Press release
Global WiGig Market: Exponential Growth Illustrious By Rising CAGR And Market Size
WiGig Market Size
What Is The Projected Market Size Of The Global WiGig Market And Its Growth Rate?
The WiGig market reflects an encouraging growth trajectory:
• From $5.05 billion in 2024 to $6.37 billion in 2025 (26.3% CAGR)
• Expected to reach $17.73 billion in 2029 (29.1% CAGR)
Market growth spurred by factors such as smart device proliferation, expansive internet usage, IoT adoption, and 5G network deployment. Major trends include WiGig integration in enterprise networking solutions, the rise of new form factors with WiGig support, and increased focus on millimeter-wave communication.
What Is Driving The Growth In The WiGig Market?
The surge in demand for high-speed internet significantly contributes to the WiGig market growth. As 5G wireless technology establishes itself, WiGig technology, capable of doubling current wireless internet speeds up to 8 Gbps, takes the front seat. WiGig's propensity to facilitate high-performance wireless data, display, and audio applications underpins a substantial demand increase. The United Kingdom confirms a steady climb in premises with access to gigabit-capable broadband, indicating rising high-speed internet demands and thus the WiGig market's potential growth.
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Who Are the Key Players Driving WiGig Market Growth?
Substantial growth in the WiGig market is fueled by market players such as:
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Dell Inc.
• Lenovo Group Ltd.
• Panasonic Corporation
• Intel Corporation
• Qualcomm Technologies Inc.
• Broadcom Inc.
• NXP Semiconductors N.V.
• Keysight Technologies Inc.
What Are The Key Trends In The WiGig Market?
Key trends shaping the WiGig Market include:
• Development of advanced modulation techniques
• Increased focus on millimeter-wave communication
• Integration of WiGig in enterprise networking solutions
• Rising demand for WiGig in gaming and entertainment
• Emergence of new form factors and devices supporting WiGig
What Are The Segments Of The Global WiGig Market?
The WiGig market is segmented into:
1) By Product: Display Devices, Network Infrastructure Devices
2) By Technology Type: System-On-Chip (SoC), Integrated Circuit Chip (IC)
3) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
4) By End Use Industry: BFSI, Healthcare, IT And Telecom, Retail, Media And Entertainment, Other End Use Industries
Which Region Leads The WiGig Market?
North America held the largest regional share of the WiGig market in 2024, with Asia-Pacific anticipated as the fastest-growing region during the forecast period. The WiGig market spans regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The WiGig Market Global Market Report?
- Market Size Analysis: Analyze the WiGig Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the WiGig Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall WiGig Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the WiGig Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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