Wi-Fi 6 multiple-input multiple output (MIMO) access points designed to support Gigabit in-car hotspot and to deliver efficient Wi-Fi connectivity throughout the vehicle.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- WiGig Market Size & Analysis (2016 - 2026)
- Market Share Analysis of WiGig Market (%),2016 - 2026
- WiGig Market Share, By Brand
- WiGig Market Share, By Company
- WiGig Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies WiGig Market Value Analysis & Forecast
- Promising WiGig Development by Major Companies
- Detailed WiGig Portfolio of the Major Companies
- Major Deals in the WiGig Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/01091745939/wigig-market-growth-trends-and-forecast-2020-2025?Mode=nm
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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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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