WiGig Market to Reach US$ 7.6 Billion by 2028 | CAGR of 17.6%

According to the latest report by IMARC Group, titled "WiGig Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global WiGig market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2028, exhibiting a growth rate (CAGR) of 17.6% during 2023-2028.
WiGig refers to a wireless gigabit Wi-Fi network protocol used in various devices to enable high-speed transmission of display and audio. It provides fast, low-latency wireless internet connectivity by using beamforming technology that sends a signal up to 10 meters. It also offers instant transmission of data, faster communication, accuracy, security, and reduced interference. Owing to these benefits, WiGig is widely utilized in general-purpose networking, personal computer (PC) docking, gaming, multimedia streaming, file transferring, and various enterprise applications.

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Global WiGig Market Trends:

The market is primarily driven by the rising investments in the development of smart cities by governments of numerous countries. In addition, the integration of the Internet of Things (IoT) and cloud solutions across various industries represent another major growth-inducing factor. Besides this, enterprises extensively utilize WiGig devices to enable working professionals to execute various allocated tasks, such as delivering large files, running bandwidth applications, and projecting graphics and audio to a large screen. This, coupled with the rising adoption of Wi-Fi enabled devices such as smartphones and laptops, are positively influencing the market growth. Moreover, WiGig devices are extensively employed for fast download of high definition (HD) movies, simultaneous streaming of multiple, ultra-HD videos, immersive gaming, augmented reality (AR), and virtual reality (VR) experiences. Furthermore, the increasing consumer spending on digital media on account of inflating disposable incomes is also propelling the market growth.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

Blu Wireless, Broadcom Inc., Cisco Systems Inc., Intel Corporation, Marvell Technology Inc., NXP Semiconductors N.V., Panasonic Corporation, Peraso Technologies Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., Sivers Semiconductors AB and Tensorcom Inc.

Breakup by Product:

• Networking Devices
• Consumer Electronics

Breakup by Protocol:

• 802.11ac
• 802.11ad

Breakup by Technology Type:

• System-on-Chip (SoC)
• Integrated Circuit Chip (IC)

Breakup by Enterprise Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by End Use Industry:

• BFSI
• Healthcare
• IT and Telecom
• Retail
• Media and Entertainment
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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