WiGig Market | key vendors, growth probability, and future Scenario | Qualcomm Inc., Panasonic Corp., Intel Corp., Broadcom Inc., Blu Wireless Technologies, NVIDIA Corp., Silicon Image Inc., NEC Corp., Samsung Electronics Inc., Cisco Systems Inc.

WiGig is made to provide extremely fast, low-latency wireless internet connectivity by using beamforming technology for sending a signal up to 10 meters. The inbuilt low power technology is 5 times more energy efficient than Wi-Fi and can act as a connection layer for devices that expect to connect via USB, DisplayPort and HDMI. The current version of WiGi is working on the speeds of 5Gbps and new WiGi is expected to work to be even faster at around 10Gbps.

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COVID-19 scenario Analysis:

➢ The emergence of COVID-19 pandemic has severely affected almost all industries across the world. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. Thus, this has led to delay in supply of electronic components required in manufacturing of network equipment.

➢ It is estimated that the U.S. and global tech market growth is slowing down to nearly 2% in 2020, owing to which ICT spending in major economies such as the U.S. have declined in the first half of 2020.

➢ The recent COVID-19 outbreak has very badly hit growth of the global economies in every sector. Strict lockdown and social distancingare imposed in affected countries and supply chain and manufacturing operations have paused. As a result it has leadto shortage of raw materials and parts of electronic goods manufacturing and leads to impact ongrowth of the WiGig market globally.

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Rise in the demand for high speed internet connectivity, massive growth in adoption of portable consumer goods, growth in use of smartphones, growth in demand for live multiplying gaming, and high definition content streaming, which drives growth of the market.In addition, increase in adoption of Wi-Fi enabled devices such as smartphones and laptops, along with increasein adoption of connected devices further fuels growth of this WiGigmarket. However, complex configuration, heavy cost installment, and high-power consumption aresome of the factors that hinder growth of this market. Furthermore,ongoing advancements in new generation devices may create opportunity for the WiGig market globally.

Due to technology advancements, consumer experience is also getting enhanced. Demand for ultra-high definition video, movies,and video on demand services has increased and virtual reality and augmented reality in the gaming industry are expected to boost growth of the WiGig market.

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Key benefits of the report:

➢ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the WiGig market analysis from 2021 to 2031 to identify the prevailing WiGig market opportunities.

➢ The market research is offered along with information related to key drivers, restraints, and opportunities.

➢ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

➢ In-depth analysis of the WiGig market segmentation assists to determine the prevailing market opportunities.

➢ Major countries in each region are mapped according to their revenue contribution to the global market.

➢ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

➢ The report includes the analysis of the regional as well as global WiGig market trends, key players, market segments, application areas, and market growth strategies.

The report has offered an all-inclusive analysis of the global WiGig Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge soon and positively impact the overall industry growth.

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Leading Market Players:

The key players profiled in the WiGig market analysis are Qualcomm Inc., Panasonic Corp., Intel Corp., Broadcom Inc., Blu Wireless Technologies, NVIDIA Corp., Silicon Image Inc., NEC Corp., Samsung Electronics Inc., Cisco Systems Inc., Marvell Technology Group Ltd., Agilent Technologies

These players have adored various strategies to increase their market penetration and strengthen their position in the industry. Current and future WiGig market trends are outlined to determine the overall attractiveness of the market.

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